Important Update on the UTN Smart Contract, Token Distribution and Future Swapping of Tokens
IMPORTANT NOTICE; THIS POST IS NOT MEANT AS A REPLACEMENT FOR OUR BI-WEEKLY UPDATE THAT IS EXPECTED THIS WEEKEND!
Today it is June 15th, which means that we are halfway this month. We are very happy to inform you that the UTN Smart Contract is ready for publishing and we invite everyone interested to take a look at it on the Universa Blockchain here;
(shortlink URL:) https://lnd.im/utn
If you are really curious to see the source code, you can download the binary file of the contract right from the explorer, and generate the source code yourself! In order to do that, you should do the following:
• Get the Uniclient from https://lnd.im/uniclient; see the manual at https://kb.universa.io/uniclient_user_manual/4;
• Having downloaded the contract into a file like “UTN - Universa Token.unicon” from the URL to the Universa Explorer above, call the following command: ./uniclient --export UTN\ -\ Universa\ Token.unicon --as yaml (Unix/macOS/Linux) or uniclient.bat --export UTN\ -\ Universa\ Token.unicon --as yaml (Windows).
Voila, you now have the “UTN - Universa Token.yaml” file, and you can now examine its structure! (Pro hint: look at the https://kb.universa.io/uniclient_user_manual/4#export-a-contract-to-xml-json-or-yaml section and learn how to view it in other formats as this may be more convenient to you).
Future UTN Integration
As previously communicated on multiple occasions, UTN will not be integrated with exchanges from the start due to the fact that exchanges will have to learn how to work with our protocol. This process starts immediately after the launch and distribution of UTN and will take some time. Universa is more than ready and able to provide them with all the needed information and help to optimize this process! More info on this will be shared later when it will be available.
Our Community and Tokens
We believe that our community can be seen as a collaboration of two groups. On the one hand, there is a group of people who are (active) traders, while on the other hand there is a group of people concerned with the long-term development of Universa and what the project can bring to the world. While our focus is on the second group of engaged community members and we do not encourage speculative behavior, we do respect the first group as well, since they are also part of our community. To remain as close as possible to “the first half of June” with making tokens available to our community, please read the following paragraphs.
We expect this first group of people to choose to swap their UTN for UTNP for trading purposes, while the second group is most likely to either want to swap UTNP for UTN or hold on to their already purchased UTN. To smooth the process for the first group, we have provided the community with, and will do so for the coming days, a Google Form that will reset their withdrawal form at check.universa.io so they will be able to choose UTNP instead of UTN. Hereby eliminating the hassle for them to swap from UTN to UTNP.
The first batch of those UTNP tokens to be distributed will start on June 17th. This possibility is offered in the following structure and with the following conditions;
- Only tokens that were purchased during the Token Sale or earned through participation in the Bounty Program can be withdrawn. People who have tokens solely from registering an account or from referral bonuses are not eligible for this option.
- The minimum amount to withdraw is 1000 tokens.
- If a person has not filled in his withdrawal form yet, he can do so at check.universa.io after login and choose the option to withdraw to UTNP.
- If a person has previously filled in his withdrawal form and chose “all to UTN”, through filling in the Google Form, the withdrawal request previously submitted will be removed and reset. He/she can now choose to withdraw to UTNP.
- If a person chose to withdraw some amount of tokens to UTN and some to UTNP and he/she has not received the UTNP tokens yet, the Google Form can still be filled in to reset the withdrawal form.
- If a person chose to withdraw some amount of tokens to UTN and some to UTNP and he/she has already received those UTNP, we cannot reset the withdrawal form in order to maintain important data. What we can do, is sent the UTN remainder in UTNP to the exact same ETH address as used for the previous withdrawal to ensure the safety of our community.
Please find the mentioned Google Form here; https://goo.gl/forms/D3CDtnMvjKehL4RK2
Now let us get back to the second group of people. We want to emphasize that we enormously appreciate the level of engagement we are currently receiving from our community. In terms of good, constructive critical questions, encouragement, helping out admins in our chats answering the variety of “when” questions that exist but also with trying to set up actual business leads and providing Universa with even more possibilities for business development. We cannot thank you enough! Now that the UTN Smart Contract is out there and everything is being set up for the distribution of the tokens, we also have news for people in this group; UTN, the wallet and URS (for swapping UTNP to UTN) is right around the corner!
To give everyone some time to decide to which of the two groups they would like to be part of while we get every last detail perfectly ready for the distribution of UTN we would like to announce the following;
Distribution of UTN will start on June 22nd! This process will take place in a number of batches with the largest major batch of UTN to be distributed on June 30th. After the distribution of UTN. We plan to open the bi-directionial swapping method for UTN<>UTNP on a 1:1 basis. A post with instructions for this will follow! This will also address UTN wallets, Universa Reserve System and additional important information.
Where we go from here
We believe that approaching the current situation as explained above is the best overall solution. The first group can choose to either opt for UTNP after all or wait a few more days to own UTN while the second group, who we believe to have another perspective, is less occupied with receiving their tokens “as fast as possible” but is more concerned with the development of Universa as a whole. On top of this all we provide the bi-directional swap because we want to ensure that everyone who confided in us with their personal funds has the possibility to access these funds and not have them locked up as we cannot predict how their personal situations would develop and you simple never know. This means that everyone will be able to have liquid funds (through the swap possibility) while we will be assisting exchanges in their quest to learn how to work with our protocol!
We are certain that this month we have arrived at some very important milestones for Universa and we cannot wait to see what more is in store for us, together with our community!
We are always happy to answer your questions in the Telegram channel — t.me/uplatform (EN) and t.me/universa (RU).
Follow the news in t.me/UniversaNews (EN) and t.me/UniversaNewsRu(RU).
Sincerely,
Your Paranoid CEO,
Alexander Borodich
