UniversalCoin (UVC) is a cryptocurrency token on the Ethereum Classic (ETC) blockchain. The project goal is to bring cryptocurrency to the world, distributing UniversalCoin as fairly and evenly as possible.
It can be said that the value of money is an illusion, a shared myth that facilitates the exchange of value and underpins our society. Money today exists mostly digitally and although it has no practical function of it’s own, we simply believe that others will accept it in exchange for goods and services, and they in turn believe in it's ongoing value. We interact with money as paper or on computer screens, recorded as bits in a database that are exchanged through the sharing of information stored on a chip or magnetic strip.
These paper and digital records are for reference, but the true value of money lives only in our minds, reinforced by the beliefs of all those around us. If the value of money lives in our minds, why does our society allow such gross financial inequality, where a fraction of the population control the vast majority of the wealth? Is it possible to reject these belief systems and if so, could a cryptocurrency be a catalyst? Many people believed Bitcoin to be such a catalyst, but it is estimated that just 1,000 people control around 40% of the supply. With Ethereum the centralisation is even more prevalent, with the top 100 addresses controlling approximately 40% of the total supply.
Today’s cryptocurrency “whales” (large volume holders) could be compared to the first generation of incredibly wealthy family dynasties we see today. As cryptocurrency can be bought with fiat (traditional) money, it’s no surprise that the wealth concentration found in fiat currency would come to be reflected in cryptocurrency. Cryptocurrency technology truly allows individuals to own and control their own money but today’s cryptocurrencies do little to address the inequity found in our financial systems. While completely addressing financial inequality on a global scale is beyond the reach of this project, what we propose is a cryptocurrency token based economy, to learn more about how the shared belief of value is created and how this phenomenon could be exploited as a force for good.
This project is UniversalCoin, a free and fair global cryptocurrency token distribution. UniversalCoin (UVC), a cryptocurrency token on the Ethereum Classic blockchain, will be distributed to as many people as possible, in as fair a manner as possible, free of charge. We will then observe how the participants in the project value the tokens that they have received. If the participants assign value to the tokens, wealth will have been created in a fair and equal manner.
Theoretically, this wealth creation effect presents a force against wealth inequality. The impact of the UniversalCoin project alone may be minor, however, we believe the learning that stems from it could be transformative. UniversalCoin is not a cryptocurrency technology project. It's about using exciting open-source technology to bring people together in positive ways and challenge the financial status quo.
Where can I find out more?
More information can be found here, in our Whitepaper and via the links below.
To claim UniversalCoin, all you have to do is create an account here on our website, and wait for the announcement of claim windows. We'll announce further updates on distribution soon - for now though, you're able to get your information filled in, so you're ready when we're ready!
How do I claim UniversalCoin?
We are still establishing the claims process - for now, sit tight and keep an eye on our social media accounts, and join the discussion on Telegram!
What's the Dashboard?
When you log in to UniversalCoin, you'll land on the Dashboard. This is where you can get an overall "Heads-Up" of everything. You can find your balance of UVC, view your profile information, read the latest news (as fed from our Twitter) and view Market Data, as aggregated by CoinGecko. Be sure to login frequently - new features are being added on a rapid basis!
What is ETC?
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic and Ethereum have a value token called "ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed in the Ethereum Platform. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.
Source: Wikipedia (Link)
If you need an ETC Address, you could consider using Trust Wallet - a free multi-coin wallet available on iOS and Android. First, you'll need to create a wallet - you can follow the first video below to get that done nice and quickly.
IMPORTANT: If making a multi-coin wallet you will have different Ethereum (ETH) and Ethereum Classic (ETC) addresses. Make sure you register and claim with your ETC address from a multi-coin wallet to receive UniversalCoin!
ETC on Trust Wallet
In the video below, you will learn how to add Ethereum Classic (ETC) to your multi-coin wallet. This assumes you are using Trust Wallet - if you are not, you should consult your wallet's support guides and check for compatibility with ETC and ERC223 Tokens.
IMPORTANT: If making a multi-coin wallet you will have a different Ethereum (ETH) and Ethereum Classic (ETC) address. Make sure you register and claim with your ETC address from a multi-coin wallet to receive UniversalCoin!
Since we deployed our new contract and completed our swap, we have published and verified our Contract Source on Blockscout. UniversalCoin believes in transparency and integrity, so being publicly auditable is one of the many ways we aim to obtain and keep your trust. Read our Contract Source on Blockscout by clicking on the button below.
Block Explorers are a wonderful tool available to you, to help explore Transactions, Addresses, Smart Contracts and more. This can help to gain an understanding of Gas pricing, market activity and tracking when your last UniversalCoin was sent! UniversalCoin recommends Blockscout for all your blockchain exploring needs - but you should always do your own research before using anything!
We take your security and privacy very seriously. UniversalCoin has employed many different solutions to ensure that your data is being processed in a safe way, and we in NO way pass your information to Third Parties, except where stated in our Whitepaper, or as otherwise signed on our website or publications, or listed below. Should you have any questions, please contact us via one of the buttons below - we are more than happy to assist in any way we can!
UniversalCoin uses the following services:
Gravatar - To display profile images. This service uses your email address that you have created your UniversalCoin profile with. If Gravatar has a matching email address in their database, their API allows us to fetch the image you assigned to your email address on Gravatar.
Blockcout API - To display token and balance information. This service uses your ETC Address you provided when creating your UniversalCoin profile. The Blockscout API allows us to show you information about your ETC Address, that is also publicly available on any good Block Explorer.
How do I refer people?
Referring people to sign up to UniversalCoin is easy - all you have to do is have them add your email address in the "Referral Email" field when they register - and that's it! Be sure that they use the email address you registered with, so they are counted in your referrals! Remember, the more people you refer, the more rewards you get!
What are the Referral Reward rates?
For every approved and valid referral, you will receive 1000 UniversalCoin - isn't that awesome? You must have a valid email address and ETC Address saved on your profile (if you need to edit your profile, Click Here) to receive Referral Rewards - UniversalCoin Administration and Team will not be held responsible for lost referrals.
How many people can I refer?
You can refer AS MANY PEOPLE AS YOU LIKE! That's right! Refer your book club, your classmates, your work colleagues, your grandmother, your whatever-assembly-of-people-you-have - the more, the merrier (and the richer in UniversalCoin you will be)!
UniversalCoin Administration reserves the right to change the terms of the Referral Rewards program at any time at their own sole discretion, without prior notice or advisory to any party, entity or organisation.
When do Referral Rewards get sent?
At the start of each month, UniversalCoin Administration will count and pay referrals a month behind. For example, if it's 01 December, the Admins will be counting and paying referrals from November. Then January to December, February to January, and so on. We expect to therefore make referrals payments on either the 1st, 2nd or 3rd day of each month. If you have any issues on those days, we suggest checking your address for inbound transactions on a Block Explorer. UniversalCoin recommends Blockscout for these purposes.