Bunicorn Price (BUNI)

What Is Bunicorn (BUNI)?

Bunicorn is an automated market-maker (AMM) and decentralized exchange (DEX) built on the Binance Smart Chain (BSC) that was launched in July 2021 with a unique combination of flexible Balancer AMM-style pools for BEP-20 tokens and stablecoin AMM pools.

In addition to being a DEX, Bunicorn offers yield farming that issues vesting rewards as non-fungible token (NFT) collectibles. The project refers to itself as “an intense DeFi Game platform that elevates DeFi and blockchain gaming experience to the next level.”

Who Are the Founders of Bunicorn?

Phuc Nguyen is the co-founder and CEO of Bunicorn. He was a winner of the Google Summer of Code Samsung Smart App Challenge and has served as the CTO of a CEX under Bitmex's portfolio.

The CTO, An Nguyen has experience as the lead engineer at DeNA, one of the top gaming giants in Japan. After that, he worked as the CTO of SotaTek, the leading blockchain hub in Vietnam.

Vincent Vu, the Bunicorn game designer, has over 11 years of designing experience in the gaming industry. He was involved in the development of Scopely in WWE Champions, worked with Vietnamese Noble Games, and created Impostor Solo Kill which had more than 30 million downloads within 3 months.

What Makes Bunicorn Unique?

Bunicorn is more than just an NFT platform or blockchain game.

As a DEX, Bunicorn supports both flexible pools with up to 8 tokens of any weight and stable pools with super low slippage and high capital efficiency for stablecoins.

Bunicorn solves the problem of impermanent loss that plagues AMMs by using flexible AMM pools with a customizable number of assets and weights within a pool.

Like most decentralized AMMs, Bunicorn eliminates third-party or centralized oracle risks. However, things get better with their amplified pools. These pools allow the swapping of stablecoins with lower slippage and higher capital efficiency.

Related Pages:

To learn more about Binance Smart Chain in our deep dive here.

To find out what an Automated Market Maker (AMM) is and how they work here.

To learn more about decentralized exchanges (DEX), click here.

Learn what Liquidity Token Provider Tokens are.

Visit CoinMarketCap Alexandria to learn everything you need to know about cryptocurrency and more.

How Many Bunicorn (BUNI) Coins Are There in Circulation?

The native token of Bunicorn, BUNI is currently being issued via an initial coin offering (ICO). The ongoing public sale will see 6,666,666 BUNI tokens allocated.

There will be a total of 1 billion BUNI tokens distributed as follows: 24.43% reserved for the Foundation (locked for 3 months after launch, then unlocked over 48 months); 24% for the Bunicorn Ecosystem (locked for 1 month, then unlocked over 48 months); 20% reserved for liquidity mining (to be unlocked over 48 months); 14% reserved for the operation of the network; 7.5% issued during a private sale; 5.9% reserved for the development team; 3.5% reserved for marketing & listing; 0.67% issued as a public IDO sale.

How Is the Bunicorn Network Secured?

The community plays an important part in the governance of Bunicorn through liquidity mining. The governance token BUNI, is given as staking rewards to members of the Bunicorn Network who stake their tokens.

Staking can either be done using BUNI, via the first BUNI pool or BPT (Buni Pool Token). Individuals who provide liquidity to an AMM pool earn BPT instead of BUNI.

To prevent liquidity providers from dumping the token, Bunicorn has introduced a new liquidity mining model where farming rewards are wrapped up (VBUNI) into NFT collectibles. Users can either wait for a vesting period to use their NFTs to convert VBUNI into the actual BUNI tokens or auction them in well-known NFT marketplaces.

The project also successfully passed smart contract audits by Hacken.io, and it is secured by Certik and Immunefi.

Where Can You Buy Bunicorn (BUNI)?

The initial coin offering of BUNI is currently ongoing, and the token is being sold for $0.030000. You can buy BUNI in its ongoing ICO launch at Poolz using BNB and on Red Kite using BUSD.

BUNI tokens are currently available for trading on PancakeSwap (V2), Bunicorn, MEXC and Hotbit.

You can keep up with the latest news on the Bunicorn ICO Launch.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, BUNI or any other token. Check out the details here.