So, I like the 1:10 ratio swap, but 0 times 0 is still zero. Why should I invest a significant amount of Bitcoin into Jumbucks for the swap to Ubiq? Jumbucks has had 2 years to work on the project. What's been accomplished during that time? Like, what can you use Jumbucks for? And right now there are only 2 markets that carry JBS, and as of today, one of those markets had $48 in volume... Bittrex. Um, why such low volume, and why not more markets in 2 years?
What will make Ubiq unique as an Ethereum fork? There are quite a few Dapp platforms now. And why is the swap so disproportionate? If somebody came in on Bittrex right now and bought 10 BTC worth they'd get about 100,000 JBS. After the swap they'd have 1,000,000 Ubiq, or 1/36th of the total supply. 10 BTC isn't that much especially if you're a whale. Doesn't the high ratio swap make fair distribution of Ubiq more difficult? Would be very easy to control the market. Anyway, mainly just curious what the future plans are for Ubiq, especially since Jumbucks doesn't appear to have been too successful. Can we expect a roadmap for Ubiq any time soon?
During the 2 years of Jumbucks, we have built a very active community, ran a number of community events (e.g fantasy football leagues), launched a number of proof of concept services (e.g Jumbucks whois) and learnt a lot about what works, and what doesnt. The chain has been stable and the network healthy during this time, with no forks or freezes. We optimized PoS. We have continued to maintain and build the platform, without any premine, ICO, or funding of any kind.
Ubiq is unique on the core level for a number of reasons. Difficulty algorithm replaced with Digisheild V3, Difficulty bomb removed, and the first blockchain to implement Exponentially Subjective Scoring (ESS).
Other than the technical aspects, we intend to manage the project quite differently to most Dapp platforms. Instead of focusing on, and hyping a single Dapp, our focus will be on the platform itself. Providing standardized and well tested modules that can be utilized by Dapps to ease development and lower the chance of bugs in more complex Dapps. There is also a number of existing altcoins, that plan to swap to tokens on the Ubiq chain.
The 1:10 swap is somewhat related to the reason for rebranding. The 2 largest issues holding JBS back from growing further have been the low coin supply, and not being taken as a serious project upon first glimpse. The increased supply will actually result in better distribution, as there are more whole units for people to trade and spend, although divisible, psychologically people still like whole units. It wont affect market control, as the % of supply doesnt change, if you have 10% now, you will have 10% after the swap. The increased supply will also make it much easier to achieve a higher market cap.
We have intentionally kept JBS on a small number of exchanges, due to many exchanges providing a less than acceptable service (often disappearing with everyones coins or getting hacked etc), and to consolidate volume. the only two exchanges that really matter imo, are trex and polo.
Volume has been inconsistent, you just happened to check on a bad day, a few days ago there was ~100btc volume (~$60k) for example. It highly depends on whats going on, both in the jumbucks world, and other markets.
Great questions, keep them coming.
Lot's of trust in this project. Invested some in it and waiting for a swap and new features of this coin