Topic: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | BITTREX | Litecoin Insurance - page 24. (Read 145887 times)

Interesting.

When the btc version will be out?L

It seems promising. With the current altcoin situation that spike it's phenomenal

New Milestone.  It's actually a bit higher but there is an issue with coinmarketcap, our total coin supply is nearing 400,000.

Interesting one, and flying under the radar for quite some time, I'm glad I found it while still cheap 

Just filled out a board application hope I can collect enough coins to be a voting member

Intresting concept, will follow

Got my ULTC and applied on the website. Excited to join the beta program this week!

Bi-Weekly Update:

A couple things going on right now that I want to share.

• We are in talks with 2 large pools to get added very soon.  This should put us on target for our 400GH/s goal by end of year.  This will put us in the top 3 for the most mined scrypt coin.

• We are also starting to accept applications for voting and non-voting board members.  These are the people who will make the decisions and help to shape the future and brand of Umbrella and it’s products.  Members and non-voting members will get monthly invites to our meetings.  Umbrella believes in community involvement to better extend our services and make them accessible to more people.  We can only reach this goal as a team.

• Prerequisites: Members need to be holding 750ULTC, while voting members need to be holding 1500+ULTC.

• Apply for admission on our website http://umbrella.holdings

• As some of you may have heard, we will be opening up Umbrella-LTC to cover Litecoin losses starting in November.  This is a huge undertaking and an industry first.  We are committed to making crypto safer and more accessible.  Board members get early access to this beta run.  More on the beta program and Litecoin insurance later this week.

• We still have the bounty program going on for those that can get us on large pools.  Up to 1 BTC is being offered depending on the amount of hash the pool manages.  Payable in Umbrella-LTC or Bitcoin.

• Also, we did some good last week and really showed what Umbrella can do.  If you missed the reimbursement, read it here: http://umbr.la/inSured

More to come later this week!

New Article!

http://fuk.io/october-2014-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/

Lets get added!

https://support.cex.io/hc/communities/public/questions/202452853-ULTC-adding-to-LTC-DOGE-merge-scrypt-mining-

http://blockexperts.com/ultc

I haven't noticed this before but I'm liking the concept.

where are the block explorer

Only the amount of Litecoin held.  During the initial beta run we will cap the amount of Litecoin insurable at 200 coins.  Full details and writeup coming soon.

great roadmap，we need   work  hard，mybe  1ultc=1ltc

Does the insurance cover only the amount of LTC we hold in the compliant exchange or any alts? Or Only the amount of ULTC held?

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UPDATE
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Also wanted to let everyone know we are working with several large pools to increase our hash.  This should help spread awareness and get us on more peoples radar.  We are also working on the formulas for calculating Litecoin coverage via ULTC.  Beta coming very soon.


Thanks!

Yes, shooting for end of the month.

Patiently waiting for the UBTC launch.  We plan to add that to our SHA256 merged coin list at launch too.  (http://myriad.p2pool.geek.nz/merge is not my site, but I do operate some of the nodes and host wallets for the merged coins). 

What's the latest on the UBTC launch?  Still on for this month?