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Author Topic: [ANN][UDD] UDD - BTC Airdrop | Decentralized Tangle | Negative Transaction Fees  (Read 908 times)
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UDDTeam
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January 08, 2018, 06:07:27 AM
 #1

Links

Statistics
  • Name: Universal Digital Dollar
  • Code: UDD
  • Symbol: $
  • Precision: 9
  • Smallest Unit: nano-cent
  • Validation Model: Tangle (24 hours long) saved to Blockchain (hourly, PoS/PoW hybrid)
  • Total Supply: 210,000,000 UDD
  • Mining Required: No
  • Economic Model: Inflationary (at 2% of total supply per year)
  • ICO Start: Feb 1, 2018
  • Exchange Rate: 1 UDD = 0.02 ETH

Key Features
  • No fee transactions
  • Buyers, sellers, and validators are paid for making transactions
  • Buyers can optionally reward charities and governments at no cost to themselves
  • Anonymous, public, or verified profiles
  • Adaptive validation levels
  • Sellers specify profile types and validation levels for each item
  • Marketplace with REST API for items sold in UDD
  • Multiple methods of payment
  • Trust model and user rating system
  • Incentives and active sales team to encourage vendors (big and small), employers, non-profits, and governments to participate in a well-rounded economy
  • Proof-of-stake funds double as lending pool
  • Automated loan system with credit ratings and default recovery

How can we offer offers no fee transactions that pay you?
Short answer: Inflation gets converted to fair rewards for all.

Long answer: Inflation is calculated yearly and divided into daily chunks. The daily inflation is split into different channels to pay:
  • 30% to buyers and sellers for making transactions
  • 50% to validators for validating transactions
  • 10% to charities and governments for opt-in donations by buyers
  • 10% to pay back loan defaults

At the end of each day, the funds for each channel are distributed based on:
  • the number and value of transactions for each buyer and seller
  • the number of validations by each validator
  • the number of donations to each charity
  • the share of defaulted loan amounts
  • caps on some channels to prevent one user from hogging all the funds



For more details, please review the whitepaper or feel free to ask any questions here. Check back on the website or this thread for updates. Thanks.

-- The UDD team
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Albe96XDAa
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January 08, 2018, 06:12:57 AM
 #2

Nice looking website! But I think the whitepaper link is not working?

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UDDTeam
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January 08, 2018, 06:14:04 AM
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Nice looking website! But I think the whitepaper link is not working?
Should be fixed in a minute, sorry!

Edit: Fixed link, take a look at our whitepaper now!
msjuris
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January 08, 2018, 06:37:21 AM
 #4

may i know how long will the airdrop last?

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January 08, 2018, 06:57:02 AM
 #5

I'm very interested in Bitcoin aidrop. Please give me more details.

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January 08, 2018, 08:21:25 AM
 #6

Need more information about the initial distribution of tokens UDD.
ikhub
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January 08, 2018, 08:53:08 AM
 #7

The exchange rate as proposed is Exchange Rate: 1 UDD = 0.02 ETH, but for Airdrop you will provide 1 UDD for 1 BTC. How many people do you think holds 1 BTC?
Another thing which I am wondering is, you are approaching for an ICO ie, asking for investment, but you do not have the money for a paid domain, using a free .cf one Grin

ljp08134
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January 08, 2018, 03:20:21 PM
 #8

How do you block an attacker that sends money between his addresses to make more money?
UDDTeam
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January 09, 2018, 02:02:44 AM
 #9

Airdrop coming soon! We will be increasing the amount as suggested since this is a relatively new coin. Stay tuned for updates.
Cryptobel-NL
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January 09, 2018, 02:05:20 AM
 #10

Would love more details about the airdrop!
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January 09, 2018, 02:16:52 AM
 #11

It looks good. I'm very interested in bitcoin assistance. Please give me more details. I would be happy to be one of the first supporters.

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January 09, 2018, 02:49:48 AM
 #12

Sound good! I like to know more details about the airdrop. I am interest about the project.

siemonangle007
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January 09, 2018, 11:57:39 AM
 #13

please more info  like to join it
BTCean
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January 09, 2018, 12:08:19 PM
 #14

Sounds not bad but it would be nice to have more information. Whats the exact concept of the Airdrop and when and how is it going to start?

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AsepHendar27
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January 09, 2018, 12:16:10 PM
 #15

How about under 1BTC, can i get it?

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January 09, 2018, 12:17:38 PM
 #16

I would like to join the airdrop

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January 09, 2018, 12:21:47 PM
 #17

Greatings! I've found your project very interesting and I would like to join yor airdrop. Good luck!
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ArcBlock ICO – visit https://arcblock.io


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January 09, 2018, 12:30:22 PM
 #18

Jan. 9  now and still no information about airdrop campaign.

ArcBlock ICO – visit https://arcblock.io
cryptoRX
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January 09, 2018, 12:38:14 PM
 #19

Another exchange is always good especially if it delivers on its promises. As for the airdrop, it says 1BTC to 1UDD and yet the snapshot is of BCH blockchain... So is that btc or bch?

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January 09, 2018, 04:04:08 PM
 #20

Any news on the airdrop? I'm interested.  Grin

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