Dear Friends and fellow UR Pioneers:
My name is Eiland Glover, and I am the co-founder of UR along with my long-time friend, software engineer John Reitano.
We would like to welcome you to the UR community, a community of people around the globe seeking to improve their lives and the lives of others by taking advantage of fundamental changes in the technology of money.
We believe that all humans are valuable and that every person on earth deserves equal access to the global economy. We understand the true source of the world’s wealth is you and others like you. Through your work, desire for growth, and economic activity, you create the riches of the world.
Over the last several months, John and I–along with a team of engineers, designers, and technologists from four continents–have created UR, a cryptocurrency built to empower every human on earth.
UR is a cryptocurrency based on the true source of the world’s wealth: you. Since UR is based on you, it cannot be created until you decide to join the UR community. More UR is created when other humans like you make the decision to be a part of our movement. When they do, they bring their economic impact into the UR economy, giving UR its value as a currency. As the source of UR’s value, we believe its users deserve to own the UR. That is why 90% of all UR ever created will be distributed to you and the other UR community members around the globe, with the remaining 10% used to pay for the development, operation, maintenance, and security of the UR network.
For UR to realize its mission to “enrich the world”, we need for you, the UR pioneers, to become very wealthy.
Three fundamental things must happen for this to come to pass.
First, you must download the UR Money mobile app, verify your identity when possible in your country, and collect your free 2,000 UR (your 2,000 UR will be pending until you are able to verify your identity).
Next, you refer others to the UR community. As these people verify their identities and refer others, you will earn referral bonuses in UR in relation to the spread of UR that you begin.
Finally, you and others must value and use UR for transactions try these out. In the beginning, you will be able to use UR to purchase goods and services from other UR community members. Growth in the UR community will lead to other ways to spend your UR: for example, shopping for food at a local market.
Here are your next steps. Soon, you will be able to download the UR Money mobile app from the Google Play store. We ask that you give the UR Money app a high rating in the Google Play store at that time. Next, you will set up your brain wallet. This is a passphrase that only you know and that lets you and only you control your money.
IMPORTANT!!! For your protection against hacking and digital theft of your UR, UR Technology does not store your brain wallet passphrase. If you lose or forget your passphrase, we cannot retrieve it for you. Loss of your passphrase will therefore result in loss of your ability to control or spend your UR forever. It is your responsibility to write down your passphrase, store it in a safe place, and commit it to memory. Please be vigilant in protecting your passphrase from loss or theft.
Once you set up your wallet, you will see your 2,000 UR signup bonus in a “pending” state. You cannot use it yet. To unlock it, you must first verify your identity. Depending on your country, you may have to wait to go through the identity verification process. Don’t worry, you can still accumulate large amounts of UR by referring others immediately. So be sure to begin inviting others right away to maximize your UR wealth.
Once you verify your identity and get access to your UR, think about how it can best serve your life before rushing to use it or sell it. At the time of this writing, 2,000 UR is worth only US $25.53 and its value is fluctuating constantly.
Though the value of UR is determined by the global marketplace and not by the UR team, we want you to know that the UR money supply algorithm is based on global economic data and is designed to ultimately achieve a value around 100 times as large as its current value–around US $2,000.00–and then stabilize at an annual inflation rate of around 1.9%. In the growth phase of the UR economy, we expect UR’s value to fluctuate dramatically.
Again, we do not determine the price of UR; we have no control over its value. Only you can and should decide when and how to hold, use, or sell your UR. We just want you to think through the design of UR carefully and make the informed decisions that will bring the most value to you and your family. We do not want you to have regrets if you sell your UR at what later proves to be a low price.
Finally, we ask that you help us protect the integrity, stability, and usefulness of UR for the entire UR community. UR is created to allow you to help yourself by helping others, and we need your support, your suggestions, your patience, and you vigilance to realize the full potential of UR in the world.
Thank you for considering the above information very carefully. We are so pleased to join with you in this movement, and hope to help you bring blessings into your life and the lives of your family and others around the globe.
In peace, prosperity, and friendship,
UR Technology Inc.
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