How UWIM is Making Blockchain Accessible to End-Issuers -Breaking
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Tokenization in the Future: UWIM Making Blockchain Accessible for End-Issuers- UWIM makes it easy to create tokens for end-issuers, without additional development and audits.
- UWIM’s product mechanics utilize lots of token types and standards to satisfy end-users.
- UWIM is set to hold an IDO in Q1 – early Q2 2022.
Blockchain’s mass adoption is a topic that has remained on the agenda for the past several years. While plenty of projects are trying to lower the entry barriers for non-crypto users, there’s still a giant gap between blockchain architecture and potential token issuers.
And, in order to deploy a smart contract on the network it requires advanced skills. Other essential steps, such as audits and DEX listing, can cause problems with the issuing mechanism.
These are some of the major issues that tokenization presents. Potential token issuers in off-chain communities can be isolated when they first take steps to launching an onto-chain project.
As a trend, tokenization is also one that has developed over time. Tokenization is becoming a popular option for potential issuers from startups and individuals to large corporations and VCs.
Token issuing can now be done using blockchain. UWIM chose to use both business and technological methods to close the gap between tokenization, end-issuers and issuers to make it possible to emit no-hurdle tokens.
UWIM’s main goal is to provide a simple user-friendly flow that allows anyone to launch tokens. With the combination of a user-friendly UI and technological elements, token generation is now possible for end-issuers without any additional development or audits. The heart of this solution is the so-called “Smart Token” – a constructor with a large number of preset parameters that helps the issuers create a token with no hassle.
This easy-to-start flow is suited to individuals and entities that are willing to enter the market and further organize the selling phase, no matter what they’re planning to sell: personal brand or tokenized assets. UWIM can be used to cover the needs of all types of issuesrs such as startups and influencers.
The team created the infrastructure that allows issuers in both crypto and non-crypto to tokenize assets or launch crowdfunding campaigns.
Types of Contracts and Standards
UWIM’s product mechanics utilize plenty of token types and standards to satisfy end-users, including issuers, validators, traders, and other participants, and provide them with a well-conceived experience. It’s worth mentioning the fundamental approaches behind the whole product: contract types and token standards.
There are several types of tokens available on the UWIM platform, as well as two smart contracts the team decided to use for their product. There are many personal token options that users can choose from, depending on what they need and their goals.
The personal tokens’ standards utilize a so-called Standard smart contract. NFT is the second type, which can be used to create unique tokens. Last but not least is DAO – a contract for collective decision-making with dynamic consensus.
Getting back to the token standards, UWIM currently provides token creators with five options – My, Donate, StartUp, Business, and Trade – that suit potential issuers’ goals correspondingly. The team also plans to add more GameFi options to the token standard, due in part because they see huge potential.
UWIM’s technological aspects are widely-diverse, and based on their own blockchain and modified Proof-of-Stake consensus. It was designed as a distributed network for the creation, use, and management of a great number of users’ smart contracts and DApps that co-operate within the platform.
This project takes interoperability and plans to link the UWIM native blockchain with other networks including ETH, BSC, or others through blockchain bridges.
UWIM is an open-source project that allows developers to present their own standards and solutions. It also offers the ability to place them on a market, giving potential issuers other options to use additional tokens.
UWIM is set to hold an IDO in Q1 – early Q2 2022. However, the majority of essential components of UWIM’s ecosystem have been delivered and deployed in 2021. Team members will be working on product development for this year. This includes a multichain DEX, NFT platform and token accreditation mechanism.
On several launchpads that will be revealed later, the team intends to finish the IDO by March-2022. Currently, the project has private sale options that can be found on UWIM’s website.
It’s truly exciting to witness the way the whole crypto landscape is changing. With the growing demand for tokenization trends and the emergence of projects that simplify market entry, we’re getting closer to symbiosis.
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