Post
Topic
Board Tokens (Altcoins)
Re: [ANN] UNIVERSA | Blockchain Protocol for Business
by
Zirnitra
on 19/07/2020, 20:19:21 UTC
Its been a while last time I used this forum. Point Im here is to raise awareness over few issues that are seemingly  impossible to find answers to.

Few of the guys having an eye on Universa noticed (quting one the lads) following:

 "The requirement of U is deeply wired in the network code, it would make no sense to remove it for various reasons. However the need for UTN is „just“ a contractual requirement and we have to believe them more or less".

In simple terms, "U" was droped from equatation of tokeneconomics, UTN remains as stated in whitepaper. Now, because no private networks had been disscused before and long after TGE (community been aware of the public network for which nodes aplication was made), there is a concern raised UTN would be used as stated, alas from Universa owned stash. That would bring us to awkward situation tokens owned by Universa are utility tokens while community tokens can be used to, well swap back and forth. There is no mechanism explained how community can sell tokens to the Universaş clients.

As of the mechanism I mentioned is the same as AB said in last AMA, rewind please to 18th minute: https://www.youtube.com/watch?v=NeuXCMBal_M&t=156s


On the good note, Universa has first, extremely significant use case. For the time being mydocumets.tn  e-signature as certified service, deployed in Tunisia is available to regular Tunisian citizens to sign their papers officially.
Except that UTN¸s are used, there is no mention how National Blockchain buys tokens from exchanges not registered in Tunisia and do the swaps in light of "U" being removed from equatation.