🚨🚨 $U token supply confirmation; @union_build mainnet is upon us I stumble upon what might be the mainnet migration script for Union build on their Github, written in Go by @PoisonPhang. This is a commit from the 15th of July. @union_build appears to be migrating from a testnet/PoA system to a PoS mainnet with the $U token as the primary economic asset, with the foundation initially controlling all staking to ensure network stability during the transition. $U Token Details Token Name: "U" Base Denomination: "au" (atto-U) Total Supply: 10,000,000,000 * 1e18 = 1e28 au (10 billion U) U token is the gas token on mainnet. This confirms the $U token supply and base domination. au (atto-U) is not auBTC. "au" means "atto-U," or 1e-18 U similar to wei for ETH. The code also confirms the union foundation address and the undelegation and redelegation parameters for validators, strongly hinting at mainnet delegation criteria. Union Foundation Multisig Address All minted $U tokens are sent to this multisig foundation wallet This address likely controls treasury and genesis allocations and early staking const UNION_FOUNDATION_MULTI_SIG = "union1cpz5fhesgjcv2q0640u...fem0" this is the real multisig address controlling $U at genesis . Staking & Validator Reset This portion of the code screams mainnet to me. what it aims to do is remove all existing delegations validator self-delegation minimum is reset validator rewards are claimed and wiped validator entries are also rewritten it basically cleans slate for staking in preparation of a mainnet launch Re-delegation from Foundation validators get new delegation from the foundation (foundation holds all $U tokens at this point) after the successful validator reset the foundation account re-delegates to validators what was taken initially. typically done to bootstrap staking at genesis block Union Governance Parameters Set this part of the code sets governance proposal requirements govParams.MinDeposit = 10 $U. this is the minimum deposit required to submit a governance proposal and helps reduce spam govParams.ExpeditedMinDeposit = 50 $U. has a higher threshold that allows proposal leap over queues and enters voting consideration quickly used for urgent cases Staking Parameters Updated these will be the staking parameters applicable at mainnet launch: bond denomination changed to "au" (the U token base unit) minimum commission rate set to 5% (0.05) minimum self-delegation reset to 0 for all validators Old Tokens Burnt if you are familiar with the old testnet tokens then these wont look new to you burnToken(..., "muno") - union-testnet-10 gas token burnToken(..., "upoa") - union-1 and union-testnet-10 PoA token burnToken(..., "ugas") - union-1 gas token My Take From my research and understanding, this will be the transition from testnet to mainnet. it is a mainnet migration script based on Cosmos SDK. It resets all delegations, wipes rewards, and reassigns staking from the foundation It mints the entire token supply and sends it to a real multisig It burns old testnet tokens. It sets real governance, staking, minting, and fee parameters It aligns all modules (staking, bank, mint, gov, crisis, fee market) around the new U token. Tagging @corcoder , @0xkaiserkarel , and @e_beriker to verify if this is indeed mainnet code or just a staging upgrade. @0xNexar too can chime in github link: zkgm | GolfWang OKX Feed

🚨🚨 $U token supply confirmation; @union_build mainnet is upon us I stumble upon what might be the mainnet migration script for Union build on their Github, written in Go by @PoisonPhang. This is a commit from the 15th of July. @union_build appears to be migrating from a testnet/PoA system to a PoS mainnet with the $U token as the primary economic asset, with the foundation initially controlling all staking to ensure network stability during the transition. $U Token Details > Token Name: "U" > Base Denomination: "au" (atto-U) > Total Supply: 10,000,000,000 * 1e18 = 1e28 au (10 billion U) > U token is the gas token on mainnet. This confirms the $U token supply and base domination. au (atto-U) is not auBTC. "au" means "atto-U," or 1e-18 U similar to wei for ETH. The code also confirms the union foundation address and the undelegation and redelegation parameters for validators, strongly hinting at mainnet delegation criteria. Union Foundation Multisig Address > All minted $U tokens are sent to this multisig foundation wallet > This address likely controls treasury and genesis allocations and early staking const UNION_FOUNDATION_MULTI_SIG = "union1cpz5fhesgjcv2q0640u...fem0>" this is the real multisig address controlling $U at genesis . Staking & Validator Reset This portion of the code screams mainnet to me. what it aims to do is > remove all existing delegations > validator self-delegation minimum is reset > validator rewards are claimed and wiped > validator entries are also rewritten it basically cleans slate for staking in preparation of a mainnet launch Re-delegation from Foundation validators get new delegation from the foundation (foundation holds all $U tokens at this point) after the successful validator reset > the foundation account re-delegates to validators what was taken initially. > typically done to bootstrap staking at genesis block Union Governance Parameters Set this part of the code sets governance proposal requirements > govParams.MinDeposit = 10 $U. this is the minimum deposit required to submit a governance proposal and helps reduce spam > govParams.ExpeditedMinDeposit = 50 $U. has a higher threshold that allows proposal leap over queues and enters voting consideration quickly used for urgent cases Staking Parameters Updated these will be the staking parameters applicable at mainnet launch: > bond denomination changed to "au" (the U token base unit) > minimum commission rate set to 5% (0.05) > minimum self-delegation reset to 0 for all validators Old Tokens Burnt if you are familiar with the old testnet tokens then these wont look new to you > burnToken(..., "muno") - union-testnet-10 gas token > burnToken(..., "upoa") - union-1 and union-testnet-10 PoA token > burnToken(..., "ugas") - union-1 gas token My Take From my research and understanding, this will be the transition from testnet to mainnet. it is a mainnet migration script based on Cosmos SDK. > It resets all delegations, wipes rewards, and reassigns staking from the foundation > It mints the entire token supply and sends it to a real multisig > It burns old testnet tokens. > It sets real governance, staking, minting, and fee parameters > It aligns all modules (staking, bank, mint, gov, crisis, fee market) around the new U token. Tagging @corcoder , @0xkaiserkarel , and @e_beriker to verify if this is indeed mainnet code or just a staging upgrade. @0xNexar too can chime in github link: zkgm

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