Token Utility Overview
$UDO the is the native token of the Unido Platform.
Users can leverage $UDO within the platform for a range of in-app services, enhancing their overall experience.
As the retail version of Unido EP nears large scale roll-out, the focus is on endowing the token with in-app utility encouraging new users to buy, hold and use $UDO. Here’s list of the utility which is either in place now, or will be released throughout 2024:
$UDO Staking Program: The platform offers a robust $UDO staking program, allowing users to stake their tokens and earn rewards. Stakers contribute to the network's functionality while enjoying additional incentives. Find out more about our staking program here.
Payment for Services: Dex Swaps / Exchange Swaps: $UDO serves as a primary medium for conducting decentralized and exchange swaps within the platform. Users can seamlessly buy and sell various cryptocurrencies in-app, and the fees for these transactions will be paid in $UDO and /or will require users to have a sufficient staked quantity of $UDO.
Buying Crypto in-app: Unido users can also conveniently purchase cryptocurrencies directly from Unido via Transak. Learn how to buy crypto from fiat in-app here. Fees for these transactions can optionally be paid or offset in $UDO.
Payment Services and Crypto Debit Card Programs (coming soon): Holders of $UDO enjoy reduced fees when utilizing payment services programs offered by the platform. The Crypto Debit Card program provides a convenient way for users to spend their $UDO holdings by offering reduced card load fees.
Enterprise Platform License (coming soon): Enterprises can acquire platform licenses using $UDO, unlocking a suite of advanced features and services. The platform license facilitates enhanced capabilities for businesses, promoting a mutually beneficial relationship between the ecosystem and enterprise users.
Transaction and Subscription Costs: see below “market segments” for details.
Product Rollout and Market Segments
Unido offers a plan for every market segment, from retail customers through to crypto native businesses pursuing high volume automated transactions:
Note: “plans for individuals” - apply post-trial and only when using MPC functionality.
Product rollout is in stages, and by market segment:
Stage 1: Individuals (Fulgo partnership, direct marketing, emphasis on markets where crypto is in high demand, such as Africa).
Stage 2: SMBs: On the back of a new suite of business orientated tools, Unido will pursue the SMB sector where there is global demand for an all-in-one, self custody MPC solution.
Stage 3: Enterprise and Institutions in 2025, following traction in the first 2 market segments.