UP to UNIFI Migration Terms and Conditions
Information on a specific migration can be found on Unifi’s Medium blog, or on Unifi’s social media. Links to these are at the bottom of this article.
Information on the differences between UP and UNIFI, as well as other Unifi Protocol tokens, can be found in this article.
The migration process is a voluntary process presented as an opportunity to UP holders. It is a centralized utility and no specific result is promised. The UP migration process is not reversible and no refunds are possible for any reason. Users should be confident in their understanding of the entire migration process and all terms prior to sending any tokens.
What is the purpose of Migration?
The UP to UNIFI migration process is an essential component of the UNIFI-powered Global Governance Model (GGM). Access to UNIFI gives liquidity providers and traders on all Unifi blockchains a voice and opportunity to participate in the GGM, including earning UNIFI staking rewards.
Migration conversion rate of UP to UNIFI
Each migration can have special terms and conditions. This could include differences in the way the ratio of UP contributed to UNIFI received is calculated. Information on this process for a specific migration may or may not be announced on a case by case basis.
Each migration is an individual event and participants should ensure they are aware of all details relevant to the specific migration they plan to participate in, prior to participation. Unifi — and community members through Referendums— will be proposing and evaluating effective methods of migration that appeal to a diverse community. A variety of options for migrating UP to UNIFI is a benefit to the Unifi ecosystem.
Important information which could lead to a loss of participant tokens:
The participant must provide a valid blockchain address for the blockchain where they wish to receive UNIFI.
Providing an address from any blockchain, other than one specified in the migration announcement, will cause a loss of UP and/or UNIFI. Unifi does not confirm or check addresses supplied. Invalid addresses (including those with an extra space in the address) will cause a loss of UP and/or UNIFI.
The user must have the private key to the blockchain address where the UNIFI is to be claimed, and be able to conduct a transaction to claim the UNIFI. DO NOT migrate to an exchange based wallet. A network fee to the blockchain is required to claim.
Other Important Information
Migrating UP to UNIFI is a voluntary action taken upon by the UP token holder, and the UP token holder assumes all associated risk of token loss.
The migration process is centralized utility and no result is guaranteed.
The UP migration process is not reversible and no refunds are possible for any reason. Users should be confident in their participation prior to sending any tokens.
Unifi can not retrieve UNIFI made claimable at an address where the user does not hold the private key.
UNIFI requested to be made claimable at an invalid address will be forfeit.
Unifi is not responsible for any loss associated with the UP migration process, regardless of cause.
The migration process is dynamic and governed by market forces. No ratio of UP to UNIFI is suggested, implied, or guaranteed. The final ratio of UP to UNIFI will be determined following the close of the migration period.
UNIFI will be available for claim after the migration process has closed.
All dates and times announced for migrations are approximate, and can change without notice.
Unifi Protocol and uTrade can be found at https://www.unifiprotocol.com.
Connect with the Unifi community on Telegram, Twitter, Reddit or Medium.
Stake UNIFI, earn rewards, and be part of the Global Unifi Protocol DAO governance. https://gov.unifiprotocol.com/my-dashboard.
Be a part of developing Unifi Protocol DAO’s UNIFI’s Global Governance Model (GGM). Join the conversation on Unifi’s Reddit
Communications from Unifi are subject to Unifi’s standard terms and conditions, which can be found here.
