UniLend Finance UFT
Report IssueUniLend is a decentralized, permissionless DeFi protocol that combines spot trading and money markets services with lending and borrowing services through smart contracts. In money markets, interest rates and collateral ratios are based on supply, demand, and other market forces, and borrowing limits are determined by the liquidity of trading pairs.
Details
ByBit 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$0.29 +7.78%
$0.15
UFTUniLend Finance
USDCUSD Coin
Short Review UniLend Finance
Crypto project UniLend Finance (UFT) is classified as a DeFi. UniLend Finance is a Utility token that is hosted on the Ethereum Network. The current total supply is 100.00 M UFT (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of $150,000
UniLend Finance ICO Overview
Estimated date for the public token sale: 10 October 2020. UniLend Finance (UFT) price during the token sale: 0.15 USD. Min/Max Personal Cap: 3 ETH / 3 ETH. You can purchase project tokens for ETH
UFT Price Chart
The launch of UFT token trading took place on 15 October 2020.
Fundraising Rounds
Total sold 31.00 M UFT tokens (31.00% of total tokens). Total amount of funds raised by the UniLend Finance project is $3.25 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale | October 2020 | $0.15 | $150,000.00 |
| Private Round | August 2020 | $0.12 | $2.40 M |
| Seed Round | July 2020 | $0.07 | $700,000.00 |
UniLend Finance Investors
TRGC Tier 2UniLend (UFT) cryptocurrency
UniLend is a DeFi platform. The main idea of UniLend is to unlock the potential of ERC-20 tokens that are not available on existing platforms. Other projects only allow work with about 20 of the most popular ERC-20 tokens, while thousands of other cryptocurrencies remain inaccessible. Using such a limited number of tokens also opens up the possibility of manipulating markets. However, you can borrow, lend, and sell thousands of tokens on UniLend. Adding a token to UniLend is very simple as it is permissionless, meaning no centralized organization is required as an intermediary, and any user can add the token they want to see on the platform. In addition, UniLend is creating an ecosystem to host several DeFi projects: PolkaBridge, Playcent, Cyberfri and others.
UFT is the project's native utility token based on Ethereum. It serves as a convenient tool for resolving disputes between UniLend users. Token holders vote to improve the functionality of the protocol: they can decide to add new cryptocurrency pairs or change the collateral ratios of certain assets, as well as vote on important decisions regarding the future of UniLend. To encourage users to take part in governance, UniLend rewards them with UFT for trading, borrowing or lending through the platform. The creators of UniLend state in the project's Lite Paper that the token is non-refundable and intended only for use on the platform: UFT can be exchanged for UniLend, used to manage it, but cannot earn interest.
History of the UniLend project
UniLend was created in 2020 with the idea that other platforms DeFionly supports a select few Ethereum-based assets, leaving most unavailable. The project is created and supported by an experienced and passionate team with crypto background: CEO and co-founder Chandresh Aharwar has experience in Matic Network, also one co-founder and CTO Suryansh Kumar is one of the co-founders of MetaTransact, along with Tarun Malik, who serves as CPO at UniLend.
Benefits of UniLend (UFT)
- Freedom of choice. UniLend is the first project to recognize a dramatically expanded token pool. This platform makes over six thousand ERC-20 based tokens available. More options mean more flexibility and more options for borrowing, lending and trading.
- Flash loans. UniLend is one of the platforms offering quick loans that do not require collateral and allow borrowers to purchase fairly large amounts for various purposes. This opportunity is especially important for those who do not have funds to provide as collateral.
- Prospective partnership. UniLend has joined forces with another player, DYFN. As a result of this partnership, the UniLend token is listed on the DYFN exchange, helping to distribute UFT tokens and improve the functionality of UniLend's instant loans, as well as increasing its popularity.
Disadvantages of UniLend (UFT) - Fear of the unknown. The cryptocurrency market is revolutionary in nature, but will users be enticed by the prospect of dealing with thousands of unknown tokens when there are always safe and known options such as Ethereum? If cryptocurrency owners ignore this core feature of UniLend and use it like any other lending and trading platform, UniLend will lose its unique character and may fall behind its more established and established competitors.
