Ninjastic
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Board Announcements (Altcoins)
[ANN][UDD] Universal Digital Dollar - No fee transactions that pay you
by
UDD_Coin
on 07/01/2018, 07:09:18 UTC
Hi. We're proud to announce the Universal Digital Dollar (UDD). It offers no fee transactions that pay you!

Quick Links

Quick Stats
  • Name: Universal Digital Dollar
  • Code: UDD
  • Symbol: $
  • Precision: 9
  • Smallest Unit: nano-cent
  • Validation Model: Tangle (24 hours long) saved to Blockchain (hourly, PoS/PoW hybrid)
  • Total Supply: 210,000,000 UDD
  • Mining Required: No
  • Economic Model: Inflationary (at 2% of total supply per year)
  • ICO Start: Feb 1, 2018
  • Exchange Rate: 1 UDD = 0.02 ETH

Key Features
  • No fee transactions
  • Buyers, sellers, and validators are paid for making transactions
  • Buyers can optionally reward charities and governments at no cost to themselves
  • Anonymous, public, or verified profiles
  • Adaptive validation levels
  • Sellers specify profile types and validation levels for each item
  • Marketplace with REST API for items sold in UDD
  • Multiple methods of payment
  • Trust model and user rating system
  • Incentives and active sales team to encourage vendors (big and small), employers, non-profits, and governments to participate in a well-rounded economy
  • Proof-of-stake funds double as lending pool
  • Automated loan system with credit ratings and default recovery

How can we offer offers no fee transactions that pay you?
Short answer: Inflation gets converted to fair rewards for all.

Long answer: Inflation is calculated yearly and divided into daily chunks. The daily inflation is split into different channels to pay:
  • 30% to buyers and sellers for making transactions
  • 50% to validators for validating transactions
  • 10% to charities and governments for opt-in donations by buyers
  • 10% to pay back loan defaults

At the end of each day, the funds for each channel are distributed based on:
  • the number and value of transactions for each buyer and seller
  • the number of validations by each validator
  • the number of donations to each charity
  • the share of defaulted loan amounts
  • caps on some channels to prevent one user from hogging all the funds

For more details, please review the whitepaper or feel free to ask any questions here. Check back on the website or this thread for updates. Thanks.

-- The UDD team