Topic: Unitus (UIS) - Superior Blockchain Technology: 1st Multi-Algo Merge-Mined - page 35. (Read 68154 times)

RT please 

https://twitter.com/mirraxFTC/status/722541168316297217

UNITUS looking good today... that was not me !!

I will never recover from this terrible tragedy. With no other option than sell all 3M coins you better
sell yours while the buy orderbook exist. Sell... c'mon....
I said sell!!
Why is nobody selling???
Damm

  

Lol that was quick, and you must be living a pretty mistake free life if your biggest one only cost you $50 or whatever.

Oh my God! Buying UNITUS was biggest mistake of my life.
I have no other option than to dump all for big loss     
Just as Baar guy prophet told me!

Or not?

He is fairly active on Reddit as /u/nzsquirrell in /r/Myriadcoin.

You will be among the first to know, I promise.
Now I need to talk with the dev first.

Care to share?

I have bigger plans for UNITUS than selling for a loss 
Let me buy some more...

That's right, and there is no person in the world who is currently offering 10 satoshis for UIS.

So he is currently unable to sell his UIS without taking a heavy loss.

Actually Conqueror just willingly offered (and purchased) a pretty large stash of UIS for more than 10 sat.

For one thing, people who held UIS after our burn lost most of their money.  People who burned their UIS for BARR did not lose their money.

So that's one good reason, since the price of BARR has gone up and the price of Unitus has drastically dropped to 8 satoshis.

Another reason would be liquidity, since the price of UIS would instantly be at 1 satoshi, and then soon 0, if anyone wants to sell more than .12 BTC worth.  People have been able to sell a lot more than that after they swapped their coins to BARR, and BARR currently has over $800 worth of buy orders on the market.

Another thing is that Unitus depended on Poloniex, and was left with no way to trade when Poloniex delisted it.  Now it's depending on Cryptopia.  BARR can never be delisted from the decentralized NXT asset exchange, and so people who burned their UIS for BARR are now holding a more decentralized cryptocurrency.

BARR also has the full strength and security of the NXT network, with hundreds of active peers. 

Unitus has forked and stopped working, although the dev did quickly fix those problems.  BARR has not had those problems, and BARR doesn't have a coinstealer virus alert either.

So those are some reasons why 46% of all existing UIS coins were burned for BARR.

We burned over 17 Million UIS, and we exchanged them at a value of about 320 satoshis per UIS.  That means UIS holders who swapped for BARR got about 54 bitcoins worth of BARR for their UIS.  Right now, the entire marketcap - all remaining UIS in circulation - is less than 2 bitcoins. 

I hope your investments work out for you, but the fact is that not one person in the world is currently willingly to offer even 10 satoshis for UIS.  BARR paid 32 times more than that. 

I dunno, I think it was just a scheme to lure people into the NXT ecosystem, since they're 100% premined coin seems to be on long slow decline, I guess they thought they could draw people in with a new 100% premined asset that they distribute for burning fairly distributed coins.

I noticed someone chewed through a bunch of my sell orders on Cryptopia  :

Nice to have you on board...

Thanks a lot. That leads me to other question? What is the point of burning UNITUS for BAAR?
I just bought 10% of marketcap (2.4M coins) and the last thing I want is to burn my coins

Don't know what to tell you about virus total, but I think the developer is trustworthy. Run it in a vm if you're concerned.

Coin emission is in first post. You can also see supply here: http://unitus.nutty.one/network

It's actually only ~24M now, because a whole bunch were burned for some other project.

Trojan named Coin Stealer?
Does not look very safe to use!

Also is there info about coins emissions?
I need to know number of coins over time...

Yes, I sent some coins in a few weeks ago and withdrew some few days ago. They have explorers on page so you can check too.

Thnaks a lot for info!
Is it safe to buy coins offered on Cryptopia? Are they on correct chain?

Recently hardforked to swap in lyra2rev2, so it can be merge mined with Vertcoin. Not sure if any immediate plans, but developer is active, he recently did the vast majority of the work upgrading Myriadcoin to the v0.11.2 Bitcoin codebase.

Hello,

What is current development of this coin please?