UniversalCoin (UNV) 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 (UNV), 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.
More information can be found here, in our Whitepaper Coming Soon! 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!
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!
The Dashboard is your one-stop view of UniversalCoin - you can view your balance, a QR Code of your ETC Address, see links to view your address directly on a Block Explorer, read our latest Twitter post and find out any important information via the Message Board. New features may be added from time to time - so be sure to login frequently!
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!
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!
When we have verified our Smart Contract with some Block Explorers, we will add links to them below so you can view our Contract Code. UniversalCoin believes in transparency and integrity, so being publicly auditable is one of the many ways we aim to obtain and keep your trust.
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. 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!