Quote from: ur-technology on July 31, 2017, 10:09:24 PM

Official Announcement:
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kUSD Introduction Our Next Generation Currency!
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What we used to call UR2 is now officially called kUSD, a new currency that is designed to autonomously hold a stable value at $1 US. Our officially planned launch date is in early November, 2017.

We developed kUSD because we kept hearing from UR users that they needed a stable currency to use for everyday transactions. Besides the stability, kUSD benefits from a couple of other important features and a unique mining technology which we will explain at a later date.

After the official launch, we will begin to buy UR on the Cryptopia exchange. The price we will offer per unit of UR will be the equivalent of $0.0025 kUSD, which is meant to be a premium over todays UR price of about $0.0018. We will continue buying for 30 days or until we have bought 50,000,000 units of UR, whichever comes first.

Currently we have no plans to continue working on UR because we are 100% dedicated and focused on kUSD development and deployment.

However, there is a possibility that we could revive UR after November and that UR could end up having a value greater than $0.0025 in the future. We feel it is important for us to make you fully aware of this possibility so you can decide if you would like to hold your UR instead of selling it for kUSD.

For those of you who have questions, please prepare them and present them at our upcoming webinar, which we will be holding in the next two weeks. On this same webinar, we will also explore a new way you will be able to help introduce others to kUSD and make money on the new currency.

You can learn more about kUSD at our new website http://kowala.tech

Looking forward seeing you at our webinar!

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The exact date and time of our upcoming webinar will be published on our official twitter channel:
https://twitter.com/urforall
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Source:
https://ur.technology/2017/07/31/kusd-introduction-next-generation-currency/
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Very mean to investors... usually such things end up using a coin swap for the second version. Alternatively, the price offered per should be higher. I bought ur at around 2x current prices and now the only way I can make money is to hope that development continues... ouch.