As the WRKChain is designed to be predictable, functional and scalable
for enterprise and consumer usage, it is important that an ecosystem be fostered where actual users of the network can budget for use of network resources and not have this budget affected by daily price speculation on the UND token.
To achieve this goal, we have developed UND from the ground up as a Utility token in the original meaning of the word. There has been no “ICO” (please note that there is incorrect/outdated information online stating that we did have an ICO - please refer to this website and the whitepaper for canon) there has been no public or private sale of tokens. All of the funding for development has been from private sources.
Users of the network are able to acquire UND by purchasing it for a fixed price through a SmartContract interface via a liquid currency. UND purchased from the foundation will be locked to the purchasers wallet and can only be used to pay tax for usage of network resources.
Validators on the network who receive the UND will have it fully unlocked and able to sell/trade it according to current free market rates.
This model ensures that users of the network can have a predictable pricing model, while allowing validators and holders of UND to be able to trade it at free market rates.