Unobtanium Is A Cryptocurrency Experiment That Projects Itself to be The Digital Equivalent of Gold
In Science Fiction, Unobtanium, as the name suggests, is a scarce and highly valuable mineral which can solve energy crises. Director James Cameron introduced the concept in his 2010 epic Avatar where Humanity finds a massive mine of Unobtanium on the planet Pandora and tries to colonize it. The developer team behind the cryptocurrency Unobtanium (UNO), based on a proof-of-work algorithm and focused on a fair and stable distribution system called it so because it is designed to be the rarest digital asset in the world with a total supply of a mere 250 thousand coins.
Developers say that UNO is “Colder and rarer than CGB, Shinier and fairer than BitBar, more collective than Franko.” The website asserts that “Unobtanium is a rare store of wealth commodity, something to acquire and hold over a long period of time, similar to precious metals.”
As on February 2019, the coin is priced at USD 99.94 with a total market cap of USD 19,989,220. It ranks 139 in the global cryptocurrency market. One can store the cryptocurrency in Unobtanium Vaults (or Wallets). Unobtanium can be traded at Cryptsy, MintPal, Allcrypt, Coins-e, Comkort, Coinbroker.io.
Uno is characterized by three features – fairness, community, and limited supply. It uses a SHA256 Proof of Work algorithm ensuring fair circulation. It also had a fair launch and distribution. Uno was not pre-mined, there will be no POS to erode holdings or cause inflation, and there was no stealth or ninja launch of Uno. Unobtanium can also be merged mined with Bitcoin, resulting in a secure high-difficulty blockchain that is three times faster than Bitcoin.
Developers believe that even years after its launch, Unobtanium will remain a highly collectible cryptotoken that has held its value. Though Unobtanium is vulnerable to short term price fluctuations, it has an unparalleled history of growth and value retention in the long term.
“I believe Uno solves the “unlimited coins” and inflation problem that we are seeing. Coins that produce coins on top of coins inflict huge inflation on the holders. Uno is a fixed, limited quantity issue coin with no inflation, and supply that will dwindle,” says FallingKnife, the self-proclaimed ‘community manager and cheerleader’ for Unobtanium. Due to its fair launch, limited availability, and zero inflation, Uno is considered an excellent option to function as a store of value, similar to rare gold coins or limited issue rare stamps.
The community manager describes Uno as a really cool experiment. “There’s nothing quite like it,” he says.
