We are pleased to share an important update regarding the conversion of CTLX to UAS. As part of our strategic transition, the maximum supply of UAS has been reduced from 10 trillion to 18 billion. This change has significant benefits for the value of UAS.
New Conversion Ratio
Under the previous supply model, 500 CTLX converted to 10,000 UAS, resulting in a conversion value of 20 UAS per CTLX. With the new cap of 18 billion UAS, the value of 500 CTLX has adjusted to approximately 1,636.36 UAS, translating to a new value of about 3.27 UAS per CTLX.
Why This Change is Beneficial
This strategic reduction in supply creates a more focused and stable currency, enhancing the perceived value of each token. A lower supply fosters scarcity, which can lead to a stronger market position and increased demand. By ensuring that your investment in CTLX translates to a more significant stake in a limited asset, we are building a healthier economic ecosystem.
The shift to a lower supply not only secures the future value of UAS but also aligns with global best practices in digital currencies. This is an opportunity for existing investors to benefit from a robust and more valuable asset in the long term.
Thank you for your continued support as we work together to create a prosperous future for our community and the broader African economy.
This structure is awesome. It shows that UAS team actually means well for Africans. It is indeed a very robust structure.