Ultracoin was created in February of 2014 by a small team with a remarkable vision, that was, to create a crypto-currency that can meet the requirements of a real world currency. Hundreds of years of central banking have compounded the world economy with instability, crony-capitalism, drawn out wars, colossal governments, and an unsustainable system of government backed fiat. The tides are beginning to change, and the world is beginning to see the inevitable sunset of Keynesianism, and the rise of decentralized currencies. To meet these expectations, Ultracoin was created to ensure that the fundamental principles of currencies are met; it must be a unit of account, divisible, stable, and accepted. The Ultracoin management team and community are obsessed with meeting these requirements, especially acceptance, which we believe is the staple of any successful currency. Except we plan to do that without force and government backed "legal tender" laws, our goal is to create a voluntary, competitive, and widely accepted free market currency. We firmly believe that a currency with a community engaging enough, supportive enough, and innovative enough, can pave the future of modern voluntary exchange. Ultracoin is poised to be that future, with no gimmicks, no hype, just what makes a currency a currency, welcome to the future.
Ultracoin is a hybrid Proof of Work/ Proof of Stake currency, whereby miners are rewarded Ultracoin for mining blocks, and investors are rewarded for keeping their wallets connected to the network by earning interest on the amount saved. Both miners and investors are rewarded for keeping the network healthy and secure.
Thus the sound-money principle has two aspects. It is affirmative in approving the markets choice of a commonly used medium of exchange. It is negative in obstructing the governments propensity to meddle with the currency system.Ludwig Von Mises
|Premine||2% (1.6% IPO / 0.3% DEV / 0.1% REWARDS)|
|Block time target||60 seconds|
|Block reward POW||10 halving at 4,000,000 blocks|
|Block reward POS||5.6% Per Year, 3% at 3,000,000 blocks|
|Difficulty retarget||over 10 blocks (Max 8% Up, 16% Down)|
|Mined block confirmation||50|
Finally, a voluntary currency to free your finances from central banking and government intrusion!
To create a premire, accepted, easy to use, decentralized and supported crypto-currency with enough mass appeal to become seriously disruptive to the current economic system. To remain competitive in an unforgiving and ruthless free market in competing currencies, and never become a commodity. To become a powerful alternative to debt backed fiat, and never lose sight of that purpose. To take economics seriously, with disregard to gimmicks and manipulation. To provide stable releases that can serve users without fail. To garner a community united by a common purpose, mutual self-interest, and passion for crypto-currency. To take our communities investment, time, talent, and effort to the future, instead of "to the moon".
To create a currency worthy of voluntary acceptance, without "legal tender" laws. To create money that will last years beyond generations, and not money that will be losing its value, starting wars, manipulated by political agendas, controlled by banks, printed to infinity, forced upon the people, squandering savings accounts, propping up the financial sector, or controlled by the few. To create a currency that will be recognized beyond political affiliations, geographical boarders, or nationalities. To change the face of currency and the way commerce is performed as we know it.
Me Plus 1
Ultracoin has been listed on several exchanges, or bourses, which are highly organized markets where crypto-currencies, among many other assets, are sold and bought. Please peruse the list below to begin trading today!
An exchange is an institution, organization, or association which hosts a market where cryptos, stocks, bonds, options and futures, and commodities are traded. Buyers and sellers come together to trade during specific hours on business days. With respect to cryptos, the markets are open 24/7/365. Exchanges impose rules and regulations on the firms and brokers that are involved with them. If a particular crypto is traded on an exchange, it is referred to as "listed".
Cryptos that are not listed on an exchange are sold OTC (short for Over-The-Counter). Cryptos that have shares traded OTC are usually smaller and riskier because they do not meet the requirements to be listed on a stock exchange.
Ultracoin will be featured on Coinpayments soon following our listing on Cryptopia. Coinpayments is a premium payment gateway used by thousands of businesses to conduct e-commerce in cryptocurrency. Coinpayments can be the right fit for your business to start using and accepting Ultracoin.coinpayments.net
Before printing out a wallet you may need to calibrate your output using the zoom and horizontal shift adjustments to account for your particular browser and printer combination. Otherwise, your wallet's back side may not line up with the front side.
The first step in any mining operation is to download the wallet. You will need a wallet to
generate an address to send the coins you eventually end up mining. You can download the UTC wallet by selecting “Wallet” from the navigation above.
Create a file named “ultracoin.conf” and place
it in your %appdata%\Ultracoin folder.
You may use YBCMiner with "Nfmin=4 Nfmax=30 StartT=1388361600" to initiate solo mining. Then run the Ultracoin client, edit the solo_mining.bat with the specified username and password, save and run the .bat file.
The most popular miner for GPU mining Ultracoin is YACMiner, for miner support please visit our forum, our active community is always happy to support our miners.
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