In the UWIM blockchain, the concepts of tokens and contracts have been separated for the users convenience. Each network user has three addresses at once (_uw, _sc, _nd- readmore in the Blockchain section). Using a convenient constructor right in the terminal, you can attach a token to your _sc address and define a smart contract for it (Token is a smart contract of a certain standard - read more in the Standards and Contracts section).
◦ Tokens creation. Go to the "Create a token" section in the web terminal, fill in the required fields (name, label, issue, etc.), send the transaction by signing it. Congratulations, your token has been created, and you can use it now. It will soon appear in the token register on the official website and partner websites. By default, “My” standard is selected for all created token. You will have an opportunity to change the token standard (depending on the choice of the token standard - the system will form a suitable smart contract for you)and fill in the cards.
◦ Contracts creation. Similar to tokens, a user can create their own contracts such as NFT, DAO, etc. through the web terminal, specifying all the necessary parameters. Additionally, a contract can be attached as an extension (supplement) to a token.
◦ Custom tokens and smart contracts creation. If a user (person or company) wants to implement non-standard solutions (token / smart contract / API / application), they can use the services of UWIM. This process starts with an application in a personal account and verification.
We have created a convenient division of tokens into types of ownership and standards that are suitable for almost any field of activity. In addition, users have the ability to attach smart contracts to each token, expanding the functionality of their project. Tokens with application in the entrepreneurial segment and for private purposes: Loyalty programs, donation, start-ups, problem-solving for existing business, trade and other application options. (read more about standards and contracts).
Website and application connected with blockchain smart contracts
Each created user token in the blockchain has two cards. The cards data is also subject to decentralization (each subsequent update is recorded in the blockchain and remains unchanged throughout its existence). A token can be attached to the identity of the owner or company through accreditation.
A person or a company successively goes through the stages of personal data confirmation (the amount and correctness of data bring each specific token closer to full personalization).
A user can also attach a specific product or resource to the token,they can add their product roadmap, content, etc. Each passed stage makes the token more transparent and understandable, more personalized and more attractive for other network members (users and investors).
Accreditation is a centralized platform function that allows potential investors to understand what information about a token has been verified.
The token owner can receive the data confirmation by providing personal data of them or their company. The data is checked for a fee manually.
The hash of the verification result is written to the blockchain, and the platform marks the data with its signature (verifies) that no one can fake. A user can see the transparency of the data about the token owner and that all information is provided and reliable.
A user does not see specific data but sees the verification checkbox.
The exchange between tokens is carried out instantly, automatically, without people participation through the DEX (decentralized exchange).
A “liquidity pool” is created for each pair of main and custom tokens that determines the exchange ratio. Additionally, two pools of liquidity from each pair are used when exchanging a user token for another token.
Afee is charged withtokens exchange. This amount is distributed among liquidity providers not equally and depends on the deposit size of each transaction participant.
Assets can be either deposited or withdrawn at any time from each exchange contract.
Besides, each token has a supplement contract that allows you to additionally issue tokens to the liquidity pool in proportion to all its participants.
To start the token issue, it is necessary to provide the contract with the following parameters in advance: time, stages (halving), issue rate and tokens for the liquidity pool.
Example: You have created a token and want to issue it along with the development of the project. You can send part of the tokens to a smart contract in advance where it will be impossible to collect them, and within a certain time they will be automatically distributed among all holders, depending on their deposit.
A special bonus program from UWIM was created to support new platform members. Bonus conditions are the same for every new member.
When starting the project, tokens wereallocated to the smart contract where it is impossible to withdraw them (according tokenomics).
UWM coins are additionally issued to the liquidity pool of each token that allows having an advantage of the tokens created in the first few years of the platform's existence.
There is a lock contract on the network. You can send tokens with a delay, specifying the required block number and recipient. Upon reaching the specified block, the recipient will be able to withdraw their tokens from the contract. The main token of the UWM network and custom tokens can be sent to the contract.
There is a voting contract in the network that allows collective decision-making on major issues. Validators can propose questions and answer options, and network users can send certain types of transactions using the UWM token to vote. You can vote once for each question.
The project team has always been excited with the idea of startups support aimed at humanity and world development.
We have created a special fund by defining bonuses in smart contracts in advance.
Platform tokens are pre-allocated for the fund and they are locked in smart contract(according to tokenomics).
The UWIM team plans to nominate at least 10 well-known personalities-experts from around the world who will assess the brightest initiatives of the platform participants.
Any team can create a token, submit their project and fill in all the relevant details.
Each project that has submitted an application will receive an assessment of independent experts. The project will be assigned a special status based on the assessment results and experts voting, and the nominated person will receive a reward at a time or in stages in the form of UWM (Main unit of the platform), depending on the assigned status.
We believe that this support is necessary for new projects that are able to benefit the world in the long term.