UNION Protocol Price

UNION Protocol is a decentralized finance (DeFi) cryptocurrency that operates on the Ethereum blockchain. It serves as the governance token for the UNION Protocol, a platform that combines bundled protection with a multi-token model for liquidity in the secondary market. Key features of UNN: 1. Governance: UNN token holders can participate in decision-making processes for the UNION Protocol. 2. Risk management: The platform allows DeFi participants to manage multiple layers of risk on smart contracts and protocols in a scalable system. 3. Accessibility: UNION aims to lower entry barriers for retail investors while providing a foundation for institutional investors. 4. Multi-token model: The UNION ecosystem includes three distinct tokens: - UNN: The main governance token - uUNN: Protection policy token - pUNN: Protection pool token UNN was launched on December 19, 2020, with an initial price of $0.035. As of 2025-08-05, UNN is trading at $0.0001742 with a 24-hour trading volume of $46.22K. The current market cap stands at $107.18K, ranking it #5084 among all cryptocurrencies. The total supply of UNN is 1B UNN, with 615.06M UNN in circulation. The token reached its all-time high of $0.1242 on March 21, 2021, and its all-time low of $0.00006095 on December 26, 2024.

UNION Protocol was created on December 19, 2020. The project launched its token on this date, marking the official creation of the UNN cryptocurrency. Since then, UNION Protocol has been trading on various cryptocurrency exchanges and has become an integral part of the UNION Protocol ecosystem, serving as the governance token for the platform's decentralized insurance and risk management solutions in the DeFi space.

The founders of UNION Protocol are Paul Meng and Michael Beck. They established the project in 2020 with the goal of creating a decentralized risk protection protocol for the DeFi ecosystem. Paul Meng serves as the CEO and has extensive experience in blockchain technology and financial derivatives. Michael Beck is the CTO and brings expertise in smart contract development and cryptography. Together, they aimed to build a platform that combines bundled protection with a secondary market for liquidity using a multi-token model. The UNN token was launched in December 2020 as the governance token for the UNION Protocol protocol, allowing holders to participate in key decisions regarding the project's development and future direction.

UNION Protocol operates on a multi-token model with three distinct tokens: 1. UNN: The governance token used for voting on protocol decisions and parameter changes. 2. uUNN: Protection policy token representing coverage for DeFi risks. 3. pUNN: Protection pool token for liquidity providers. The platform combines bundled protection with a secondary market for these tokens. Users can manage multiple layers of risk across smart contracts and protocols in a scalable system. Key features: - Decentralized risk management for DeFi participants - Lowered entry barriers for retail investors - Infrastructure for institutional involvement - Liquidity provision incentives through pUNN tokens - Governance rights via UNN staking The current price of UNN is $0.0001742, with a 24-hour trading volume of $46.22K. It has a circulating supply of 615.06M UNN tokens and a total supply of 1B UNN. The all-time high was $0.1242 on March 21, 2021. UNION Protocol aims to make DeFi risk management more accessible and efficient through its innovative multi-token approach and secondary market for protection.

UNION Protocol utilizes a multi-token architecture built on the Ethereum blockchain. The system consists of three main components: 1. UNN - The governance token used for protocol decision-making and staking. 2. uUNN - Protection policy tokens that represent coverage for specific smart contracts or protocols. 3. pUNN - Protection pool tokens that back the insurance policies. This structure allows for a scalable risk management system where DeFi participants can obtain coverage against smart contract vulnerabilities and protocol failures. The multi-token model separates governance, policy issuance, and capital backing functions for improved efficiency. UNION Protocol leverages Ethereum's ERC-20 token standard and smart contract capabilities to enable decentralized insurance services. The platform incorporates features like on-chain policy issuance, automated claims processing, and liquidity provision for protection pools. By combining bundled protection with secondary markets for policy tokens, UNION Protocol aims to create a more accessible and liquid DeFi insurance ecosystem. The architecture is designed to lower barriers for retail users while also accommodating institutional participants.

The future and roadmap of UNION Protocol (UNN) looks promising. The project aims to expand its DeFi insurance and risk management solutions across multiple blockchain ecosystems. Key milestones include: 2025: Enhance the multi-token model and liquidity pools 2026: Launch new protection products and expand to additional networks 2027: Implement advanced risk assessment algorithms and AI-driven pricing 2030: Achieve full decentralization of governance and risk management The team is focused on increasing adoption, improving scalability, and introducing innovative features to solidify UNION Protocol's position as a leading DeFi insurance protocol. With its current market cap of $107.18K and circulating supply of 615.06M UNN, UNION Protocol has significant room for growth. Price predictions suggest potential increases: 2026: $0.0001916 2030: $0.0003492 2035: -- As the DeFi sector matures, UNION Protocol's unique approach to risk management and insurance is expected to drive long-term value and adoption.