/biz/ - Business & Finance

Union could go WELL above $1. $5. A few billion marketcap for something that fixes major issues in the space will be nothing, as you all now hopefully see.

I will be giving you a daily reminder that we need UNN like we needed LINK. Product update 2-5 proves UNN's C-Op could and very well should go well beyond a $1B market-cap. Of all the garbage that's "the next LINK style gains", this one could actually fit the bill. This is something we actually need. If LINK is every coins "needs LINK to work" then UNN is De-Fi's "needs UNION to be safe".

Union is Chainlink for De-Fi, insurance, and risk management.

C-Op 2 : https://medium.com/union-finance-updates-ideas/product-update-issue-2-by-the-numbers-economic-advantages-of-c-op-c602af18d7ac

C-Op 1 : https://medium.com/union-finance-updates-ideas/union-product-diaries-collateral-optimization-c-op-b743b3c7188e

>You read that right. We are building decentralized option primitives, which have risk and financial applications far beyond DeFi Protection, to increase capital efficiency.

>Insurance we actually need. Demand will soon outpace supply.

>Dr. Michael Zargham

>"Total" bundled protection that covers more than just smart contracts, eg: layer 1+ flash loan exploitation. Optimized capital utilization in lending collateral, IL hedges, gas cost hedges etc.

>For purposes of latter protection bucket, they're building a decentralized lending protocol that will take decentralized options as a collateral, bringing TradFi capital efficiency into DeFi. This is a first / opens up market not just in protection, but lending

Setup is KYC-free. No wrapped tokens required. An important item on their roadmap is secondary market for protection exchange. (e.g think of Munich Reinsurance).

Enter before whales price you out for good.

>>28662305
$2-$5 EOY

shut up
this is no different to all the other protocols out there

>>28662390
I doubt we stay above $1 EOY, but it wouldn't surprise me in these conditions. I think we make a run for it and get close, but a 50x in one year, sustainably, is tough. Look at Chainlink. Took nearly 3 years to crack a 25x.

That said, this bull is fucking nuts so I'd probably just laugh and sell some above $2 if it happens.

>>28662564
That's where you're wrong. First mover for a lot of things.

>>28662266
What should I do Union Chad?

>>28662634
Kind of a magical photo. I have absolutely no doubt major brainlets will avoid looking into this until well over $1, and inevitably be forced to use it, pushing the price up to god-like levels.

This is really the best timeline, you know.

>>28662845
All already-mooned shitcoins should be shoveled into UNN until 25 cents.

>>28662909
How much are you holding?

>>28662266
why would i do this when reef exist?

>>28663058
Because Reef doesn't have the backing, and is a CZ scamcoin.

>>28663008
more than 10M.

AVAX AMA gonna keep interest alive until main net.

STOP FUCKING UP AND GET IN ON DIPS.

Can't wait till I get to summon this faggot from the ether and make him literally eat shit

>>28662266
Project looks good.
On an unrelated noteI really hate websites ending in .finance
I get its finance related, but what the fuck else can be used instead of that?
Just seems so gay.

>>28663831
Yeah. I'm sure this will change. I think a contract name change to simply UNION (and logo change) would meme this into reality. LINK did it. REN did it.

they should do it post main net.

>>28662266
What wallet you using to store this?

>>28664310
I bought from uniswap so I used the metamask wallet.

Was considering going in yesterday and even shilled to test waters. Im going in monday anon. Hopefully its not too high then

>>28664310
fuck off SEC. (kek)

This is about to explode.
>>28664432
You may very well get another light down-turn to $0.043 or so. If you do, suck up as much as you can.

I'm so excited for you all.

>>28663715
PAY ATTENTION TO ME. DOES NOBODY ELSE WANT WITNESS A SHIT EATING LIVE STREAM?? AAAAAAA

Been holding since December. Iron Hands.

>>28665232
We do. Eat it. then send it.

>>28665245
based. 250k is the suicide stack btw. accumulate.

>>28664830
man i'm still deciding between REEF or UNN.

>>28665868
Bro REEF is a binance garbage coin. It's pumped to hell.

By the time shit hits binance you're at the mercy of whales. With Union, you can be the whale before Binance.

is staking worth it for someone with 125k? or should i accumulate more first?

>>28665990
Make sense.

What about PPAY?

I did my research and all 3 seems legit. Just a matter of what's the best move atm

>>28662266
Where to buy UNN it isnt on binance halp a new fren pls

>>28666130
Uniswap

>>28665336
200k is the make it stack

>>28666130

Get metamask, buy eth, swap it for UNN on uniswap


Ontopic: What about $PAID?

isnt it the same? And it’s succesful already..

>>28666092
Avoid PeePee coin.

UNION IS IT. It's all you need.

>>28666453
PAID is like 60x Private sale.

STOP MAKING TWITTERFAGS RICH. Sell TO them when they finally get it in March - April

>>28665868
If it was 3 weeks ago Reef would have been a much better play than it is now. Now you can only get in pre-pump with UNN though.

>>28666975
Reef was always a garbage gamble. Whales just took to it. Could have done what ONE did and bleed 90%.

Union is the chosen one.

>>28662266
op the team doesn't give me the warm and fuzzies but the backers kind of make up for it. can you sell me on the team?

the coin is fucking backed by sam bankman fried for fuck saked. alameda god damn research. just look at who they are invested in. you have the guy who made blockfolio and ftx behind this and alameda research is partnerd with ren. start putting 2 and 2 together you fucks. this project is as big as can be.

sincerely.

500,000 UNN holder
10,000 OPENDAO holder.

both locked in cold storage.

I'm stacking in AMP right now, I can't choose between the two. Do you guys think UNN has more short term potential?

>>28667246
anything that jew touches is gold. jews aren't known for being poor...

>>28667272
Yes. Look at how hard AMP just ran. AMP is great, but UNN hasn't even gone on a run yet.

>>28667272
I want to disevisify into AMP, UNN, openDAO, and PNK
while stacking eth and algo on the side of course

>>28667143
Zargham. That's all you need to know. Vitalik level autist.

>>28667471
nice portfolio.

I'm in eth, UNN, OPEN and also have some more short-mid-term plays with FMTA (less than 1 million marketcap amazing project - recommend) and STBZ (great project as well.)

holding UNN and OPEN long term though.

What worries me with UNN is that it might suffer from the same disinterest as PNK, another very smart (but not necessarily sexy) project. What's the elevator pitch for this, in other words, and why would it see mass adoption, at least outside of arcane crypto circles. These are legitimate questions, btw... not trying to FUD.

>>28668389
maybe it will be like link. or ren.

ignored by only those who understood it until it was too late. by then the fomo was unstoppable.

>>28668389
>he thinks PNK is dead

Man, I just....cannot with you noobs.

The "elevator pitch" for Union is that it literally fixes what needs to be fixed, backed by Alameda and 28 big brain coders, 9 hedge funds (so far) in a new frontier of finance.

>>28668389
what massive crypto VCs back pnk? oh none you say? thats what i thought

>>28667246
>the coin is fucking backed by sam bankman fried for fuck saked. alameda god damn research

link/source?

>>28668548
Where did I say pnk is dead? I bought into pnk a long time ago and still hold, but it's been a long ride. I'm asking, before dipping into this, whether it's going to be a similarly long hold or whether I can expect a more rapid progression or mainstream adoption. And your elevator pitch is shit. Would not smell farts.

>>28668860
It's on their site, anon, right under "early supporters."

>>28668860
literally alameda research.

sbf alameda on twitter.

the fund is named after him lol. just look up alameda research. just invested into rook. partnered with REN. these folks are literally making DeFi before our eyes and UNN is one of their top investments.

>>28668548
>The "elevator pitch" for Union is that it literally fixes what needs to be fixed
what needs to be fixed? i hold union but that sounds like something a pajeet would say

>>28663661
>backed by avalanche

incredibly bearish

>>28669099
Isn’t rook a scam

was going to buy this last year but they failed their ico launch 4 times in a row and i decided if they're too incompetent to launch a presale properly then they're too incompetent to accomplish their goals. also the dev has been involved in previously hacked projects and the telegram is the most unprofessional shithole i've ever seen in crypto. shill it all you want, the idea is good, but UNN is trash

>>28666766
>PAID is like 60x Private sale.
what about unn?

>>28669211
>was going to buy this last year but they failed their ico launch 4 times in a row and i decided if they're too incompetent to launch a presale properly then they're too incompetent to accomplish their goals. also the dev has been involved in previously hacked projects and the telegram is the most unprofessional shithole i've ever seen in crypto. shill it all you want, the idea is good, but UNN is trash

Yea you basically covered everything for me. This is why I haven't touched it as well. Too many red flags even though the C-OPs if successful would be game changing for DEFI.

>>28669000
rich jews getting heaps of tokens for a fraction of the initial price in exchange for cash doesn't mean a lot necessarily desu

Is there anyway to buy this without getting raped by gas fees?

Anyway to buy this without getting raped by gas fees?

>>28669181
not sure if you're fudding here or just a dumbass.

>>28668569
man it was the same shit with AAVE. this is brainlet tier thinking.

>>28669099
this

>>28669144
FUCK are you this dense?

>>28669172
retard

>>28669211
this was a BLESSSING!

you guys are dumb as fucking rocks

>>28669452
>>28669518
No.

It's the cost of entry. Don't fuck with Bitmax. Spread is terrible.

>>28669452
>>28669518
this

>>28669752
Whining about $125 in gas when something is about to go parabolic is comical.

Eat it or skip it. No bitching. Cost of doing business.

>>28669752
gas fees are your cost for being early. >>28669452
>>28669518

i sold half my ersdl for this, should i sell the rest?

UNION is already well on its way in melding financial instruments with DeFi, as laid out in our whitepaper. This includes credit default swaps (CDS) for measuring event risk and non-linear outcomes — a concept imbued into C-OP and a vital part of calculating downside volatility risk for protection pools underwriting smart contract risk.

The long short of a credit default swap basically means that if you want to lend tokens and you don't think who you're lending to is AAA super trustworthy you could instead lend the money to an insurance provider, unn in this case, and then have them invest into what you originally wanted to and have them take on the risk but at a cost.

So say you loan out a million DAI and can you get a 10% return on that million DAI. Well you can give up one or 2% of that return and sacrifice it to UNN and have them take on the risk. Of course it won't be as cut-and-dry as this because everything with smart contracts is determined algorithmically and they will have their own way of determining what the cost the risk of that credit-default swap is.

>>28669901
Yes.

>>28670185
Very nice. Thank you.

>>28670185
So would UNN be used by platforms such as AAVE or blockfi? because I imagine your average joe isn’t lending to random people but to those types of services

>>28670375
I really don't have any idea I mean once it becomes a building block anybody use it but typically in the traditional Finance world and usually is pretty big hedge funds that take advantage of this type of financial product.

>>28670375
Why wouldn't they? Answer me that.

It's not their focus.

...and don't even think about giving me some "Everyone will just build their own" shit like you faggots did with LINK. I will throw up.

>>28670493
Interesting. This project has me intrigued enough to dive in and fully DYOR instead of just taking a biz shill at his word

>>28670228
thanks, bought 500k

>>28670633
Idfk? I was asking a question you schizo why are you seething?

>>28670645
Good. Start with the C-OP articles and it'll make sense pretty quick.

their other product is a CDO ,or collateralized debt obligation, hedge funds and other investments will be able to sell debt at different risk tiers. Creating yet another new defi derivative primitive.

Here's a video on what a CDO is https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/cdo-tutorial/v/collateralized-debt-obligation-overview

They're also working on a thing called C-op Witchwood be able to free up like 25% extra capital someone of their tokens and then you can use one of those tokens to use as collateral in some other platform

>>28670633
No one knows if they will or they won't and it's too soon to speculate but we do know that this is what the project is aiming to do

>>28670645
You really should there's quite a bit of things to learn that would be useful to know in the future and it also helps other anons understand what's going on

Is this seriously as good as it looks? What is the catch?

P.s. if you say no catch then I will think this is an Asko level scam

>>28670838
1, most people who are slinging shitcoins are only used to defi and the Crypto ecosphere which leads them to miss out on some of the gaps Traditional Finance has that Defi is missing

2,The other reason is that there's as Asian dude on the team that was originally from fusion. If you're not familiar Fusion got hacked. what happened is someone on the team just took a private key and stole money. That's about as much as a hack as it is guessing your cousin's Facebook password. Still he was the CPO so he was in charge of the product right. I found out yesterday Andre was also part of Fusion and turned out to make one of the most successful defi protocols out there. So past performance is not indicative of the future.

I don't really want to fud the project because I think it's fantastic but I think being aware of these things is prudent

The only other thing that I kind of don't like is the tokenomics for the governance token aren't super sexy. Something like this can always be corrected but I have seen another project that offers rewards based off of transfers of their governance token and they call it dividends. I think that's a really good idea and it keeps the people holding the token. Now of course being able to choose what types of risk the protocol's willing to take will be really beneficial especially if you're a huge project and you would like the protocol to accept your risk but for the average everyday retard with shitty attention span, having something slightly more immediate would be nice.

>>28670838
to me the team seems like the catch. the leadership looks like run of the mill consultants

>>28670861
This was an insanely quick response lol

Cheers tho probs will buy

>>28670929
I've got a copy paste a saved from a bunch of information that I've been looking up my hand sucks so I don't like to type things twice

>>28670861
This guy says he holds, but probably wants to buy lower. It's a pasta.

All I can say is, good luck.

Union telegram anyone? We'll have ourselves a little shill group once we're done aCOOMulating

>>28670977
It's just random s*** that I found out and I don't really like to censor things that don't make a project look favorable. I don't like Bud but you can't really make good decision unless you're willing to accept some of the cons of a project

>>28671042
>id A6//mju0
Buying an Audi a6 with the gains i make lads screencap this

>>28671112
rs3 better choice

>>28671042
coingecko that shit you lazy cunt.

here's another look at the layers.

i don't think we hit low 4's ever again now DESU, but if we do, be ready.

16 cents by march.

>>28671275
Doubt ill make that much. Only got about 2k to drop and that's on like Monday or Tuesday. It'll probably be at like .05c

>>28670838
The only catch is the logo. If they had a modern, sleek looking logo like GRT this would already be $0.25 atleast. Not even kidding

>>28671525
Same with the name desu. Union protocol govern fuck that im not typing that shit

so should i buy right NOW or wait for BTC to kill alts?

>>28671609
Yeah basically. The project overall isn’t sexy, that’s really the only negative I’ve found so far

>>28671691
We accumulate then convince the team to change that shit. Instant 10%

LMAO this mother fucker made me want to actually read deep

Looks fucking legit

>>28671525
KEK.

pre-post main net marketing refresh, just like LINK / LEND / REN, etc. screencap this.

>>28671636
I doubt BTC will affect this too much because it’s only available on uniswap and I can’t imagine too many people paying hundreds in gas fees to swing back and force from unn to eth to btc and back

>>28671636
half bag now. half bag if it dips.

also there is a good chance this runs WITH bitcoin at this point. be warned.

>>28671742
Pls wait til next week let me buy before 6c

Just bought 22k

>>28671809
next week we'll probably be above 7-8. sorry.

something's obviously brewing and this should be above 10 cents already as is.

AVAX AMA gonna pop it? dunno.

you may get lucky

whatever, 5 cents. Gonna throw small 2 grand in, don't relaly care if i lose it. if it moons then i'm happy

>>28671809
Only because I had some “oh shit” moments reading

I can tell when something's about to moon based on how long the biz threads are.

Doubt this tops at 17 cents tho. Not swinging.

Omg bros you have no idea how good it feels to be seeing these threads. I saw UNN shilled a few times in December and thought the project was revolutionary potential, bought 5m. All of a sudden the threads disappear and I was worried I might get rugged. But the last few days UNN threads have been popping. All were missing now are original memes. If UNN hits $2 im unironically gonna buy an Indian village with my gains and make them knife daily for my personal entertainment

Why are some idiots comparing this to link, link is the real deal while this shitcoin is just a PND campaign done by some bitches on telegram trying to make a quick 2x.

Just the let everyone know: There is huge whales who just keep dumping and dumping every time this tries to move. The team is completely retard and they sold unlimited amount of tokens to big investors.

>>28672248
>>28672365
NAAAAA MY NIGGA THIS SHIT FINNA FLY THIS SHIT IS LEGIT

bruh I just did enough research and this is SO LEGIT

>>28672547
stop speaking like a nigger

just got a $1k sui-stack in

looks like a solid project

Is there a roadmap?

>>28672232
You wrote this shit somewhere else before stfu, acting as if you had a spare $100k-$200k to just dump on this. Cringey as fuck, you don’t have this type of money.

its too late its pumping 2 much

>>28672988
2m was 40k when I bought it you numbskull. Imagine not having 40k to invest in a potential 50x. Guess why that’s you’ll always be poor. Keep seething

>>28673209
You said you bought 5m and now it’s 2m make up your fucking mind idiot. Yeah the average person on biz has 40k to invest I guess. Can comfortably say your a retarded liar

>>28673506
i bought 30kusd worth just now...

>>28673506
I bought 2m with 1 BTC in December. Mixed up the numbers in >>28672232
Keep coping vikram

>>28672232
the threads didn't disappear. there have been daily threads since december. check the warosu.

>>28673637
Please stfu your embarrassing yourself again, the highest btc was in dec was $28k, you said you spent $40k. Do some maths before you attempt to lie.

>>28673920
kek
>>28673637
>has 40k (28k?) to toss around
>btfo twice by basic math

i want to compound into UNN as i feel this has a little more time before it takes off. Maybe ID and then rotate into UNN

>>28674159
i've got 12M UNN. how poor are you after 2 major bull movements in a year?

>>28673920
>maths
>s
Ngmi

>>28674469
what is that your friend? are you his backup? lmfao
>hurry bro, they're doing math again!

>>28674549
Maths is the preferred term in the uk, it’s how we say it. Nice attempt though, when Maths fails you check for English?

>>28674751
i can't get behind that.

>>28674607
It’s so cringey now the Maths guy is probably on his calculator trying to make sense of things. Ahahahah

>>28674751
>Maths is the preferred term in the uk
So what you’re telling me is that everyone from the UK is a faggot? Gotcha

>>28674469
no you dont

>>28675079
I do.

10 cent waiting room.

Looks solid and worth a punt.

I might even go in heavy on this one.

50/50 LTO and UNN
Absolutely fucking comfy

900k unn, feeling good about a 2x this week

>>28675842
Do it bro. And then seething virgins >>28674751
will come at you with maths to btfo

>>28675842
If you do it, do it in the next week. Main Net price-in's usually happen 3 weeks out. it's starting now.

A token for voting