UniversalCoin is a wealth creation experiment. We want to know if it is possible to generate wealth at scale through a free and fair digital currency distribution.
Cryptocurrency presents an opportunity to reduce economic inequality and improve quality of life for people around the world. What do today's cryptocurrencies do to actually help the financially disadvantaged? We saw an opportunity to create a fairer system that could have a net-positive effect on people's lives around the world.
UniversalCoin is a digital currency with a difference - everyone has a chance to participate and get their fair share. Unlike most currency systems it costs absolutely nothing to participate, all you need is an internet connection.
How does it work?UniversalCoin tokens will be distributed to the public free of charge 40 times starting January 15 2018. On Mondays there will be 2 separate claim windows at 00:00-01:00 UTC and 12:00-13:00 UTC. Use our official app to claim:
Android app
https://play.google.com/store/apps/details?id=com.universalcoin.appiOS app
https://itunes.apple.com/us/app/universalcoin/id1435974024?ls=1&mt=8The distribution amount will increase every week, and every week each participant will get the same amount. You can participate in as many weekly distributions as you like. There is no catch - this is wealth creation with the power of community.
So, how are we creating wealth?As UNV is distributed, the market will determine it's value based on supply and demand. UNV holders can then, if they choose to, sell their UniversalCoin on an exchange. UNV can also be transferred directly between parties in exchange for goods and services. The wealth is theoretically generated by the network effects from the number of participants, and each participants trust in the fairness of the distribution method.
UniversalCoin detailsUniversalCoin (UNV) is a fixed supply ERC223 token. The supply is capped at 40 billion and UNV cannot be mined. It can be stored and sent using any ERC20 or ERC223 compliant wallet that can connect to Ethereum Classic. We recommend MEW or Trust Wallet.
- Token name: UniversalCoin
- Chain: Ethereum Classic
- Token address: 0x6ADa6F48C815689502C43eC1a59F1b5DD3C04E1F
- Token symbol: UNV
- Decimals: 18
- Token standard: ERC223
- Total supply: 40,000,000,000 UNV
- To be distributed in free weekly distributions: 32,000,000,000 UNV
- Discretionary fund: 5,600,000,000 UNV
- To be distributed in Airdrops: 2,400,000,000 UNV
Discretionary fund tokens are sold to fund the ongoing campaign for increased awareness and adoption of UniversalCoin and to fund operating expenses for the project team. Less than 1% will be held by the founders within 2 years of the close of the distributions.