Can you tell more about your token? In terms of usage how can it be spent? I see so many systems where token is not THAT important and it ends up with down tendency at the exchanges. So help me see your token gonna live after ICO is over and on.
UMT is a utility token, used as fuel for smart contracts in BubbleTone system similar to GAS in Ethereum blockchain, in other words it is necessary to pay processing commissions to miners in BubbleTone system. UMT will be traded in exchanges same as any other token.
BubbleTone users won't need to have UMT to use BubbleTone services, but UMT token holders will be able to use UMT to pay for services in the application or sell UMT tokens.
Service providers and mobile operators will use UMT to pay commissions to miners for smart contracts processing. They will also be able to sell their tokens if needed.
Miners in our system can place 1 million or 1 thousand of UMT on their deposit and get a license for a Super or Mini Node, which generates revenue from smart contracts processing during the process of interaction between mobile operators, service providers and users within BubbleTone system. Miners will receive their income in UMT tokens and will be able to use them at their discretion.