Greetings,
I recently joined in on the hype and invested in this project. I managed to get in on the action when UNIFY took a dip in January and have been happily staking the coin. I've been trying to set up a Rasberry Pi for staking and stumbled across a few things which have raised some alarms. I hope the community or the Dev's can help cal my fears because I don't want to hop on a FUD train and loose out on what seems to be an amazing opportunity. Here are my questions for the community:
According to coinmarketcap.com the volume of UNIFY in exchanges is less than $2500USD in the past 24 hours, with an available volume of .17BTC in Cryptopia alone.
1- What's been going on with the Unify volume in exchanges?
2- According to your github site, there's been little to no recent activity and some interesting forks from the UNIFY branded projects.
And lastly, since I began investing in this project, I have seen a few races to get placed on exchanges but we still only have the few that are on the website. With a combined market cap of over 225BTC you think we could spare a BTC or two to get listed on some and increase the size of our community.
3- Is a pump and dump being staged/propped up? Or are we about to rebrand/rename the Unify Coin like rai-blocks did when they changed their name to Nano?
Thank you all for your time and I hope your answers can calm my fears/worries, because my FUD level is through the roof right now.
-2CB
I'll do my best to answer your questions:
1) There hasn't been a lot of trading with Unify, my guess due to people not seeing progress in development as quick as it may appear to them, but things have been getting done, once new things are released, such as android wallet & whitepaper for example, and development continues to progress from there, and especially when development of marketplace & crowdfunding platform is completed, people will then know beyond a doubt that this is a legitimate project all the FUD that has been going on has been groundless since the beginning.
2) My guess in why there isn't much activity on Github has been because there hasn't really been a need to upgrade or adjust the code, since it works fine. And it's not what features Unify Coin has that's ultimately important, but rather it's use-basis; it's use as one of the main currencies to crowdfund projects on the future platform. We believe that the coin itself is fine the way it is now. Of course, adjustments will be made if there ever is a need for any.
3) This is not a pump & dump and there are no plans to rebrand the coin. Of course, there are times where the price will spike and times where it will drop. That's Crypto, and we can't control how much Unify people buy and when. All we can do is focus on progressing with development and hope this project becomes popular. If it does, the coin's value will naturally increase anyways overall. We're focused on where we will be 2 years from now rather then rises and dips that may occur along the way. Also, there are plans to create an ERC20 token that will be used for the rewards system of the future crowdfunding platform but Unify Coin will always be the main coin.
4) The Founder doesn't desire to use any Unify Coins for development but prefers to and has been using his own personal fiat money to fund this project. Neither he nor any team members desire to sell Unify Coins for development. Voluntary BTC donations are welcomed of course but they are not expected. Unify Coin is already trading on 4 exchanges, and has 2 additional ones on their way, Blockbid next month, and Nova reoppening soon afterwards. We apologize that we're not getting listed on exchanges like Bittrex or Binance as quick as some people would like us to, but getting listed on exchanges is not as easy as you think, and it does costs money. Wise decisions regarding the use of funds have to be made. We feel it's more important to finish development and get a working product. Once that's accomplished and Unify Coin becomes as popular as we hope for it to become, getting listed on the larger exchanges should be easier.
Also, I know this is anecdotal, but I've been an investor since July 2017. I've seen the project, community, and team endure through the worst of times, and they're still passionate as always about making this project succesful. That's why I know that this project is the real deal. But you don't have to take my word for it, do your research, ask questions, and see for yourself.
I hope this helped.
Thank you, for the quick response.
It did calm some of my worries, but I've been combing through the block-chain explorer. That only raised another inquiry/worry, because I noticed that UNIFY staking rewards are paying out at a rate that significantly exceeds the reward rate/intervals originally referenced. Is there a reason for that? Maybe I am just reading into things or misinterpreting things. Any clarification you may provide would really help, just like your last post did.
