Unobtanium (UNO) is an exceptionally rare cryptocurrency. There are only 250,000 coins in existence and it will take more than 30 years to mine them all.
Gold was one of the most expensive resources known to man for a significant period of time. Its value, backed by its rarity has made it into a founding block of the global economy.
Then came the Internet – a revolutionary invention that has changed the way we learn, work, and communicate with one another.
The Internet paved the way to the blockchain, yet another revolutionary technology that is destined to reshape the ways we own and share assets. The blockchain economy had its own gold – Bitcoin.
Why Bitcoin? Because it is a rare and limited resource. It is a limited currency that has nowhere to go but up over the course of time as humanity will inevitably drain the supply dry.
But what if there was yet another resource that’s much rarer than even Bitcoin? Enter Unobtanium, the (self-proclaimed) “platinum” of the blockchain.
The fact that there is a limited supply of Unobtanium is a definite plus of the currency, but it is not the definitive one. What’s even better about it is the fairness of distribution.
Unobtanium is an SHA 256 PoW currency that started its mining days with a reward of .001 per cracked block. Ever since block 2001, the reward has risen to 1 kg per block but it was designed to half after every 100,000 blocks. The current reward is .01 per block.
That said, only 190,000 UNO are distributed from the get-go. The remaining 60,000 are kept for ongoing support of miners.
Very little can be said about the team behind UNO as most of them wish to remain anonymous. All we know about the founder is that his nickname is Blazar2, the developer goes by Learminer, and their community manager has a name that resonates with the poetry of the 19th century – FallingKnife.
That said, we know a lot about the project’s lead developer – Bryce Weiner. He is a man who has made a name for himself in the industry by either coaching others, speaking at countless events, or helping out with high profile projects like the Tao Network.
It may seem bizarre that blockchain’s “platinum” UNO is worth less than the “golden” Bitcoin but perhaps this is a temporary happening? The charts do show an impressive history of growth and value retention for UNO.
Unobtanium (UNO) is an exceptionally rare cryptocurrency. There are only 250,000 coins in existence and it will take more than 30 years to mine them all.
