Crypto Unicorns

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Discover Crypto Unicorns's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Crypto Unicorns?

Crypto Unicorns (CU) is a cryptocurrency token that serves as the primary value token in the Unicorn multiverse. It is used for various activities within the ecosystem, including governance, liquidity providing, breeding and evolving unicorns, minting rituals, purchasing in-game items, and participating in games and events. CU is the economic engine driving the health of the game and supports community participation in the shared economy.

How is Crypto Unicorns used?

Crypto Unicorns Token ($CU) is the primary value token in the Crypto Unicorns ecosystem. It serves several purposes within the game:

  • Governance: $CU can be staked to receive sCU, which is used to vote on governance proposals that shape the future of the DAO. Staked $CU also generates rewards in the form of $CU.
  • Liquidity Providing: $CU can be paired with ETH and staked to earn rewards in $CU, XAI, and other tokens.
  • Breeding and Evolution: $CU is required to breed or evolve unicorns within the core game.
  • Rituals: $CU is used to mint rituals that can be used to produce minions and increase shadowcorn prestige.
  • In-Game Marketplace: $CU can be used to purchase seedbags, materials, boosters, and berries from the in-game marketplace.
  • Unicorn Party Games: $CU is used to participate in various party games like bumpercorns, mob run, trivia, and bingo.
  • Rainbow Rumble Tournaments: $CU is used to participate in Rainbow Rumble tournaments and events.
  • Crafting: $CU is used to craft items through the in-game workshop.
  • Opponent Selection: $CU can be used to reroll opponents in Twilight Tactics to ensure a good matchup.
  • Quests: $CU is used as an entry cost for in-game quests.
  • Codices: $CU can be used to purchase codices in-game, which are used to craft gems.

These uses make $CU the economic engine that drives the health of the game and supports the community's ongoing participation in the shared economy.

How do I store Crypto Unicorns?

To store Crypto Unicorns (CU) tokens, you need to set up a digital wallet that supports the Arbitrum One network. Here are the steps to follow:

  1. Add Arbitrum One Network to Your Metamask Wallet:

    • Open your Metamask extension and click on the network button.
    • Click the "Add network" button and enter the details for Arbitrum One.
  2. Import CU Tokens:

    • Go to the "Tokens" tab in your Metamask wallet.
    • Click "Import Tokens" and add the CU token.
  3. Store Your CU Tokens:

  • Once you have added the Arbitrum One network and imported the CU token, you can store your CU tokens in your Metamask wallet.

This setup allows you to manage and store your CU tokens securely on the Arbitrum One network.

How to buy Crypto Unicorns?

To buy Crypto Unicorns (CU) tokens, follow these steps:

  1. Decide where to buy Crypto Unicorns: Choose a reliable cryptocurrency exchange that supports CU, such as CoinEx or MEXC. Ensure the exchange accepts customers from your country and offers the features you need, like spot markets, margin trading, and futures.

  2. Create a free account: Register on the chosen exchange by providing personal information, including your name and email address. You may need to complete Know Your Customer (KYC) verification to increase withdrawal limits and access additional features.

  3. Set your investment budget: Determine how much you want to invest in CU tokens.

  1. Research your Crypto Unicorns investment: Learn about CU's uses, such as governance, liquidity providing, and in-game activities, to make an informed investment decision.

  2. Place Crypto Unicorns buy order: Decide whether to use a Market or Limit order. Market orders execute the purchase immediately at the current market price, while Limit orders allow you to set a specific price.

  3. Store your Crypto Unicorns: Once purchased, store your CU tokens securely in a digital wallet or on the exchange, depending on your storage preferences.

  1. Keep track of your Crypto Unicorns investment performance: Monitor the market performance of your CU tokens to make informed decisions about your investment.
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History of Crypto Unicorns

Crypto Unicorns (CU) is the primary value token of the Unicorn multiverse. It replaced the Rainbow Token (RBW) when Crypto Unicorns migrated from the Polygon blockchain to XAI, an orbit chain on the Arbitrum network. The CU token has a 10:1 value compared to the RBW token, becoming the new token of the Unicorn multiverse.

The token is designed to be the economic engine driving the health of the game and supporting the community's ongoing participation in the shared economy. CU holders can utilize the tokens in various ways, including governance, liquidity providing, breeding and evolving unicorns, minting rituals, purchasing supplies, participating in unicorn party games, and more.

The Crypto Unicorns ecosystem is supported by two ERC-20 cryptocurrency tokens on Polygon: Crypto Unicorns Token (CU) and Unicorn Milk (UNIM). CU is the governance token for the Unicorn DAO, allowing holders to make decisions about gameplay and the ecosystem, while UNIM is primarily used for breeding, hatching, and evolving new unicorns.

The primary gameplay in Crypto Unicorns revolves around blockchain-based farms where players breed, collect, and battle with their unicorns. Players purchase NFTs of digital land plots and assemble them to create their own unique kingdom inside the game. They can use their unicorns to enhance the efficiency of their farm by having them gather, craft, harvest, and go on quests.

Crypto Unicorns began as a collection of 10,000 NFTs in the form of eggs that could be hatched into the first generation of unicorns on the Polygon blockchain. The game is currently undergoing a migration to the XAI blockchain, which includes a play-to-airdrop campaign that will commence with Season 1 once the migration is complete.

Overall, Crypto Unicorns aims to create a community-run game economy, moving away from the extractive nature of Free-2-Play models. The project envisions building a digital nation in tandem with its player community, inspired by popular brands like Super Mario, Pokémon, and Zelda.

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How Crypto Unicorns works

Crypto Unicorns (CU) is a cryptocurrency project that operates within a unique economic simulator game. The game is built around several core loops, including breeding unicorns, farming berries, crafting items, gathering materials, and buying and selling resources. Each of these loops relies on the others, making it difficult to specialize in just one area.

Tokenomics

Crypto Unicorns uses a two-token model:

  1. RBW (Rainbow Token): This is the fixed supply governance token, which has been replaced by CU on the XAI network. CU has a value 10 times that of RBW.
  2. UNIM (In-Game Token): This is the variable supply in-game token, used for various activities within the game.
Gameplay and Economy
  • Breeding Unicorns: Unicorns are used for various activities and have different classes. Matching a unicorn's class to the land it works on provides bonuses. Unicorns have limited energy, which replenishes every 24 hours or can be replenished with berries.
  • Farming Berries: Berries are used in crafting and can be farmed on digital land plots. Farms can be leveled up to increase berry output and speed.
  • Crafting Items: Crafting requires berries, UNIM, and other materials. Items can be sold on the marketplace.
  • Gathering Materials: Gathering requires unicorns and provides materials for crafting.
  • Buying and Selling Resources: Resources can be bought and sold on the marketplace, with sales taking 8 hours and requiring unicorn energy.
Staking and Governance
  • Staking: Holders can lock up their CU tokens to participate in governance proposals and earn rewards in CU. The staking protocol allows users to accumulate more voting power over time.
  • Governance: CU holders can vote on proposals that shape the future of the game, ensuring community involvement in decision-making.
Security
  • Multi-Sig Wallet Treasury: Funds are secured by a Gnosis multi-sig wallet, requiring 5 of 8 signatures to execute transactions. This protects the project from hacks and malicious team members.
Additional Features
  • Marketplace: Players can buy and sell items instantly with CU, but selling requires unicorns and takes 8 hours.
  • Rituals and Minions: CU is used to mint rituals, which produce minions and increase shadowcorn prestige.
  • Unicorn Party Games: CU is used to participate in various party games.
  • Rainbow Rumble Tournaments: CU is used to participate in tournaments and events.

Overall, Crypto Unicorns offers a complex economic simulator with various gameplay loops, a two-token model, and a strong focus on community governance and participation.

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Crypto Unicorns's strengths

The token Crypto Unicorns (CU) has several strengths:

  1. Governance: CU can be staked to receive sCU, which can be used to vote on governance proposals that shape the future of the DAO. Staked CU also generates rewards in the form of CU.

  2. Liquidity Providing: CU can be paired with ETH and staked to earn CU, XAI, and other rewards.

  3. In-Game Usage: CU is required for various in-game activities such as breeding or evolving unicorns, minting rituals, purchasing supplies, participating in Unicorn Party games, and crafting items.

  1. Security: The CU treasury is secured by an industry-standard Gnosis multi-sig wallet, requiring five of eight signatures to execute transactions, ensuring protection against hacks and malicious team members.

  2. Flexibility: CU has a wide range of uses within the Crypto Unicorns ecosystem, making it a versatile token for holders.

These strengths contribute to the overall value and utility of the CU token within the Crypto Unicorns project.

Crypto Unicorns's risks

Crypto Unicorns (CU) is a cryptocurrency token that operates within a blockchain-based gaming ecosystem. While it offers various uses and benefits, there are several financial risks associated with investing in CU:

  1. Volatility: The value of CU can fluctuate significantly and rapidly, similar to other cryptocurrencies. This means that the value of an investment can drop dramatically, and there is no guarantee that it will recover.

  2. Lack of Government Backing: Unlike traditional currencies, CU is not backed by any government or central bank, which means that there are no guarantees or protections for investors.

  3. Security Risks: Online wallets holding CU are not insured by the government, making them vulnerable to hacking and other security breaches.

  1. Regulatory Uncertainty: The regulatory environment for cryptocurrencies is still evolving and can be subject to changes, which may impact the value and usability of CU.

  2. Inflation: The tokenomics of CU involve a significant inflation rate, which can dilute the value of existing tokens over time. This inflation can be a concern for long-term holders of the token.

  3. Market Liquidity: The liquidity of CU in the market can be limited, making it difficult to buy or sell the token quickly and at a favorable price.

  1. Scams and Fraud: The cryptocurrency space is prone to scams and fraudulent activities. Investors must be cautious of fake reviews, promises of guaranteed returns, and other red flags that may indicate a scam.

  2. Project Risks: The success of CU is tied to the success of the Crypto Unicorns project, which faces risks related to its operation, technology, and legal environment. If the project fails, the value of CU could drop significantly.

  3. Governance and Control: The management of the CU treasury and the decision-making process within the DAO can be complex and may lead to conflicts or mismanagement, which could negatively impact the token's value.

  1. Market Sentiment: The value of CU can be influenced by market sentiment and speculation, which can lead to sudden changes in value.

Investors should carefully consider these risks and thoroughly research the project before making any investment decisions.

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Did Crypto Unicorns raise funds?

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Crypto Unicorns’s team

  • Aron Beierschmitt: Co-founder and CEO, with 10+ years of games experience and actively investing in crypto since 2017.
  • Steven Garcia: Co-founder and CTO, with 10+ years of games experience on the developer side as well as tech and tools.
  • Brian Akaka: CMO, with 15 years in games and 5 months as a Pudgy Penguin.
  • Chris Bourdon: COO, with 15 years at Apple leading product marketing for macOS and CEO of Upthere, sold to Western Digital.
  • Rob Sampson: Technical Director, with 10+ years of games experience and 3+ years of blockchain experience.
  • Beau Bateman: Art Director, with 8+ years of games experience.
  • Jeff Witt: Design Director, with 10+ years of F2P game design experience.
  • Dale Best: Studio Director, Laguna Games JHB, with 15 years of games experience.
  • Ria Lu: Studio Director, Laguna Games MNL, with 15 years of games experience.
  • Jon Edwards: Client Lead, with 20+ years of software development experience, mostly in gaming.
  • Andy Revak: Server Lead, with 7 years of development experience in gaming.
  • Michael Williams: Senior Server Engineer, with 9+ years of software development experience.
  • Trevor Lanz: Senior Client Engineer, with 20+ years of game development experience.
  • Mitch: Marketing strategist and lead of the in-game LG tribe, known for his lively intros and marketing updates.

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