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Board Announcements (Altcoins)
Re: [ANN]🔥🚀 Ultranatum Coin(ULTRA) Progressive Nodes | Mobile app|Bounty
by
Ultranatum
on 03/05/2018, 03:50:34 UTC
morethan 300k premine is burned
http://explorer.ultranatum.org:3001/address/UPCryptoLifeDotNetBurnAddrXXcC6n5f
this is a burn address as you can see it has a "name and dot net     UPCryptoLifeDotNetBurnAddrXXcC6n5f



is for Fund and developement/marketing

Im not so active on BTC talk
Burnt, really?
I have checked the address, and what I saw is all those coins, which are about a bit more than 330k still existed in the address.
Spending a couple of seconds to look at the Ultranatum Rich List, the address is the first one in the list.
http://explorer.ultranatum.org:3001/richlist

Therefore, I have two questions for you:
1) Why the project premined 500k coins, then decided to burn more than 330k coins? Why not originally premined only 200k coins?
2) What I saw is those coins currently locked in the address. So, what should I do to know that they are really burnt or simply locked there and will be used some day in the future?

Thanks for your upcoming clarifications, Ultranatum.

https://dev.cryptolife.net/trusted-burn-addresses/  READ HERE

the coins are  not possible to be retrieved


it does not matter now why we burned 330k coins they are gone forever