UFR Token Generation Event: Contribution Period v.1.0. Detailed Report
Update - UFR Token Burn
After the contribution period, a token burn occured to burn the unsold tokens and scale down the total supply of UFR to a maximum of 24,000,000 UFR. For more information, see this post on Reddit.
• 844.01973 Ethers were generated from contract contributions. All transactions can be viewed on Etherscan.
• BTC, ETH, and LTC contributions were accepted briefly at the start of the crowdsale, sent directly to our addresses instead of the contract. During this time, 0.07255 BTC, 6.46959 ETH, and 39.49 LTC were raised and UFR tokens were generated and sent to contributors by the contract.
• 13,275,270.1382 UFR was generated in total between ETH smart contract, BTC, ETH, LTC, and bounty campaign contributions, held between 422 addresses.
• Bounty Campaign UFR will be generated in the week following the crowdsale. After the Bounty Campaign concludes, the contract will be finalized. UFR cannot be transferred between addresses until this time.
• 400 million UFR was generated as a reserve. This UFR will not be in circulation when trading goes live. Because the hard cap was not reached, a large portion of this UFR is set to be burned in order to scale down the total supply. In addition, the total UFR held by team members and developers will be scaled down to 19% of the new total supply.
• The project has received the minimum funding required and will proceed as planned.
• For updates regarding the application's development, UFR trading on exchanges, and other events, subscribe to our mailing list and follow our social media pages on Facebook and Twitter.
• For further questions about the contribution period, please email email@example.com.
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