In this AMA of IOTA Foundation which took place on June 18, 2024, Jonathan hosted William from UNCX Network to discuss the integration of UNCX services with IOTA EVM, liquidity locking, token launch processes, and the future of Web3, and more! Read our notes below to learn more.

Background

Jonathan Hellweg (Host) – Community Manager at IOTA

William (Guest) – BD Lead at UNCX Network

UNCX Network – fully decentralized multi-chain service provider

UNCX’s Integration with IOTA EVM: Enhancing DeFi Security and Token Launch Processes

• William, representing UNCX, introduces himself as the BD (Business Development) lead. He explains that UNCX, founded in 2020 by James and Antoin, is a pioneer in liquidity locking. Their vision is to enhance trading security for DeFi users through their solutions.
• William says that UNCX is working on a deep integration with IOTA EVM. While he can’t disclose specifics, he mentions that most of their services will be integrated, along with a new “launchpad as a service” feature. Official announcements are forthcoming.
• William details the token launch process through UNCX. This includes defining the token type (simple or with special functions like taxes), setting up token vesting and allocations, using UNCX’s presale platform, automatic liquidity locking post-sale for at least a month, and optional staking features. He emphasizes their flexibility in accommodating various token strategies.
• William explains the rationale behind liquidity locking is primarily to prevent rug pulls and instill trust in the project’s long-term commitment. UNCX’s smart contracts serve as an immutable intermediary, creating accountability for project teams.

Decentralization, Token Utility, and Future Developments

• When asked about specific criteria for token mints, William says that UNCX operates in a fully decentralized manner. They don’t impose restrictions on token settings or tax limits, leaving these decisions to the founders.
• Jonathan and William discuss the UNCX token’s utility. William explains that while its use in presales is on hold during platform upgrades, it still allows participation in their referral program and can boost staking rewards. He hints at more utilities coming soon, including expansion to other chains like Solana.
• They explore how UNCX staking pools work, confirming that token creators can offer rewards for locked LP tokens.
• William shares UNCX’s perspective on the future of Web3, emphasizing their omnichain approach while prioritizing privacy and security.
• William explains that integration is easier with Uniswap forks and encourages interested AMMs to reach out directly to the UNCX team for further discussions.
• William directs people to follow UNCX on Twitter and visit their website for updates and information. He mentions a new front-end launch and upcoming official announcements.

Check out these important links

• Listen to the Twitter AMA
• Listen to the YouTube Audio
• Follow Jonathan Hellweg on LinkedIn
• Follow UNCX Network on Twitter
• Follow IOTA on Twitter
• Follow IOTA on Discord

Show Information

Medium: Twitter AMA & YouTube (Audio)

Show: IOTA Foundation

Show Title: Buildsphere AMA Ep #6: UNCX Network

Show Date: June 18, 2024