Bit-coin - and other decentralized Crypto-currencies - allows people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank. Banks generally charge fees for doing anything with money, even just holding on to it. That's because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly.

You say

UltraNote is a decentralized privacy protected blockchain platform With instant untraceable encrypted messages, Secure CPU efficient ASIC resistant mining.
With UltraNote anyone, anywhere at any time, you can execute instant borderless fund transfer, send instant messages and deposit coins for interest...

If messages of the transactions are untraceable, then in my opinion this may create the possibility and indeed the tendency of fraud which is against the total idea and principle of the block-chain technology. Maybe I haven't appreciated the concept of this "UltraNote" your talking about, however there should be clarity on its idea of confidentiality associated with the element of 'Untraceable communication and financial solution..."