FAQ2020-01-12T15:55:41-06:00

Frequently Asked Questions

Unyti Exchange Questions

What is Unyti Exchange?2020-01-12T12:45:45-06:00

Unyti Exchange is an open-source, closed-loop system that functions as a community-driven, value-based social and economic platform. In short, it helps to bring merchants, consumers, communities and non-profit organizations together again.

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How does Unyti Exchange work?2020-01-12T12:23:04-06:00

Unyti Exchange works by allowing vendors to pay one another with their own virtual IOU. This IOU can then be used like cash, sold, or given as a gift to others.

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Why should I use Unyti versus just paying or receiving cash?2020-01-12T12:24:11-06:00

Good question. We have yet to meet anyone that didn’t want keep their cash. You may be the first.

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What if my IOU doesn’t sell?2020-01-12T12:28:41-06:00

If the IOU doesn’t sell then upon request from the Vendor you simply buy back the IOU.

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This sounds too good to be true?2020-01-12T12:29:55-06:00

This may sound harsh but more people are familiar with Taylor Swift than how currency is created. The reason Unyti sounds too good to be true is because of ignorance. Nothing more, nothing less.

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Can I get anything I want with Unyti?2020-01-12T12:36:29-06:00

Probably not. It is not a license or a blank check to get anything and everything you want.

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What safeguards are in place against theft or hacking?2020-01-12T12:55:18-06:00

Well, would you return the to scene of the crime? Probably not! IOUs must be redeemed with the issuer, and we can assure you that there IS a paper trail.

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Is there a cost to get started with Unyti?2020-01-12T15:33:18-06:00
Are there any fees for business owners?2020-01-12T12:57:29-06:00

You pay a fee in IOUs for each of the programs or the services offered by the Exchange that you want to use.

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When did Unyti Exchange begin?2020-01-12T15:34:27-06:00

The concept of the giving of self began 2,000 years ago. However, the building of the Unyti platform began in 2008.

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Why is the Unyti concept “A Better Way”2020-01-12T15:35:15-06:00

Well, we have tried trying to do it on our own and that isn’t working. Unity is the only thing we haven’t tried.

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As a Vendor, how does Unyti Exchange benefit me?2020-01-12T15:36:10-06:00

The benefits are numerous. Please see Membership Benefits or check the Knowledge Base by clicking this link.

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Trade Exchange Questions

I have a trade exchange can Unyti Exchange work for me?2020-01-12T14:13:28-06:00

Yes. Please see benefits here:

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It appears that Unyti Exchange is like a barter or trade exchange, would you not be competing with my exchange?2020-01-12T14:14:30-06:00

Yes, we would. However, that is not the intent nor our goal. Call us to find out more.

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Can a trade exchange use the Unyti Exchange API and payment gateway?2020-01-12T14:16:32-06:00
Can any barter or trade exchange use the Unit platform?2020-01-12T14:17:32-06:00

No. We have our reasons. Again, call us.

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Can my members join Unyti Exchange without me or without my approval?2020-01-12T14:18:38-06:00

Yep, sure can.

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Do you solicit my current members?2020-01-12T14:20:12-06:00

We might. But we don’t plan on soliciting anyone. It’s open source so people can bring themselves.

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Can I refer my current exchange members?2020-01-12T14:21:14-06:00

Sure. It would be a huge benefit for you to do so.

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Community Questions

How can a community benefit from the Unyti Exchange?2020-01-12T14:22:17-06:00

In numerous ways. Please see here:

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Can a city or community have its own currency and can it be integrated in with the Unyti Exchange platform?2020-01-12T14:23:12-06:00

Yes. Please reach out to us at the contact numbers located on the Contact Us page or down in the footer section.

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Can government agencies or taxing authorities become members of Unyti Exchange?2020-01-12T14:24:00-06:00

Yes. Some restrictions apply. Please reach out to us by submitting a request on the Contact Us page.

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Can utility companies, other other public service providers become members of Unyti Exchange?2020-01-12T14:25:02-06:00

Yes. Please reach out to us by submitting a request on the Contact Us page.

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Can Unyti Exchange be used as a social program such as Welfare, EBT, etc?2020-01-12T14:25:53-06:00

Yes. Please reach out to us by submitting a request on the Contact Us page.

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Affiliate Questions

How do I become a Unyti Exchange Affiliate?2020-01-12T14:35:03-06:00

All users are automatically enrolled as an Affiliate.

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What are the benefits of becoming an Affiliate?2020-01-12T14:35:43-06:00

Upfront and monthly residual commissions.

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As an Affiliate, do I get paid money or value?2020-01-12T14:36:25-06:00

All Affiliates are paid in cash. However, they can convert their cash into value.

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Do I get paid on my referrals forever?2020-01-12T14:37:04-06:00

As long as they are participating, and you haven’t done something dishonest (which would cause your removal from Unyti Exchange) or you haven’t died. However, your proceeds are assignable provided your referrals are still participating.

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How much can I earn as an Affiliate?2020-01-12T14:37:43-06:00

You can earn an unlimited amount.

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Am I required to refer potential members to Unyti Exchange?2020-01-12T14:38:30-06:00

No, this isn’t a pyramid or multi-level marketing program where you have to get 10 that get 10. You don’t have to refer anyone.

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Unyti Mobile App Questions

This mobile app seems lite version. What is the purpose of this app?2020-01-12T15:36:59-06:00

Version 1.0 of the Unyti app is simply to get people familiar with using it for basic functions.

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What functions can I perform on the app?2020-01-12T13:02:59-06:00

At this time you can only use it as a Vendor to buy and sell from other Vendor Members and as a customer you can redeem any IOUs you have purchased.

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Do you have instructions on how to use the app?2020-01-12T13:08:30-06:00

Please see the tutorial on the app itself.

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Can I refer members with the app?2020-01-12T13:07:13-06:00

No this is a website requirement.

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Unyti Exchange Program Questions

I see a variety of “Programs” what are they and how do they work?2020-01-12T13:10:26-06:00

Each Program uses the same core concept, but in a slightly different way. Please see each Program for details.

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Is there a fee for becoming a Supplier or Freelancer?2020-01-12T13:11:13-06:00
How do I become a Supplier or Freelancer with Unyti Exchange?2020-01-12T13:12:04-06:00

Simply enroll and follow the tutorial. You can read more here:

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What are the benefits of becoming a Unyti Exchange Supplier or Freelancer?2020-01-12T13:12:58-06:00

Please click here to read more:

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How am I paid?2020-01-12T13:14:02-06:00

Unyti Exchange pays you in the currency of your choosing.

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Do I have to live in the United States?2020-01-12T13:14:51-06:00

No. However, the verdict is out on whether or not you can use Uniti in an OFAC country. Read more here:

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Can I convert my value into my national currency such as Dollars, Euros, Rand or Pesos?2020-01-12T13:15:40-06:00

This is solely up to you. Our system won’t convert it. You will receive your payments in your requested currency.

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Consumer Questions

Do consumers everyone pay a fee to join Unyti Exchange?2020-01-12T14:27:43-06:00

Nope. It’s free of charge

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Can consumers create value or pay with IOUs?2020-01-12T14:28:58-06:00

No. Not unless you are a verified business owner, submit Vendor Application, and are vetted by our team.

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Can consumers become Unyti Exchange Vendors?2020-01-12T14:29:50-06:00

Yes.

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What are the requirements for a Consumer to become a Unyti Exchange Vendor?2020-01-12T14:30:45-06:00

Have a legitimate business, submit an application, and go through the vetting process.

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Can a Consumer become a Unyti Exchange Supplier or Freelancer?2020-01-12T14:32:04-06:00

Yep, and we are counting on it.

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What are the requirements for a Consumer to become a Unyti Exchange Supplier or Freelancer?2020-01-12T14:32:44-06:00

Sign up, be able to provide a good or service, and not want to deal with the hassle of running a business.

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How does a Consumer purchase value?2020-01-12T14:33:31-06:00

Simply go to the website, click on Buy Value and find what you’re looking for.

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How does value get redeemed?2020-01-12T14:34:15-06:00

Either face-to-face, over the web or by mobile app.

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Non-Profit Organization Questions

Can Non-Profit Organizations become Unyti Exchange members?2020-01-12T14:39:19-06:00

Yes.

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How can a Non-Profit Organizations benefit from Unyti Exchange?2020-01-12T14:40:15-06:00

In numerous ways. Please reach out to us by submitting a request on the Contact Us page.

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What is required to become a Non-Profit Member of Unyti Exchange?2020-01-12T14:41:02-06:00

Non-Profit Organizations desiring to be a part of Unyti Exchange must first be listed on the IRS Publication 78 document or found during a search of their database during the vetting process.

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Do all recognized Non-Profit Organizations eligible for membership?2020-01-12T14:41:46-06:00

No. While we do value all non-profit organizations we only accept Non-Profits that provide a “community” benefit. Most will generally be accepted however any group that does not promote UNITY among the masses will not be considered for membership.

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How can Non-Profits create job and entrepreneurial opportunities?2020-01-12T14:42:22-06:00

There are many ways and we could talk about options for days. Please reach out to us so that we can discuss all the ways we can make something good—together.

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Can Non-Profits get more donations by becoming a member of Unyti Exchange?2020-01-12T14:43:22-06:00

Yes. Please reach out to one of our coordinators to get more details.

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