Description
Unlock is a protocol for memberships which lets creators monetize their work, on their own terms, without having to rely on 3rd party applications or platform.
As a creator, you want to monetize your work and ensure that only your members can access it. For this you should create a Lock. The lock is a smart contract deployed on the Ethereum blockchain which defines the terms of your membership. The Lock is yours and cannot be modified by anyone else, unless you grant them the permission.
The lock itself does not know about the content or features which it locks. The lock is also completely decoupled from your application, which means that it can be implemented in many different contexts: on the front-end, on the back-end, inside of chat applications, or even in other smart contracts.
As consumers, you want to easily unlock access to your favorite websites, or be part of communities. Unlock represents these memberships as Non Fungible Tokens. These tokens are directly linked to your Ethereum wallet.
Unlock also built a keychain for consumers to easily view all of their memberships and use them. This involves cancelling them, transferring them or printing codes to assert ownership.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Unlock Protocol has established itself as a formidable player. It is currently ranked #874 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Unlock Protocol as a viable digital asset.
Buy & Sell Taxes
When trading Unlock Protocol, it is important to consider the buy and sell taxes associated with each transaction. The buy tax for Unlock Protocol is 0.41%, while the sell tax is 0.00%. These taxes could potentially affect your overall returns, so it's crucial to factor them into your investment strategy.
Tokenomics
The tokenomics of Unlock Protocol consist of a total supply of 1,000,875 tokens, out of which 577,998 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Unlock Protocol tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Unlock Protocol, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in Unlock Protocol with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
