Introducing Unicoin—the Market’s First Smart Coin That Pays Dividends

Today, cryptocurrency is continuously gaining traction among the public for several reasons–not to mention its cutting-edge structure and high volatility. To explain briefly, volatility is the sudden shifts in the market sentiment that can lead to considerable and rapid price movements–either positive or negative.

The same notion is what Unicoin Chief Investor Relations Officer Alex Dominguez had in mind when he sat with CoinQuora for an exclusive interview at the World Blockchain Summit. Unicoin is the first-ever asset-backed smart coin on the market that pays dividends to its holders.

When asked about what sparked the idea of creating a smart coin, Dominguez shared how people are not a fan of crypto’s volatile nature. In detail, he comments:

I think the idea is you wake up and you buy a coin and it’s at $40,000 like Bitcoin, then it goes down to 30 [thousand dollars]. And then all of a sudden, it’s 60 [thousand dollars]. So a lot of people don’t like that volatility. So I think the volatility–the fact that all the other coins like, and I’m not talking about any point in particular, but use [for example] Doge[coin] or Shiba [Inu], which started off as jokes. And they’ve reached valuations of $85 billion, and then they’ve come right back down.

The Unicoin executive then further detailed that the project’s goal is to be a coin that investors all over the world will take seriously. “So we’re calling it a smart coin, crypto 2.0,” said Dominguez.

Set to launch in early 2023, Unicoin features a segment called ‘Unicorn Hunters’ where they take 10% equity from early-stage startup companies that come to their show. Consequently, when a scale-up project decides to go public, gets listed, or bought, Unicoin will cash out and pay annual dividends to holders–either in cash or more coins.

Moreover, Unicoin also dubs itself as the ‘poster boy for over compliance as they are very compliant with the Securities and Exchange Commission in the United States. What’s more, Unicoin got the former US Treasurer of the US on board as one of its directors.

“We’re registered with the SEC, we’re going to be a security token. So we’re doing all the things the right way so that the shareholders or future coin holders can feel comfortable investing in a coin that actually has some backing,” Dominguez added.

Concluding the short but fruitful discussion, the Chief Investor Relations Officer encouraged everyone to check out the platform’s website to know more. With its goal of having a dominant position in the market in five years’ time after launch, users are excited to see how Unicoin will pave the way for future smart coins, just as Bitcoin paved the way for other coins.