How it Works

• Set Up Your Wallet

  • To begin using UniChain Launchpad, users need to connect a compatible Web3 wallet that supports Unichain. Wallets like MetaMask can be configured to connect to the Unichain network. (https://docs.unichain.org/docs/getting-started/setting-up-a-wallet)

• Obtain Funds

  • To create tokens or lock liquidity, users need to have funds available on the Unichain network. These funds will be used for transaction fees and to pay for services like token creation or liquidity locks. (https://docs.unichain.org/docs/getting-started/get-funds-on-unichain)

• Token Creation

  • Using the UniChain Launchpad interface, users can specify custom parameters for their token. After configuring the details, they initiate the token creation by interacting with a smart contract via their wallet. Once the contract is executed, the token is created on the Unichain blockchain and is immediately tradable or usable in other DeFi applications.

• Locking Tokens

  • Users can choose to lock team or LP tokens by defining the duration and quantity of tokens to be locked. The locked tokens are sent to a smart contract, and their details are permanently recorded on the blockchain. These locked tokens cannot be accessed until the specified unlocking time has passed, ensuring transparency for the community and investors.

• Staking $UNIPAD

  • Users can stake their $UNIPAD tokens within the platform to earn staking rewards. This incentivizes long-term participation in the platform and helps to secure the network. Stakers may also receive governance rights to vote on critical platform decisions.

For further refinement or more details about Unichain, refer to the Unichain docs. (https://docs.unichain.org/docs)