Unit: 2021 in review.

Unit Network
3 min readDec 30, 2021

Whilst the world contended with a mutating pandemic, restrictions of liberty and air travel, and a growing, inflationary environment, within the Unit Community, we use the year of global retreat to give birth to a powerful portfolio of initiatives that spur the growth of the token economy.

We look back at an extremely successful year marked by many wonderful accomplishments. Here is a retrospective of the past year, encompassing our initiatives to set the foundations for scalable and sustainable growth of the Token Economy and the underlying Unit Network.

Unit Network & The Token Economy

Built with Parity’s Substrate framework designed for scalability and interoperability, the Unit Network has rolled out its signature features of the token treasury, token bank, wallet, and a full functioning depositing mechanism bridging wrapped assets for native currencies of other “blue chips” blockchains, incl. BTC, ETH, ADA, DOT, MATIC, BNB and SOL.

In December, Unit Network closed a total of USD 4.5 million in digital assets that were directed into the Unit Treasury, which now holds more than USD 8.5 million in digital assets to back the native asset that fuels token economy.

Key initiatives in Unit Community

With approximately 50 team members and over 300 advisors in the wings, Unit Foundation now has active representation in more than 20 cities.

  • With its flagship 6 weeks blockchain fundamentals program, Unit Masters, the team trained more than 2,000 participants from 5 different continents and in 6 cohorts.
  • With more than 15 Unit World Conferences, 1,000 hours of content for token economy were recorded and published on the Unit YouTube Channel, providing space to showcase and invaluable resources for documentation for the works of more than 350 global change makers and several thousand attendees.
  • We introduced a new standardized framework for decentralized collaboration, MOPS, to streamline and focus network activities into a scalable operating model for productive work within a decentralized autonomous and collaborative work environment.

The roadmap for 2022

Entering 2022, we look forward to furthering our mission to enable anyone, anywhere to partake and contribute to the economy of the future and benefit from the merits of an open, decentralized, and collaborative economy.

In Q1 we will launch the Unit Ventures Launchpad program to support token projects to grow their businesses successfully in Unit Ecosystem, the Unit News Initiative for coverage of new developments within the Unit Community & Token Economy, and the Unit University.

The product roadmap includes the launch of the Unit Network DEX, a decentralized exchange (AMM) that provides liquidity to the tokens issued on Unit Network. In addition, we are shortly releasing staking and vaults (decentralized borrowing against UNIT collateral) for users to tap into capital market efficiency tools.

Next to the launch of 50 city and 50 industry tokens, we will also continue to expand our geographical footprint and contribute to building educational resources for beginners to onboard the token economy.

Thank you and happy New Year!

The Unit team is thrilled to have you on this journey in a shared commitment to a world of equitability, where all people have the opportunity to realise their dreams, aspirations and human potential, by participation in, and co-creating the token economy. We would not be here without you, and we hope to meet again at the major crypto conferences.

If you want to participate in our initiatives and learn more about the Token Economy, please sign up for the upcoming Unit Masters Cohort 8. (www.unitmasters.org)

--

--