UNO
$ 0.07103 USD
$ 0.07103 USD
$ 1.234 million USD
$ 1.234m USD
$ 41,658 USD
$ 41,658 USD
$ 634,090 USD
$ 634,090 USD
111.566 million UNO
Related information
Issue Time
2021-05-04
Platform pertained to
--
Current price
$0.07103USD
Market Cap
$1.234mUSD
Volume of Transaction
24h
$41,658USD
Circulating supply
111.566mUNO
Volume of Transaction
7d
$634,090USD
Change
24h
+469.6%
Number of Markets
15
Token conversion
Current Rate0
0.00USD
UNO Price Chart
Introduction
Markets3H
+485.09%
1D
+469.6%
1W
+522.52%
1M
+419.6%
1Y
+71.86%
All
-90.2%
| Aspect | Information |
|---|---|
| Short Name | UNO |
| Full Name | UnoRe |
| Supported Exchanges | KuCoin, Gate.io, PanckakeSwap, MEXC, Kraken, Bitget, eToro, Binance, Uniswap, Sushiswap |
| Storage Wallet | Software, hardware, web, mobile and desktop wallets |
Overview of UnoRe (UNO)
UnoRe (UNO) is a digital cryptocurrency that operates on a decentralized platform with a focus on revolutionizing the insurance and reinsurance industry. The project incorporates DeFi (Decentralized Finance) and blockchain technologies to create a marketplace for risk transfer and trading. The underlying blockchain technology ensures a secure and transparent ecosystem while leveraging the advantages of DeFi to democratize access to reinsurance products among users around the globe, including small investors. UNO is the native token of UnoRe and is designed to be used to purchase reinsurance and pay fees within the platform.
To obtain more information, you can visit their website: https://unore.io/ and try to log in or register to use more services.
Pros and Cons
| Pros | Cons |
|---|---|
| Decentralization of insurance and reinsurance industry | Still early in development |
| Transparent risk trading marketplace | Limited historical data due to recent launch |
| Uses native UNO tokens for transactions | Regulatory uncertainty in global jurisdictions |
| Facilitates global access to reinsurance products | Potential scalability issues with increased user load |
Pros:
1. Decentralization of insurance and reinsurance industry: UnoRe utilizes the power of decentralization. This reduces the dependency on centralized authorities in the insurance and reinsurance industry, allowing for direct interactions between agents and customers.
2. Transparent risk trading marketplace: The platform incorporates blockchain technology, which enhances transparency. This ensures that all transactions made on its risk trading marketplace are recorded and transparent, reducing arbitrary practices.
3. Uses native UNO tokens for transactions: Transactions within the UnoRe platform are facilitated using its native UNO tokens. This ensures fluidity and transactional uniformity within the platform.
4. Facilitates global access to reinsurance products: The use of blockchain technology, along with the implementation of DeFi, democratizes access to reinsurance products. This approach allows even small investors from different geographical locations to access these services.
Cons:
1. Still early in development: UnoRe (UNO) is still in its infancy, hence it inherently carries the risk linked with new ventures.
2. Limited historical data due to recent launch: As a recently launched project, UnoRe has a limited track record to analyze past performance, making it challenging for potential investors to make informed decisions.
3. Regulatory uncertainty in global jurisdictions: As with most blockchain ventures, UnoRe faces potential regulatory uncertainties, given the project operates in a relatively new space. Stricter global regulatory constraints might impact operations negatively.
4. Potential scalability issues with increased user load: As the platform grows, there may be potential challenges related to scalability. An increase in the users might put stress on the network, affecting transaction speeds and overall user experiences.
What Makes UnoRe (UNO) Unique？
UnoRe (UNO) distinguishes itself from other cryptocurrencies with its innovative focus on decentralizing the insurance and reinsurance industry. While many cryptocurrencies aim to revolutionize finance or general trading behaviors, UnoRe aims to address the specific niche of insurance.
A distinctive feature is its transparent risk trading marketplace, powered by blockchain technology, which adds a layer of transparency not commonly seen in traditional insurance markets. All transactions and operations are recorded on the blockchain, which is immutable and easily auditable, ensuring a high level of transparency and trust.
Another unique aspect is its deep integration with DeFi (Decentralized Finance). By leveraging the power of DeFi, it broadens access to reinsurance products, not just to institutional participants but also to small investors around the world. This decentralized approach delivers a more democratic and inclusive platform, empowering users previously excluded from such markets.
The use of its native UNO tokens for transactions within the platform further sets it apart. This feature engenders a seamless transaction process, enhances liquidity, and creates a unified mode of transaction within the UnoRe ecosystem, going beyond what many other cryptocurrencies offer.
How Does UnoRe (UNO) Work？
UnoRe (UNO) works by leveraging blockchain technology to create a decentralized platform that revolutionizes the insurance and reinsurance industry. Blockchain's primary advantage in this context is that it can record transactions in a way that is secure, transparent, and cannot be changed, fostering trust among users.
UnoRe fulfills its core functionality through a risk trading marketplace, allowing for the decentralization of insurance products by offering them on a publicly accessible digital market. Users can then purchase these reinsurance products using the platform's native UNO tokens.
Additionally, UnoRe incorporates the principles of DeFi (Decentralized Finance) to democratize access to reinsurance. This decentralization eliminates the need for middlemen or intermediaries, allowing all users equal access and opportunities to participate in the reinsurance market, regardless of their location or existing asset size.
Therefore, the working principle of UnoRe is to pair the inherent advantages of the blockchain and DeFi technologies to create a transparent, decentralized, and accessible marketplace for risk trading and reinsurance. Through its native UNO tokens, it offers a uniform and streamlined mechanism for transactions within the platform.
Market & Price
Price Fluctuation
- Overall Trend: There has been a slight downward trend in price since February 1st, 2024. The opening price on that date was $0.03008 and today (March 17th, 2024) the price is likely around $0.05.
- Volatility: The price has fluctuated somewhat, with a high of $0.04179 on February 1st and a low of $0.02933 on the same day.
- Trading Volume: Trading volume has been relatively low throughout the month, with the highest daily volume being around 14.7 million on February 1st.
Exchanges to Buy UnoRe (UNO)
UnoRe (UNO) can be purchased from several cryptocurrency exchanges. Here are five such exchanges and their supported currency pairs and token pairs:
- KuCoin: KuCoin is another popular cryptocurrency exchange where UnoRe (UNO) can be purchased. The exchange supports numerous currency pairs, including UNO/BTC and UNO/ETH.
| Step | |
|---|---|
| 1 | Create an Account |
| Go to the KuCoin website. | |
| Click “Sign Up.” | |
| Enter your email address or phone number. | |
| Select your country of residence. | |
| Create a strong password. | |
| Agree to the terms of service (read them first!). | |
| Click “Sign Up.” | |
| 2 | Secure Your Account |
| Enable two-factor authentication (2FA) using Google 2FA or another approved method. | |
| Set an anti-phishing code to help identify fake KuCoin websites. | |
| Create a separate trading password for additional security when buying and selling crypto. | |
| 3 | Verify Your Identity (Optional) |
| To unlock higher withdrawal limits and some features, complete identity verification. | |
| Enter your personal information as requested. | |
| Upload a valid photo ID (passport, driver's license etc.). | |
| 4 | Add a Payment Method |
| Go to your KuCoin account settings. | |
| Navigate to the “Payment Methods” section. | |
| Choose your preferred payment method (credit/debit card or bank account). | |
| Follow the on-screen instructions to link your chosen payment method. | |
| 5 | Buy UNO |
| Go to the “Markets” section on KuCoin. | |
| Search for “UNO” or “UnoRe.” | |
| Select the UNO trading pair that matches your payment method (e.g., UNO/USDT if using Tether). | |
| Choose a buying option (limit order, market order etc.). | |
| Enter the amount of UNO you want to buy or the amount of money you want to spend. | |
| Review your order details. | |
| Click “Buy UNO” to confirm the purchase. | |
| KuCoin will guide you through any further steps specific to your chosen payment method. |
See this link for details on how to buy UNO: https://www.kucoin.com/how-to-buy/unore.
- Gate.io: Gate.io offers crypto-to-crypto trading for numerous pairs. UnoRe (UNO) can be bought against popular cryptocurrencies like BTC, ETH, and USDT on this platform.
| Step | |
|---|---|
| 1 | Create a Gate.io Account (or Log In) |
| Go to the Gate.io website. | |
| If new, click “Sign Up” and follow instructions to create an account (email/phone number). | |
| If existing user, log in with your credentials. | |
| 2 | Complete KYC and Security Verification |
| Navigate to your account settings or KYC section. | |
| Follow the on-screen instructions to provide required information and ID verification. | |
| 3 | Choose Your Buying Method |
| Decide how you want to pay for UNO (Spot Trading, Bank Transfer, Credit Card etc.). | |
| 4 | Buy Uno Re (UNO) |
| Find the UNO trading page (search for “UNO” or “Uno Re”). | |
| Select the UNO trading pair matching your chosen payment method (e.g., UNO/USDT for Tether). | |
| Choose your buying strategy: Market Order (current price) or Limit Order (set buy price). | |
| Enter the amount of UNO you want or the amount you want to spend. | |
| Review your order details (amount, price, pair). | |
| Click “Buy UNO” to confirm the purchase. | |
| 5 | Purchase Successful (Receive Your UNO) |
| Your UNO will be deposited to your Gate.io wallet (check “Wallet” section). | |
| If you don't receive UNO or encounter issues, contact Gate.io's Help Center or customer service. |
See this link for details on how to buy UNO：https://www.gate.io/zh/how-to-buy/uno-re-uno.
- PancakeSwap: A decentralized exchange built on Binance Smart Chain for swapping tokens, yield farming, and more.
- MEXC: A centralized cryptocurrency exchange offering spot, margin, and derivatives trading.
- Kraken: A well-established centralized exchange known for its security and wide range of cryptocurrencies.
- Bitget: A growing centralized exchange focused on spot, margin, and copy trading features.
- eToro: A popular investment platform that recently added support for buying and selling a limited number of cryptocurrencies.
- Binance: Being one of the largest and most prominent cryptocurrency exchanges, Binance supports a wide variety of currency pairs for UnoRe (UNO). It allows for trading between UNO and major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Fiat currency pairs like UNO/USD are also available.
- Uniswap: Uniswap is a decentralized exchange that operates on the Ethereum network. Due to its design, it primarily supports UnoRe (UNO)/ETH pairs. However, other ERC-20 tokens can also be swapped directly for UNO on this platform.
- Sushiswap: Similar to Uniswap, Sushiswap is also a decentralized exchange on the Ethereum network. It supports UnoRe (UNO)/ETH pairs and has the added advantage of providing yield farming opportunities for UNO holders.
How to Store UnoRe (UNO)？
UnoRe (UNO) tokens are built on the Ethereum blockchain as ERC-20 tokens, meaning they can be stored in any wallet that supports this standard. Here are some wallet types and examples that can be used to store UnoRe (UNO):
1. Software Wallets: These wallets are applications that can be installed on a computer or a smartphone. Examples include MyEtherWallet, Metamask, and Trust Wallet. They offer a convenient way to access and manage your UNO tokens. Some software wallets also have built-in exchanges, allowing you to trade your tokens directly.
2. Hardware Wallets: These are physical devices that store your tokens offline, providing an extra layer of security against online hacks. Examples include Ledger and Trezor. They are ideal for storing large amounts of UNO tokens for a long period.
3. Web Wallets: These are online platforms or browsers you can use to store, manage, and trade your UNO tokens. Examples include Metamask (browser extension) and MyEtherWallet (web platform). Though they offer convenience, it's crucial to secure your login details since the loss can lead to losing access to your tokens.
4. Mobile Wallets: These are smartphone apps that you can use to store, manage, and trade your tokens on the go. Examples include Trust Wallet and Coinbase Wallet. Make sure to secure your mobile wallet with a strong password or biometric security.
5. Desktop Wallets: These are applications installed on a laptop or desktop computer, and they're generally safer than web and mobile wallets. Examples include Atomic Wallet and Exodus.
Is It Safe？
Uno Re (UNO) provides security measures:
- Secure Data Storage: UNO stores your data on secure servers that use encryption to protect it from unauthorized access.
- Data Transmission Security: When you submit or access your information, UNO uses secure protocols like HTTPS to encrypt the data transmission.
How to Earn UnoRe (UNO)？
Earning UnoRe (UNO) can be achieved in different ways. Here are some of them:
1. Buying on Cryptocurrency Exchanges: Like any other cryptocurrency, UNO can be bought on exchanges such as Binance, Uniswap, Sushiswap, KuCoin, and Gate.io. You can buy UNO using other cryptocurrencies like BTC, ETH, or even fiat currencies depending on the platform.
2. Participating in Liquidity Pools: If you own UNO and another comparative pair like ETH, you can participate in liquidity pools on Uniswap or Sushiswap. This could potentially earn yield through transaction fee rewards.
Advice for those who want to buy:
1. Do Your Research: Understand what UnoRe is and the problem it aims to solve in the insurance industry. Check its performance, progress, and plans.
2. Understand the Market: Like any investment, buying at the right time is crucial. Cryptocurrency markets are volatile, so understanding when to buy could significantly affect your returns.
3. Start Small: Consider investing a small amount initially. Once you get the hang of how the token behaves and the market shifts, you can consider investing more.
4. Secure Storage: Plan how you're going to store your UNO tokens. Whether it's in a software wallet, hardware wallet or even on the exchange, protecting your investment is paramount.
5. Diversify: Don't put all your eggs in one basket. While UnoRe can be an exciting project, it's still wise to diversify your investments.
6. Keep Up with Updates: Follow UnoRe's social media accounts, read their official announcements and join their community discussions. Always stay updated with the project's progress.
Conclusion
UnoRe (UNO) is a distinctive cryptocurrency that aims to decentralize and revolutionize the insurance and reinsurance industry. Its unique blend of blockchain technology and DeFi principles fosters a transparent risk trading marketplace which democratizes access to reinsurance products. By enabling direct transactions using native UNO tokens, the platform creates a uniform and streamlined transaction mechanism for users.
As a relatively new project in its early stages of development, UnoRe confronts some challenges like limited historical data, potential regulatory uncertainties, and scalability issues with user load increase. Therefore, its long-term performance and development prospects would largely depend on how it navigates these challenges and embeds itself into the insurance and reinsurance markets.
FAQs
Q: Can I buy UnoRe (UNO) with fiat currency？
A: Yes, some exchanges, such as Binance, support purchasing UnoRe (UNO) with certain fiat currencies, depending on the platform.
Q: Can UnoRe (UNO) tokens be stored in any kind of wallet？
A: UnoRe (UNO) tokens can be stored in any ERC-20 supportive wallet including software, hardware, web, mobile, and desktop wallets.
Q: How does UnoRe (UNO) compare to other cryptocurrencies？
A: UnoRe (UNO) differentiates itself by focusing on transforming the insurance and reinsurance industry through a transparent and auditable risk trading marketplace and offering accessibility through DeFi.
Q: Where can I purchase UnoRe (UNO) coins？
A: UnoRe (UNO) coins can be purchased on several cryptocurrency exchanges, including Binance, Uniswap, Sushiswap, KuCoin, and Gate.io among others.
Risk Warning
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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