Latest news of UYT from UYT DAO Head Benjamin Woo
Hello everyone, here we are. Today I want to share with you the node plan, private equity plan and ecological progress of uyt.
Since The main network of UYT has been on line and has been running stably for a month. Therefore, we will start the fork free upgrade program of the main network in December. The test network token will be circulated as an identity symbol in all uyt ecosystems. We will also issue test network token in the main network. We will take a snapshot of the test network account and give it as a gift. At present, the uyt mortgage rate of the whole network has reached 87% As a very good symbol, the nodes running the network will soon complete the first batch of 20 verifier nodes, which is also the industry participants’ recognition of the uyt project. The first part of the exchange of the main network token for the node has been remitted. Therefore, we will start the election mechanism at the end of this month, hoping that the excellent verifier nodes will be better, and at the same time, we will start targeting at excellent nodes and funds The organization’s private placement, node private placement plan and the second stage of node development work will be carried out at the same time. At the beginning of the private placement plan, the current node election will be selected from 20 nodes to 15 nodes. With the addition of new node verifiers, we will gradually increase the number of electors.
Now，we are waiting for the legal documents of the foundation, so the external price has not been confirmed yet. Please don’t believe any information about the price of private tokens. Meanwhile, in order to better carry out the project, we are also actively discussing the mining difficulty after the main network completes the ecological construction fund and private fund token. Once determined, we will inform you through the official platform publish.
Many communities have some misunderstandings about the current total flow of uyt. The tokens of ecological funds, private funds and team advisers will be locked in and will not participate in circulation. We will fix this problem on the wallet page display as soon as possible, and we will update it as soon as possible.
When we talk about bitcoin, we have to mention its exquisite design, which is praised for its decentralization, transparency, traceability and anonymity. However, regardless of the characteristics that have been talked about, its issuance rules and reward mechanism seem to be more respected.
As we all know, bitcoin has a constant circulation of 21 million. In a sense, this is the first asset in the world similar to currency, but with a constant circulation. After all, it is a “money printing maniac” for many currencies. Especially since the outbreak of the epidemic this year, the core asset led by US dollar seems to have increased the power of the money printing machine.
Because of this, most cryptocurrencies in the future follow the characteristics of bitcoin and set the total amount of passes to a fixed data. After all, big brother has proved his correctness by practice.
Although the consensus mechanism between uyt network and bitcoin is different, it is precisely because of this difference that the same amount of constant uyt network with half design has more imagination.
In a sense, we can completely understand uyt as “POS version of bitcoin”. The difference is that in the uyt ecology, the miner completes the conversion by holding the uyt token, that is, holding uyt equals holding the miner, and it is a miner without upgrading. On the other hand, there is no mining overlord in the uyt ecology. We should know that the increase of mining machine cost will eventually transfer to the miners, and the design of uyt has no such problem.
All our efforts, including the adjustment of mining difficulty, will reduce the output of uyt from the data point of view, but it also means that the value may start to rise gradually like bitcoin. After all, the rarity is the best value bearing.
In order to support the uyt project, we are considering to carry out a series of mergers and acquisitions in the industry, so as to meet all the needs of users, including exchanges, wallets, browsers, etc., the block browser that we care about and the new node monitoring station. We provide two language versions, one is English and the other is Chinese. You can clearly see the operation of the whole network situation.
In order to protect the benefits of all nodes and ensure the scarcity of project tokens, we will strictly review the application of grant for ecological project. For Copernicus project, we provide 50000 project token support. For project cooperation with large user groups, we will change the cooperation mode from ecological token support to double dig cooperation of project token, and uyt can participate Ecological project, the token of excellent ecological project can be used as a high-quality asset to participate in the mining of uyt main network. Copernicus project team is the first team to support uyt project, and at the same time, it has made great contribution to the promotion of uyt project in China. At present, we are evaluating the whole project and providing some project planning and token economy for Copernicus project At the same time, we will actively cooperate with UTC in the aspect of technology to win the support of users in terms of technology According to the plan, the approval process for the financial trading license of the exchange has also started.
The main network has been online for a month. We will start from December 1 to give a lecture on key words of uyt in different language versions in all communities, so that you can better understand the whole UYT NETWORK.
In the past few months, discussions about NFT have become increasingly heated. Many people in the industry regard NFT as the next important investment target. With the increasing popularity, many investors have begun to look for new projects that can combine NFT with defi. However, most of the projects are still carried out on the ETH public chain, uyt The performance of network and fragmentation technology are the public chains that are most conducive to the development of NFT projects.
We are currently working with several teams to plan an unprecedented project to combine NFT with defi. Compared with the general mobile mining project, in the first NFT project, we designed a set of magic mechanism to make the token destruction speed continue to exceed the mining speed, Fifi The design is mainly reflected in the mining. If you hold the subject matter with more energy to participate in the mining, the return will be relatively higher, so that players can collect, purchase and cultivate the subject matter. As more and more new varieties of subject matter are continuously explored, holding more rare subject matter to participate in lock up will also obtain better liquidity mining income. The project will be conducted in a cold start mode, with the first batch of subject matter participants only open to uyt holders.
The blockchain industry is always born one after another in the innovation, and uyt is also breeding another wave of enthusiasm. For the current node participants, we will arrange special personnel to provide one-to-one services. Thank you for your support for uyt. See you next time.
