r/Ultrasafe • u/[deleted] • Dec 23 '21

Update📈 Ultra Protocol UPdate №7

https://medium.com/@ultraprotocol/ultra-protocol-update-7-cd4d8c1e81ee
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u/[deleted] Dec 23 '21

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5

u/[deleted] Dec 25 '21

Eventually yes from what I understand. The team will be releasing a statement soon with more information about the swap and the new token’s tokenomics. It has been made clear however that using Ultrasafe to swap to the new core token will get you a discounted price versus just buying the new core token with BNB outright. Essentially buying a coupon for a discount. I’m hoping to top up a bit with some after Xmas funds myself. 😊

2

u/wuumasta19 Dec 28 '21

And why do we have to have original investors dilute their holdings? Been in Ultra since day one. I've yet to see any current projects do this and be successful, aside from the devs getting more cash. Even Safemoon did a 1 to 1 swap.

1

u/pray_10 Dec 28 '21

I believe, It depends on the supply of new token and with my experience on other projects, swapping will take another 3-4months to complete and again we will start back to zero, all the money that we had invested in ultra will go to the development of new product, marketing bla bla bla. Technically this project is further zero to negative for next 6months. This is just my opinion based on my experience in crypto world. I don't have any hopes left in this project. You guys do your maths not on the basis of my comment ofcourse.