BullPerks Announces an IDO Deal With UniBit

The introduction of the BRC20, an experimental standard for fungible tokens on the Bitcoin blockchain, has introduced a new development stage of blockchain technology. With it, Bitcoin gets a new utility and expands its reach into the realm of tokenization and decentralized finance. To contribute further to the Bitcoin blockchain development and its further integration into the extensive and ever-evolving ecosystem of decentralized finance, BullPerks is going to host an Initial DEX Offering (IDO) with UniBit, a one-of-a-kind bridge between the Bitcoin blockchain and all major EVM networks.

About UniBit

UniBit is a dual-sided bridge that connects the Bitcoin blockchain and all the major EVM networks such as Ethereum, Optimism, Avalanche, BSC, BASE, Arbitrum, Polygon, Cronos, and KAVA. It allows users to seamlessly transfer BRC20 tokens to all EVM networks and vice versa and thus unlock for Bitcoin users the world of decentralized finance that was not accessible before, unlock cross-chain liquidity, and enrich both the Bitcoin and EVM landscapes.

UniBit’s Main Features

What sets UniBit apart from other bridges is its dual-sided nature. Unlike uni-directional bridges that rely on limited liquidity pools, UniBit allows token transfers in both directions thus making token transfers more fluid. Security is another priority of UniBit with a robust minting and burning procedure. When BRC20 tokens are deposited to a bridge, they are sent to a secure address, and only after proper verification, the equivalent of tokens is minted on a selected EVM chain. When a user wants to withdraw tokens, corresponding EVM tokens are burnt, and a respective amount of BRC20 tokens are deposited back to Bitcoin. The protocol consolidates tokens from unique addresses and transfers them to a unified cold wallet. It not only enhances security but contributes to the integrity of the entire ecosystem.

Why Should You Invest in UniBit?

UniBit offers a unique functionality that would allow to unite the benefits of the Bitcoin blockchain and those of the main EVM networks. This is the only dual-sided bridge that allows users to transfer BRC20 tokens to EVM networks and vice versa thus contributing to the further Bitcoin expansion in the decentralized system ecosystem. Besides, UniBit solves such problems as limited liquidity for BRC20, lack of efficient bridging mechanisms, security issues, and high costs of using the existing bridges. Considering the importance and impact of the Bitcoin and Ethereum blockchains, UniBit is poised for further growth.

How to Join UniBit IDO on BullPerks?

Are you a newbie and have never participated in the IDO deals on BullPerks? In this comprehensive tutorial, you will find everything you need to know to activate the tier on BullPerks and start investing in deals on our platform. Here are several steps to get started:

Create a wallet

Activate your tier on BullPerks:

Buy $BLP tokens

Lock in $BLP tokens on the platform

Join the IDO deal on BullPerks

You can also stake and farm your $BLP tokens to activate your tier. Read more in this step-by-step guide to investing with BullPerks.

FAQ

How does UniBit stand out from other similar projects? UniBit is a dual-sided bridge that connects the Bitcoin blockchain with an extensive Ethereum ecosystem. With it, UniBit merges the benefits of Bitcoin and Ethereum by allowing frictionless token transfers without compromising security and avoiding excessive gas fees. Why shall I invest in UniBit? Unibit expands the utility of the Bitcoin blockchain and enhances it by connecting it to more than 10 EVM-compatible networks. Considering the impact of Bitcoin and Ethereum, and the fact that UniBit eliminates the gap between these ecosystems, the project may deliver enhanced profits to its investors. How can I participate in the UniBit IDO? On BullPerks, you can participate in theUniBit IDO. To start with, you need to register an account with us, pass KYC, and stake a certain amount of tokens. Based on the staked amount, you are assigned a tier based on which you can participate in the most promising IDO projects.

Disclaimer

This material should not be construed as a basis for making investment decisions or as a recommendation to participate in investment transactions. Trading digital assets may involve significant risks and can result in the loss of invested capital. Therefore, you must ensure that you fully understand the risk involved, consider your level of experience and investment objectives, and seek independent financial advice if necessary.

FAQ

UniBit$UIBT

Network

N/A

Launch Date

02 Apr, 2024

Total Raise

200,000 USDT

End

02 Apr, 2024

Type

IDO

Min Allocation

18 USDT

Max Allocation

1275 USDT

Vesting

20% at TGE, 16% monthly for 5 months

Token Price

0.012

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