Cryptocurrency presents an opportunity to reduce economic inequality and improve the standard of living for people around the world. However, with popular cryptocurrencies such as Bitcoin, the vast majority of the wealth is controlled by very few individuals. This creates an uneven playing field for anyone who didn't buy in early.
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 (UNV) will be distributed to the public free of charge in 40 distributions of increasing volume. Every Monday (once our app is released) there will be two claim windows from 00:00-02:00 UTC and from 12:00-14:00 UTC. Use the UniversalCoin app during the claim window, follow the prompts and claim as many times as you like within the window. The distribution amount will increase every week, and every week each participant will get the same amount for each claim made. Individuals can participate is an 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, 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. 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 Etehreum 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, Vaibhav Namburi and an army of collaborators and ambassadors. To learn more about how you can help, email us on the link below.
New to Cryptocurrencies?
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