Unmarshal

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Discover Unmarshal's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Unmarshal?

Unmarshal (MARSH) is a cryptocurrency launched in 2021 on the Ethereum platform. It operates as a multi-chain DeFi network of indexers, providing seamless access to blockchain data for DeFi applications. The network offers data in various formats, such as APIs, WebSockets, and GraphQL, without requiring application developers to decode it. Unmarshal aims to support the growth of decentralized applications by providing reliable and real-time data from multiple blockchain networks.

How is Unmarshal used?

Unmarshal (MARSH) is the native token of the Unmarshal Multi-chain DeFi Data Network. It plays a crucial role in incentivizing network contributors such as node runners and indexers, who provide seamless access to blockchain data for decentralized applications (dApps) and DeFi protocols. Here are some key ways MARSH tokens are utilized:

  1. Node Operations: Developers can stake MARSH tokens to set up and run Unmarshal nodes locally, serving clients through network gateways. They can also deploy sub-graphs by staking MARSH tokens, which can be used by other dApps.

  2. Validation: Non-technical individuals can become validators, checking the data correctness of nodes and earning rewards in MARSH tokens.

  3. Payment and Distribution: Once the network is decentralized, payments from partners and clients are accepted only in MARSH tokens. These tokens are then distributed among network sponsors for their services.

  1. Rewarding Stakers: A significant portion (40%) of MARSH tokens earned by Unmarshal are used to reward MARSH stakers, incentivizing their continued support to the network.

  2. Technical Developments: Another 40% of MARSH tokens are allocated for technical developments, ensuring the network's growth and improvement.

  3. Token Burning: The remaining 20% of MARSH tokens are burnt, which helps maintain the token's value and prevents excessive supply.

In summary, MARSH tokens are essential for the functioning and growth of the Unmarshal ecosystem, facilitating data access, incentivizing contributors, and ensuring long-term sustainability.

How do I store Unmarshal?

To store Unmarshal (MARSH) tokens, you can use the UnMarshal Wallet App, which is available for both desktop and mobile devices. This wallet allows you to manage your UnMarshal tokens along with over 1,000 other coins and tokens, including Ethereum, XRP, and Litecoin.

How to buy Unmarshal?

To buy Unmarshal (MARSH) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable cryptocurrency exchange where Unmarshal is listed. Popular options include KuCoin, gate.io, and MEXC. Research the exchanges to compare fees, security features, and supported currencies.

  2. Create an Account: Register a free account on the chosen exchange. Provide necessary personal information, including your name and email address. Some exchanges require KYC verification to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit funds into your exchange account using various payment methods such as credit/debit cards, bank transfers, or peer-to-peer trading.

  1. Find Unmarshal: Search for Unmarshal (MARSH) in the exchange's marketplace and select it for purchase.

  2. Set Your Order: Decide on the type of order to use, such as Market Order, Stop Order, Limit Order, or TWAP Order. Market Orders are the simplest and execute at the current market price.

  3. Place Your Order: Enter the desired amount of MARSH tokens you want to buy and confirm your purchase.

  1. Transfer to Your Wallet: Once purchased, you can either hold the tokens in your exchange account or transfer them to a personal cryptocurrency wallet like Metamask for additional security and flexibility.

Remember to do your research, compare exchanges, and understand the fees and risks associated with buying and trading Unmarshal tokens.

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History of Unmarshal

The Unmarshal (MARSH) cryptocurrency has a history dating back to 2021. Here are some key milestones:

  • Launch Date: Unmarshal was launched on March 26, 2021.
  • Token Distribution: The total supply of MARSH tokens is capped at 100 million. The distribution includes allocations to seed investors, private investors, public sale participants, and network contributors.
  • Key Features: Unmarshal is a multi-chain DeFi data network providing seamless access to blockchain data across different networks, including Ethereum, Binance Smart Chain, Polygon, and Solana. It offers a suite of products that cater to the various needs of DeFi applications, easing the process of data conversion and extraction.
  • Use Cases: The MARSH token serves several purposes within the ecosystem, including payment for data consumption, staking for node operations, and rewards for network contributors.
  • Partnerships: Unmarshal has established partnerships with several major projects, including Ethernity Chain, Frontier, Biconomy, and Elrond, and has received grants from chains such as Algorand, Zilliqa, and XDC.
  • Security: The Unmarshal Network is secured with multiple layers of security such as encryption, authentication, and authorization, and the team follows a rigorous pattern of testing to ensure that its protocol meets industry standards.

These milestones highlight the key aspects of Unmarshal's history, from its launch to its features and partnerships.

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How Unmarshal works

Unmarshal (MARSH) is the native token of the Unmarshal Network, a multi-chain DeFi data network that facilitates seamless access to data on various blockchains for decentralized applications. Here is a detailed overview of how MARSH works:

Network Roles and Contributions

The Unmarshal Network consists of several roles that drive the platform. These roles include:

  • Data Indexers: Node operators who compete to provide the best service at the lowest price.
  • Data Decoders: Middleware builders who use indexed data to build specific products.
  • Data Deployers: User-facing roles that work closely with clients to build customized solutions.
  • Data Validators: Individuals who cross-examine data for correctness, response time, availability, and reliability.
  • Delegators: Non-technical individuals who delegate stake to Indexers and contribute to securing the network without running a Node themselves.
Tokenomics and Distribution

The MARSH token is used to incentivize contributors within the ecosystem. The token allocation is as follows:

  • Seed Investors: 5%
  • Private Sale Investors: 12%
  • Public Sale Investors: 1.2%
  • Staking Rewards: 20%
  • Unmarshal Ecosystem: 25%
  • Marketing Activities: 6.8%
  • Reserves: 10%
  • Team: 20%.
Token Utilization

MARSH tokens are used for various purposes within the Unmarshal ecosystem:

  • Payment: Clients must stake a certain amount of MARSH to access network services, which are then burned periodically to ensure token scarcity.
  • Governance: Token holders can participate in network decisions, such as proposing new features or voting on changes.
  • Incentivization: MARSH tokens are used to reward data providers for contributing high-quality data and consumers for staking MARSH to access network services.
Network Security

The Unmarshal Network is secured through multiple layers of security, including encryption, authentication, and authorization. The team follows rigorous testing to ensure the protocol meets industry standards.

Token Availability and Wallet Support

MARSH tokens can be purchased through various crypto trading platforms and are supported by wallets such as PTPWallet.

Unique Features

Unmarshal stands out due to its cost-sharing model, which allows clients to share the costs of indexing new protocols, ensuring fair and equitable access to network services. It also provides extensive features such as transaction tracking, price APIs, DeFi taxing, and P&L tracking.

Current Status

As of now, there is a circulating supply of 7,096,098 MARSH out of a total supply of 100 million MARSH coins.

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Unmarshal's strengths

The token Unmarshal (MARSH) has several key strengths that contribute to its potential in the cryptocurrency market:

  1. Decentralized Data Indexing: Unmarshal is a multi-chain DeFi data network that provides seamless access to blockchain data across different networks, including Ethereum, Binance Smart Chain, Polygon, and Solana. This allows businesses to access rich, meaningful, and reliable on-chain data, enhancing their applications and user experience.

  2. Native Utility Token: The MARSH token is the native utility token of the UnMarshal network, serving three primary purposes: payment for data consumers, staking for indexers, and rewards for network contributors. This token plays a crucial role in incentivizing network contributors and maintaining the ecosystem.

  3. Token Distribution and Allocation: The total supply of MARSH tokens is capped at 100 million, with a detailed distribution plan that includes allocations for seed investors, private investors, public sale participants, network contributors, and ecosystem development. This structured distribution ensures a balanced and sustainable ecosystem.

  1. Use Cases and Partnerships: Unmarshal has established partnerships with top DeFi builders, solidifying its position in the blockchain space. The MARSH token can be used for payments, staking, and rewards, making it a versatile and valuable asset within the network.

  2. Technical Developments and Sustainability: A significant portion of the MARSH tokens earned by Unmarshal are utilized for technical developments and sustainability, ensuring the long-term growth and stability of the ecosystem.

These strengths position Unmarshal as a robust and reliable data indexing protocol, making it an attractive investment opportunity in the DeFi landscape.

Unmarshal's risks

Unmarshal (MARSH) carries several financial risks that investors should be aware of. One significant risk is token dilution, which could negatively impact the token's value. To mitigate this risk, the Unmarshal team has strategically decided to retain a portion of tokens within the vesting contract, ensuring that 10 million MARSH tokens will remain locked until June 2026.

Another risk is market volatility. MARSH's current risk score indicates that it is a relatively moderate risk investment, with a medium Risk/Reward Score from InvestorsObserver. This means that the token's price can be influenced by market fluctuations and changes in volume and market capitalization.

Additionally, the token's liquidity is a crucial factor. Unmarshal plans to use vested tokens to bolster market liquidity for MARSH across both existing and future exchanges, which could help mitigate liquidity risks.

Lastly, the token's utility and adoption are critical to its financial success. MARSH is used for various purposes, including staking, governance, and incentivization within the Unmarshal ecosystem. If the ecosystem fails to grow or if the token's use cases are not widely adopted, it could negatively impact the token's financial performance.

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Did Unmarshal raise funds?

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Unmarshal’s team

  • Team Members:
    • CEO: Manohar Kolagondanahalli
    • CTO: Shivakumar
    • COO: Nishanth Shankar Ram
    • CMO: Yogesh
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