NEWS

UnitedBitcoin (“UBTC”) community airdrop

Upon completion of phase 1 and phase 2 of UBTC distribution to the Bitcoin (“BTC”) community, 30% of the remaining UBTC will be deposited into UB Labs. UB Labs safeguards UBTC for future distribution to active holders in other communities. Initially this will be ETH, HSR, INK, LTC and QTUM, however coins have to be in circulation and not be controlled by a foundation. The intention is to distribute to blockchain communities, blockchain forums as well as other organizations recognized by the UnitedBitcoin Foundation (“UB Foundation”).

Distribution guidelines All distributions are subject to approval of the UB Foundation. The UB Foundation will approve: Grantee:UB Foundation will evaluate cryptocurrency communities, blockchain communities, blockchain forums as well as other organizations based on their industry rankings, technology development levels and cooperation with the UnitedBitcoin community (“UB Community”). Amount:The amount to be distributed is at the discretion of the UB Foundation. Time:The UB Foundation will announce all distribution timetables once a decision has been made in order to minimize any market volatility. In principle, the distribution to other cryptocurrency communities will be on a monthly basis for a period of 48 months. Conditions and claiming procedure:The UB Foundation will announce the block height at which the airdrop calculation will be based on as well as the claiming process once all details have been agreed.

Monthly UBTC airdrop to HSR holders The UBTC airdrop for HSR holders will start on February 1, 2018 and run for 48 months (until January 1, 2022). The block-height of the HSR snapshot will be the block at 12:00 UTC on the 1st day of each month. HSR holders can register their HSR addresses to claim UBTC on https://ub.com. Only HSR addresses registered there will be eligible for UBTC distribution. The ratio of HSR: UBTC will be 100:1 of 1/48th of the balance at the time of the relevant snapshot. For example, the amount of UBTC to receive if you’re holding 100 HSR will be 0.0208 UBTC that month (UBTC = HSR/100/48). If the next month you’re holding 200 HSR, you will receive 0.04166666 UBTC. If you’re holding less, the amount of UBTC you receive is pro-rata.

Monthly UBTC airdrop to QTUM holders The UBTC airdrop for QTUM holders will start on February 1, 2018 and run for 48 months (until January 1, 2022). The block-height of the QTUM snapshot will be the block at 12:00 UTC on the 1st day of each month. QTUM holders can register their QTUM addresses to claim UBTC on https://ub.com. Only QTUM addresses registered there will be eligible for UBTC distribution. The ratio of QTUM: UBTC will be 100:1 of 1/48th of the balance at the time of the relevant snapshot. For example, the amount of UBTC to receive if you’re holding 100 QTUM will be 0.0208 UBTC that month (UBTC = QTUM/100/48). If the next month you’re holding 200 QTUM, you will receive 0.04166666 UBTC. If you’re holding less, the amount of UBTC you receive is pro-rata.

Monthly UBTC airdrop to ETH holders The UBTC airdrop for ETH holders will start on February 11, 2018 and run for 48 months (until January 11, 2022). The block-height of the ETH snapshot will be the block at 12:00 UTC on the 11th day of each month. ETH holders can register their ETH addresses to claim UBTC on https://ub.com. Only ETH addresses registered there will be eligible for UBTC distribution. The ratio of ETH: UBTC will be 200:1 of 1/48th of the balance at the time of the relevant snapshot. For example, the amount of UBTC to receive if you’re holding 200 ETH will be 0.0208 UBTC that month (UBTC = ETH/200/48). If the next month you’re holding 400 ETH, you will receive 0.04166666 UBTC. If you’re holding less, the amount of UBTC you receive is pro-rata.

Monthly UBTC airdrop to LTC holders The UBTC airdrop for LTC holders will start on February 11, 2018 and run for 48 months (until January 11, 2022). The block-height of the LTC snapshot will be the block at 12:00 UTC on the 11th day of each month. LTC holders can register their LTC addresses to claim UBTC on https://ub.com. Only LTC addresses registered there will be eligible for UBTC distribution. The ratio of LTC: UBTC will be 500:1 of 1/48th of the balance at the time of the relevant snapshot. For example, the amount of UBTC to receive if you’re holding 500 LTC will be 0.0208 UBTC that month (UBTC = LTC/500/48). If the next month you’re holding 1000 LTC, you will receive 0.04166666 UBTC. If you’re holding less, the amount of UBTC you receive is pro-rata.

Monthly UBTC airdrop INK holders The UBTC airdrop for INK holders will start on February 21, 2018 and run for 48 months (until January 21, 2022). The block-height of the INK snapshot will be the block at 12:00 UTC on the 21st day of each month. INK holders can register their INK addresses to claim UBTC on https://ub.com. Only INK addresses registered there will be eligible for UBTC distribution. The ratio of INK: UBTC will be 6666.66:1 of 1/48th of the balance at the time of the relevant snapshot. For example, the amount of UBTC to receive if you’re holding 6666.66 INK will be 0.0208 UBTC that month (UBTC = INK/6666.66/48). If the next month you’re holding 13,333.32 INK, you will receive 0.04166666 UBTC. If you’re holding less, the amount of UBTC you receive is pro-rata.

Claiming methods: Go to https://ub.com and use a valid email address to register an account. This will also be your username. The same e-mail address can be used to register a wallet for UBTC distribution (more than one wallet can be registered). After each snapshot, eligible holders will be required to transfer a minimal random amount to an address pre-determined by the UB Foundation. The random amount will be decided at the time of the transaction and is purely to verify the ownership of the wallets. Once verified, users can activate the UBTC in their accounts. The UBTC can be kept at https://ub.com or withdrawn anytime. To keep the UBTC in https://ub.comaccounts, the user will be required to log into their account once. We believe only active users enable the ecosystem to grow. Therefore any distributed UBTC that have not been activated in the users account within one month of receipt, will be cleared in the next month upon new distributions. The UBTC which are not activated will be deposited into UB Labs for future distribution.

Exchange claims Exchanges should comply with the same procedures to claim UBTC from the UB foundation for their clients holding ETH, HSR, INK, LTC and QTUM. Due to the complexity of wallet management procedures, the UB Foundation can provide special channels for one-time verifications to distribute the UBTC to exchanges. The exchanges can subsequently distribute the UBTC to their clients. If your coins are held at any third-party platform, please claim your UBTC from the platform to a wallet where you hold the private keys. To avoid mis-claims, our claim limit will conform to the withdrawal limit set by platform.

SOURCE:

https://www.ub.com/news/detail?column=1&id=288