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- 1 Unibot has revealed a new plan to offer UNISOL to UNIBOT holders.
- 2 The goal is to enhance UNIBOT’s value in the cryptocurrency industry.
Unibot, an innovative trading bot is all set to offer a new year present to the UNIBOT token holders. The trading platform will issue a native Solana ecosystem token that is UNISOL to the holders of Ethereum-based UNIBOT holders. According to developers, enhancing the native token’s value and overcoming some losses from the past are some major reasons behind the decision.
What Unibot is Planning?
Unibot, a trading platform that expanded its roots to the Solana ecosystem in late December announced a new plan on January 27. Based on a Tweet, the platform is offering UNISOL tokens to the UNIBOT holders to initiate revenue earning on the Solana platform.
The platform announced the offering of a native Solana ecosystem token and the introduction of a UNISOL token that enhanced revenue in the form of an SOL token. However, the decision raised concerns among the old UNIBOT token holders as they would be required to choose the new token.
Clearing the plan, the Unibot team said that UNIBOT token holders will receive over 80% of the UNISOL supply through a snapshot and claim mechanism. Additionally, the revenue generated by the protocol will be split into two pools. Pool 1 is for the UNIBOT holders on Ethereum and Pool 2 is for the UNISOL holders on Solana.
Linking the Ethereum address which holds a UNIBOT to a Solana address will help in receiving the revenues.
On Monday, the team revealed the actual goal behind the plan. The goal is to enhance UNIBOT’s price value as well as recover the previous losses as traders priced in new information. Additionally, since the platform launch, over 20,000 UNIBOT holders generated over $130 Million in total volume.
Unibot and Solana’s Current Performance
According to the Dune report, the average daily volume of the Bot platform in the past 7 days is over $7,372,705 with around 5,198 daily active users and 77,643 average daily trades. Exploring the 24-hour data, the platform holds a volume of $7,067,817 with 6,878 total users and 90,423 trades.
Furthermore, the platform generated over $74,709 in fees on 28 January with around $6.53 Million and $1.24 Million volumes in Solana and Ethereum respectively.
According to CoinMarketCap data, the UNIBOT price in the past 24 hours is $64.20, an upsurge of over 23.12% with a market cap of $63.8 Million. SOL, on the other hand, holds a current price of $97.67, a drop of 1.39% with a market cap of $42.3 Billion.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
