The Rare Digital Asset You Need to Know About

The Rare Digital Asset

Unobtanium (UNO) is one of the oldest cryptocurrencies on the market. It was launched back in 2013 on its blockchain. This cryptocurrency, self-dubbed the Original Rare Cryptocurrency, is a transparent currency with a SHA-256 Proof of Work algorithm and fair distribution. The maximum supply of UNO is just 250,000 coins, which is far less than the likes of BTC at 21 million or ETH at over 120 million, making this truly a rare digital currency.

From an investor's point of view, UNO is quite a scarce gem with tremendous potential. Its longevity in the market, fair distribution and unique mining algorithm put it in a class of its own and make it a worthy addition to any investor's crypto portfolio.

Unobtanium Ecosystem and Growth Potential

The philosophy behind UNO emphasizes durability and fairness, offering a new approach to the crypto space by prioritizing a finite supply over huge expansion. This way, it is designed to be resilient to inflationary pressures and maintain a stable presence in the market. We do have to note that it is a niche and to many, an obscure cryptocurrency, but UNO has stood the test of time and continues to pioneer in its own space.

And there were no tricks involved at the launch or during UNOs lifetime. It was not pre-mined; the first 1,000 blocks were mined at a low reward to give users enough time to configure their equipment, and UNO is not subject to Proof of Stake inflation. All the UNO blocks today have been created through mining.

Mining and Block Rewards

The SHA-256 PoW algorithm allows miners to merge mine UNO with Bitcoin. You can mine both simultaneously without any extra configurations, computational power or effort. It takes approximately 3 minutes to mine 0.01 UNO per block. However, it is a relatively high-difficulty mining level, so that you will need specialized equipment and to use high levels of electricity. The network allows users to mine using CPU and GPU devices, and it is resistant to various types of cyber attacks, something that is a common vulnerability in other digital mining currencies.

Miners can join various mining pools that support merge-mining UNO with BTC. These include the likes of Mining-Dutch.NL, Medley Technologies, Prohashing.com and CoinStop.me, among others. These pools enhance the security and stability of the UNO network while providing an efficient source for miners to engage in mining UNO.

How to Buy Unobtanium

Living up to its reputation as a Rare Cryptocurrency, Unobtanium is not easy to source, and it is only available for purchase via BTC or ETH. You cannot buy UNO through direct fiat purchases, and not many cryptocurrency exchanges support UNO. The most popular exchange to buy UNO is LATOKEN, and other options include Freiexchange, Komodo Wallet, and XeggeX.

After you buy UNO, you are requested to withdraw your balance and hold it in Unobtanium Vaults, or wallets. One of the most used options among UNO holders for holding their funds safe is the GitHub Unobtanium Vault, which the UNO Community governs. But you can also download QT Wallets, UNO Electrum Wallets and lots of other Wallet Holders for iOS, Android, Linux and other operating systems.

Is Unobtanium Worth Investing In

Though UNO is a durable project that has finite supply and scarcity appeal, it is still not completely immune to market swings. The price fluctuations in the greater market do impact UNO. It has a lower trading volume, which affects the liquidity, ultimately affecting the price and value of the coins.

Conclusion

While the project has a strong community with years of hard work behind it, it is still a very niche project. Without mass adoption or large-scale development, the value may not significantly go up in the short term. Investing in niche projects does carry risks, and UNO is no exception. Thus, if you are thinking of adding some UNO to your investment portfolio, you must consider the risks and do your research before taking any action.

The long-term prospect of this scarce project is very attractive. It is free, has a dedicated following, and can become an extremely worth-it coin down the line, but you need to keep your investments in mind and consider what you want for yourself before going all in with UNO.