The Digital Currency Monetary Authority (DCMA) announced international CBDC (Central Bank Digital Currency) and launched a new global currency named Unicoin- was announced during the International Monetary Fund(IMF) spring meeting in Washington DC, which they are calling a “Universal Monetary Unit” launced to transform the world economy.Portfolio companies of Unicoin are Grocery Shopii, Mymee, Vastmindz, UE Lifesciences, GeneproDX etc.
[DCMA includes central banks, fintechs, governments and exchanges].
Many countries and central banks such as European Central Bank, Bank of England, Sweden are in the investigation phase to launch their CBDCs and few have already launched. Read More
“Bahamas’s Sand Dollar was the first CBDC worldwide launched in October 2020”
Utility of Unicoin : Unicoins will be used to develop a diversified portfolio of equity positions in the numerous emerging growth companies. Coin holders will, therefore, be stakeholders of a major global fund of innovation and will receive dividends.
What is so special about Unicoin?
Unicoin is assets-backed, publicly reporting, audited and SEC-compliant, less volatile cryptocurrency, unlike other assetless cryptocurrencies of the First Wave.
It is an official cryptocurrency of Unicorn hunters whose price is determined by the market demand. Unicoin will be available on exchanges.
Why has Unicoin been built?
According to the founders Unicoin addresses the prime problem of other cryptocurrencies which is their high volatility. Due to this reason a lot of investors have lost a lot of their money. Founders claim to bring back gold standards through Unicoin. Unicoin will be less volatile and more stable. Unicoin will be funding valuable companies which are solving big issues.
What makes Unicoin unique?
According to the founders Unicoin is the combination of the properties of cryptocurrencies which worked the best like blockchains and the best properties of traditional investment plans.
How can Unicoin compete with Bitcoin?
Many investors are looking for investments and returns in the crypto market which is not provided by Bitcoin.
Claims by Founders of Unicoin:
- Unicoin can become a leading crypto brand as it is asset backed.
- Unicoin is the next generation cryptocurrency designed to be stable and profitable and it is crypto 2.O.
- Unicoin will be very demanding in future due to it’s unique features.
- The main motive to launch Unicoin is to replace current crypto.
- Unicoin will be the first crypto with monetary policy.
- Unicoin will support all the CBDCs across the globe.
- Unicoin will be as demanding as the US dollar in future.
- Unicoin will have easy accessibility.
- Dividends of Unicoin will be paid once a year either in cash or cryptocurrency.
- People can buy and sell from Unicoin.com.
Conclusion
Unicoin seems like fiat only so it will be very doubtful if this will be good for storing value. They call Bitcoin bad but introducing something which is called an alternative of Bitcoin.
It will be centralised so it is again under the control of certain people. People should think before investing and observe the growth of the market in the coming future. It will be too quick to give any judgement.
