A new decentralized Bitcoin
Bitcoin Ultimate (BTCU) is a new decentralized cryptocurrency that will bring many features and benefits along the way. The idea is to have a better Bitcoin and make Satoshi's vision into a reality.
Bitcoin Ultimate members will be able to mine, stake and quickly transfer your BTCU to anyone, anywhere in the world at a low cost. And once available, all community members will also be able to trade and use BTCU to purchase goods and services (Merchants, contact us for partnership inquiries).
Intro
In our view, there are fundamentally two different types of exchanges: the ones that deal with fiat currency; and the ones that deal purely in crypto. It is the latter one that we will focus on. Even though they are small now, we strongly believe that pure crypto exchanges will be bigger, many times bigger, than fiat based exchanges in the
near future. With your help, Bitcoin Ultimate will build a world-class crypto exchange, powering the future of crypto finance.
Problems
Some of the current crypto exchanges suffer from a number of problems:
⦁ Poor technical architecture
Many exchanges are “put together quickly”, by good tech people, but who have little or no experience in finance or in operating an exchange. They often choose the simplest approach to get the system up and running. While this may work well in the beginning, as traffic grows, the system will not able to handle the increased load. Exchange systems need to be engineered from
the ground up with security, efficiency, speed, and scalability in mind. This often slows down the initial development, but is critical for long-term success. Our team has decades of combined experience building and maintaining world class financial systems that shape the economy. We understand how these systems are built from the ground up.
⦁ Insecure platform
There are hundreds of exchanges that went down due to being hacked . 1
Bitcoin Ultimate is built to high standards, audited, and penetration tested. We have experience building financial systems to the highest security standards and
strive to ensure security first.
⦁ Poor market liquidity
Professional traders and normal users are significantly affected by this. Having a shallow orderbook means high slippage when trading, which is very expensive for traders. Getting miners, institutional investors and large traders into a new exchange is a chicken and egg problem, and requires a team with deep industry resources.
⦁ Poor customer service
Traders are a different breed when it comes to users. Understanding the trader mentality is vital for running a successful exchange. Money is literally on-the-line. Many exchanges service traders as if they were running a social media site. A 3-second delay in seeing your friends’ status update would hardly be noticed, but on an exchange, the same would be unacceptable, resulting in a torrent of user complaints.
In additional to the technology stack, Bitcoin Ultimate is built with service in mind. Bitcoin Ultimate shares support responsibilities across the entire staff and company. When a trader has a problem, they get an answer directly from someone who knows the system and not someone reading from a script.
⦁ Poor internationalization and language support
Blockchains have no borders. Most exchanges focus only on one language or one country.
Our international multi-lingual team has extensive working experience in North America, Europe and Asia, and we are able to smoothly support the global market.
Matching Engine
Our matching engine is capable of sustaining 300,000 orders / second, making
Bitcoin Ultimate one of the fastest exchanges in the market today. You can be certain, on our exchange, that your orders will never be stuck due to the matching engine being
overwhelmed.
Feature Rollout
We will roll out the platform in roughly the following order:
⦁ Spot trading
⦁ Margin trading
⦁ Futures
⦁ Anonymous instant exchange
⦁ Decentralized (on-chain) exchange
⦁ and more…
Coins
Bitcoin Ultimate will support trading pairs in the following coins:
⦁ BTC
⦁ ETH
⦁ LTC
⦁ BCH
⦁ BTCU (Bitcoin Ultimate)
More coins will be added over time. We generally will only add coins that have strong credibility, user base, and liquidity. If you have a coin that you wish to be
listed on Bitcoin Ultimate later, participating in our Airdrop and Bounty program will help.
Device Coverage
We will provide cross-platform trading clients for:
⦁ Web-based trading client
⦁ Android native client
⦁ iOS native client (pending App Store review)
⦁ Mobile HTML5 client (including WeChat H5 client)
⦁ PC (Windows) native client
⦁ REST API
Multilingual Support
We will support English, Chinese，Japanese and Korean on all of our user interfaces.
Revenue Model
Bitcoin Ultimate revenue will come from the following sources:
Exchange Fee - Bitcoin Ultimate initially will charge a 0.2% fixed fee per trade. Other variations will be subsequently introduced, including
maker-taker, volumed based tiering and 0 fee promotions. We have no plan to charge above 0.2%.
Withdrawal Fee - Bitcoin Ultimate may charge a small fee for withdrawals. Listing Fee - Bitcoin Ultimate will select innovative coins and other assets to be listed on the exchange, there may be a fee associated with
those listings.
Margin Fee - If you trade on margin, there may be a fee or interest on the borrowed amount.
Other Fees - There may be other fees the platform may collect for various
services such as automated algorithmic order etc.
Bitcoin Ultimate (BTCU)
We issued our coin, called Bitcoin Ultimate. A strict limit of 308 million will be created, never to be increased.
Premine Allocation
15% - Dev team
25% - Reserved for network stabilization to prevent 51% attacks (5%) & for merchant insurance (20%)
(Temporarily stored until network is fully stable, once stable, the coins will be rewarded to top 25% wallet holders, EXLUDING team)
30% - Bountyes
10% - Airdrops
20% - Marketing, PR, Development, Payments, etc.
General Info
Algo: Scrypt
PoS Reward: 10%
Total supply: 308,000,000
Distribution Info
Distribution will be fair and simple. Everyone will be given coins for free through airdrops and bounties. You do not need to have BTC to receive BTCU, this way it will be easier to welcome new people into cryptocurrencies. There will be no ICO.
BTCU Value
You can use BTCU to pay for any fees on our platform, including but not limited to:
⦁ Exchange fees
⦁ Withdraw fees
⦁ Listing fees
⦁ Any other fee
When you use BTCU to pay for fees, you will receive a significant discount
Usefull links
Website - Under construction
Explorer -
https://www.blockexperts.com/btcu#Windows wallet -
https://files.fm/u/vpsspwk4Linux wallet -
https://files.fm/u/bw37jnh4Exchanges:
Crex24:
https://crex24.com/exchange/BTCU-BTCMicromm:
https://micromm.online/market/BTC-BTCUAltMarkets:
https://altmarkets.cc/market/BTC-BTCUANN thread -
https://bitcointalk.org/index.php?topic=5050651GitHub:
https://github.com/BitcoinUltima/bitcoinultimateTwitter:
https://twitter.com/BitcoinUltimat1Discord:
https://discord.gg/Nyf244V
