The UTU team took a look at how the liquidity mining program has been running and we need to make some changes.
We will still run the program until the last payout in ~20 days, but we are reducing the reward to 5 UTU per block, instead of the 15 UTU per block that we're currently paying. This equates to an APR of about 100% on liquidity provided. Still pretty strong.
The reason for the change is that the inflation of UTU is too high compared to the amount of liquidity that's being added. We know you love your UTU rewards, but we hope you understand why we need to make these changes.
In the meantime, we are exploring a staking program where you can stake your UTU on one of our partner exchanges for rewards. Stay tuned for more news about this.
Let me know if you have any questions. Thanks!
We will still run the program until the last payout in ~20 days, but we are reducing the reward to 5 UTU per block, instead of the 15 UTU per block that we're currently paying. This equates to an APR of about 100% on liquidity provided. Still pretty strong.
The reason for the change is that the inflation of UTU is too high compared to the amount of liquidity that's being added. We know you love your UTU rewards, but we hope you understand why we need to make these changes.
In the meantime, we are exploring a staking program where you can stake your UTU on one of our partner exchanges for rewards. Stay tuned for more news about this.
Let me know if you have any questions. Thanks!
#partnership #ampnet
Dear UTU Trust Community 📢
We are thrilled to announce that UTU Partners with AMPnet to Increase Trust on Their Crowdinvesting Platform💥💫
AMPnet will integrate UTU’s Trust Infrastructure to build trust between investors and projects raising funds using their product. They will be using our Trust Infrastructure as a Service (TIaaS) into their blockchain-based crowdinvesting platform!
Read here for details: https://medium.com/utu-trust/utu-partners-with-ampnet-to-increase-trust-on-their-crowdinvesting-platform-a443a0efb4c5
Retweet: https://twitter.com/UTU_trust/status/1338508452126142472?s=20
Dear UTU Trust Community 📢
We are thrilled to announce that UTU Partners with AMPnet to Increase Trust on Their Crowdinvesting Platform💥💫
AMPnet will integrate UTU’s Trust Infrastructure to build trust between investors and projects raising funds using their product. They will be using our Trust Infrastructure as a Service (TIaaS) into their blockchain-based crowdinvesting platform!
Read here for details: https://medium.com/utu-trust/utu-partners-with-ampnet-to-increase-trust-on-their-crowdinvesting-platform-a443a0efb4c5
Retweet: https://twitter.com/UTU_trust/status/1338508452126142472?s=20
Medium
UTU Partners with AMPnet to Increase Trust on Their Crowdinvesting Platform
AMPnet will integrate UTU’s Trust Infrastructure to build trust between investors and projects raising funds using their product.
We'll be holding an AMA with Blocktalks on Wed, Dec 16 at 12PM UTC. See the message below for all the info. Hope to see you there!
Forwarded from BlockTɑlks️
Hey Folks 🎉
BlockTalks will hold an AMA with UTU on December 16th at 12 PM UTC in BlockTalksDiscussion 🎊
➡️ The reward pool for the best 5 questions from Telegram is $50 ($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
🌐 https://protocol.utu.io/
Questions from previous AMA will not be considered as winning question ⚠️
Ask Twitter questions here👇
https://twitter.com/HiBlockTalks/status/1338525789613015040?s=19
Rules to follow :
✅ Follow: twitter.com/UTU_trust
✅ Join: @UTUtrust
✅ Join: @BlockTalks
🔥 Total Reward Pool - $100 🔥
BlockTalks will hold an AMA with UTU on December 16th at 12 PM UTC in BlockTalksDiscussion 🎊
➡️ The reward pool for the best 5 questions from Telegram is $50 ($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
🌐 https://protocol.utu.io/
Questions from previous AMA will not be considered as winning question ⚠️
Ask Twitter questions here👇
https://twitter.com/HiBlockTalks/status/1338525789613015040?s=19
Rules to follow :
✅ Follow: twitter.com/UTU_trust
✅ Join: @UTUtrust
✅ Join: @BlockTalks
🔥 Total Reward Pool - $100 🔥
Hi all, some updates about the liquidity mining program:
1) Due to some logistical issues, we have to delay today's rewards distribution until next week. We are very sorry for this inconvenience, but rest assured that you will receive your rewards.
2) Good news - we are extending the liquidity mining program for at least another 30 days (until the end of January)! Rewards will remain at 5 $UTU per block.
Please let us know if you have any questions and thanks for your support.
1) Due to some logistical issues, we have to delay today's rewards distribution until next week. We are very sorry for this inconvenience, but rest assured that you will receive your rewards.
2) Good news - we are extending the liquidity mining program for at least another 30 days (until the end of January)! Rewards will remain at 5 $UTU per block.
Please let us know if you have any questions and thanks for your support.
UTU Trust Guardians!
Check out the latest UTU Update, where we recap all that has happened in 2020:
https://medium.com/utu-trust/the-utu-update-recap-of-2020-a482add08d44
Happy New Year and we're looking forward to a great 2021!
Check out the latest UTU Update, where we recap all that has happened in 2020:
https://medium.com/utu-trust/the-utu-update-recap-of-2020-a482add08d44
Happy New Year and we're looking forward to a great 2021!
Medium
The UTU Update — Recap of 2020
In 2020, we had successful fundraises, launched our DeFi Portal, forged a bunch of partnerships, and more!
Happy New Year! Liquidity mining rewards have been paid out. Please let us know if you haven't received them. Thanks!
Hey UTU Trust Guardians, if you want to view the Recap of 2020 in video form, here's the link: https://www.youtube.com/watch?v=AkEV3GBlF5Y. Enjoy!
YouTube
The UTU Update - Recap of 2020
Welcome to the latest UTU Update!
CCO Mike Chan recaps all that’s happened with UTU in 2020...and what a year it was!
Here’s what happened:
-Successful token sales
-Tons of partnerships
-Launch of liquidity mining
-Release of the UTU DeFi Portal MVP
…
CCO Mike Chan recaps all that’s happened with UTU in 2020...and what a year it was!
Here’s what happened:
-Successful token sales
-Tons of partnerships
-Launch of liquidity mining
-Release of the UTU DeFi Portal MVP
…
Hey UTU Trust Guardians! We'll be holding an AMA with @BigcoinVietnam Monday, Jan 25 at 7PM GMT +7. @UTUman and @databu will answer your questions and we'll be giving away $100 worth of UTU! Hope to see you there! More info 👇
Forwarded from Bigcoin - Daily Build (Leah)
📣 [AMA No.61] UTU <> BigcoinVietnam
✨Topic: General introduction about UTU Technologies and what project is building as well as roadmap
- Time: 7:00 PM - 8:00PM, Monday, January 25, 2021
- Place: @BigcoinVietnam and @UTUTrust_Vietnam
🎁 Prize: 100$ UTU/ AMA (ERC20)
⚡️AMA rules:
📍 Follow UTU on Twitter: https://twitter.com/UTU_trust and join telegram group: https://t.me/UTUtrust_Vietnam
📍 Ask questions via the AMA retweet
(unlimited number of questions but NOT ALLOWED to copy other people's questions) related to UTU in English with hashtag #BigcoinVietnam, #UTUTechonologies (Deadline: 23:59, 23/01/2021)
📍 Prepare questions to participate in live question part in @UTUTrust_Vietnam
📍No spam stickers, no swearing in the group
👉🏻 UTU Technologies website: https://utu.io/
- Participants: Mr. Jason Eisen/ Co-Founder and CEO, Mr. Bastian Blankenburg/ Co-Founder and CTO and Ms. Leah - AMA Moderator
✨Topic: General introduction about UTU Technologies and what project is building as well as roadmap
- Time: 7:00 PM - 8:00PM, Monday, January 25, 2021
- Place: @BigcoinVietnam and @UTUTrust_Vietnam
🎁 Prize: 100$ UTU/ AMA (ERC20)
⚡️AMA rules:
📍 Follow UTU on Twitter: https://twitter.com/UTU_trust and join telegram group: https://t.me/UTUtrust_Vietnam
📍 Ask questions via the AMA retweet
(unlimited number of questions but NOT ALLOWED to copy other people's questions) related to UTU in English with hashtag #BigcoinVietnam, #UTUTechonologies (Deadline: 23:59, 23/01/2021)
📍 Prepare questions to participate in live question part in @UTUTrust_Vietnam
📍No spam stickers, no swearing in the group
👉🏻 UTU Technologies website: https://utu.io/
- Participants: Mr. Jason Eisen/ Co-Founder and CEO, Mr. Bastian Blankenburg/ Co-Founder and CTO and Ms. Leah - AMA Moderator
Hello UTU Trust Guardians!
We are excited to announce that we’ve partnered with Harmony Protocol to launch our trust infrastructure on their blockchain!
-UTU’s trust and credit scoring oracles can be integrated into DeFi lending apps built on Harmony.
-Decentralized peer-to-peer marketplace apps built on Harmony can incorporate the UTU Trust API for trusted recommendations and reviews.
-Over the longer term, UTU and Harmony may collaborate on cross-border finance projects and other initiatives.
Read more here:
https://medium.com/utu-trust/utu-and-harmony-partner-to-launch-trust-infrastructure-on-the-harmony-blockchain-635e777aa3e3
We are excited to announce that we’ve partnered with Harmony Protocol to launch our trust infrastructure on their blockchain!
-UTU’s trust and credit scoring oracles can be integrated into DeFi lending apps built on Harmony.
-Decentralized peer-to-peer marketplace apps built on Harmony can incorporate the UTU Trust API for trusted recommendations and reviews.
-Over the longer term, UTU and Harmony may collaborate on cross-border finance projects and other initiatives.
Read more here:
https://medium.com/utu-trust/utu-and-harmony-partner-to-launch-trust-infrastructure-on-the-harmony-blockchain-635e777aa3e3
Medium
UTU and Harmony Partner to Launch Trust Infrastructure on the Harmony Blockchain
UTU and Harmony will collaborate to deploy UTU’s trust infrastructure on the Harmony protocol.
Did you miss our AMA with Bigcoin Vietnam? Have no fear!
Here's the full transcript of the AMA: https://medium.com/utu-trust/transcript-of-our-ama-with-bigcoin-vietnam-b27059f2dc49.
Give it a read and let us know what you think!
Here's the full transcript of the AMA: https://medium.com/utu-trust/transcript-of-our-ama-with-bigcoin-vietnam-b27059f2dc49.
Give it a read and let us know what you think!
Medium
Transcript of our AMA with Bigcoin Vietnam
On Monday, January 25, we held an AMA with our friends at Bigcoin Vietnam to spread the word about UTU in the Vietnamese market.
Hi all, we have decided to put the liquidity mining program on pause while we consider our options. Rewards will be tracked until January 31 and paid out shortly after. Thanks to everyone who provided liquidity and we hope you got some nice UTU rewards!
Hey UTU Trust Guardians, check out the January 2021 edition of the UTU Update, where we recap everything that's happened in the last month.
Product updates, partnerships, and more!
-Blog post: https://medium.com/utu-trust/the-utu-update-january-2021-c65640ab3def
-Video with Jason, Bastian, and Mike: https://youtu.be/roGaTopt66w
Product updates, partnerships, and more!
-Blog post: https://medium.com/utu-trust/the-utu-update-january-2021-c65640ab3def
-Video with Jason, Bastian, and Mike: https://youtu.be/roGaTopt66w
Medium
The UTU Update — January 2021
We’ve made some major progress on the UTU Trust API, partnered with Harmony Protocol, and held an AMA with Bigcoin Vietnam.
We are excited to partner with @OasisProtocolCommunity to launch our trust infrastructure on their network!
UTU's trust and credit scoring oracles can be incorporated into DeFi apps built on Oasis, and users will have full control over data privacy.
See this tweet for a link to our announcement blog post: https://twitter.com/UTU_trust/status/1357359614946344964?s=20
UTU's trust and credit scoring oracles can be incorporated into DeFi apps built on Oasis, and users will have full control over data privacy.
See this tweet for a link to our announcement blog post: https://twitter.com/UTU_trust/status/1357359614946344964?s=20
Twitter
UTU
We are excited to partner with @OasisProtocol to launch our trust infrastructure on their network! $UTU's trust and credit scoring oracles can be incorporated into #DeFi apps built on Oasis, and users will have full control over data privacy. More: https…
We're pumped to release the UTU Roadmap Update!
Read all about it here: https://medium.com/utu-trust/the-utu-roadmap-update-february-2021-99b0ffb2ab70
The TLDR:
-Q1: Launch V1 of our Trust API and SDK; MVP of our Fintech API and M-PESA parser
-Q2: Release the UTU protocol testnet, Android SDK, and improvements to DeFi Portal
-Q3: Launch the UTU mainnet and developer program, and extend API/SDK to other platforms
-Q4: Improve mainnet, integrate it with our API/SDK, and launch MVP of governance process.
Let us know what you think!
Read all about it here: https://medium.com/utu-trust/the-utu-roadmap-update-february-2021-99b0ffb2ab70
The TLDR:
-Q1: Launch V1 of our Trust API and SDK; MVP of our Fintech API and M-PESA parser
-Q2: Release the UTU protocol testnet, Android SDK, and improvements to DeFi Portal
-Q3: Launch the UTU mainnet and developer program, and extend API/SDK to other platforms
-Q4: Improve mainnet, integrate it with our API/SDK, and launch MVP of governance process.
Let us know what you think!
Medium
The UTU Roadmap Update — February 2021
We’ve updated our roadmap to highlight the launch of our Trust API, testnet, mainnet, and more.
UTU Trust Guardians!
We are thrilled to announce that we've partnered with @hyveworks to increase trust in the global workforce industry!
-Our Trust API will be integrated into the HYVE platform to enable ratings, reviews, and recommendations for HYVE users.
-Our Trust API can also be accessed by developers who build on HYVE to incorporate ratings, reviews, and recommendations into their Dapps. Additionally, DeFi applications integrated with HYVE can use our trust and credit scoring models to better assess creditworthiness.
-Finally, HYVE users can pay for tasks and services using UTU Coin, further increasing the adoption of the UTU protocol.
Read more here:
https://medium.com/utu-trust/utu-and-hyve-partner-to-increase-trust-in-the-global-workforce-industry-8ece95b9ad63
We are thrilled to announce that we've partnered with @hyveworks to increase trust in the global workforce industry!
-Our Trust API will be integrated into the HYVE platform to enable ratings, reviews, and recommendations for HYVE users.
-Our Trust API can also be accessed by developers who build on HYVE to incorporate ratings, reviews, and recommendations into their Dapps. Additionally, DeFi applications integrated with HYVE can use our trust and credit scoring models to better assess creditworthiness.
-Finally, HYVE users can pay for tasks and services using UTU Coin, further increasing the adoption of the UTU protocol.
Read more here:
https://medium.com/utu-trust/utu-and-hyve-partner-to-increase-trust-in-the-global-workforce-industry-8ece95b9ad63
Medium
UTU and HYVE Partner to Increase Trust in the Global Workforce Industry
We will work with HYVE to integrate our Trust API and UTU Coin into their platform.
UTU Trust Guardians!
We'll be hosting members of the Oasis team for an AMA in the UTU Telegram Discussion Group @ututrust on Wed, Feb 17, 5PM UTC.
Oasis Head of Marketing Andrew Miller @oasismiller20 and Community/BD lead Jon Poole @CoincidenceJon will answer questions about what they're building at Oasis and how they'll work with UTU to launch our trust infra on their privacy-focused network.
Get your questions ready and see you then!
We'll be hosting members of the Oasis team for an AMA in the UTU Telegram Discussion Group @ututrust on Wed, Feb 17, 5PM UTC.
Oasis Head of Marketing Andrew Miller @oasismiller20 and Community/BD lead Jon Poole @CoincidenceJon will answer questions about what they're building at Oasis and how they'll work with UTU to launch our trust infra on their privacy-focused network.
Get your questions ready and see you then!
Did you miss the AMA we hosted with Oasis in the UTU Telegram group?
Not to worry!
Here's the full transcript from the AMA: https://medium.com/utu-trust/transcript-of-the-ama-with-oasis-in-the-utu-telegram-group-a9af9530de70
Enjoy!
Not to worry!
Here's the full transcript from the AMA: https://medium.com/utu-trust/transcript-of-the-ama-with-oasis-in-the-utu-telegram-group-a9af9530de70
Enjoy!
Medium
Transcript of the AMA with Oasis in the UTU Telegram Group
Here’s the transcript from the AMA we hosted with Oasis in the UTU Telegram group on February 17, 2021.
Heads up! Oasis is hosting @utuman and @databu for an AMA to chat about our recent partnership!
Where: https://t.me/oasisprotocolcommunity
When: Tuesday, Feb 23, 9AM PT / 5PM UTC
Get your questions ready and see you there!
Where: https://t.me/oasisprotocolcommunity
When: Tuesday, Feb 23, 9AM PT / 5PM UTC
Get your questions ready and see you there!