The Ultranote cryptocurrency is based on Cryptonight and is presented as a fork of DigitalNote (XDN). The use of a highly renowned technology hides a massive infinite coin emission. The first block gave 18 bln coins to devs. Each locked coin can give up to a 3% yield through yearly interests. While these 18 bln coins provide huge interests to devs, enthusiasts are asked to mine the coin for 150 XUN block reward per 2 minutes at their power and hardware expenses… When 18 bln pre-mined coins give 540 million XUN a year, mining only gives 39 million coins a year (365 days x 24 hours x 30 blocks per hour). The devs will always own more than 90-95% of the emitted coins. They also deny any discussion and rejects the 39 million vs 540 million facts. Because of this, this coin can not be seen as a fair and legitimate POW. The coin is not totally dead but its value may tend to 0 satoshi as long as the devs get interests and some retard people realize…
Is UltraNote a Scam?
Disclaimer: UltraNote Cryptocurrency | UltraNote ICO
UltraNote is a cryptocurrency project that issued UltraNote tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is UltraNote a Scam ICO?
Data on whether UltraNote conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against UltraNote or in support of UltraNote. The data is only an aggregation of claims cited against UltraNote.
The above claims about UltraNote (ICO), UltraNote’s token, or UltraNote’s team are externally sourced. They may claim that:
– UltraNote did an ICO and then exit scammed
– UltraNote has an undedicated project development after the UltraNote ICO
– UltraNote token got pumped and dumped by the UltraNote team
– UltraNote is a dead project with a worthless UltraNote token
However, external claims about UltraNote project, UltraNote token, UltraNote team, or even UltraNote advisors may not be supported by accusers of UltraNote ecosystem and thus individuals seeking to learn more UltraNote team or about the UltraNote cryptocurrency are recommended to directly contact UltraNote team members or UltraNote token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim UltraNote is an exit scam or that UltraNote is any other type of scam, nor does CoinCurb insinuate that UltraNote (or UltraNote token) team are scammers or that UltraNote (or UltraNote token) advisors are scammers. CoinCurb allows viewers to reference sources related to UltraNote development, UltraNote token trading, and/or UltraNote team as an uncertain reference when deciding if UltraNote is a scam or UltraNote is not a scam.