[Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions!

[Air Jordan]

Great news. I know I will regret not buying more UTC at those silly discount prices.

[usukan]

[usukan]

IMPORTANT - COINS on BITTREX


As most of you know - Bittrex delisted UltraCoin 29 Jan 2017.

https://bittrex.zendesk.com/hc/en-us/articles/202583874-Bittrex-Market-Removal-Policy-Updated-12-01-16

If a market is removed, you will have 14 days to remove your coins from our wallets.

As such - YOU MUST WITHDRAW ALL YOUR UTC from Bittrex wallets before 12 February 2017.

So - only 3 days left to withdraw.

https://twitter.com/official_utc


If you don't - Bittrex will keep them and sell them (dump) on another exchange when we list.

Cheers - usukan

[usukan]

IMPORTANT - COINS on BITTREX


As most of you know - Bittrex delisted UltraCoin 29 Jan 2017.

https://bittrex.zendesk.com/hc/en-us/articles/202583874-Bittrex-Market-Removal-Policy-Updated-12-01-16

If a market is removed, you will have 14 days to remove your coins from our wallets.

As such - YOU MUST WITHDRAW ALL YOUR UTC from Bittrex wallets before 12 February 2017.

So - only 3 days left to withdraw.

https://twitter.com/official_utc


If you don't - Bittrex will keep them and sell them (dump) on another exchange when we list.

Cheers - usukan

The more I think about this issue the more I am concerned.

I'm not at all happy about Bittrex getting to own all unclaimed UTC. With a lot of major holders only checking sporadically - I imagine there will be quite a lot of UTC left unclaimed.

This is not satisfactory.  14 days is not a big window to retrieve funds.


I have approached Bittrex and asked them to return "unclaimed UTC" to an UltraCoin Community fund.

UTC address   UNaWZYGxKR9quWdncigRMx3mWXX8LvszsA

From here we can work for however long it takes to return UTC to its rightful owners.

Of course adequate proof of ownership from Bittrex account info would be required to release and avoid any false claims.


Its unfortunate that they appear to store UTC in multiple deposit accounts - rather than centrally in an identifiable hot and cold wallet.  It makes it impossible to assess the current balance of unclaimed funds.

Anyhow - all I can do is approach them and see what they say.

I think that its rather unfair if they plan to profit from delisting coins - by selling off unclaimed funds.


I will advise any updates on this.

Meanwhile - best thing that you can do is withdraw all your UTC from Bittrex - as a matter of EXTREME urgency.


Cheers - usukan

[usukan]

Bittrex will not transfer unclaimed coins to an UltraCoin Community fund.

Ryan Hentz states that all holders of UltraCoin on Bittrex will be emailed and warned to withdraw before their wallets are closed down.

Please let me know if anyone has already got this email - or it comes in the future.

WITHDRAW UTC NOW


Thanks usukan

[Newton90]

any exchange?

[Valpe]

https://bitcointalk.org/index.php?topic=727023.msg17759677#msg17759677

any exchange?

[FallingKnife]

UTC should do well on Cryptopia.  It's a growing and innovative exchange.

I'll look forward to the trading the UTC/UNO pair.

[KidCrypto]

Hi guys, I have coins on bittrex, what do I do, send them to cryptopia???

Edit: UTC is not traded anywhere???

Thank you

[usukan]

Hi guys, I have coins on bittrex, what do I do, send them to cryptopia???

Edit: UTC is not traded anywhere???

Thank you

Hi KidCrypto

Cryptopia do not have their wallets set up yet for UTC (a full sync takes about 4 days from scratch - I'm guessing they don't want to use the bootstrap for the blockchain) - as such there is no deposit address for UTC on Cryptopia yet.

You will have to withdraw to your own wallet address on a Windows machine.  If you are way behind on sync - it does not matter.  You can send to your wallet addresses without syncing (its not advised but if its an emergency its OK).  Just DONT SEND TO YOUR WALLET IF YOU ARE NOT ABSOLUTELY CERTAIN YOU KNOW YOUR PASSWORD and that you have your private keys backed up somewhere safe.

Alternatively - if you have no UTC wallet - install the new one and start syncing.  It will take 4-5 days.  But as soon as its installed only (and not fully synced) you can copy an address from it and send your Bittrex funds to that new wallet address.  Be sure to encrypt the wallet/add password - then back up the encrypted private keys in several safe places. MAKE SURE YOU RECORD THE PASSWORD on paper (a strong one with numbers, letters U and L case, symbols # @ $ % & * etc - more than 15 characters - hand written (not online anywhere) - in several different safe physical places. Triple check you record it correctly.

The new wallet files can be downloaded from here:


    Official Download  http://ultracoin.io/dl/Ultracoin.zip
    Mirror Download   https://mega.nz/#F!nAVymCQa!wdJ4DMaULSptCqC5BX8fCw

    This link has downloads for both 32x and 64x Windows installations.

    The simplest installation of the new wallet is via running the appropriate setup.exe for your Windows operating system - either 32x or 64x i.e. "UltraCoin-v1.0.0.0-Win64-Setup.exe" or "UltraCoin-v1.0.0.0-Win32-Setup.exe"

    This applies if you want to install a NEW Ultracoin wallet - OR if you want to update and old installation.

    So - if you have a Win64 operating system - just download and run "UltraCoin-v1.0.0.0-Win64-Setup.exe"

    Once the installation has completed - you need to be sure to run the correct ultracoin-qt.exe so the NEW wallet opens (i.e. don't use your old desktop shortcut).

    Best create a new desktop shortcut - as follows

    - Navigate to C/Program Files/Ultracoin folder
    - Find the file ultracoin-qt.exe
    - Create a shortcut to this file - and put it on your desktop.

    Use this new shortcut to run the new wallet (and best to delete your old desktop shortcut)


    As always - be sure to back up and save your wallet files (wallet.dat) to several other storage devices.

    If you know what you are doing - you can use the .zip files shown in the download link (i.e. ultracoin-qt-v1.0.0.0-Win64.zip) to manually configure your own wallet installation.

Just make sure you get the wallet address correct.  Send a small amount of UTC first - then check your address and TXID on Presstabs block explorer.  If it goes through - all good to send the rest to the same address.

http://www.presstab.pw/phpexplorer/UTC/index.php

http://www.presstab.pw/phpexplorer/UTC/address.php

http://www.presstab.pw/phpexplorer/UTC/tx.php

(NOTE - if you have a wallet on MAC - you will need to find your wallet files "wallet.dat" at this location "~/Library/Application Support/Ultracoin/" - then import them into a new version wallet running on a Windows machine - There is no MAC wallet available for UltraCoin just at the moment). Just find the wallet.dat on the windows machine (C:\Users\YourUserName\Appdata\Roaming\Ultracoin) - rename it to something eg wallet.datx - paste in the wallet.dat file from the Mac wallet - run the Windows wallet - and it will read the wallet key files from your Mac wallet.

Cheers - usukan

[KidCrypto]

thanks usukan I am downloading the wallet and it is syncing

[usukan]

thanks usukan I am downloading the wallet and it is syncing

Good stuff - did you get an email from Bittrex telling you to withdraw UTC?

[KidCrypto]

thanks usukan I am downloading the wallet and it is syncing

Good stuff - did you get an email from Bittrex telling you to withdraw UTC?

No I did not get an email about it, I just saw that I had some on bittrex with 0 btc value so I knew it was delisted. Is it safe to wait a few days for the blockchain to load and then transfer my coin? or should I do it right away?

[flippo]

Do it ASAP!

IMPORTANT - COINS on BITTREX


As most of you know - Bittrex delisted UltraCoin 29 Jan 2017.

https://bittrex.zendesk.com/hc/en-us/articles/202583874-Bittrex-Market-Removal-Policy-Updated-12-01-16

If a market is removed, you will have 14 days to remove your coins from our wallets.

As such - YOU MUST WITHDRAW ALL YOUR UTC from Bittrex wallets before 12 February 2017.

So - only 3 days left to withdraw.

https://twitter.com/official_utc


If you don't - Bittrex will keep them and sell them (dump) on another exchange when we list.

Cheers - usukan

[usukan]

Yes - do it ASAP - Ryan Hentz at Bittrex says they will keep the wallets open for a few days past the 14 days - but when they shut them to the public - thats it.  You lost them.

I guess they will stake with what they are left with from non-withdraws (they seem to stake near the end of each month) then sell when we are listed on Cryptopia.

Of Course - depending on their States unclaimed property laws - they would likely need to report the unclaimed property - wait until the claim period expires - then they would have legal ownership of funds.  If you claim during the reporting period - you will likely get them back - but after that they become property of Bittrex IMO.  
https://bittrex.com/Home/Terms

10. UNCLAIMED PROPERTY
If for any reason Bittrex is holding Virtual Currency in your Hosted Wallet on your behalf, and we are unable to return your Virtual Currency to your designated External Virtual Currency Address after a period of inactivity, then we may report and remit such Virtual Currency in accordance with applicable state unclaimed property laws.

Bittrex LLC is a limited liability corporation formed and operated out of Las Vegas, Nevada.

Bittrex LLC
6077 S. Ft. Apache Rd
Suite 100
Las Vegas, NV 89148


http://www.bizfilings.com/toolkit/sbg/finance/basic-accounting/unclaimed-property/nevada-unclaimed-property-rules.aspx

If its under $2500 and because its crypto the Nevada Unclaimed Property Division of the Office of State Treasurer is unlikely to want to hold these UTC.  They can refuse to accept unclaimed property under a certain value or of a certain nature. Are UTC regarded as "property" in Nevada?  Interesting to note there are quite harsh penalties for failing to report unclaimed property.

A holder who willfully fails to report, pay or deliver property within the prescribed time or willfully fails to perform other duties imposed is also subject to a civil penalty of $1,000 for each day the report, payment or delivery is withheld or the duty is not performed, up to a maximum of $25,000, plus 25 percent of the value of any property that should have been but was not reported.

In addition, if an examination of the records of a person results in the disclosure of reportable property, the Treasurer may assess the cost of the examination against the holder at the rate of $200 a day for each examiner or a greater amount that is reasonable and was incurred. However, the assessment may not exceed the value of the property found to be reportable.

[KidCrypto]

Yes - do it ASAP - Ryan Hentz at Bittrex says they will keep the wallets open for a few days past the 14 days - but when they stop running them - thats it.  You lost them.

Well they can't exactly steal my coins or they will be sued. I'm sure if anyone misses the deadline you can just contact Bittrex and get your coins.

[Newton90]

https://bitcointalk.org/index.php?topic=727023.msg17759677#msg17759677

any exchange?

there is no any pair for utc symbol on any market on cryptopia.any other exchange?

[usukan]

https://bitcointalk.org/index.php?topic=727023.msg17759677#msg17759677

any exchange?

there is no any pair for utc symbol on any market on cryptopia.any other exchange?

not just yet - standbye

[bittamak]

https://bitcointalk.org/index.php?topic=727023.msg17759677#msg17759677

any exchange?

there is no any pair for utc symbol on any market on cryptopia.any other exchange?

not just yet - standbye

Looks like cryptopia is upgrading their servers so i am not sure whether they will take up listing the coin before that..

[usukan]

https://bitcointalk.org/index.php?topic=727023.msg17759677#msg17759677

any exchange?

there is no any pair for utc symbol on any market on cryptopia.any other exchange?

not just yet - standbye

Looks like cryptopia is upgrading their servers so i am not sure whether they will take up listing the coin before that..

I contacted them today and true - looks like they have been busy.  They say they are working on UltraCoin now. First review and then wallet sync.  Realistically its probably a week away until listing.

Cheers