Unauthorized $UBQT Listing on Alcor Exchange
Introduction
As the blockchain industry continues to evolve, transparency and trust are paramount. Unfortunately, we at UBITQUITY, LLC find ourselves in a challenging situation that undermines these very principles. We feel it’s crucial to inform our community and the broader public about an unauthorized and erroneous listing of our $UBQT Utility Token on Alcor Exchange.
The Unauthorized Listing
Recently, it came to our attention that the $UBQT Utility Token was listed on Alcor Exchange without our knowledge or approval. This listing is not only unauthorized but also inaccurately reflects the token’s value, leading to confusion among our supporters and potential buyers.
To be clear, UBITQUITY, LLC has not authorized the trading of $UBQT on any exchange at this time. The current pricing and listing on Alcor are not in line with our tokenomics or the carefully planned launch strategy outlined in our whitepaper.
Actions Taken
Upon discovering the erroneous listing, we acted swiftly. We immediately reached out to Alcor Exchange, alerting them to the unauthorized nature of the listing. Additionally, we sent a formal legal demand, insisting on the immediate removal of $UBQT from their platform.
We emphasized the urgency and seriousness of the situation, given the potential harm it could cause to our reputation and the confusion it could sow within our community. Unfortunately, at the time of writing, Alcor Exchange has not responded to our communications or acknowledged our demands in any way.
The Impact of Alcor’s Inaction
The lack of response from Alcor is not only disappointing but also disheartening. As a company that prides itself on ethical practices and transparent communication, we expect the same from others in the industry. The silence from Alcor raises concerns about their commitment to these principles.
For now, we urge all of our supporters, token holders, and potential buyers to disregard the current $UBQT listing on Alcor. The prices displayed are not accurate, and trading on this platform is not authorized by UBITQUITY, LLC.
What’s Next for $UBQT?
We remain committed to launching $UBQT in a manner that aligns with our vision and the best interests of our community. Our team is diligently working to finalize key components, including NFTitleDAO and its liquidity pool, to ensure a smooth and successful launch.
We anticipate that $UBQT will be officially listed before the end of Q3, with an initial price of $0.11 per $UBQT, as detailed in our whitepaper. This will be the only legitimate listing, and we will ensure that it is done with full transparency and authorization.
Conclusion
We understand that this situation may be concerning, but rest assured that we are taking all necessary steps to protect the integrity of $UBQT. We will continue to keep you informed as developments unfold and appreciate your patience and support during this time.
Thank you for being part of the UBITQUITY community. We remain committed to building a transparent, innovative, and trustworthy blockchain ecosystem.
Stay Connected
For the latest updates on $UBQT, please follow us on X.
Sincerely,
Nathan Wosnack
Founder & CEO, UBITQUITY, LLC
