DeFi has grown significantly over the years, providing a decentralized approach to modern finance. Many protocols have built upon various blockchains, providing a powerful and secure ecosystem for users to transact and trustlessly access financial services. However, despite these advancements, DeFi is still in its early stages, presenting a growing need for more solutions to cater to the needs of DeFi applications.
One area in DeFi that requires a dire need of attention is data availability. At the present, there is a lack in efficient infrastructure to provide scalable, reliable access to multi-chain data. This issue have become even more stressed with the rising demand for additional data sources from DeFi applications. Unmarshal look to address this issue by offering a client-focused solution to the DeFi ecosystem.
Unmarshal Network is a data infrastructure protocol that enables developers of DeFi protocols to access real-time, accurate data from multiple blockchains. It allows developers to retrieve specific on-chain data across several blockchain networks while ensuring user privacy and security. Look at it this way, as Oracles provide off-chain data to DeFi protocols, Unmarshal provide rich on-chain data to support DeFi applications. It presents an advanced solution that aims to empower the DeFi ecosystem by providing scalable capabilities for rich data in a variety of forms, including rich APIs, historical data, data streams, and push notification support.
Unmarshal is integrated with Ethereum, Binance Smart Chain, Polkadot, Solana and many more chains. It is one of the first protocols to support cross-chain data management, allowing for easy access to multiple blockchains’ data.
Its native utility currency is $MARSH, and it powers the Unmarshal ecosystem, where it is used to incentivize contributors among other uses.
Who Are The Founders Of Unmarshal Network (MARSH)?
Manohar Kolagondanahalli is the founder and CEO of Unmarshal. On the company’s official website, he articulates: “We started Unmarshal with a vision to bring composability into web3 and make the experience as seamless as web2.”
Another member of the Unmarshal core team is Shiva Kumar, who has contributed to the realization of this vision.
What is Unmarshal Network (MARSH) Used For?
As mentioned above, MARSH is the utility token that powers the Unmarshal Network and it is used for the following use cases.
Payment
Consumers looking to leverage the Unmarshal Network need to stake a certain amount of MARSH to access the services offered. The staked tokens are used as collateral for data consumption and are also burned periodically by Unmarshal, ensuring scarcity of MARSH in the market.
Governance
MARSH is an important component of Unmarshal’s governance mechanism. Token holders can use their MARSH holdings to participate in network decisions, such as proposing new features, changing existing ones, or voting in-house. As the network progresses, so will MARSH’s governance capabilities.
Incentivization
MARSH tokens are used to incentivize all participants within Unmarshal’s ecosystem, from data providers to consumers. Data providers are rewarded with MARSH for contributing high-quality data and consumers are rewarded for staking MARSH to access Unmarshal’s network services.
How is Unmarshal Network (MARSH) Unique?
Unmarshal is feature-rich and decentralized. Its platform enables developers to access rich, real-time data from numerous blockchains via APIs, Push Notifications, WebSockets, Analytics & Insights. Clients can get extensive and meaningful information from blockchain data by leveraging its unique technology such as its data decoders and automated indexing of new protocols.
Unlike other similar protocols, Unmarshal has a cost-sharing model that allows clients to share the costs of indexing new protocols. This model ensures fair and equitable access to its network services by reducing the financial burden on individual users.
Other features that can be enjoyed by using the Unmarshal platform include transaction tracking, price APIs, DeFi Taxing, and P&L tracking. All of these features provide users with comprehensive data in order to make informed decisions for their investments, especially in this period of volatility in the financial market.
How many Unmarshal Network (MARSH) coins are in circulation?
At the moment, there is a circulating supply of 7,096,098 MARSH out of a total supply of 100 million MARSH coins.
Here is information about the allocation of the total supply.
5% are reserved for seed investors
12% for private sale investors
1.2% for public sale investors and 20% for staking rewards
25% are allocated to the Unmarshal Ecosystem
6.8% to marketing activities
10% to Reserves and
20% to the team.
How is the Unmarshal Network secured?
Unmarshal Network is secured with multiple layers of security such as encryption, authentication, and authorization. Additionally, the Unmarshal team follows a rigorous pattern of testing to ensure that its protocol meets all the required industry standards.
How do I buy Unmarshal (MARSH)?
The MARSH token can be used for a wide range of purposes, like staking, transfers, and governance.
It can be easily purchased by following the steps below:
- Open an account with the crypto trading platform.
- Transfer the specific amount of your fiat currency to your account.
- Wait for your deposit to be confirmed and buy MARSH through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Unmarshal (MARSH)?
The PTPWallet platform supports many cryptocurrencies, with MARSH soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
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