A new token UWU will replace UMX and DGN to become the only native ecosystem token

The wait is finally over! We said big things were happening behind the scenes, and we are pleased to finally be able to announce our exciting rebrand to Unlimited Network and the introduction of our new ecosystem token UWU.

So Why the Rebrand?

The decision to rebrand was taken for several key reasons aimed at propelling the project to even greater heights, namely:

To remove confusion between the ecosystem (now Unlimited Network) and one of the ecosystem’s protocols (still Unimex Protocol)
To revert back to a single token ecosystem (in the form of UWU) and improve investability by removing the complicated staking setup of UMX/DGN. Simply put, UWU will receive staking fees from all current and future products in the Unlimited Network.
A 100-year liquidity lock seemed a great idea at the time, but with new versions of Uniswap and Pancakeswap and little-to-no support for projects with liquidity locked on older versions, this has proven to be more of a hindrance than anything else.
To create a name and brand with increased marketability and better aligned with our goals: the creation of an unrestricted, unblocked, and untethered ecosystem for infinite freedom.

New Token: UWU

UWU is the staking and governance token that powers the Unlimited Network. It allows holders to stake for a share of 60% of all ecosystem product revenue (transitioning to 100% once a sufficient treasury base is established); vote on proposals relating to the general ecosystem and its products; and vote on utilization and distribution of the ecosystem treasury.

What Happens to my UMX/DGN Tokens?

There will be a ‘sacrifice’ phase for UMX and DGN tokens holders in Q3, which will run for a week. During this period, holders will be able to transfer their UMX/DGN tokens to an address, which will have a snapshot taken from day 1 to 7.

At the end of the one-week sacrifice period, the collected tokens will be sold on Uniswap and Pancakeswap in order to extract whatever locked liquidity is possible. This extracted liquidity will then be used to seed the ecosystem treasury, governed entirely by UWU stakers. Please note that the ratio is already locked in and will be announced publicly when the time comes.

Disclaimer: Since the tokens will serve no further purpose afterwards and only depreciate in value, it is advised to sell your UMX and DGN tokens before or during the sacrifice period if you do not intend to sacrifice them. Furthermore, if you choose not to sacrifice your tokens, you will not be eligible for UWU claims.

Unstaking Portals

UMX: umx.unlimited.network
DGN: dgn.unlimited.network

UWU Tokenomics

UWU will initially be listed on leading Binance Smart Chain DEXs with a starting price of $0.50. For more details on tokenomics, please visit the documentation here.