UCT Token | Innovative New Cryptocurrency
UCT Token is the first ERC20 asset to represent tax-exempt, non-judicial common law digital damages pay-outs.
Indeed, it is the very first token of its kind on any cryptocurrency platform, and as it is created and backed by perfected liens, to the value of the currency ledgered in the liens exchanged for it, it is also the world’s first credit-based cryptocurrency.
UCT Cash, also an ERC20 asset, is UCT’s credit-based stablecoin and is created and backed by UCT promissory notes [Bearer Bonds], rather than liens.
UCT Cash gives UCT communities the power of their own cryptocurrency asset and sets in motion the enthusiastically anticipated UCT Co-operative Trade Network and marketplace.
The project was borne out of years of research into the increasingly tight economic and financial restraints of the current debt-based financial system, as a way forward for ordinary people to build and futureproof their livelihoods and wealth.
In May 2021, UCT Token was created on Dodoex and tests involving airdropping, trading and liquidity pools were conducted.
An initial perfected lien worth £207,075,200 was exchanged into UCT Token, with close to £7 billion more in liens to be converted initially as the project progresses.
UCT Cash, UCT Token’s twin currency, was created on Dodoex, and 207,075,200 of each token was added to paired liquidity pools on Dodoex, setting in motion the 1-1 pegging of these two tokens.
During May and June 2021, UCT community members received airdrops of one or both UCT tokens and successfully tested trading UCT Cash with UCT Token.
Various liquidity pools were created with UCT Token and UCT Cash, pegged to a 1-1 value, as well as with ETH, DAI, BNT and other decentralised assets and stablecoins.
In September 2021, we moved the project to Polygon network, a sidechain of Ethereum, for the numerous benefits Polygon offers, including lower gas fees and faster transaction times.
In 2021 and 2022, crowdpooling campaigns will be launched on Dodoex, aimed at raising matching UCT/UCTC liquidity in WETH, DAI, WMATIC, and other tokens/stablecoins.
Liquidity pools will be carefully managed for maximisation of long-term growth. Investors are invited to partake in this ICO project and beyond, with exciting projected growth opportunities.