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About UroCoin
UroCoin (URO) is an X11 PoW based alternative crypto currency. Uro's focus is to try and provide a means for efficient international trade of Urea - they wish to provide a backing to the coins market capitalisation by holding Urea itself. The coin has a block time of 3 minutes and retargets using the safe gravity well. There was no premine and the recommended transaction fee is 0.1%. The total coin supply will be 1 million URO in the first six months and then 10% growth per annum to coincide with the projected growth rate of the global Urea market - as such the block reward will drop from 12 URO after the first six months to 1 URO per block in perpetuity.
Although 'URO' was the ticker assigned at the deployment of the UroCoin Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'UROCOIN' has been adopted for this token. This designation ensures that assets are distinctly identified.
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