Bunicorn update: BUNI Live price, price chart, news and markets

Bunicorn (BUNI): Explained

Bunicorn, or BUNI, is a decentralized exchange (DEX) and automated market-maker (AMM) built on the Binance Smart Chain (BSC). It was launched in July 2021 and offers a unique combination of flexible Balancer AMM-style pools for BEP-20 tokens as well as stablecoin AMM pools.

Bunicorn sets itself apart from other DEXs with its yield farming feature that issues vesting rewards in the form of non-fungible token (NFT) collectibles. The platform aims to provide an intense DeFi Game experience that merges DeFi and blockchain gaming.

The Visionaries Behind Bunicorn

Phuc Nguyen is the co-founder and CEO of Bunicorn. He has an impressive background, being a winner of the Google Summer of Code Samsung Smart App Challenge and previously serving as the CTO of a CEX under Bitmex's portfolio.

An Nguyen, the CTO of Bunicorn, brings valuable experience from his time as the lead engineer at DeNA, a prominent gaming company in Japan. He also worked as the CTO of SotaTek, a major blockchain hub in Vietnam.

Vincent Vu, the game designer of Bunicorn, has over 11 years of designing experience in the gaming industry. His expertise includes involvement in the development of games like Scopely's WWE Champions and the creation of Impostor Solo Kill, which garnered over 30 million downloads within 3 months.

Key Features of Bunicorn

Bunicorn distinguishes itself as more than just an NFT platform or blockchain game.

As a DEX, Bunicorn supports flexible pools that can include up to 8 tokens with varying weights. It also offers stable pools that ensure low slippage and high capital efficiency for stablecoins.

A notable feature of Bunicorn is its solution to the problem of impermanent loss commonly experienced in AMMs. By utilizing flexible AMM pools with customizable assets and weights, Bunicorn minimizes this issue.

In addition to the advantages of decentralized AMMs, Bunicorn's amplified pools enable the swapping of stablecoins with lower slippage and higher capital efficiency.

Explore More About Bunicorn

To delve deeper into Binance Smart Chain, check out our comprehensive guide.

Discover what an Automated Market Maker (AMM) is and how it functions here.

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Find out about Liquidity Token Provider Tokens and how they work.

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Bunicorn (BUNI) Circulating Supply

BUNI, the native token of Bunicorn, is currently being distributed through an initial coin offering (ICO). The ongoing public sale will allocate 6,666,666 BUNI tokens.

The total supply of BUNI tokens is 1 billion. This distribution is broken down as follows: 24.43% reserved for the Foundation (locked for 3 months after launch, then unlocked over 48 months); 24% for the Bunicorn Ecosystem (locked for 1 month, then unlocked over 48 months); 20% reserved for liquidity mining (to be unlocked over 48 months); 14% reserved for the operation of the network; 7.5% issued during a private sale; 5.9% reserved for the development team; 3.5% reserved for marketing & listing; 0.67% issued as a public IDO sale.

Securing the Bunicorn Network

The Bunicorn community plays a vital role in the governance of the platform through liquidity mining. Members who stake their tokens in the Bunicorn Network receive the governance token BUNI as staking rewards.

Staking can be done using either BUNI or BPT (Buni Pool Token). Liquidity providers receive BPT instead of BUNI for providing liquidity to an AMM pool.

To prevent liquidity providers from immediately selling their tokens, Bunicorn implements a new liquidity mining model. Farming rewards are wrapped up as VBUNI, which can be converted into actual BUNI tokens after a vesting period. Alternatively, users can auction their VBUNI as NFTs in well-known marketplaces.

Bunicorn's smart contracts have undergone successful audits by Hacken.io, ensuring security. Additionally, the platform receives security support from Certik and Immunefi.

Where to Purchase Bunicorn (BUNI)

The BUNI token is currently available for purchase in the ongoing ICO at a price of $0.030000. You can acquire BUNI on Poolz using BNB or on Red Kite using BUSD.

BUNI tokens are actively traded on PancakeSwap (V2), Bunicorn, MEXC, and Hotbit.

Stay updated with the latest news on the Bunicorn ICO launch.

If you are new to cryptocurrency, learn more about entering the market and purchasing BTC, BUNI, or any other token. Read the details here.