UNIT OF ACCOUNT
UNIT, the Unbiased Crypto Unit of Account
UNIT as a unit of account is not a currency, it solves a critical problem in DeFi: the need for an accurate, decentralized standard to measure value. Instead of relying on government-controlled currencies, UNIT provides a decentralized valuation system based on the market capitalization of top cryptocurrencies.
The UNIT Index automatically selects leading cryptocurrencies by market cap, creating a reliable benchmark for the entire digital asset market.
In most countries, money and the unit of account are the same. In DeFi, where borders and biases fade, UNIT becomes the universal tool for fair, decentralized value comparison.
What is Unit of Account?
A unit of account is a standard used to measure and compare the value of goods, services, and assets. In traditional finance, currencies like the US dollar or euro serve as units of account, making transactions easier and providing consistency when assessing value across an economy. The same concept applies in the world of cryptocurrencies, where a crypto unit of account measures and compares the value of digital assets. While most people are familiar with using government-issued currencies, a crypto-based index can better serve accounting purposes.
Why Individual Coins Can’t Be the Crypto Unit of Account
The volatility and biases of most cryptocurrencies make them unsuitable as reliable units of account for everyday use. UNIT addresses this by focusing on market-wide representation, offering a more stable measure of value compared to individual, volatile coins. As the mediator among coins, UNIT ensures a standardized measure of value, even as individual assets fluctuate, reducing the impact of any individual asset's price fluctuations.
Why the Future of Crypto Valuation needs UNIT
Satoshi Nakamoto's vision of cryptocurrency challenged the traditional, centralized financial system, to free people from central control. Yet, most of the world still measures wealth in government-issued currencies. UNIT is transforming this by introducing a decentralized, market-driven unit of account that reflects collective value, giving humans greater control over how their wealth is measured.
This revolution is started by Satoshi, led by builders, and is owned by everyone.
