Ultex (Beta) - Division of Umbru LabsI am proud to announce Ultex a division of Umbru Labs, which means Ultex is owned and run by the community! Development will be funded with the Umbru Labs proposal that has just recently passed with you the community deciding the direction things go (listings, features, updates). Ultex currently supports the following wallet types;
- Bitcoin based
- Ethereum based
- Ethereum tokens
- EOS
- EOS tokens
- Ripple based
Currently Ultex is centralized but as developments by @Ryxor continue with the Umbru network/wallet/blockchain plans are to slowly move each module onto the Umbru network (on chain deposits/withdrawals, trading and eventually accounts).
You may ask why another exchange platform?With the rising costs/listing fees of traditional exchange platforms, Ultex has been built to support and supplement the Umbru network. Giving benefits and another source of income to our Masternode holders that help decentralize the network. I have given a quick outline below of some of the benefits;
- Monthly trading fees (after Ultex costs) will be used to purchase UMBRU at market price the distributed evenly upon all active Masternodes.
- Priority listing fees (paid in UMBRU) will also be evenly distributed among all active Masternodes otherwise listings are free.
- Any trading fees earned in UMBRU will be publicly burnt each quarter reducing total supply.
- Masternodes will gain additional funding once on chain network transactions are enabled.
How can I get involved?For suggestions, feedback or requests you can post your thoughts in the #requests channel, for more indepth involvement you can send an email to
support@ultex.io or message me personally to discuss what you wish to be involved in/can offer.
Owning a Masternode is also a passive involvement/income and proposals will be created/voted on for Ultex related topics.
Trading Fees, Listing Fees. What are all these fees?Ultex aims to provide a fair and equal service to all projects, from the smallest to largest. We think that listing fees for traditional exchanges can be unfair and unjust in proportion to cost, as trading fees are also charged.
At Ultex listing fees are free (subject to approval from the community)An optional fast track listing fee is available (paid in UMBRU and distributed to Masternode holders) to list a project faster. Note, this does not bypass any checks or community agreement.
Links: - Website:
https://ultex.io/ - Market:
https://ultex.io/trading/umbrubtc - Listing Form:
https://listing.ultex.io/ - API (WIP):
https://docs.ultex.io/ - Fees:
https://ultex.io/fees - Privacy Policy:
https://ultex.io/privacy-policy - Terms & Conditions:
https://ultex.io/terms-and-conditions
