Re: [ANN][UTIL] UtilityCoin - x13 POS - Large Update - 10/30 - Advancing Privacy

[mackj]

When   ProxyVPN   comming

[FegasaurusRex]

http://utilitycoin.net/ann/utillogo_text.png


As promised here is the first press release. We'll have a roadmap coming soon.

https://twitter.com/UtilityCoinTeam/status/520218744904089600

View PDF:

http://utilitycoin.net/UtilityCoinPressReleaseOctober9th2014.pdf



Plaintext:

UtilityCoin

PRESS RELEASE
October 9th, 2014


Utility Coin (UTIL: Bittrex, C-Cex) is a new Cryptocurrency(1) released on September 26th, 2014 with a fiercely competitive Proof of Work (PoW) phase lasting 2 days.  Less coins were mined than anticipated, due to the hybrid Proof of Stake (PoS) implementation, which the blockchain transitioned to flawlessly.   The end result was approximately 3,700,000 minted coins, paying 10% annual interest due to the PoS network.

Shortly after the PoW phase completed, exchanges were available for trading to take place, with volumes as high as $50,000 USD per day(2).  UTIL is definitely punching above its weight class, with volume higher than established currencies worth up to 40 times more market capitalization.  Anticipation can be seen throughout social media networks, as investors rush to become early adopters before core functionality is released.

The development team released plans that aimed to: “Apply value to money through innovation”(3).  Many examples were given, most notably the ability to develop real world business applications and submit them to the UTIL repository.  This will allow businesses and organizations seeking technology solutions, to ‘unlock’ portions of the UTIL Operating System over the blockchain, by purchasing coins.  This will not only secure the investments of the entity that purchased coins, but will pay developers, bringing value to the project.  This will allow early adopters of UTIL to benefit from outside investments, which will provide a constant influx of capital into the currency.

According to lead developer Mike C(4):  “I’ve always believed in the core values of Cryptocurrency, being economic freedom and innovation, and wanted to merge them into real world business applications.”  Which lines up perfectly with some of the notable names in the industry who are considering joining the team so far, such as:  Dan Metcalf. Brad F.  Patrick W. Jim V. Walen.  Darren V.  This knowledge base brings experience from projects that have made it to the pinnacle of digital currencies, but none so far have been branched into real world applications such as UTIL.

UTIL plans to bring value to the project through outside innovation, but the plans internally have only been vaguely referenced.  Focusing on anonymity, a cornerstone of Cryptocurrency, UTIL is developing a decentralized peer-to-peer network layer that will exist in the wallet framework.  This will be comparable to the Tor network, where each node (wallet) can choose to participate in a sub-network that allows users to conduct business online as someone else.  This will be followed up with anonymous send technology, allowing individuals to send coins without a trace on the block chain.

Sustainability is a major theme for UTIL development, this project aims to be the industry’s reserve currency.  With outside investments, an all-star team, and bleeding edge technology imminent, there could not be a better time to get involved.  UTIL can and will change how the world looks at Cryptocurrencies, most likely due to its use in a business environment.  Innovation has always been the best path to prosperity, especially when it empowers freedom for societies and individuals.  UTIL is not built on promises, the core functionality is built and will be released shortly.  Developers are now in the process of testing the OS to build third party applications.  Unlike other projects, which constantly bleed value, and lately plummet during major releases, UTIL serves a purpose.  It will finally end the cycle of hype based speculation, and allow investors to be paid interest to make money.  

A development roadmap is being accurately planned and the UtilityCoin development website is underway.

PRESS CONTACT:  utilitycoin@gmail.com
WEBSITE:  www.utilitycoin.net
TWITTER:  https://twitter.com/UtilityCoinTeam
BITCOINTALK:  https://bitcointalk.org/index.php?topic=797900.0


References:
1: http://en.wikipedia.org/wiki/Cryptocurrency
2: https://bittrex.com/Market/Index?MarketName=BTC-UTIL
3: http://utilitycoin.net/ann/UtilityCoin-Introduction.pdf  
4: http://cryptoasian.com/util-utilitycoin/

View PDF:

http://utilitycoin.net/UtilityCoinPressReleaseOctober9th2014.pdf

Great stuff guys.

Good time to get in on the action. The coins are looking nice and cheap. Looking forward to the roadmap!

[blackbird307]

Just an FYI for, if utility reaches 1 million market cap, like all altcoins will at some point, that's about 7.2927482268083787667901489381926e-4, 72k satoshi per coin. I don't understand bears here.

[kicker]

Team of devs... is the XC dev in or not?

[FegasaurusRex]

Just an FYI for, if utility reaches 1 million market cap, like all altcoins will at some point, that's about 7.2927482268083787667901489381926e-4, 72k satoshi per coin. I don't understand bears here.

Weak hands letting go of coins at a cheap price is ultimately better for the coin and better for the rest of us. When the devs continue to prove themselves innovative/trustworthy we will see some big numbers. Let those who want to take a profit, or a loss, at this point do it. They'll be kicking themselves later.

[sofu]

Is this another prometheus coin?

[Spartan10]

Is this another prometheus coin?

I think that is fontas coin look at his tweet.

[vanyabios]

yes it is next whales toy

[blackbird307]

So what features will this coin have?


If I use this I won't be able to watch porn? Like a proxy or blacklist built into a coin? Sounds kind of silly.
I don't understand fully.

[Cloakko]

Yeah, what's the plan for UTIL ?

Why should I buy it ?

[La Equidad]

This is end of this coin? I belive not, but my time is expensive, not want wait.

[blackbird307]

Well I just bought another bitcoin worth... soooo yeah.

I have a feeling we haven't even seen the surface of the matter yet. I like it when devs are secretive, silent. Usually means something big coming

[Epimetheus]

Just relax and enjoy the weekend. Next week we will see some nice action probably. Like the dev said: "We are just starting".

[mackj]

Just relax and enjoy the weekend. Next week we will see some nice action probably. Like the dev said: "We are just starting".

Today is Friday, the developer does not appear

[FegasaurusRex]

Well I just bought another bitcoin worth... soooo yeah.

I have a feeling we haven't even seen the surface of the matter yet. I like it when devs are secretive, silent. Usually means something big coming

Cheap coins. Yum.

[dleader]

This is end of this coin? I belive not, but my time is expensive, not want wait.

That was the plan to get you to break and dump. Slow  clap for you.

[utilitycoin]

Just relax and enjoy the weekend. Next week we will see some nice action probably. Like the dev said: "We are just starting".

Today is Friday, the developer does not appear

A two page press release was just posted yesterday and submitted to news sites. There are other parts of the project to be worked on, and daily hand holding is unnecessary, but I'll update just for you.  

As promised here is the first press release. We'll have a roadmap coming soon.

https://twitter.com/UtilityCoinTeam/status/520218744904089600

View PDF:

http://utilitycoin.net/UtilityCoinPressReleaseOctober9th2014.pdf



Plaintext:

UtilityCoin

PRESS RELEASE
October 9th, 2014


Utility Coin (UTIL: Bittrex, C-Cex) is a new Cryptocurrency(1) released on September 26th, 2014 with a fiercely competitive Proof of Work (PoW) phase lasting 2 days.  Less coins were mined than anticipated, due to the hybrid Proof of Stake (PoS) implementation, which the blockchain transitioned to flawlessly.   The end result was approximately 3,700,000 minted coins, paying 10% annual interest due to the PoS network.

Shortly after the PoW phase completed, exchanges were available for trading to take place, with volumes as high as $50,000 USD per day(2).  UTIL is definitely punching above its weight class, with volume higher than established currencies worth up to 40 times more market capitalization.  Anticipation can be seen throughout social media networks, as investors rush to become early adopters before core functionality is released.

The development team released plans that aimed to: “Apply value to money through innovation”(3).  Many examples were given, most notably the ability to develop real world business applications and submit them to the UTIL repository.  This will allow businesses and organizations seeking technology solutions, to ‘unlock’ portions of the UTIL Operating System over the blockchain, by purchasing coins.  This will not only secure the investments of the entity that purchased coins, but will pay developers, bringing value to the project.  This will allow early adopters of UTIL to benefit from outside investments, which will provide a constant influx of capital into the currency.

According to lead developer Mike C(4):  “I’ve always believed in the core values of Cryptocurrency, being economic freedom and innovation, and wanted to merge them into real world business applications.”  Which lines up perfectly with some of the notable names in the industry who are considering joining the team so far, such as:  Dan Metcalf. Brad F.  Patrick W. Jim V. Walen.  Darren V.  This knowledge base brings experience from projects that have made it to the pinnacle of digital currencies, but none so far have been branched into real world applications such as UTIL.

UTIL plans to bring value to the project through outside innovation, but the plans internally have only been vaguely referenced.  Focusing on anonymity, a cornerstone of Cryptocurrency, UTIL is developing a decentralized peer-to-peer network layer that will exist in the wallet framework.  This will be comparable to the Tor network, where each node (wallet) can choose to participate in a sub-network that allows users to conduct business online as someone else.  This will be followed up with anonymous send technology, allowing individuals to send coins without a trace on the block chain.

Sustainability is a major theme for UTIL development, this project aims to be the industry’s reserve currency.  With outside investments, an all-star team, and bleeding edge technology imminent, there could not be a better time to get involved.  UTIL can and will change how the world looks at Cryptocurrencies, most likely due to its use in a business environment.  Innovation has always been the best path to prosperity, especially when it empowers freedom for societies and individuals.  UTIL is not built on promises, the core functionality is built and will be released shortly.  Developers are now in the process of testing the OS to build third party applications.  Unlike other projects, which constantly bleed value, and lately plummet during major releases, UTIL serves a purpose.  It will finally end the cycle of hype based speculation, and allow investors to be paid interest to make money.  

A development roadmap is being accurately planned and the UtilityCoin development website is underway.

PRESS CONTACT:  utilitycoin@gmail.com
WEBSITE:  www.utilitycoin.net
TWITTER:  https://twitter.com/UtilityCoinTeam
BITCOINTALK:  https://bitcointalk.org/index.php?topic=797900.0


References:
1: http://en.wikipedia.org/wiki/Cryptocurrency
2: https://bittrex.com/Market/Index?MarketName=BTC-UTIL
3: http://utilitycoin.net/ann/UtilityCoin-Introduction.pdf  
4: http://cryptoasian.com/util-utilitycoin/

View PDF:

http://utilitycoin.net/UtilityCoinPressReleaseOctober9th2014.pdf

The development is well underway but there is no rush to cause an instant price rush for speculator gains. UtilityCoin aims to be a longer term project and some personal patience should reward those with the capital to invest at these undervalued prices.


Roadmap is being planned out carefully and will be posted soon, I want to make sure we have realistic dates.

Today is Friday, the developer does not appear

go out have some fun, its friday and devs gotta get they swerve on too

http://a.fod4.com/images/GifGuide/friday/tumblr_li09ppSCc61qa366t.gif

[dleader]

U are a kind and benevolent dev. May the gods of friday be with you. :p

[philipvdlinde]

I am not going to even look at the prices as they are currently irrelevant. Can't wait until roadmap comes out.

[mackj]

I am not going to even look at the prices as they are currently irrelevant. Can't wait until roadmap comes out.

I think 7000sat is  floor price.