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.
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:
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.
Validation: Non-technical individuals can become validators, checking the data correctness of nodes and earning rewards in MARSH tokens.
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.
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.
Technical Developments: Another 40% of MARSH tokens are allocated for technical developments, ensuring the network's growth and improvement.
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.
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.
To buy Unmarshal (MARSH) tokens, follow these steps:
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.
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.
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.
Find Unmarshal: Search for Unmarshal (MARSH) in the exchange's marketplace and select it for purchase.
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.
Place Your Order: Enter the desired amount of MARSH tokens you want to buy and confirm your purchase.
- 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.
