The Unique Network Token Sale (UNQ): Recap

Diamond in the Rough—our token event for the community—officially ended on 13th January with over $11.2 million raised from over 7900 supporters.

11th—13th January saw the launch and eventual close of Unique Network's latest milestone: a token sale. “Diamonds in the Rough” was our token event for the community, deployed through a whitelisted round for Quartz crowdloan participants, Unique Ambassador applicants, and holders of either a Chelobrick or a Substrapunk NFT. The whitelisted round was followed by a public round, which anyone could participate in on a first-come, first-serve basis. Participation in the sale required completion of the KYC process in advance.

What is UNQ?

UNQ is the utility and governance token that will facilitate the exchange of value between Users, Treasury, and the Unique Protocol. Our token is the next critical step in Unique Network's journey as a proud scalable blockchain for composable NFTs with advanced economies on the Polkadot relay chain, helping deliver the most advanced, scalable, and powerful NFT features possible.

The dual roles of the UNQ token in this ecosystem are payment for transactions (NFT and smart contract transactions, specifically) and staking, which will include app promotion staking, reputation staking, and vote staking (governance). As the Unique Network ecosystem grows, the token's utility will evolve!

The Results

After an exciting 48 hours of contributions on our platform of choice, TokenSoft, the two sale rounds ended, resulting in over 7900 contributions from almost 100 countries and an average size per ticket of over $1400. Beyond the monetary achievement of the token sale, we were truly blown away by the outpouring of energy and support from the entire Unique Network and Polkadot community.

What's Next

As we like to say at Unique Network, we're just getting started. We will continue to focus on updates to our next-generation NFT technology that will empower our growing developer community to create the best possible infrastructure for people to build on our platform.

Diamonds in the Rough set the stage for what's to come from our scalable blockchain technology, leading into the next key event in our journey to becoming a fully-deployed parachain on Polkadot during the first half of 2022: our participation in a Polkadot crowdloan.

We can't wait to share more details very soon.

Thanks to everyone for their support and contributions to Unique Network's token sale! — Unique Network

Polkadot Ecosystem PromoTeam https://app.subsocial.network/1224

Unique Network is a scalable blockchain for composable NFTs with advanced economies — The NFT chain built for Polkadot and Kusama.

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