Uniqly Price (UNIQ)

What Is Uniqly (UNIQ)?

Uniqly (UNIQ) is a marketplace and escrow for non-fungible tokens (NFTs), with the possibility of materializing them in the real world. Uniqly does this by enabling users to design their own unique items of clothing, such as hoodies and t-shirts, and mint them as an NFT. Uniqly and its partner companies manufacture and ship the clothing, which can be created by influencers, celebrities, or just people. Each product that is created on the platform is associated with an NFT that represents its real-world value. The clothing is imprinted with QR codes that link to each item’s NFT, providing indisputable proof of its authenticity and owner. Uniqly views the global apparel market as its target, as its solution can be a useful way for clothing brands to combat the circulation of counterfeit items.

Who Are the Founders of Uniqly?

Uniqly (UNIQ) was founded by Krzysztof Perdek, a Polish entrepreneur with five years of experience in strategy, partnerships and innovation in financial services, blockchain and other technologies. He is supported by Mateusz Bosek, chief technical officer (CTO) and co-founder, who has more than nine years of experience in creating startups, enterprise environments and building large-scale applications in the fintech industry for banks like HSBC. Other key members include Mateusz Kara, chief legal officer (CLO), who has expertise in cryptocurrencies and fintech, and Hubert Dolata, head of marketing.

What Makes Uniqly Unique?

Uniqly (UNIQ)’s key product is its item generator, a multi-functional tool for creating original clothing and accessory designs. With the generator, users can create unique apparel, ranging from t-shirts and sweatshirts to hats and masks. For instance, if an influencer wanted to create their own line of clothing, they could do so with the generator and the design would then be manufactured by one of Uniqly’s partner companies. Fans could then purchase the NFT that is attached to the clothing. On Uniqly, when a user wants to physically receive a real-world item, the corresponding NFT is burned so that the token cannot be reused.

Uniqly also offers an escrow service, through which users can send clothing to Uniqly as a trusted third party and receive an NFT in exchange that can then be traded or leveraged for financial use on its NFTfi platform. On this marketplace, users can trade NFTs that are backed by real-world items, essentially allowing them to trade parts of a brand. Another service offered by Uniqly is NFT token materialization, through which users can receive NFT art in three-dimensional form: either as a high-quality print representing the NFT or as a canvas print. Each materialized item comes with a QR code that confirms the provenance of the item.

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How Many Uniqly (UNIQ) Coins Are There in Circulation?

The total supply of Uniqly (UNIQ) is 13 million. The token distribution is as follows:

• Advisors: 3%
• Partnerships: 5%, 30% on Token Generation Event (TGE) and 14% each following month
• Uniswap: 4%
• Strategic development: 7%, 20% on TGE and 14% each following month
• Team: 8%, 10% on TGE and 8% each following month
• Marketing: 10%, 40% on TGE and 30% each following month
• Presale: 63%, 20% on TGE and 4% each following week

The UNIQ token enables holders to:

• pay lower commissions when using the Uniqly platform
• receive special discounts on products and services
• Receive rewards for staking UNIQ
• Promote and highlight auctions of apparel

15% of all net profits are used for buyback and burn incentives, with another 15% of net profits spent on special rewards for token holders. Uniqly raised a total of $1.958 million through several private sales and public sales, before listing on Uniswap at an initial price of $0.40. 7% of raised Ether (ETH) are automatically locked and serve as a liquidity pool for one year.

How Is the Uniqly Network Secured?

Uniqly (UNIQ) is built on Ethereum (ETH) and the UNIQ token is an ERC-20 token, which is the token standard that most new tokens use for publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains out there and transitioned in late 2022 from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). A set of decentralized nodes validates all transactions and secures the Ethereum blockchain.

Can Uniqly reach $1?

Given that Uniqly (UNIQ) is trading around $0.60 at the time of writing, reaching $1 would require an 80% increase in the price. This will depend on how successfully Uniqly is in attracting customers to its marketplace, as well on trends in the wider cryptocurrency market.

Where Can You Buy Uniqly (UNIQ)?

Uniqly (UNIQ) is available on Uniswap V2. You can find other exchanges listed on CMC’s crypto exchange rankings.