Hi ,

Thank you for your interest in Unicoin!

In my updates, I regularly report our progress towards our objective of making Unicoin the ultimate cryptocurrency.

It means competing with Bitcoin, and while most of our investors are supportive of our objective, some people doubt its feasibility.

For example, Jacob Uzuncan, recently wrote to me “I feel like the comparisons you make between Unicoin and Bitcoin are misleading. Bitcoin is in a league of its own, and we are not even close to that level. It’s insulting to think you believe shareholders are buying into this comparison.“

I take concerns of any shareholder seriously and I’d like to respond to Jacob publicly, in case some other subscribers have similar doubts.

Firstly, “comparing” does not mean “equating”. I never suggested that Unicoin has achieved similar scale as Bitcoin. On the contrary, I often stress that we are just preparing Unicoin for public trading.

Secondly, I often reiterate that I keep mentioning Bitcoin as the mood-setter in the crypto business, as it remains the dominant cryptocurrency.

Thirdly, our shareholders have overwhelmingly voted in favor of our strategy, so I don’t think I’m “insulting them” by intending to execute on it.

That said, I recognize that risks are omnipresent, success can never be guaranteed, and most startups fail.

Therefore, I decided to formulate our Mission Statement in a clear and succinct fashion for your to make your own judgement on whether you find it feasible or not. Here it is:

Our objective may sound next to impossible: we work to turn Unicoin into the ultimate cryptocurrency.

The Bitcoin killer.

If we succeed, we may end up owning a sizable slice of the cryptocurrency market which is expected to grow to over 50 trillion dollars.

But is it really possible – to replace Bitcoin as the most valuable cryptocurrency?

The answer may surprise you:
Bitcoin is not even going to put up a fight.

Let me be clear: success can never be guaranteed. Risks are numerous. And we need to act smartly and decisively, in order to achieve our objective.

But Bitcoin is on its way out from its market leader position.

It has already lost more than half of the crypto market to newer coins.

Its downward trend is likely to accelerate as Bitcoin is a floater.

That’s right, Bitcoin is like a boat with no captain, crew, engine, or fuel.

Bitcoin has no staff and no budget. It has no CEO or Board of Directors. Nobody even knows who created Bitcoin.

It’s antiquated, and it’s not agile.

Bitcoin was created 15 years ago, and that’s a very long time in the world of Internet technologies.

Bitcoin already consumes more power than the entire country of Finland. Bitcoin would bake the planet if it were to scale up.

While much more efficient implementations of blockchain technology exist, the cumbersome consensus protocol of decision-making makes it very hard for Bitcoin to improve.

Bitcoin transactions are cost-prohibitive for it to be a cryptocurrency for routine transactions. Every Bitcoin transaction costs over 8 US dollars.

More importantly, Bitcoin has no chance of becoming a mainstream method of payment as it cannot process more than 7 transactions per second.

To put things into perspective, the VISA network can process 220 thousand transactions per second. THREE MILLION percent more than Bitcoin.

It may come as a shock to many people, but Bitcoin was not even designed to be a high-volume cryptocurrency.

Instead, it was created by an anonymous person to provide anonymity in financial transactions.

To hide money, that is. From spouses, partners, and government authorities.

That objective did not require scalability, cost- or energy efficiency.

Bitcoin remains the leader of the crypto market for two reasons:

Bitcoin was so innovative and controversial that it became
a household name without any advertising budget.
As the first cryptocurrency, it remains the best-known one.
Secondly, the alternative coins have exhibited little ambition
to overtake Bitcoin as the market leader.
Alt-coins normally lack the budget
or structure to create a strong brand.

It provides us with a rare opportunity to win the branding competition “by default.”

We intend to turn Unicoin into the leading crypto brand and we’ve already secured more than two billion dollars in assets and funding to achieve our objective.

We plan to increase our assets portfolio to over three billion dollars before going public.

But we don’t rely solely on winning through a higher “share of voice.” We also plan to leverage the technological and business advantages of Unicoin.

Now that the SEC opened the floodgates of institutional money to flow into the crypto market, investor-friendly, scalable, and efficient cryptocurrency is badly needed.

And that is why Unicoin was created. Unicoin is assets-backed, audited, publicly reporting, and regulations-compliant, quite unlike Bitcoin and other assetless and highly volatile cryptocurrencies of the First Wave.

We deeply respect the heavy lifting done by the mysterious Bitcoin founder. But the market needs a cryptocurrency that can scale and process hundreds of thousands of transactions per second, cost and energy efficiently.

Unicoin will rely on the latest crypto standards – greatly more efficient and scalable than Bitcoin. In other words, Unicoin is what “Satoshi Nakamoto” would create if he were designing Bitcoin now with the objective of achieving the highest efficiency and scalability instead of simply providing anonymity.

Please share with me your opinion about our objectives.

In the meantime, here’s our new Newsweek article on the subject:

Sincerely

Alex Konanykhin
Chairman, Unicoin Inc.
Linkedin.com/in/konanykhin
Konanykhin.com
Unicoin.com

P.S.: My updates focus on our journey towards becoming a publicly-traded company and on our efforts to turn our Unicoin into a major cryptocurrency. These updates are not intended to serve as financial advice or to replace our official reports filed with the SEC. Please note that I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. My past updates can be found at u.site/updates You can watch an episode of our Unicorn Hunters show about Unicoin at u.site/uhuc

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