The UnionDAO management pass, known as UDAO, can be used to pay general equivalent foreclosure fees and mortgage interest, and to vote on community governance. The value of UDAO is directly related to the total value of the UnionDAO economy.
Contents:
- Brief information about dapp application UnionDAO
- Main features of the Ethereum platform
- Additional information about dapp
Brief information about dapp application UnionDAO
UnionDAO — a transparent, sustainable financial system that provides reliable, stable, mortgage and decentralized governance mechanisms.
The stable currency of UnionDAO in US dollars is UNDT (UNION DOLLAR TOKEN) and the UNDT value has the associations:
- USDT;
- PAX;
- SAI;
- USDC;
- TUSD;
- and other fixed currencies, pegged to the US dollar.
UNDT — a certificate, issued on the basis of a decentralized smart contract that pegs a basket of coins with a stable USD and is backed by 100% on-chain reserve. The value is always equal to one unit of the stable currency of the US dollar. When a user enters a unit of a system-approved dollar-stable currency, the smart contract enters the UNDT unit automatically and transfers it to the user.
Main features of the Ethereum platform
Assets are guaranteed to maintain a stable value without borders and restrictions. Open community governance, UDAO owners participate in risk-based decision, making to ensure the healthy development of the system.
Differences from other projects:
|
100% reserve |
Any issued stablecoin has equivalent assets as a reserve collateral in the contract. |
| Additional on request | Users can create a new currency when the market needs it. |
| Control | The management system regulates the issuance of collateral for each asset and the total issuance of the system. |
| Free to use | The system does not have a freezing or central arbitration mechanism, users control their assets on their own, and private key signature is the only means of transferring assets. |
All UDAO Certified Cardholders vote on issues, related to community governance, and are exercised on the principle that minority obeys majority.
The automatic forwarding function can automatically forward the received stable currency to the specified collection address, which is convenient for the exchange or acquirer to use.
Additional information about dapp
The project website has a White Paper, which describes the essence of the work and other points of the platform. There is currently no information on the availability of an audit smart contract. The community has twitter and telegram from social networks. Subscribe to stay up to date with all news.