Unicrypt - Building trust in DeFi projects with blockchain-based SaaS tools

Problem

One of the pain points Unicrypt faced prior to using Request Finance was gathering all their invoices at the same place. Settling invoices in crypto, while also denominating the amounts in fiat currencies for bookkeeping purposes was difficult. 

They were managing all our crypto accounting manually, using an Excel sheet. Data entry, and processing payments for invoices in crypto took up a lot of time and energy. 

Solution

Request Finance’s invoicing app is incredibly simple to use, allowing Unicrypt to pay all their invoices from a single dashboard. The extensive list of cryptocurrencies available as payment options, and the ability to denominate crypto invoices in fiat prices based on prevailing exchange rates made bookkeeping a breeze.

Unicrypt currently use Request Finance to manage invoices from internal and external parties. This includes payments to our 15 in-house team members, and three external development companies working alongside us. Their goal is to get pretty much anyone within their ecosystem to use Request Finance moving forward. 

Easy to onboard: Start invoicing within minutes

Since Unicrypt started using Request Finance, the team has enjoyed simpler accounting. It has also made it easy to onboard new clients, employees, or contractors by simply sending them some links to invoice within minutes. 

Instrumental support for growth

While the Unicrypt team is still relatively small in size, using Request Finance will be instrumental to managing their crypto payroll over the next few months as they plan to double their headcount this year.

Simple, clean user interface

Antoine Chaveron, Co-Founder at UniCrypt Network, highlighted the reasons for choosing Request Finance over other alternatives: “When evaluating different crypto invoicing tools, my co-founder and I ultimately chose to use Request Finance because of its simplicity, the clean user interface that made it easy for our team and external parties to use, and the constant stream of new features, updates, and support for new tokens and chains as payment options.”

Getting started with Request Finance only took a few seconds for Unicrypt, and anyone with experience using accounting or billing tools will tell you the same. 

“Request Finance’s invoicing app is incredibly simple to use, allowing us to pay all our invoices from a single dashboard. The extensive list of cryptocurrencies available as payment options, and being able to denominate crypto invoices in fiat prices based on prevailing exchange rates made bookkeeping a breeze.”‍

Antoine Chaveron, Co-Founder at UniCrypt Network

About Unicrypt

Unicrypt began in 2020 with a simple goal in mind: identify ways to protect investors and newcomers to the DeFi space. To achieve this, they wanted to address the lack of trustless tools leveraging the blockchain’s capabilities. As a DeFi project owner, you had to either search for third-party custodial solutions, or serve as custodians to their communities.

The team currently offers Web 3.0 project teams a modular menu of tools that cover nearly everything needed for launching a DeFi project. Its liquidity locking function hopes to address the dwindling confidence in DeFi by allowing token issuers to lock liquidity for a preset period, protecting crypto investors from all-too common rug pulls and exit scams. What’s more, its farm-as-a-service dApp offers crypto enthusiasts rewards for contributing liquidity to the protocol’s pool. Unicrypt also offers staking and token vesting services designed to incentivize the DeFi community and create a sustainable ecosystem.

Their “self-service” ILO launchpads have also helped to spawn a number of DeFi companies by allowing nascent DeFi projects to seamlessly launch without listing on an exchange. Its stack of tools is already deployed on several automated market makers (AMMs), and decentralized exchanges (DEXes) like Uniswap, PancakeSwap, and others. 

Today, Unicrypt serves over 15,000 clients across four different chains: Ethereum, Binance Chain, Polygon, and xDAi - Gno, with an estimated 30,000 daily active users on the app, around US$500m in total value locked (TVL) on their liquidity lockers, and nearly US$1.5b in vested tokens. Still more impressive is the fact that the Unicrypt team has been fully bootstrapped since day one. 

Looking ahead, the team expects to deploy on more chains like Avalanche, Fantom, and Cronos in the coming months. In addition they are aiming to release an innovative product in 1H 2022: the first ever programmable exchange, allowing users and project developers to access outstanding features unavailable anywhere else.