Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 55. (Read 381064 times)

nice updates, good job

It's time for a fresh start. Bittrex made huge profit in the past from UTC fees, but I understand their decision.

And thanks a lot Steven for your efforts, good to hear all the news.

Thanks for the update Steven!

Bittrex Update

Its official - Bittrex has delisted UltraCoin - Ryan Hentz from Bittrex just confirmed via email.

Best withdraw your UTC from Bittrex - they will probably shut down withdrawals from Bittrex in the near future.

Cheers - usukan

True - seems Bittrex have delisted UTC
Disabled   BTC-UTC   This market did not meet the volume requirements and is being evaluated for delisting on January 28th, 2017.

I'll have a chat with Steven - but its clear we need another exchange.

I am also talking with TIDEX.COM - a new exchange in testing at present. I have been testing recently.  Asking to list UltraCoin and the UltraCoin WAVES Token.

Its a very user friendly UI - similar to Poloniex.  They may have a priority for Waves related coins so we might be attractive since we have a Community distributed WAVES token. It would give us another avenue to trade in/out of UltraCoin to other cryptos and tokens.

Cheers - usukan

Seems  like Bittrex is delisting UTC.
UTC market is offline.

Valpe

Good stuff Steven - and thanks for the update.

Cheers - usukan

Dear Ultracoin Community,

It has been a little while since my last update, and I do apologize for this, I have meant to give a status update earlier this week but I have been sick and catching up with work had put me behind. Mostly importantly, the Ultracoin website has been relaunched! However, it has been moved to Ultracoin.io, the reason behind this is that unfortunately the .net domain has expired, no one on the current management team owned it and even if we found the owner it was too late as the domain had been parked. I attempted to recover the domain but it has been bought out by another party, I am attempting to contact that party in order to sequester the domain. I am also in the process of negotiating terms to buy ultracoin.com, a much more popular top level domain that would give us marketing equity and more powerful branding. The website has been migrated to a new server, the same host of ultracointalk.org and useultracoin.com, this will enable us much more control over the website from now on as well as peace of mind. I am going to be updating the back end and will update portions of the website next, such as the downloads section and more.

I will also be putting together a continuity of management package for the development team in order to ensure in the event that something were to happen to any key members of the team, entrusted community members and key development team members will receive a secure backup of important infrastructural files such as a full website and forum backup, passwords and logins to various social media and web resources. Ultracoin's future must be guaranteed in the event of service failure or personnel leave.

On the development front, I must report that things have been moving slowly as the holiday season and personal priorities have suspended our rate of progress. Now that the new year is beginning, however, we are getting ready to move along and are already in talks with several developers on planned contracts. Once things are more solidified I will be announcing progress, goals and potential time lines moving forward. Also, I have learned we have been added to Brave New Coin, which will be a valuable tool to investors and speculators: http://bravenewcoin.com/Ultracoin#Trading-Pairs

As for Bittrex, Ultracoin has a long standing relationship with Bittrex and given our tenure I would assume that worries of delistment are unreasonable. This is not the first time that Bittrex has marked Ultracoin for delistment, this is an automatic process that has worried investors in the past. We have been in contact with Bittrex on this issue many times, the best thing for us as the management team is to report our progress to Bittrex every so often so they understand we are still active and progressing. I do agree with Usukan that it will be wise for us to start looking for other potential partners in the exchange front, especially a European or Chinese market, once volume is up.

Let's continue to push for an exciting 2017, I will update the community on updates in the very near future. There is much work to be done!

P.S. Ultracoin t-shirts are still available, all funds go towards development.
Miner Design
[Front]http://ultracointalk.org/rapture333/IMG_7636.JPG
[Back]http://ultracointalk.org/rapture333/IMG_7635.JPG
Modern Design
[Front]http://ultracointalk.org/rapture333/IMG_7638.JPG
[Back]http://ultracointalk.org/rapture333/IMG_7639.JPG
Please private message me for order inquiries.

Sincerely,

Steven "Rapture" Nekhaila
Chair of the Ultracoin Committee
[email protected]
Ultracoin.io
Ultracoin

why it seems to you like so if there is any logic if it is then you can creat new one for your facility.

Nice to hear. UTC is dirt cheap now, but potential delisting is holding me back from buying big amounts.

You are absolutely correct - many warnings before - and never delisted.  The bar keeps rising though.

Bittrex is reorganising and upgrading their platform at present. I think they want to flush a few coins - but UltraCoin is not at the bottom of their trading vol list.

UltraCoin is 50 places/coins above bottom or lowest traded volume.

Cheers - usukan

Are these Bittrex delisting warnings real? From what I have seen required volumes were never reached after previous warnings, yet Bittrex hasn't delisted UTC.

Thanks Usukan!

Another exchange will be handy. When you see light out of tunnel Bittrex will flush UTC back.. .

OpenLedger might be good place for UTC.

Opportunities what WAVES tokens might bring to UTC are interesting indeed.


Valpe

UPDATE

This is a bit of a heads up to let everyone know whats going on behind the scenes.

First off - I have had word from Steven (Rapture333) that hes had a few complications with the new Ultracoin Website - mainly due to lack of continuity with the original publishers.  Hes pretty much starting from scratch again as I read it.  Fear not - he is on the case after being pretty busy for long time in his business over the Xmas/New Year. Steven will get back when hes got it sorted and we can all discuss the dev path going forward - of which Steven has already developed some ideas - but all ideas are "on the table" and everyones feedback has been noted.

I've been a bit stretched lately business wise but - In the background I have been contemplating 2 things for UltraCoin based on some perceived needs and opportunities.

First off - another exchange might be handy with the Bittrex lately - yet again threatening delisting of UTC and their upgrade limiting new coin listings.  I've been doing a bit of trading on a decentralised exchange for some specific coins not traded other places.  OpenLedger is the exchange and I have been highly impressed.  I have approached the exchange to see if we can list both UltraCoin and the UltraCoin Waves token.  Ronny Boesing runs the exchange out of Denmark and he is also the CEO of Coinsbank (UK) which is a very slick operation for trading and fiat gateways/deposits and Crypto debit card issuance.  Ronny and I will explore these OpenLedger possibilities for UltraCoin and its token and I will get back to the Community.  Like all decentralised exchanges - its not high vol - but its good for some specific coins.

If anyone else has a favourite exchange - talk with that exchange, find out what the deal is and report back to this Community.

Second - we have a few opportunities from this Ultracoin Waves token that has been kindly distributed by Team @Cripto to many in the UltraCoin Community.  While this token will be tradeable on the WAVES platform and be directly exchangeable to BTC and FIAT via WAVES gateways without any additional effort or dev input - the other major opportunity we have here is linking UTC directly to the UltraCoin WAVES token via a multigateway.  bcdev has already set up a multigateway test for WAVES/DOGE and the WAVES devs will deliver a Scala template for other coins in the future.  This would allow transfer of UTC to UltraCoin Waves tokens - back and forth at will - and I think it may add value to both UTC and the token. What this enables is the token to act as an extension of UTC on the WAVES platform.  It allows you to transfer your UTC to the token which can be managed on the WAVES platform via Windows/MAC/Android and iOS.  We can easily build UTC utility on this and at the end of the day - we get gateways back to many FIAT currencies and BTC (plus any other currency on the WAVES decentralised exhange, DEX) when WAVES gets this sorted over the next few months.

Related - UltraCoin has an Official Dev fund wallet holding 9,000,000 UltraCoin WAVES tokens.  This has been supplied by Team @Cripto and a generous donation (4,000,000) from one of our Community members.  I hope we can use this to great benefit in the future.

All just ideas at present but not without great opportunity for the UltraCoin Community.

I will update you all as I meet success or failure.

Last - don't forget the offer from Team @Cripto


one last thing - if anyone has any FOMO and wants a few UltraCoin Waves tokens - suggest you post your interest here and agree on an OTC trade via PM with any Community members willing to sell. Conversely - if you want to sell - do the same.  

Might I suggest perhaps the best Escrow in the business for OTC trades
https://bitcointalksearch.org/user/yassin54-222847
Tried tested and trusted 100%
Just PM him when you have agreement on a trade and he will ensure all is good


Cheers - usukan

yes agreed i am favour of this too and we all should be work over it for better result from it.

Is anyone able to mine UltraCoin with RX470/480? I don't believe it is possible with YACMiner. Perhaps, UTC should lobby to get it supported on SGMiner-GM!

Hey usukan, thank you for the explonation. I tend to discard tokens without looking into them but if it's helpful to UTC, I'm not goint to go against it (not that I would nor could).

Hi bathrobehero

as Team @ Cripto says - its all about what the UTC Community might choose to do with this opportunity.

I am in two minds about your comments.

Imagine this for a moment - UltraCoin sets up a multi-gateway that allows flow/trading both ways - UTC to UTC WAVES token and back.

The multigateway template is out there and tested for a few other coins to/from the WAVES platform.

So the token ends up merely as an extension of UltraCoin - and that extension has a value based on UltraCoin - but additionally - that extension has more utility than the mothercoin - Ultracoin.

Difference is that the token is tradeable on the WAVES decentralised exchange for other coins incl bitcoin - and its tradeable directly to FIAT currencies via the official WAVES gateways.  So you can trade your mined UTC directly to cash or BTC or other coins.

That in itself feeds back to add value to UltraCoin.

Further - UltraCoin also has the ability via WAVES to issue new tokens linked to Ultracoin to aid developments.  UltraCoin could do ICO to set up/buy other assets/utilities/development that send profits back to the UltraCoin WAVES token holders - I'm thinking along the lines of Iconomi or other similar.  The original UltraCoin does not easily allow this.  This would feed back to value for UltraCoin via multigateway flows.

Keep thinking - there are indeed some interesting opportunities in this.  Being created out of thin air for free and not being mine-able ignores some of the value of utility in this extension to Ultracoin proper IMO.

Just a few ideas off the top of my head - but the UltraCoin Community may have more and better.

Cheers - usukan

Mr Potato - please PM me

Thanks usukan

Missed it as well but I don't mind it. I don't care much for non-mineable tokens created out of thin air for free.