Cryptocurrency technology presents an opportunity to reduce economic inequality and improve the standard of living for people around the world. We decided to create a project that would have a net-positive impact on society.
UniversalCoin is a digital currency with a difference - it will be distributed completely free-of-charge, and everyone has a chance to participate and get their fair share. All you need is a mobile device and an internet connection.
How does it work?
UniversalCoin (UNV) will be distributed to the public free of charge in 40 weekly distributions. For each distribution of UNV, there will be a seven day claim window to make a claim. Use the UniversalCoin app during the claim window, follow the prompts and claim as many times as you like. The distribution amount will increase every week, and every week each participant will get the same amount of UNV for each claim made. Individuals can participate in as many weekly distributions as they like. There is no catch - this is wealth creation with the power of community.
So, how are we creating wealth?
As UniversalCoin is distributed, and eventually listed on an exchange, it's value will be determined on the open market. UNV holders can then, if they choose to, sell their UniversalCoin. UniversalCoin can also be transferred directly between parties in exchange for goods and services.
UniversalCoin (UNV) token details
UniversalCoin is a fixed supply ERC223 token that operates on the Ethereum Classic network. The supply is capped at 40 billion and UniversalCoin cannot be mined. It can be stored and sent using any ERC20 compliant wallet that supports Ethereum Classic (get one here). For more information on UniversalCoin and the distribution read our Whitepaper.
Who created UniversalCoin?
UniversalCoin is the work of Adam Travers, Julien Lamy and an army of collaborators and ambassadors. To learn more about how you can help, email us on the link below.
New to Cryptocurrencies?
Here's an article or two to get you started.