Dear users and fans of Cuprum Coin,
I will write this article personally because I believe that I am responsible for the current situation, which certainly does not inspire any confidence for the future. I will try to explain to you why I think it is my fault because CUC is currently at 3% of its value and why some of you want to sell it even at that price of 5 USDT.
The other day, I stated in PR how there are users who want to sell CUC even at that price, because if they go back to the BTC or ETH which they exchanged for CUC in October/November 2021, they will have 50% more when considering their decline. That is still clear to me, I completely understand.
What I couldn’t understand was, why sell something worth $200 for $5? Why does anyone see a higher perspective of price growth in BTC or ETH, if they want to go back there, than CUC, which would outperform their ATH by growing in price to only 10 percent of its value!? I couldn’t understand that at all, until this morning at 5 o’clock when I woke up, realized where I must have gone wrong, and now I’m trying to connect all the dots.
You can probably guess that this is a project where the founder and owner have to be literally around 24/7. That’s what I’ve been doing since the very beginning, from the idea that started in February last year. A lot of things have changed since the very beginning, and many of you can’t even imagine the amount of work that went into the creation of the Cuprum Coin. A huge responsibility, sacrifice, and investment. However, it is my path that I have chosen and I want to end it successfully for me, for my business partner Andreas Kirchgassner, for my team, but also for all of you who believed in my project, in our Cuprum Coin, and for all future investors.
I must say that I am a person who wants to learn much more from criticism than from praise. Therefore, I review support emails and various comments almost on daily basis. Of course, concrete and constructive negative comments or criticism always interest me the most and I try to study them and extract something useful from them. Among other things, I discuss a lot with exchanges, market makers, and my team member Darko Parun, who has been here with me since the beginning. So, for days, since we hit the market, I’ve been trying to find a potential problem, and finally, I’m sure I’ve found it.
So where is the mistake?
In an effort to avoid being classified as a security coin, I have not directly connected the underlying asset to CUC. In my defense, there were a lot of laws in conflict with each other in that case, so I was very confused about how to do it right and not fall into that category. So I chose the easiest way. I will put the asset as a guarantee of value, like as security of value, not as a direct link to CUC. But even in that case, the word security had to be avoided.
I have been a fundamental analyst and stock trader for years and I have a lot of experience in that field, but when it comes to the crypto world, I have to say that there are some things the same, and many things are not. Therefore, over time, I came to some knowledge that I tried to implement in my project. In the end, when I look at everything, I didn’t put it together well and I admit my mistake.
Regardless of the fact that the project is as it is from the very beginning, I did not change anything regarding that side, because it was like this before the pre-sale. Although the creation of the ultrafine copper powder market was conceived through CUC from the beginning of the idea, I thought of implementing it a little later. But I think users are losing trust because of this and so I’m ready to do it now.
So, as soon as possible, I will change the concept and directly connect users and owners of CUC with the underlying asset, but with the current classification of utility coins. In this way, CUC will become a real commodity coin, and the creation of the ultrafine copper powder market through blockchain technology will gain full meaning.
Furthermore, given the specificity of the contract between me and the partner, the owner of the asset, who assigned the management of all CUCs to me and my company, as well as the team itself, and due to the security of the market, it was very difficult for us to determine the so-called circulating supply, based on current tokenomics, which in our project is called coin net distribution.
According to this, it turns out that our current Market Cap. is only 1.5 million USD, which does not make any sense. I also spent days and nights trying to see the mistake, because the same at the current CUC price of 5.40 USDT should be more than 1.2 Billion USD.
I came to the conclusion that I have to change some things in that part as well, but only of a cosmetic nature, in order to achieve full market capitalization, which is very important.
Therefore, all of the above will be changed and implemented in the next 10 to 15 days and presented on the website and in the whitepaper.
I am a man who always admits his mistakes, who learns from them, and tries to correct them. I believe this correction will set CUC on the right path going forward. So, regardless of the fact that we are a unique coin in terms of our specifications, we must also be a real commodity coin, which will have a real value. This means that we will determine the real value, and the price will of course be determined by the market. However, after the change, it should certainly be bigger than it is now. But regardless of all these improvements that will mean a lot to Cuprum Coin, I wouldn’t suggest you sell CUC now or keep it. That decision is still up to you personally.
Founder and CEO
CUPRUM COIN, The Cryptocurrency of the Future