/biz/ - Business & Finance

>>30372842
Token not needed.

>>30372959

Sure, if there's a rug someone's gonna get PAID :)

>>30372959
LINK

>>30372959
The final Fud Boss. I'm not sure how Unn will overcome this one.

>>30372842
Devs rugged earlier today. It's over

>>30373055
Atleast its gonna be used for governance
Is LINK needed??

>>30373055
>it's like buying a stock
Fud btfo

>>30373189
Yes LINK is the collateral insurance that maintains the nodes. UNN doesn't really have much of a value proposition yet. At most they said it might make insurance premiums lower so far. I really want to buy this project because DEFI insurance is the next big thing but I keep seeing redflags that are turning me off. I've been mulling over this one for awhile.

>>30373436
Post redflags?

>>30373771
all the fud so far is:
>token not needed
>beck not real
>john liu invovled so must be a rugpull
idk if i missed any

>>30372959

>Insert random project
Token not needed

It works almost for everything, if you gonna fud, do it well, why is not needed?

>>30373771

John Liu's previous project Fusion Network theft and the UNN token has no value capture method/poor tokenomics. Network growth isn't directly correlated to token value growth. Michael Beck looks high on stimulants during his interviews albeit still able to speak clearly and in depth. I don't like the idea of them mentioning other sectors of insurance already. Its a ironically a bad sign of development. You stick to DEFI become the standard and then maybe evolve. They don't have a working product yet and he mentioned health insurance in the future. If they are able to easily integrate with AAVE or COMPOUND then it will be a huge success. Based on their recent partnerships it doesn't seem like they will have much use of their product. It seems like it will be hard for them to bootstrap the needed liquidity to make their products actually work.

>>30373436

Enlighten us sweet nigger, I wanna ape in this one but I'd like to see your red flags, show 'em pls

>>30373857
>botched presale
Overall, the fud is weak. The only strong fud, would be if they miss their launch deadline.

>>30374102
But even then, it's not the worst thing in the world. The price would dump 20%-30% and then resume an upward trajectory.

>>30373857
>>john liu invovled so must be a rugpull

This is my biggest concern actually. It should be for anyone buying. It doesn't mean I wont' buy but someone literally stole 6.4MM in value from the network using the private keys. It was admitted to be an inside job. Whether Lui is involved Idk but it was on his watch and he holds the same position at UNN as he did for Fusion(CPO)

>>30374062

The UNN token will be required to make the product work, if you're a company/individual/etc and you want to use their product, you need to buy the token to make it work

>>30374102

Did they ever say why it was botched. Hell I forgot about that one. It happened more than once and then they just gave up. Why?

>>30374064
he doesnt have any i bet you 100% he already has some and is fudding to accumulate more

>>30374177

wat

>>30374208
>The UNN token will be required to make the product work, if you're a company/individual/etc and you want to use their product, you need to buy the token to make it work

No its literally not. UNN is strictly for governance. It has no value capture mechanic. They purposely separated governance from the underwriters to avoid conflict of interest when it came time to pay out legitimate claims. Its good in that regard but creates other issues about UNNs value. If you underwrite you get uUNN and if you want protection you get pUNN. You never have to actually buy UNN to use their products.

>>30374062
>John Liu's previous project Fusion Network theft
this fud has been refuted multiple times, Andre was also part of that project, so Fantom is a scam and should have never mooned right? retard

>>30374177

Sauce about John Liu stuff?

>>30374233
I already said I don't have any. I'm definitely conflicted. Its either a total scam or the next 1000x if successful. I have only bought 2 projects since late 2017. One was LINK uber early. The C-OP product they are talking about developing is why I became interested in UNN but that doesn't mean there aren't red flags.

>>30374376

Just google "Fusion Network hack". Someone on the team stole 6.4MM from their holdings and the culprit wasn't ever publicly identified or faced any legal justice. The team claims they believe they know who it was.

>>30374318
Gary said that Governance is the highest use case of all :)

>>30374339
>Andre

He's definitely sketchy as fuck too. Regardless lets say Lui is totally innocent in the entire thing. He was part of the leadership there and still holds responsibility. They either didn't vet the employees well or needed better security IE multiple signatures to access company funds.

>>30374576

That doesn't mean anything. As of right now the governance token doesn't capture value from the network. Full stop. Maybe if it got a small percentage of the underwriting pool or something then it would be better.

>>30373225
I like this idea

>>30374215
My retarded conspiracy theory is they ended up postponing the launch as they were selling tokens to VCs and some dealing interfered with the original schedule

>>30374687
>Says full stop
>keeps typing

Fudding UNN is pointless rn, the only fud valid would be if they delay the product release to Q2

>>30374687
I know it means almost nothing, but their telegram admin did say that staking that received rewards from underwriting was planned, but this could be false as tg admins are retarded and if it was true I don't know why they wouldn't just announce it officially

>>30374908
>Full stop

I used it to emphasize the preceding declarative statement.

>>30375012

I haven't seen that. I'll have to ask in the TG.

Why would you need to buy a token to make the product work, any chance you can elaborate?

>>30372842
what does it do.

I'll wait for it to dump back to 4.6 cents.

>>30375012
They did, it's literally described in one of their recent medium articles and even has a video showing how it plays out via testnet. Do you think before typing, or are you normally this stupid?

>>30375115
it pumps brah

>>30375242

Which one?

>>30375290
DYOR or find something else to buy, just stop being retarded when the information is out there and freely available for anyone to see.

>>30375433
I've read all the mediums already and I don't recall any of them saying what you said they did. You made the claim. I'm not being retarded literally everything I've posted is true. I remember a time on /biz when you could post critical opinions of a project and they would be discussed. Now people just say you are FUDing, retarded, or leave etc. Its becoming fucking Red dit. I already said I might buy the project but no one wants to discuss the potential issues.

>>30372842
Yea im sure this will be so big. Seriously stop making these threads. If you think that its really solid project that will pump then stfu and buy more pajeet. Have you actually used your own brains here? Are you only holding this because Elliotrades shilled this a couple months ago, yeah....

>>30375685
You won the argument, these unn shillers have no technical knowledge what so ever. They will probably close this thread and open up a new one like they do every hour.

>>30376253
Sorry, I didn't realize you guys we're clinically retarded. Go look at what they're doing with ULend (again).

>>30375685
no one can tell me what it does and how it does it. ive been here all day in every thread.

>>30375974
Anyone who was shilling this since january is up 300% to 400% kek. You guys can be sour pusses all day but that won't make you any money.

>>30376581
Its just governance so far

>>30376758
And coins like hoge can go up 10000% within a few weeks. What’s your point?

>>30377106
What's your point?

>>30376758
So is everything else :D Actually most of them have done a lot more.

>>30377217
My point is shit coins can even moon with abit of shilling and the best you can do is post a meme and ask me the same question? Retarded much?