The UNIT token follows the value of UNIT, which represents the whole crypto market. It creates a currency utility on top of UNIT, giving the unit of account UNIT the power of a cryptographic token.
As a result, crypto participants can go long by holding UNIT and short the entire crypto market for the first time by borrowing it and selling it. Now, we can easily and efficiently make decisions on the entire value of the market by only using UNIT.
This document describes how UNIT is collateralized, minted, and burned.