WILMINGTON, Del.–(BUSINESS WIRE)–Unifi Protocol ($UNFI) creates the next class of blockchain, built on the principle of economic sustainability.
The Unifi Protocol claims to have solved the problems of volatility and speculation plaguing the cryptocurrency industry. Stable chain, the new blockchain announced today by Unifi, will not have its own native cryptocurrency, but will instead rely on existing stablecoins to pay for transaction costs (gas). Stablecoins are pegged to another currency, such as the US dollar, and usually do not fluctuate in price.
How does Stablechain work?
A stablecoin like the gas token removes transaction volatility and speculation from the cost of running a business using blockchain technology. Unpredictable operating costs are currently the biggest barrier to blockchain adoption.
What does Stablechain offer?
Businesses will be able to build on Stablechain with known costs and no exposure to hold volatile cryptocurrencies. All industries can benefit from these efficiencies and cut network and server costs by incorporating blockchain technology into their business models. While this was previously seen as disruptive and risky, building on Stablechain can offer a seamless transition to Web3 without customers needing to interact with any “crypto app”.
Unifi Protocol – The team behind Stablechain
Stablechain is an entirely new type of blockchain free from the constraints imposed by building a network that relies on cryptocurrency tokenomics to function. Unifi Protocol is no stranger to ground-breaking innovative blockchain solutions. Unifi is launching its fully secured UP token on the first of many blockchains, acting as one of the first low-risk, secure-return “crypto savings accounts”.
Juliun Brabon, CEO of Unifi Protocol, says: “A token-free blockchain like Stablechain will stimulate innovation across all industries more sustainably, by creating a cycle of reliability, predictability and efficiency. When businesses and users only pay for the cost of using the network, rather than acting as investors in a native token, creates the stable ecosystem necessary for innovation. I can’t wait to see what people will build on Stablechain.”
About the Unifi protocol
Unifi Protocol is a community-based organization, with the drive, passion and ability to be disruptive in the most disruptive industry of our lives. We believe blockchain technology has a crypto problem, so we want to challenge industry standards and build a more financially sustainable blockchain without creating a native currency.
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