@Rich_Rich240@usoamic Scam suggests that we made some profit on it… but it wasn't.
During this time, we have been developing.
We don’t plan to go to exchanges, but the community can do this.
I am leaving the crypto.
If I had known what all this would result in, I would not have started this project.
Services are disabled, remaining coins are burned. Current supply 3.16M.
We have increased the exchange price to 0.0000012 ETH per coin. As before, you can exchange your USO for ETH via a smart contract.
Thank you for being with us all this time and sorry for any inconvenience.
We remind you that IslaCoin Wallet, UCoin Wallet, IslaCoin Exchanger and Usoamic Swap Platform are closing on May 1, 2022.
Usoamic coins remaining in the account by this time will be burned. Please withdraw your coins ASAP.
@RedaAya4@usoamic The price is set based on the "collateral" on the smart contract (~4.42 ETH currently). The exchange goes through a contract. The business logic can be seen in the source code.
IslaCoin Wallet, UCoin Wallet, IslaCoin Exchanger and Usoamic Swap Platform will be closed on May 1, 2022. After this date, you won't be able to use the funds in your account; Usoamic coins remaining in the account by this time will be burned. Please withdraw your coins ASAP.
We have updated IslaCoin Wallet, UCoin Wallet and IslaCoin Exchanger: now you can apply for a withdrawal of funds with automatic exchange in ETH right in the wallet.
This is one of the last releases from us for Usoamic (the rest will be released in Jan-Feb).
The source code of our dev is open, so any of you can continue developing.
In Jan, we will announce the end of support for Usoamic, as well as the closing dates for centralized wallets.
If you have any problems with the exchange or withdrawal of funds, please immediately write to [email protected], or to the thread on BitcoinTalk, we will try to answer you within 2-3 days.
2. We have updated web wallet to version v1.2.0. Now you can exchange your USO for ETH through your wallet (the rate is fixed - 0.0000007 ETH for 1 USO). You can also do this directly through the contract.
Nevertheless, BTC for paying for listing (and not only) are waiting in the wings on our cold wallet, so now it's only a matter of time.
Releases (and stock exchange) should be expected by the end of summer or early fall.