Unobtanium Coin is a cryptocurrency based on a proof-of-work algorithm and focused on a fair and stable distribution system. Everything else around this coin makes little sense.
The company has developed a special mining and market launch concept to keep the currency as low in inflation as possible.
The UNO coin is backed by a market capital of USD 22 million of which around USD 83,000 is traded daily on the digital exchanges Bittrex, Cryptopia, C-Cex, Bleutrade and CoinExchange.
The price for a Unobtanium Coin is 112.29 USD (as of 18.12.2017).
Unobtanium Coin – The Cryptocurrency
A total capacity of 250,000 Unobtanium Coins is planned. Currently 197,726 coins have already been mined.
Since the company wants to keep inflation low and the distribution of coins fair, the following rule applies to mining. The reward for the first 2000 blocks was 0.001, from 2001 onward 0.0001.
The reward is halved every 100,000 blocks. The minimum reward is 0.0001 after having halved 15 times.
A total of 190,000 coins will be distributed and 60,000 will be stored for long-term mining support.
The pools Multipool, ZPool, Cryptominer and Prohashing can be used for mining.
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The algorithm used for Unobtanium Coins is the SHA256 proof-of-work algorithm, and coins can be stored in the Unobtanium Wallets for Windows, Mac and Linux, as well as in the QT Wallets Windows, OSX and Linux.
Other wallets that can be used are Android Coinomi Multicoin Wallet and Paper Wallet.
Unobtanium Coin – The Company
Unobtanium Coin presents itself as original and rare cryptocurrency.
With a maximum of 250,000 coins in total and a fair distribution system, the company manages to keep the currency’s inflation rate low.
The market launch of the currency was announced via Bitcointalk and was very fairly structured.
The first 1000 blocks that were mined were remunerated relatively low, so that Miner had time to set up their equipment appropriately. In addition, the currency can be mined parallel to Bitcoin. The developers use a secure and highly complex blockchain that is three times faster than Bitcoin’s one.
The team behind Unobtanium is just as mysterious as the currency itself.
The founder of the company wants to remain anonymous, in the internet he is only known under the code name BLAZR2.
Only the leading developer, Bryce Weiner, is a well-known figure in the cryptocurrency.
He invested in the currency at an early stage and was already involved in many cryptocurrencies. His vision is to use the power of the Blockchain for more humanitarian benefits all over the world.
This is clearly reflected in Unobtanium’s corporate vision of presenting a fair, stable, secure and decentralized cryptocurrency.
Unobtanium is a fair cryptocurrency. Not only that there were no pre-mines before the market launch, but also that miners are equally rewarded and that the sales department is made just as fair, ensures that Unobtanium is already becoming very popular with its users.
The currency has an active and experienced community that welcomes newcomers to the cryptocurrency community.
You can’t buy it directly for fiat on any exchange. You can choose the best coin exchange for your region and buy BTC there, then trade it for UNO on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is trustworthy and has acceptable fees and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is a good Coinbase alternative. Coinmama is also safe exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit place to trade crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options. You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets. We have also compared top 3 hardware wallets: Ledger vs Trezor vs KeepKey.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com