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Lets talk about a young and very promising project UNI COIN. UNI cryptocurrency is the currency for the gaming industry. Interesting facts about the digital coin, its possibilities and methods of production. Strengths of a promising cryptocurrency.

2019-12-26

Universe (UNI) is a young and very promising project. Its goal is to develop the global gaming industry. The UNI Coin developers set themselves the task of transferring all games to this settlement system in order to minimize commissions as much as possible or completely avoid them.

About the project

UNI cryptocurrency has become a fairly large game currency. The creators see the main task in building up the infrastructure around Universe Coin, as well as in the development of new game projects and the introduction of a payment method into games. The need for a new game currency has arisen due to the massive interest of users in online games, in which it is possible to make purchases.

Game currencies have gained particular popularity in recent years. As the number of online games is constantly increasing, the demand is growing exponentially. These currencies are needed to buy any items, things, or even accounts in the game space, these include:

weapons;
artifacts;
armor;
VIP profiles, etc.
Buying game currency gives the player a lot of privileges and opens up more game functionality available only to a narrow circle of users. Thanks to the advent of in-game currency, users have the opportunity to buy not only boosters and uniforms, but also entire game accounts from each other.

The development of the gaming industry required the creation of new methods of payment for resources, and the UNI cryptocurrency fulfills this function. Its development and widespread use will help to solve the issue of financing new game projects. The users themselves are involved in the creation of gaming platforms.

Creators Chris Anthony and Steve Fambro began work on the project in 2017. Initially, the developers transferred only their games to the UNI cryptocurrency, gradually involving other developers with their projects. The creators of the project set a goal to solve several existing problems:

Limited ownership. Players risk losing all progress and purchases in the game, and they cannot be restored or converted into real money.
Fraud. This is one of the most common problems not only for games, but for the entire Internet as a whole. Analysts cite the following statistics: on average, for 1 legal purchase, there are about 7 illegal ones obtained as a result of fraudulent activities.
Mediation. Most payment systems involve a high commission and a fairly low transfer speed.
Vulnerability of deposits. Centralized platforms have the ability to freeze or withdraw all player deposits. There have been similar cases.
The developers plan to create a whole Univers industry, in which several projects have already been developed. For example, already implemented:

Universe Escrow is a trading platform;
Universe Online Wallet (UOW) - online wallet;
Kosmos is a massively multiplayer online game.


Opportunities

The Universe cryptocurrency is created on the well-known Ethereum platform. This is the so-called "classic" blockchain system that enables developers to create decentralized applications. Ethereum has several important features:

The blockchain is a transactional singleton system, that is, it exists only in one specified state, which cannot be changed.
Ethereum is a system open to every user.
The security of cryptocurrencies on the blockchain is ensured using complex mathematical algorithms, which are almost impossible to bypass or hack.
Before creating a new transaction, it is sent for verification and is added only if it is recognized as correct.
The consistency of the chain within the block and the impossibility of creating other blockchains prevents any impact on the transaction history. This means that no one can create a false transaction or modify an existing one. Such a system receives complete trust from the users, and therefore is considered secure. A high level of trust can provoke acts of fraud or even serious hacker attacks, but so far no such cases have been reported.

Universe has a number of other advantages:

The minimum commissions are ensured by reducing the number of intermediaries, in addition, the system assumes a high speed of transfers.
A legal and open market has been created in which the risks of fraud are minimized.
Possibility of earning for activity in games. You can also get rewards for interesting ideas and proposals for the project, as well as for supporting the project on the forums.
You can buy UNI-coin on several platforms:

Universe Escrow is the official marketplace from the creators of Universe. In addition to coins, you can purchase various game equipment and game-themed products on it.
Cryptocurrency exchanges. The success and demand for Uni-Coins was brought by the presence of both small and fairly large cryptocurrency exchanges. Coins can be found on vaulmex, crex24, XBTS and others.
Cold wallets are not exactly storage for cryptocurrency, but tools for interacting with the blockchain network.


How is UNI created?

UNI cryptocurrency is based on the classic blockchain system. The encryption algorithm used is Scrypt. This hash function is a more complex alternative to the well-known SHA-256. Due to the complexity of the encryption system, UNI cryptocurrency is almost impossible to mine using ASICs. The Scrypt system makes the entire UNI Coin project more secure, but at the same time slows down the data transfer.

The principle of operation of Scrypt excludes miners as such, so there is no division into people who mine cryptocurrency and those who translate it. However, mining has not completely disappeared from the Universe cryptocurrency system. It is difficult to say whether it will disappear altogether or acquire an indirect form.

The developers themselves participate in the creation of coins, so players can only purchase them on exchanges or on the companys website. There is also an opportunity to purchase UNI coins on cryptocurrency exchanges, from individuals or from brokers.

To start mining, the user needs to register his special Universe Online Wallet (UOW). The registration process is simplified and compressed as much as possible so that the user does not spend a lot of time on this procedure. It is suitable for devices with Windows, Linux, macOS, Sources systems. This wallet has its own advantages:

Facilitates the use of UNI.
Reduces the entry threshold.
Provides access to UNI for those users who cannot use a regular online wallet.
The Universe project team has created two types of applications: for PCs and for smartphones. On the latter, only the web version works. It is also planned to create a separate application for smartphones.

Yuni serves as a unit of account that forms a certain relationship between the parties. UNI Applications:

trade between players;
the creation of awards and incentives for their subsequent presentation to players who occupy leading positions in any events or competitions;
creating a base of privileges: using the circulation of coins, you can indicate the status of players and the relationship between them;
creating your own virtual goods store.
The Universe team has successfully implemented all these possibilities. Thus, Unis cryptocurrency has become a kind of connecting link between the Universe games and the players.

Is UNI COIN endless?

According to official data, a total of 11,200,000 Universe coins were created, of which 1,000,000 belong to the developers. It is known that 2 million UNI was spent on marketing purposes and on incentives. Analysts provided data on some areas, Universe allocated part of the funds:

Reserved coins for the games "Queue" and "Dark Abyss of the Universe": 3,500,000 UNI;
Coins reserve for promotions, tournaments and promotions in future games: 3,500,000 UNI.
Some of the coins belong to investors - 1,000,000 UNI (sales on the exchange from March to June 2017). All figures are still formal. The exact information on whether there are persons in whose hands a large package of coins is concentrated has not yet been provided. It is also not well known whether there is a “wholesale” sale of coins in one hand.

It is impossible to say unequivocally whether or not it is worth investing in UNI. It should only be noted that the exchange rate directly depends on how many game projects it participates in. This system is built mainly on trust relationships, so that the exchange rate will also depend on the number of players deposits. Since the gaming industry is expanding rapidly, investing resources in it can be quite a rational decision.

Strengths

The development of the Universe project opens up new game horizons for both developers and players. The introduction of this cryptocurrency into various game projects will greatly facilitate the payment system within the game, as well as the process of converting game currency into digital money. The creators of the project have already managed to resolve some issues:

Asset monetization. Using your own tokens as an equivalent to the goods and services provided.
Creating a decentralized, reliable marketplace for the sale of in-game goods (from simple items to VIP subscriptions and curiosities).
Creation of storage for content and payment channels.
Transparency of transactions, commissions, impossibility of refunds, convenient wallet, effective protection from fraudsters. The result was an increased interest in purchases from users.
Supporting users by improving the quality of the application.
In addition, the developers decided to create their own token, which has the following advantages:

Creates a trusting relationship between the player and the platform.
Allows you to fully control the entire turnover of funds within the project.
Formation of the evidence base, which allows you to provide complete reporting on transfers and transactions, guaranteeing the complete accuracy of information.
The creation of the UNI Coin token and the transfer of Universe-controlled games to work was a huge step towards a new, more advanced level of work.

Such solutions make UNI coin a popular currency for use, many players have already been able to appreciate all its advantages. Considering all the advantages, investing in this cryptocurrency is becoming quite promising.

Uni Coin in TOP currencies

The market cap of UNI Coin for 2019 is $ 684,241, with 3,493,001 coins currently in circulation. The results achieved are not very great compared to the Enjin Coin cryptocurrency, for example. However, this project is still relatively young, it is in the top 50 leading cryptocurrencies on Invest Rating.

Despite the small amount of capitalization, the Universe team has entered into several serious contracts in recent years, which shows possible prospects:

Yuni took part in the launch of the World of Warcraft 3.3.5a game server, on the Unigames game site. The server has Universe integration and a marketplace.
Launch of servers for popular games CS: GO, CS 1.6, GTA: SA, MineCra, also with Universe integration and a trading platform.
In the rating of cryptocurrencies on the Invest Rating portal, UNI Coin is now in 39th place. The cryptocurrency rate is stable, which makes investments in it quite promising. The competition is great, but Universe has every chance not only to hold its position, but also to rise several points higher.