REALIST NEWS - Veritaseum $$ and PAY Token still looking good
U Network, Valued at $8M, Is the First Ever ICO to Run Out of Tokens
U Network, Valued at $8M, Is the First Ever ICO to Run Out of Tokens
U Network has the dubious honor of being the first ICO to ever run out of tokens. Will it be able to turn things around with a buyback program? How To Buy Veritaseum Steemit
U Network, a blockchain-based content publishing protocol, " and that they are now proceeding with How To Buy Veritaseum Steemit , the team tweeted that "the demand for UUU tokens has exceeded our current designated holdings," and that they are now proceeding with
which will involve the project repurchasing 1000 ETH (about half a million dollars) worth of UUU tokens.
U Network's goal is to reward online content with a token system, similar to Steemit and other new blockchain-based
. It is designed to reward contributors and other participants and to monetize voting. The announcement comes just a month before U Network's projected testnet launch, and it is unclear whether token availability will be a hurdle.
At the moment, the team is framing the buyback positively, describing it as a decision that will lead to an "incubation fund" to attract business partnerships and dApp development. But users are understandably concerned about the legitimacy of the decision, as the status of the buyback is not clear,
Nearly a week has past and the buyback hasn’t executed. Playing the waiting game without any reason leaves a shroud of mystery over the true intentions of the team. /
, published by U Network for transparency reasons, How To Buy Veritaseum Steemit
. And in response to a user asking when he could send tokens to the buyback address, U Network simply responded that they "
," implying that they are buying from exchange sites, not individuals.
It is worth noting that although no ICO has ever run out of tokens before, buybacks are fairly commonplace. However, buybacks typically occur when there is an excess of coins, in which cases
to increase the token's scarcity (and value). This is quite the opposite of what U Network is experiencing.
investment recommendation or an offer of How To Buy Veritaseum Steemit , therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
Tezos Foundation Now Allows Other Entities to Validate New Blocks on the Network
Google New Altcoin Listings Indicate the Company Is Warming to Cryptocurrencies
Tezos Foundation Now Allows Other Entities to Validate New Blocks on the Network
Google New Altcoin Listings Indicate the Company Is Warming to Cryptocurrencies
IOTA: A Systemic Approach to the Internet of Things
IOTA uses numerous unique computing processes such as a tangle and ternary processing to reinvent the distributed ledger for the IoT.
Real-time data circulates globally on the tangle as the raw material for fact grounded predictions and functionally expressible smart contracts.
Facebook Competitor "Minds" Is Now Live on the Ethereum Mainnet
Minds is a Facebook competitor that rewards its contributors with tokens, just like Steemit, and it's choosing to stick with Ethereum
IOTA: A Problem-Solving Framework of Distributed Machine Intelligence
An overview of the data analysis and data coordination methods employed by IOTA in merging together distributed ledgers and machine learning.
0 Reviews:
Post Your Review