According to an update on the crypto platform’s help page, Coinbase wallet will no longer support payment network Ripple’s XRP token. The digital asset is not the only cryptocurrency Coinbase has delisted as Bitcoin Cash, Ethereum Classic, and Stellar will also be unavailable. Coinbase Halts Wallet Support for XRP, BCH, ETC, and XLM The delisting will take effect from January next year and Coinbase’s wallet application will drop support for the aforementioned tokens. Coinbase Wallet like MetaMask and similar providers…
A new player in the crypto world is looking to change how data is processed and shared. Ushi, a project audited by SolidProof, has a roadmap that promises big things for the future of data sharing.
So let us look more closely at what Ushi has to offer.
A Quick Overview of Ushi
Ushi (the Japanese term for “bull”) is a new and unique way to look at the crypto market. By analyzing data and looking for patterns, Ushi can provide insights and predictions for any investor.
Ushi plans to use artificial intelligence to train itself, aiming to be one of the most accurate tools on the market. To simplify, Ushi looks at data from social media channels, exchanges, news websites, and more to generate predictions.
The trend of artificial intelligence in the crypto market is rising, and Ushi’s team is aware of it. Let us share more details about Ushi in the subsections below.
Ushi’s Main Fuel: the $USHI Token
Anyone reading Ushi’s whitepaper would conclude that its token, $USHI, represents the actual project’s fuel. But what do we know about this newly created token?
First of all, it has a total fixed supply of 21,000,000,000,000 tokens. Let us focus, for a moment, on the term “fixed.” This quality is vital for a project’s tokenomics because it allows the team to control the price per token. Specifically, a crypto project limiting the total supply of its tokens can help avoid the effects of inflation.
Another aspect you should know is that every transaction comes with a fee to finance several project components. The fees are:
- Tax fee: 2% buy, 4% sell
- Liquidity fee: 2% buy, 4% sell
- Marketing: 4% buy, 8% sell
- Burn: 2% buy, 4% sell
With every trade on Ushi’s decentralized exchange, a percentage of the tokens involved goes out of circulation. And as the supply of $USHI decreases, the price per token should increase in theory.
A Project Audited by SolidProof
SolidProof is a project auditing firm that provides independent, third-party analysis of projects in the blockchain space. This German company has a team of experienced auditors who assess project technical feasibility, business model, and token economics. In addition, SolidProof has a strong focus on security and has worked with some of the biggest names in the industry.
When a project is SolidProof-audited, it has undergone a comprehensive review and analysis by the firm. While this provides greater assurance to investors that the code is safe to interact with, they still must always do their research before making any decision.
The Decision to Lock the Project’s Liquidity
As evident by the project’s DxLock page, Ushi’s team chose to lock away a relevant part of its liquidity. There are many reasons why crypto projects often decide to close their liquidity at launch, such as:
- Preventing whales from manipulating the market: By locking up a large part of the liquidity, whales will be less able to manipulate the token’s price.
- Showing investors that the team is committed to the project: Crypto teams generally use this strategy to signal investors that they are confident in the project’s long-term success.
- Ensuring that the project has enough funds to last for a long time: In this way, the team provides that the project has enough funds to stay for a very long time.
There are many other reasons why a team might choose to lock the liquidity of their project. This choice can generally help stabilize a new token’s price. Moreover, the strategy ensures that the project has sufficient liquidity to last over time. Ultimately, it is up to the team to decide what is best for their project.
Ushi’s Strategy & Roadmap
Any new crypto project typically presents a detailed roadmap outlining its plans. This operation typically aims to gain the trust of potential investors and users.
The roadmap details Ushi’s plans to build community, increase adoption, and launch new products and services.
The first step in Ushi’s roadmap is to prepare a marketing campaign and build a community on social media. The project plans to accomplish this by CoinGecko listing, Etherscan verification, and marketing campaigns on Twitter/Telegram. Furthermore, CoinMarketCap has recently listed the $USHI token on its website.
The project plans to grow the ecosystem by releasing new products and services and partnering with top marketing agencies.
The final goal in the roadmap is to increase token adoption through collaborations with DeFi projects and scaling the ecosystem. Moreover, the team wishes to release new products and services to drive adoption.
The team is currently working on the MVP of their analytics product, which should hit the market soon. This product will help users track their portfolios and see how Ushi performs.
Who Developed Ushi?
Cloud Devs have developed the Ushi project, an Estonian company rapidly growing in the digital world. The team has worked with multiple companies and organizations in the crypto field. Specifically, Cloud Devs help companies create their cryptocurrency, blockchain project, smart contracts, or any other idea in the crypto industry.
Cloud Dev offers multiple services to its clients, such as:
- IT Consulting
- UX/UI Design
- QA & Testing
- Blockchain Development
- Enterprise Software Development
- Mobile App Development
Ushi’s mission is to provide a new set of crypto analytics and investment tools to the market. This strategy aims to make it easy for anyone to get started with digital currencies. In addition, the company wants to help you analyze the market, make informed decisions, and ultimately help grow your portfolio.
While reviewing Ushi’s roadmap, we found that the project has some ambitious goals. For example, the team plans to enlarge its community, release new analytics services, and increase the adoption of the $USHI token.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects or cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More