Undicu [UDC] Universal Digital Currency Aiming to be the #1 freely distributed coin. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi59.tinypic.com%2Faljds7.png&t=665&c=Ys33TbEuQBQDHg)
Currency detailsType: Proof of stake
Launch date: Soon
Total coins: 25 billion
Client: POS clone (Ex: communitycoin, yellowcoin, etc)
Distribution: 95.5% participants, 1.5% development + bounties, 3% personal.
Distribution time span: No limit, a closing date may be decided down the road.
Giveaway coins per participant: 5 million coins (Amount may decrease over the course of the giveaway.)
Giveaway applications are being accepted now.Applicants must meet and follow
one of the following to be eligible:
1) miiCard verification. This is available to anyone (no Bitcointalk forum account needed). Coming soon!or2) Bitcointalk account verification. This is available to anyone with a Bitcointalk forum account registered on or before January, 2014. To apply, pm me saying interested. If I find any evidence or have suspicion of sockpuppet activity, you will be disqualified. This group will be audited heavily before distribution.
or3) Bitcointalk account verification with Facebook verification. For anyone with an account newer than January, 2014. First, like our Facebook page
here. Then message me here with your Facebook wall link. You must post a picture of yourself holding a sign with your Bitcointalk username written on it. (This picture will be cross checked with profile pictures, this will eliminate the possibility of someone applying for the giveaway with stolen Facebook accounts.)
One giveaway per person. The participants list will be audited, if you are found applying for coins multiple times you will be disqualified. Eligibility will grow as the project develops. I will be posting updates periodically as conditions change. A list of participants will be publicly posted along with details of eligibility. (This includes public links to Facebook accounts, videos, any additional information used for verification.
Participants list: here.
Once the coin launches, I will need participants to pm me their UDC address for coins.
For now I would like to start this thread for open discussion. If you have a great idea that you think could help, please share it here. I am looking for someone who can actually create the coin and maintain it. A pos clone shouldn't be too hard to setup, right? I'll have a small developer fund set aside for the coin development, current clone work and a reserve for future development. Also a small amount will be set aside for projects like a website, android wallet, etc. (Not much of a priority now). A small amount set aside for people involved in the participant verification work, the appropriate name for these people could be "sock sniffers". (Any extra unused coins will be added to the giveaway amount or if giveaway has ended they will be burned.) A few percent of the coins will be saved for myself. (Yes, money for myself. I will be putting a lot of my personal time on this project.) The coin name isn't set in stone, I like "Universal Digital Currency" but am open for suggestions. Of course, I will be playing the role of creator/leader.
Why another coin?Take a look at the never endless list of ipos and free giveaway coins, specifically how they where handed out. Obviously a great deal of these coins are scams. Nearly every coin has distribution flaws, the most common being sockpuppet activity. From that coin's 1000+ participants list, how many participants are just people using fake accounts? A lot of coins have whales holding several % of the currency in existence. (Just some lucky group of people putting their money in the right place/time.) Why are the developers/leaders allowing these holes for potential unfair advantages? Be it full ipo, partial or distributed freely its not fair and to an investor it doesn't look much appealing.
My goal is to create the largest distributed pos clone coin, fair and free.
With a distribution phase spanning several months and a multiple targeted group, Universal Digital Currency aims to be this community's largest distributed coin. I've brainstormed for days on ideas for distribution, ways to allow for open participation without the risk of abuse. I myself have came up with some distribution ideas that I feel aren't too bad.
Looking for a coin developer!https://bitcointalk.org/index.php?topic=610705.msg6753930#msg6753930You will be represented as apart of the team!
You will be paid with this project's currency, 0.5% of total coins in 3 installments. 1/2 after development and launch but before distribution begins, 1/4th one month after launch, and 1/4th 3 months after launch.