# Unicly (uDOKI)

### **Introduction**

[UNICLY](https://unic.ly/) is a permissionless protocol that lets people convert a NFT collection into “u” tokens, which are tradable ERC20s. uDOKI is a “u” token which represents fractionalized ownership of the official Doki Doki NFT collection on Unicly.

### **How UNICLY and uDOKI works:**

UNICLY has a [Uniswap-like DEX](https://www.app.unic.ly/#/swap) where u-tokens, including uDOKI can be traded. On the [uDOKI collection page](https://www.app.unic.ly/#/utoken-contract/0x7e6c38d007740931e4b419bf15a68c79a0fb0c66), people can bid ETH on individual pieces and uDOKI token holders can vote as a collective in order to “unlock” the collection. 51% of all token holders need to vote for the collection to be unlocked. When a collection is unlocked, NFTs are sold to the highest bidders, and uDOKI holders receive ETH in proportion to the quantity of uDOKI tokens they own.

### **Yield-farming UNIC with uDOKI**

As uDOKI is a whitelisted collection, you can provide and stake liquidity for uDOKI-ETH and uDOKI-UNIC to farm UNIC, the native governance and revenue-sharing token of the UNICLY protocol. Check out this [step by step tutorial](https://docs.unic.ly/tutorials/how-to-liquidity-mine-and-farm-unic) to learn how to get started!

### **uDOKI collection appraisal**

In the beginning, third party appraisal service [Upshot ](https://upshot.io/)valued the uDOKI collection at 75 ETH

As of 7/25/2021, the appraisal has been updated to 90 ETH. **Source:** [**uTOKEN Appraisals Spreadsheet** ](https://docs.google.com/spreadsheets/d/1bGdcv6XJRmg1vaVLDDo8h6XeEqAHJko1s83HuS1hR9w/edit#gid=0)

Additional rare NFTs are added to the uDOKI collection on a regular basis, which aims to increase the value of the uDOKI collection overtime. The collection log below records all the NFTs that have been added since the beginning.

### **uDOKI Tokenomics**

* Max Supply: 1,000,000,000
* Initial Liquidity (50%): 500,000,000
* Farming Rewards (40%): 400,000,000
* Doki Team Treasury(10%): 100,000,000
* Vote required to unlock collection: 51%

### **uDOKI collection log**

| Date      | NFT                           | Notes               |
| --------- | ----------------------------- | ------------------- |
| 4-08-2021 | Pixelated Retro Japan X3      | Genesis Set         |
| 4-15-2021 | Twilight Tea 3/3 by Seerlight | Donated by Rei      |
| 4-15-2021 | Doki Lambo Girl               | Donated by Rei      |
| 4-15-2021 | Doki Doki Finance             | Donated by Lumen    |
| 5-16-2021 | Pranksy Airways Ultimate      | Donated by Dokilord |
| 5-16-2021 | Streets of Ikebukuro          | Donated by Lumen    |
| 5-30-2021 | Cometh Spaceship "Anpan"      | Donated by Lumen    |

To learn more about how Unicly works, read the [Official Unicly Documentation](https://docs.unic.ly/)