It is with deepest regret that we announce the closure of the UniversalCoin distribution, and the UniversalCoin project as a whole. Due to increasingly sophisticated attacks on our claim process, we do not have the resources to keep the distribution running fairly.

We are extremely sorry that we aren’t able to complete the distribution. We saw an incredible community come together around UniversalCoin and it hurts to let you down.

The apps will be removed from the store, and remaining funds from the fundraiser will be returned to contributors.

Thank you for your support.

-Adam

UNV for Distribution #10 has been sent!

We really appreciate your support. Huge thanks for taking part and we look forward to seeing you next week.


Distribution 10

Total UNV: 390,243,902

Total claims: 61,967

Total unique users: 1,940

UNVs per claim: 6297 (rounded down from 6297.61)



Thanks everyone!

Unfortunately we've had to push the distribution back again. The next claim window will now be May 13!

Thanks for your patience, we're excited to bring you a better UniversalCoin experience with these latest updates.

UNV for distribution #9 has been sent! 351M was equally distributed 30,044 claims.

Huge thanks to everyone who took part! Next distribution is April 8.

Some stats for this distribution: https://imgur.com/a/F6CQssh https://imgur.com/a/3Pg58Ex

We had a long period of development getting our apps ready, and we neglected this channel when sharing news somewhat. Apologies for that!

We're alive! We just distributed the UNV for distribution #8.

Make sure you have the app to claim in our next distribution on April 1. We'll be back to a weekly cadence from now on.

Android app
https://play.google.com/store/apps/details?id=com.universalcoin.app

iOS app
https://itunes.apple.com/us/app/universalcoin/id1435974024?ls=1&mt=8

Hi! In terms of progress we did run a quick beta test for the new distribution system on Android. From that we found a few issues with our server and load which we need to deal with, so we're now looking at restarting the distribution in December.

In terms of the switch to ETC - there is no action required and all ETC tokens have been distributed to the same addresses that held the old ETH tokens. Easiest way to see the UNV is to check the account balance with Trust (add an ETC account) or use MEW, select an ETC network on the top-right selector then add UNV from the available tokens list.

We're extremely pleased to announce that our Android beta is live. Here's the link to download:

https://play.google.com/store/apps/details?id=com.universalcoin.app



Claim windows are Monday 24 September, from 00:00-02:00 and 12:00-14:00 UTC (2 hour windows).
We're limiting it to 2000 users for the beta, the total distribution will be 25M UNV from our discretionary fund.


Apologies to iOS users, it's really tricky for us to do large scale testing on iOS. If all goes to plan you'll be able to claim the following week (our iOS app is approved and ready to launch 🍾).

UPDATE: We've completed the development work on our mobile apps that will enable the future distribution of UNV.

We're currently working through the steps of putting our submission through with Apple. Releasing an app on google is relatively straightforward, however Apple holds their devs to a higher standard. As part of meeting their criteria for cryptocurrency-related apps, UniversalCoin is now a registered company 🍾🍾 This was coming for a while now and it feels good to take the project to the next stage.

We understand the wait has been painful, we can only say that we want to do things properly and these things just take time. We're excited to roll out a robust process from global wealth distribution very soon. Thanks for your support 😀

Planning to list sometime early next year. It will be up to the market to determine the trading price 

Hey and thanks for your interest. We don't have bonuses in the common ICO sense, but we can say the rate we offer now is better than what will be offered in future. You check out out https://fundraiser.universalcoin.io for more info.

The concept is that the claim process itself can only be done by a human (eg. Repeated captcha style challenges), and would he engaging/laborious enough that doing it on multiple devices at the same time would be impractical.

We've been working hard developing the upcoming UniversalCoin app for Android and iOS! When the new app launches, we’re planning some changes to the way UNV is distributed.

We want to share some of our plans with you as we are very interested in the community’s feedback.

The major change we have planned is that we will be allowing for multiple claims. How will this work? Well, anyone will simply be able to claim as many times as they like each week. The total amount for each distribution will then be divided equally amongst all the claims.

Eg. There is a total of 200 UNV to be distributed. If there were 100 claims during the claim window, the each claim would be worth 2 UNV. If you claimed 6 times, you would receive 12 UNV.

Why would choose to allow multiple claims? Limiting the amount of claims (eg. 1 claim per person like before) opens to the door to fraud. Even though a mobile app, its still quite difficult to stop someone claiming multiple times without infringing on that person’s privacy, excluding people, or charging a fee. Like BuildBuildBuild has noted, going down a single-claim path would create a cat and mouse game with the scammers and fraudsters that would only hurt our legitimate user base in the end.

Under a multiple claim system, we can instead enforce that 1 claim = a certain amount of human attention, as we aim to have a single claim consume 5-10 minutes. We can do this in such a way that makes it incredibly difficult for a bot to claim, or for a human to claim more than any other human. People can claim multiple times, but in a fair and transparent manner.

While this might make the distribution more fair, it will potentially become less even, as some people will get a lot more UNV than others. We don’t see this as damaging to the experiment though - if our claim process is secure (it will be) then those people will have sacrificed more of their time than others and therefore deserve to receive more UNV.

By creating a fraud-proof system, we hope that we can give our participants more confidence that UNV is being distributed fairly and that their time is respected. We believe that confidence in our distribution system is an integral part of what will determine UNV’s future value.

These changes are significant, but in our opinion necessary for UniversalCoin to be able to scale and thrive. Thanks for reading and we’d love to hear what you think.

The issue at the moment isn't funds to finance the gas costs, we are covered in that respect for the near future. The pause on the distribution and the introduction of the claim app are more about making the claim process more secure and fair, we think this is the #1 priority moving forward.

The free weekly distribution is on hold - We'll be back in late June with our new mobile app for Android and iOS. When we're back up and running we should have a dramatically more secure and fair claim process.

Distribution #7 has begun! 24 hours to claim a share of 273M UNV - claim at https://universalcoin.io

Expecting over 10k claims this week 

All tokens for distribution #6 have been sent - massive thanks to everyone that took part. In total, 9477 people were sent 24k UNV each.

Next drop is May 7 

Distribution #6 has begun! The claim window will be active for the next 24 hours. Go to https://universalcoin.io to claim 

Hey apologies for the delay in clearing this up. The quoted response in correct.

After our issues in Jan, we switched over to the new token contract, 0xbb325121a2be1294b51c10ec56989e5693d0f59d
We use another smart contract to distribute the tokens in bulk, located at 0xc38504eB4C56c7C1EC7a7656bA0Eb061fe0f112a

The 'old' UNV, with ~2300 holders, is no longer supported, and really only valuable as a collectible or a souvenir at this point.

💸Distribution 5 tokens have been sent 💸

Thanks to everyone who took part. We are really picking up some momentum now, and we're really humbled by the response from the community and all the great feedback that has been sent in. All of our metrics point to strong organic growth! 🚀

-Distribution #5 stats-
Participants: 6269 (up 60% from last week)
Total UNV sent: 195,121,951.22 UNV
UNV per person: 31124.89252 UNV