TOKEN UNION PROJECT REVIEW

Token Union is an innovative platform that rewards you for holding cryptocurrency. Union Token is built by highly qualified and specialized individuals with dozens of products in their portfolio, the team hail from Various Prestige Universities in the world including Stanford and Princeton among others, they have worked at Amazon, Coindesk and AngelList.

In this article I will highlight the project structure and processes, the team and my views of the potential of the project; In the next article (PART 2) I will go deep in the Industry and Market Token Union is venturing and Token Union Potential to position itself in the market. I Will also analyze the project ICO on (PART 3) of this project series.

TOKEN UNION SOLUTION

Holding cryptocurrency is one of the best strategies of investing in cryptocurrency, as an Investor myself looking at the overall size of the cryptocurrency economy and its growth throughout the years it makes sense to buy and hold cryptocurrency rather than buying and selling in the short term.

Token Union platform has brought an amazing platform that let its users store cryptocurrencies such as Ether and ERC20 Tokens into their account and in return get rewarded for holding your tokens.

TOKEN UNION STRUCTURE

A DECENTRALIZED PLATFORM – Token Union is a decentralized platform that takes advantage of blockchain technology to make it independent and secure system, with this in mind users of the platform can HODL with a peace of mind knowing their investment are free from hurdles and security issues.

REWARDS DISTRIBUTION – Using blockchain smart contract feature to manage the reward distribution process automatically. The platform has an innovative tool called Total Network Value that ensures fair and automatic distribution of rewards. To hold tokens user's, agree to pay a small holding fee which is distributed to token holders as rewards, rewards are also attained from other charges such as withdrawal fees and this means the longer the HODLER holds his investments the higher the rewards. It's important to note that rewards are converted in Union Tokens and deposited in the Holding contract increasing the users underlying size of his/her position.

TOKEN UNION PROCESS

Token Union process works in four steps, First the user deposits Ethereum into their Token Union Account by connecting on the token union web, the user will then transfer will transfer amount from his/her old wallet to union coin and the currency will be turned into UNI tokens in their holding contact, then the UNI token will be the expended in the withdrawal fee as proportionally among all the other UNI token holders via Reward DAO process.

Conclusions

Token Union is a simple legit way to hold your cryptocurrency, the user is able to widhraw his holding from the platform at any time by paying a small transaction fee which is smaller than any other crypto holding platform. It's an innovative product with investment tracking techniques available at user disposal – please take a look at (PART 3) on how you can participate in TOKEN UNION ICO and the UNI Token economics. If the platform delivers their promise this will be a great investment and a holding platform.

References

For more information, please visit

Website: http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Facebook: https://www.facebook.com/tokenunion/
Twitter: https://twitter.com/TokenUnionIO
Telegram: https://t.me/tokenunion

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Author: maryatibtc

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