U.CASH Status Update - February 15, 2018

[brian-ucash]

As many of you know, our services have been heavily slowed down due to scammers attempting to unfairly earn UCASH. Not only has this diverted attention away from you (our real users), it's also decreased the overall value of our ecosystem.

Therefore beginning next week (we will update you when this happens) we are going to burn, by sending to our smart contract address (0x92e52a1A235d9A103D970901066CE910AAceFD37), any UCASH earned unfairly by scammers. By burning UCASH, our ecosystem will ironically benefit from all the scammer's work as it will decrease the overall supply of UCASH.

We understand some legitimate users have been negatively affected and will, therefore, give all users a grace period to prove their account legitimacy by allowing users to verify their identity. Negatively affected accounts, when logging in, will see a document verification page where they can upload their verification documents.

We will update the community next week with more information and want to thank you for your continued support during this growth period.

U.CASH Team

[mulukey]

This is a very accurate way to increase transparency and circumvent UCASH fraud. I support your decision. Do good deeds for your project to get the trust of the investor.

[77Daeng77]

a very good decision, because otherwise the other players or investors can get the impact, for example the old withdrawal process.

[StarKay]

This is definitely the way forward otherwise scammers will just hijack the project to the detriment of the community. Nice one.

[mmo4me.2016]

When I login my ac! Only way to send u.cash to other member or email! How to I can sent this token to exchange or my eth wallet ( for hold token)

[dhiraj0977]

Good decision.

[Cryptoguru274]

This is a welcome development for Ucash project because this will help check the various frauds perpetuated by the scammers. You can see recently that the price of Ucash has falling so much that something needs to be done to salvage the situation. Thank you for efforts to keep the project alive.

[waaat?]

After last airdrop when any can get 300 Ucash we will see another dump. As team opens withdraw on exchanges after will wait big dump. You can make screenshot of this words 

[cryptoman1ac]

As many of you know, our services have been heavily slowed down due to scammers attempting to unfairly earn UCASH. Not only has this diverted attention away from you (our real users), it's also decreased the overall value of our ecosystem.

Therefore beginning next week (we will update you when this happens) we are going to burn, by sending to our smart contract address (0x92e52a1A235d9A103D970901066CE910AAceFD37), any UCASH earned unfairly by scammers. By burning UCASH, our ecosystem will ironically benefit from all the scammer's work as it will decrease the overall supply of UCASH.

We understand some legitimate users have been negatively affected and will, therefore, give all users a grace period to prove their account legitimacy by allowing users to verify their identity. Negatively affected accounts, when logging in, will see a document verification page where they can upload their verification documents.

We will update the community next week with more information and want to thank you for your continued support during this growth period.

U.CASH Team

Yes please do something about it. UCASH and real users has been greatly affected by these scammers who never even exerted much effort. Burning is I think a very good solution to the existing problem of UCASH. Please keep me updated about any news related to your project.

[heritage35]

This is a good development. I actually found it hard recently to carry out transaction on my account. The transaction seems to take many days before executing and some other folks have also attested to that. Seeing now that much improvement will be made through these reviews, i believe that things will be much better. Thanks for this update and with this you will surely have more support.