Universa Wallet - UTN

Description

What is the circulating supply?

The total amount of tokens sold during the Token Sale is 3,298,608,688. This equals the circulating supply and makes up 66% of the total supply.

What is the total supply?

The total token supply is the total number of tokens sold (66%) plus the tokens for the Universa Foundation (20%), the tokens for the Universa team (10%) and the tokens for advisors, partnerships and the bounty program (4%). An exact division is given below:
- Tokens for the public 3,298,608,688 (66%)
- Tokens for the Universa Foundation 999,578,390 (20%)
- Tokens for the Universa team 499,789,195 (10%)
- Tokens for advisors/partnerships/bounty 199,915,678 (4%)

This tells us that the total supply will be 4,997,891,952 (100%)

What will happen to unsold tokens?

Any tokens that have not been sold during the Token Sale will not be created and therefore simply will not exist. The maximum total amount of tokens was set at 15 billion if the harcap during the Token Sale would have been reached. As described above the total amount of tokens will be 4,997,891,952. Therefore, 10,002,108,048 tokens will not be created.

When will the Universa tokens be “released”?

There will be UTN-P tokens and UTN tokens. The UTN-P tokes are “placeholder” tokens (hence, the –P) until the actual UTN tokens are released, and the UTN-P tokens will be ERC20 compatible. The UTN-P tokens will be eligible for withdrawal by the end of December 2017 or early 2018. You’ll be able to provide a personal wallet address to withdraw your UTN-P tokens to at your account on https://check.universa.io. Please be aware that this has to be an ERC20 compatible wallet.
The Universa UTN tokens will be released early 2018 once the main net is operational. When the Universa Mainnet is operational you’ll be able to exchange your UTN-P tokens for UTN tokens on a 1:1 basis. These UTN tokens can be held in the Universa wallet that is under development at the moment. Before all of this will take place, there will be an explanation or a step-by-step guide on how to do all of this

What is UTN-P?

UTN-P Tokens (the ERC20 token) are the tokens which you have purchased during the Token Sale. UTN-P which is a valid token to use on the Universa network is a temporary token which is eligible for transfer immediately after release.

What is UTN?

UTN is the actual Universa token. Once the Universa Mainnet is operational you’ll be able to exchange your UTN-P tokens for UTN tokens on a 1:1 basis. These UTN tokens can be held in the Universa wallet that is under development at the moment.