UNA: A Decentralized AI Platform Combining AI and Blockchain

What is UNA

Friends, today let's talk about a blockchain project called UNA. You can think of UNA as a "digital emergency room" and "community recovery fund" specifically designed for communities hit by a "financial tsunami" in the digital world. Its full name is the "Web3 Community Recovery Protocol"—which sounds a bit complex, but simply put, UNA's goal is to help communities devastated by cryptocurrency market crashes get back on their feet and regain vitality.

UNA's initial focus was to help those affected by the May 2022 crash of LUNA and UST (two cryptocurrencies). That event was like a sudden financial earthquake, causing heavy losses for many. UNA hopes to use a unique approach to help these damaged communities recover some value and even revive.

The typical process for this project is: if you held LUNA or UST assets during the de-pegging (price crash) on May 6 or 7, 2022, you are eligible to claim UNA tokens for free. UNA will initially be deployed on Coinbase's Base chain, which you can think of as a dedicated blockchain "highway."

Project Vision and Value Proposition

UNA has an ambitious vision: it aims to build a "community recovery operating system" for the Web3 world through innovative tokenomics (a set of carefully designed digital currency game rules), game theory (studying how people make choices under specific rules), and economic models.

The core problem it wants to solve is providing help to individuals who suffered losses from crypto crashes, with the goal of enabling these affected investors to revitalize and recapitalize their destroyed blockchain assets without spending extra money. Imagine this as not only providing supplies after a disaster but also offering a reconstruction plan and seed funding.

If UNA's model succeeds, they hope to help other collapsed crypto communities in the future, such as BitConnect, OneCoin, SafeMoon, and SquidGames. This shows UNA is not just focused on the LUNA/UST event, but aims to become a universal community recovery solution.

Compared to similar projects, UNA's uniqueness lies in its focus on the specific field of "community recovery," especially for victims of the LUNA/UST crash, and its use of a distinctive tokenomics model to achieve this goal.

Technical Features

UNA's whitepaper and detailed tokenomics information are still being finalized, but the team emphasizes that they will continuously burn token supply. Burning tokens is like removing a portion of currency from circulation, making the remaining tokens scarcer and potentially more valuable.

To ensure sustainability, the UNA team uses a tool called Machinations and works with their chief tokenomics expert, Dr. Coinopolis, to carefully design the token model. This is like a game designer using a simulator to repeatedly test game rules before launch, ensuring balance and fun.

UNA's system is designed based on game theory and highly specialized simulation testing, aiming to create long-term value and stability for previously collapsed cryptocurrencies. This means they're not just imagining things—they've done rigorous mathematical and economic analysis.

UNA tokens will initially be deployed on Coinbase's Base chain. Base is a layer-2 Ethereum network launched by Coinbase, designed to offer lower costs and faster transactions.

Tokenomics

UNA has two main tokens:

• $UNA: This is the project's main token and the core of the community recovery plan.
• $gUNA: This is the project's governance token, which you can think of as the community's "voting card."

Issuing Chain: UNA tokens will initially be deployed on Coinbase's Base chain.

Total Supply and Issuance Mechanism: UNA's tokenomics design emphasizes continuous burning of token supply to reduce circulation.

Burn Mechanism:

• When users sell UNA tokens, a 4% tax is charged. This fee is used for burning tokens, buying back tokens from the market, and marketing.
• If users choose to exit their claim early (i.e., without waiting for all tokens to fully unlock), 40% of their unvested tokens will be burned, 10% will be distributed to other UNA holders, and the remaining 50% will go to the UNA project treasury. This is like a mechanism that rewards long-term holders and encourages people not to give up easily.

Token Utility:

• $UNA: As the core of the community recovery plan, its specific uses will be announced as the project develops.
• $gUNA: Holding $gUNA tokens allows you to participate in major community decisions. Additionally, if you choose not to claim UNA tokens early or stake your UNA tokens, you can earn $gUNA. In the future, $gUNA will also give you the opportunity to participate in early sales on the project's upcoming launchpad.

Token Distribution and Unlocking:

• If you held LUNA/UST during the de-pegging, 50% of UNA supply can be claimed for free. The project will prioritize UST holders but will also include LUNA holders.
• To claim all tokens, you need to wait 18 months. If you claim early during this period, you will lose a portion of unvested tokens.
• Long-term participants will receive not only UNA tokens but also $gUNA tokens, further incentivizing long-term community involvement.

Team, Governance, and Funding

The UNA project is backed by a diverse team with rich experience in their respective fields:

• Austin Seiberlich: Tokenomics expert and game theory master, involved in multiple blockchain projects.
• Larron Armstead: Responsible for technical operations.
• John Bui: Advisor, former strategic planning lead at Supra Oracles, with expertise in Asia and Southeast Asia markets, where LUNA/UST had significant impact.
• CocoPenguin: Responsible for culture, strategic growth, and meme culture; also leader of the TOSHI project, which contributed over 60% of transaction volume on Coinbase's Base chain.
• João Rouco Amaral: Head of operations, former lawyer, and responsible for KYC (Know Your Customer) and regulatory affairs at BNP Paribas.
• Arkham: Head of marketing, also marketing lead for TOSHI, and founder of an e-commerce marketing agency.
• Jose Brizida: Head of marketing, former CMO of a leading global organic social growth agency.
• RubiksCamus: Advisor, former NASA consultant, coach to executives at Tesla, Apple, Facebook, and others, and former CTO.
• Kenno: Founder, also founder of 1nvst, and former blockchain lead at Volkswagen.

The team's strength lies in bringing together experts in tokenomics, technology, marketing, operations, and strategy, whose experience supports the project's comprehensive development.

Governance Mechanism: UNA implements community governance through the $gUNA governance token, meaning community members holding $gUNA can participate in major project decisions.

Funding: UNA is supported by EnigmaFund.

Roadmap

Currently, detailed roadmap information for UNA is relatively limited, and the whitepaper and more technical documentation are still being finalized. Typically, a project's roadmap is like a travel plan, listing past milestones and future directions on a timeline, including major feature releases and community events.

Although specific dates and events have not been fully announced, the project's long-term goal is to help more communities affected by crypto market crashes if its recovery model succeeds.

Common Risk Reminders

Investing in any cryptocurrency project carries risks, and UNA is no exception. Here are some common risk reminders:

• Regulatory Risk: UNA clearly states that, due to the complexity of crypto regulation, it will exclude citizens and residents of certain countries, including but not limited to the United States, China, North Korea, and Iran. This means if you are a resident of these countries, you may not be able to participate.
• Market Risk: The crypto market is highly volatile, and UNA token prices may fluctuate sharply due to market sentiment, macroeconomic conditions, regulatory changes, and other factors.
• Technical Risk: Although the project emphasizes game theory and simulation testing, any new blockchain protocol may have unforeseen technical flaws, smart contract risks, or security vulnerabilities that could lead to asset loss.
• Execution Risk: UNA's vision for community recovery is ambitious, but actual execution is very complex, including how to effectively reach affected users, maintain community activity, and respond to future challenges. There is uncertainty about whether the project can achieve its goals as planned.
• Liquidity Risk: Token liquidity may be insufficient, making buying and selling difficult or causing large price swings.

Please note: The above information is for reference only and does not constitute investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Verification Checklist

For any blockchain project, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address: Find the UNA token contract address on Base chain and use a block explorer (such as Basescan) to check token supply, transaction history, and holder distribution.
• GitHub Activity: If the project is open source, check its GitHub repository for update frequency, code commits, and developer community activity, which reflect development progress and transparency.
• Official Website: Visit the project's official website for the latest and most comprehensive information.
• Audit Reports: Look for third-party security audits of UNA's smart contracts; audit reports can assess contract security.
• Community Activity: Follow the project's activity on Twitter, Telegram, Discord, and other social media and community platforms to learn about community discussions and project progress.

Project Summary

UNA is an ambitious Web3 community recovery protocol aiming to provide a unique solution for communities suffering losses in crypto market crashes, especially victims of the LUNA and UST events, through an innovative tokenomics model. The project offers a claim mechanism and introduces burn and governance tokens ($gUNA) to achieve long-term token value sustainability and decentralized community governance. The team has diverse backgrounds covering technology, economics, marketing, and more.

However, the project is still in its early stages, with the detailed whitepaper and roadmap being finalized. Investors should fully recognize the inherent high risks of the crypto market, including regulatory uncertainty, market volatility, technical risk, and execution risk, before considering participation. Be sure to conduct thorough due diligence and judge according to your own risk tolerance. This is not investment advice; for more details, please research independently.