What is the point of burning UNITUS for BAAR?
For one thing, people who held UIS after our burn lost most of their money. People who burned their UIS for BARR did not lose their money.
So that's one good reason, since the price of BARR has gone up and the price of Unitus has drastically dropped to 8 satoshis.
Another reason would be liquidity, since the price of UIS would instantly be at 1 satoshi, and then soon 0, if anyone wants to sell more than .12
BTC worth. People have been able to sell a lot more than that after they swapped their coins to BARR, and BARR currently has over $800 worth of buy orders on the market.
Another thing is that Unitus depended on Poloniex, and was left with no way to trade when Poloniex delisted it. Now it's depending on Cryptopia. BARR can never be delisted from the decentralized NXT asset exchange, and so people who burned their UIS for BARR are now holding a more decentralized cryptocurrency.
BARR also has the full strength and security of the NXT network, with hundreds of active peers.
Unitus has forked and stopped working, although the dev did quickly fix those problems. BARR has not had those problems, and BARR doesn't have a coinstealer virus alert either.
So those are some reasons why 46% of all existing UIS coins were burned for BARR.
We burned over 17 Million UIS, and we exchanged them at a value of about 320 satoshis per UIS. That means UIS holders who swapped for BARR got about 54 bitcoins worth of BARR for their UIS. Right now, the entire marketcap - all remaining UIS in circulation - is less than 2 bitcoins.
I hope your investments work out for you, but the fact is that not one person in the world is currently willingly to offer even 10 satoshis for UIS. BARR paid 32 times more than that.
