September 4th
#币安ALPHA Airdrop Three
#UNION #U Union is a leading zero-knowledge (ZK) interoperability Layer 1 blockchain, focusing on providing efficient settlement and liquidity support for protocol and asset issuers.
The project employs advanced zero-knowledge encryption and BLS signature technology to achieve fast and secure cross-chain communication, supporting general messaging, asset transfers, NFTs, and DeFi operations without relying on trusted third parties, oracles, multi-signatures, or secure multi-party computation (MPC).
Union is based on the IBC (Inter-Blockchain Communication) protocol, connecting Appchains, Layer 1, and Layer 2 networks, aiming to build a ZK-driven Proof-of-Stake (PoS) blockchain to address blockchain fragmentation issues, providing sub-second messaging and chain abstraction capabilities.
Token Economics
Total Supply: 10 billion
Initial Circulating Supply: 19.19%
Community and Ecosystem Allocation: 11.19%
Notably, the team's tokens will be locked for one year to ensure long-term development.
Initial total of 10 billion tokens, initial circulation of 19.19%,
of which: 11.19% goes to community and ecosystem funds
8% allocated to the Union Foundation
Annual inflation rate is 6%, decreasing by 10% each year, eventually approaching 2%
The core team and strategic investors will have a 1-year cliff for their lock-up, after which it will be released linearly, with staking rewards also locked up simultaneously, which deserves a good review.
From the token allocation perspective, nearly 60% of the supply is allocated to users, developers, network operators, and governance participants. The logic is clear-headed, which is rare in today's market.