All About CryptoUnity’s CUT Token – What Is It and How Does It Work?

The post All About CryptoUnity’s CUT Token – What Is It and How Does It Work? appeared first on Coinpedia Fintech News

Many exchange platforms have their own exclusive coin or token. An example of this is Binance Coin (BNB) created by the makers of Binance. BNB is bought and sold on the platform and used for trading fees. CryptoUnity has its own token too, named CUT. It’s an important part of our platform and allows our users to benefit from holder rewards.

Let’s take a look at what CUT is, what it does, and how it works.

What is CUT?

The CUT token – built on the Binance Smart Chain and serving as CryptoUnity’s native asset – is a utility token created with specific functions in mind. Buyers can purchase or sell it through our platform but those who decide to hold their CUThave plenty of extra advantages. Let’s explore some of these benefits.

Lower Commission Fees

When trading on our exchange, CUT holders can enjoy a reduced commission fee. The more CUT they hold, the smaller the commission fees, providing them with greater returns from their investments. As a CUT holder, you’re in a much better position to maximize your profits.

Participate in ICOs

Are you curious about Initial Coin Offerings (ICOs)? These are opportunities where a brand-new cryptocurrency is released before it hits any exchanges. CUT holders will have exclusive access to upcoming ICOs on our Research Launchpad. It means if you’re a CUT holder, you can get your hands on the best deals first!

Workshop Ticket

We believe that education is the key to a successful crypto journey. That’s why CUT holders will also be able to unlock advanced courses and gain access to exclusive events hosted by CryptoUnity. These events, which include tutorials, workshops, webinars, and seminars, provide insight into the world of crypto trading, and are an invaluable resource for those who are just getting started.

Create, Buy, and Sell NFTs

NFTs, also known as Non-Fungible Tokens, are digital assets that can be bought, sold, and traded. An example of an NFT is a crypto art piece – digital artwork that can be bought and sold on the blockchain. CryptoUnity allows CUT holders to create their own NFTs, including buying and selling them on the platform.

Passive Rewards

Holders will receive 2 %  of every trade or purchase. This means you’ll be rewarded for holding CUT. So, the longer you hold it, the more you’ll be rewarded.

Airdrops and Giveaways

Airdrops, bounty hunts, and crypto giveaways are popular events where tokens are handed out for free to participants. CryptoUnity holds these events regularly, and as a valued CUT holder, you can join them all.

CUT Helps You Get More Out Of CryptoUnity

So, there you have it – a quick introduction to CryptoUnity’s CUT token and how it can benefit you as a holder. As you can see, there are plenty of incentives for holding CUT. Lower commission fees, participating in ICOs, access to workshops, the ability to create and buy/sell NFTs, passive rewards, airdrops and giveaways is only the beginning. CUT really helps you get the most out of CryptoUnity!

As our platform grows and develops, we plan to introduce even more benefits to CUT holders. We want to reward everyone who supports us, and CUT is our way of saying ‘thank you’. So what are you waiting for? Get your CUT and join the CryptoUnity movement!