Urubit
| URUBit | |
|---|---|
| Ticker symbol | URUB[1] |
| Development | |
| White paper | www |
| Code repository | https://github.com/Urubit/urubit.sol |
| Development status | Active |
| Developer(s) | URUBIT Group |
| Website | www |
| Ledger | |
| Block explorer | BscScan |
| Supply limit | 34,000,000 |
| Valuation | |
| Market cap | $582K (as of 22 March 2022[update])[2] |
Search Urubit on Amazon.
URUBIT Group (URUBIT) is a Web3 ecosystem consisting of a deflationary cryptocurrency ($URUB) and suite of decentralized finance (DeFi) tools and services, founded in April 2021 by two sixteen-year-olds from Uruguay, Santino Veiga, and Facundo Rodríguez.[3]
According to Urubit’s smart contract[4] and its whitepaper[5] , the token tokenomics include passive rewards in $URUB distributed automatically and proportionately to current holders each time a transaction occurs and an automatic deflationary system which burns tokens, meaning they disappear, each time a transaction is made. The URUBit token can also be used to make purchases from participating merchants. Additional features and products are currently under development.
History
URUBit, dubbed the “Uruguayan Bitcoin”, was created in Punta del Este, Uruguay by a game-developer and founder of CodahGames, Santino Veiga and an entrepreneur, Facundo Rodríguez[6][7]. Urubit is supported by national funding[8] and InBierto[9], a member of the Uruguayan Chamber of Fintech (Cámara Uruguaya de Fintech). Today, Urubit’s tools and services include U-Wallet, a crypto-enabled wallet for Android devices (currently under development for iOS), U-Teller, a standalone physical crypto automated teller machine (ATM) that supports the withdrawal and deposit of Bitcoin, Binance Coin, Binance USD, Ferret Token and URUBit[10], and U-Lottery, a daily lottery game to win $URUB.
The initial coin offering of the $URUB token occurred on DxSale on 23 May 2021 at a price of $0.000149 USD per token. The token was released on 27 May 2021 on the Binance Smart Chain via PancakeSwap, a decentralized exchange (DEX). URUBIT ($URUB) is currently traded on the following exchanges: PancakeSwap, MiCrypto, and HeavenEx.
In November and December 2021, Urubit Group announced the additions of Tomás Gonzalez, as Chief Legal Officer, Renzo Battaglia as Chief Growth Officer, and Giuliano Bardecio as Chief Information Officer.
In the media
URUBIT maintains a YouTube channel that features updates and educational material[11], and it is also active on Telegram, Discord, and Twitter.
News about URUBIT and its founders have been well-documented by several media outlets. The articles have chronicled the project and founders’ story and situated Urubit within the broader context of fiscal history and policy in Latin America. The first story appeared in Montevideo Portal[3] on 3 July 2021 about URUBIT Group’s young founding team[3], followed by a story in Clarín that covered the unveiling and launch of the U-Teller in Punta del Este[12]. Urubit was featured in Yahoo! Finance[13], and BeinCrypto[14] on December 9, 2021, confirming the location and launch of U-Teller in “Smart Point”, in Gorlero Street near Urubit and InBierto offices. On January 5, 2022, Forbes profiled Ferret, a crypto project developed by Urubit partners InBierto, referencing the launch of Urubit’s U-Teller, and discussed the state of digital asset policy and the rate of cryptocurrency adoption across Uruguay[15]. An article in El Pais[16], Infobae[17], Cointelegraph[18] and Investing.com on 10 January 2022 confirmed that U-Teller is “100% manufactured in Uruguay” and reported additional details on the parties behind its joint development.
References
- ↑ "Token URUBit". Retrieved 22 March 2022.
- ↑ "Bogged Finance".
- ↑ 3.0 3.1 3.2 "Dos adolescentes de Maldonado se embarcan en la creación de su criptomoneda, Urubit". Montevideo Portal (in español). Retrieved 2022-03-22.
- ↑ BscScan.com. "Contract Address 0xf8759DE7F2C8d3F32Fd8f8e4c0C02D436a05DdEb | BscScan". Binance (BNB) Blockchain Explorer. Retrieved 2022-03-22.
- ↑ "Whitepaper". Urubit. Retrieved 2022-03-22.
- ↑ "Tres adolescentes lanzaron una criptomoneda en mayo que ya vale el doble que un peso uruguayo (Urubit trae el primer cajero de criptomonedas múltiples a la región)". infonegocios.biz. Retrieved 2022-03-23.
- ↑ "Adolescentes crearon una criptomoneda uruguaya". Telenoche (in español). Retrieved 2022-03-23.
- ↑ "Uruguay inaugura su primer cajero de Bitcoin: "El país tiene potencial de convertirse en un haul tecnológico cripto"". www.ambito.com. Retrieved 2022-03-22.
- ↑ "inBierto Criptodivisas - Universalizando el acceso a cripto". inbierto.com. Retrieved 2022-03-22.
- ↑ "Inicio | Red de cajeros crypto U-Teller". UTM (in español). Retrieved 2022-03-23.
- ↑ "URUBIT - YouTube". www.youtube.com. Retrieved 2022-03-23.
- ↑ Clarín.com (2021-12-08). "Punta del Este tendrá el primer cajero para criptomonedas de Uruguay". Clarín (in español). Retrieved 2022-03-23.
- ↑ "Urubit e Inbierto instalan el primer cajero de criptomonedas en Uruguay". es.finance.yahoo.com (in español). Retrieved 2022-03-23.
- ↑ "Urubit e Inbierto instalan el primer cajero de criptomonedas en Uruguay". BeInCrypto (in español). 2021-12-09. Retrieved 2022-03-23.
- ↑ Staff, Forbes (2022-01-05). "Ferret Token, la cripto uruguaya crece y busca expandirse en Latinoamérica". Forbes México (in español). Retrieved 2022-03-23.
- ↑ ElPais. "Mañana se inaugura el primer cajero de criptomonedas en Uruguay: ¿dónde estará y qué divisas operará?". Diario EL PAIS Uruguay (in spanish). Retrieved 2022-03-23.CS1 maint: Unrecognized language (link)
- ↑ de 2022, 8 de Enero. "Se realizaron más de 1.000 transacciones en el estreno del primer cajero para criptomonedas en Uruguay". infobae (in español). Retrieved 2022-03-23.
- ↑ "Uruguay ya tiene su cajero de criptomonedas para transar Bitcoin, BNB, y BUSD". Cointelegraph (in español). Retrieved 2022-03-23.
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