The newest addition to Uniw Pad
We have been doing a lot of work to prepare our release timeline for November, and Uniw Pad has been one of our main focuses for the next month, ensuring that Uniw and ETHW can keep striving for greatness and mass adoption.
The newest project for our Launchpad is Power Vault, the first Autocompounding platform natively supported by the Uniw Ecosystem. Power Vault also features Thunder Pot, an innovative Pool that collects and distributes autocompounding fees.
We have had the pleasure of working with the Power Vault team in the past and we can confirm their high quality work output and solid business practices.
Power Vault Introduction ⚡
PowerVault is a Defi Yield Farming Aggregator and Optimizer for ETHW. Through a set of investment strategies by smart contracts, PowerVault allows you to deposit various assets into smart contracts that execute automated strategies to achieve the best rewards across the EthereumPOW DeFi ecosystem.
The main feature behind PowerVault is the vault system in which you can stake your crypto assets. Based on a preset investment strategy, vaults on PowerVault automatically increase your deposited token amount by compounding yield farm reward tokens back into your initially deposited asset. Additionally, you can withdraw and deposit tokens at any time.
Fee Structure
- Burn Fee : 0~0.5%
- Compounding Gas Fee : 0.5% (Instead of paying compound gas fees for deposits and withdrawals, PowerVault automatically compounds at an optimized frequency set by the bot)
- TunderPot : 4% (This will be distributed to $POWV holders)
NFT Boost
Power Vault will also offer utility for our NFT Collection, UNIW Punks. You can boost APYs and reduce lockup period on Power Vault with your UNIW Punks.
Power Vault Tokenomics
- 2,500,000 POWV (50%) for the IDO
- 750,000 POWV (15%) for the liquidity creation
- 500,000 POWV (10%) for the team with 12 month linear vesting period
- 500,000 POWV (10%) for the vault bootstrapping event after the launch
- 500,000 POWV (10%) for LaunchPool rewards with partners
- 250,000 POWV (5%) for PowerVault operations
Launchpad Details 🧮
The Power Vault Launchpad will take place on Tuesday, November 1st 2022 at 9AM UTC, and will last 12 hours, ending at 9 PM UTC. It will be hosted on our native launchpad, UniW Pad, and will perform its raise in our native token, UNIW.
Overflow Method
Our Launchpad follows the Overflow Methodology. Let’s explain how the mechanism works.
In the case of Power Vault’ Launchpad the Total Raise is 100000 UNIW. With the overflow method this raise could go past 100% to any number imaginable, as long as it’s within the amount of tokens available in circulation. But at the end of the launchpad, only the 100000 UNIW predisclosed will be utilized for the raise, while the excess UNIW will be reimbursed to users.
This means that your Individual Allocation is correlated to the amount of weight you have in the Launchpad.
This is a great way to allow more users to enter the Launchpad, it creates a lot of hype, and is highly beneficial for the project for a few reasons:
- It reduces the risk of whales creating price volatility when trading starts
- It allows the project to start with a higher number of holders
Launchpad Info
- Total Raise: 100000 UNIW
- Distribution: 2.500.000 POWV
- POWV per UNIW: 25 POWV
- Initial POWV Marketcap: $200,000 (subject to price fluctuation)
- Minimum Contribution: 10 UNIW
- Maximum Contribution: 1000 UNIW
- Launchpad Duration: 12hrs
Keep in mind that there will be a stand by period of 30 minutes after launchpad completion. This is to allow us to set initial liquidity and farms accordingly, after which you will be able to freely claim and trade your tokens.
Launchpad Allocation
- Liquidity: 30000 UNIW = 30% (Sent to Burn Address at Launch)
- UNIW Burn: 20000 UNIW = 20%
- Power Vault Development Allocation: 50000 UNIW = 50% (Released Gradually Over 8 Weeks)
Initial Farms
The initial farms we will feature on our platform will be:
- POWV — UNIW
- POWV— USDC
In exchange Power Vault will support a Launchpool with 500.000 POWV tokens each month until further notice.
Ensuring Investor Safety 🔐
We have verified the integrity of the team, and the Power Vault team has performed a smart contract audit for their project, allowing us to ensure the best level of quality and Due Diligence on Ethereum PoW thus far.
This obviously doesn’t ensure the long term success of a project, but we find it to be an essential piece of the puzzle in order to keep investors safe, early into the lifespan of a project.
Furthermore Power Vault will also undergo an ownership transfer under a Timelock contract just like us, along with burning their Initial Liquidity.
Uniw Punks Utility 🦄
If you own a UniW Punk you’ll be able to get up to a 100% boost on our Launchpads. In the case of the Power Vault Launchpad, if you have a Punk numbered 1–495 you will be able to increase your Max Allowance up to 2000 UNIW.
Here is the Allocation Boost Info:
- 1–495 = 100% Max Allocation Boost
- 496–1495 = 50% Max Allocation Boost
- 1496–2897 = 40% Max Allocation Boost
- 2898–4498 = 30% Max Allocation Boost
- 4499–6499 = 20% Max Allocation Boost
- 6500–10000 = 10% Max Allocation Boost
Thank you guys for joining us once more as we try to go higher and higher with our ETHW goals. Stay tuned for the Launchpad and the Mutant Uniw Punk launch right before that. Much more is planned down the line and we won’t disappoint you with the amount of work commitment we have.
