Unitecoin was a script coin retargeting every 60 blocks, awarding 50 coins per block, with 2-minute block times. It launched halving the block reward every 840000 blocks. The announcement made on Bitcointalk at https://bitcointalk.org/index.php?topic=372707.0 says every 84000 which would have been about 3 months, but the source code at https://github.com/unitecoin-org/Unitecoin/blob/master/src/main.cpp says 840000 which is about 3 years. Its nominal block time was two minutes according to the source. It was released initially on December 1, 2013, with an announcement on crypto coin talk, and was not announced on bitcoin talk https://bitcointalk.org/index.php?topic=372707.0 until 16 December. About 3 weeks’ worth of coins at nominal block rates were already gone by the time it was announced here, so Unitecoin was considered by some to have been pre-mined. The blockchain shows that the first 3 thousand blocks or so – about a week’s worth at nominal rates – was mined very fast, but that’s likely due to ordinary launching at low difficulty. Trading in Unitecoin appears to have started at a market cap of $196 on April 16, 2014, and ended at a market cap of $28 on May 27, 2014. During that brief time, it had four peaks in market cap, to US$591, $1136, $1141, and $635. Between these peaks, it crashed to $38, $75, and $62. The trading history is truly remarkable in that it appears to have gone through FOUR separate pump-and-dumps, each capable of transferring up to 90% of the bagholders’ remaining money into the pockets of the dumpers. This doesn’t usually happen, if only because after one or two pumps all the sufficiently gullible bagholders are broke.
Is UniteCoin a Scam?
Disclaimer: UniteCoin Cryptocurrency | UniteCoin ICO
UniteCoin is a cryptocurrency project that issued UniteCoin tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is UniteCoin a Scam ICO?
Data on whether UniteCoin conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against UniteCoin or in support of UniteCoin. The data is only an aggregation of claims cited against UniteCoin.
The above claims about UniteCoin (ICO), UniteCoin’s token, or UniteCoin’s team are externally sourced. They may claim that:
– UniteCoin did an ICO and then exit scammed
– UniteCoin has an undedicated project development after the UniteCoin ICO
– UniteCoin token got pumped and dumped by the UniteCoin team
– UniteCoin is a dead project with a worthless UniteCoin token
However, external claims about UniteCoin project, UniteCoin token, UniteCoin team, or even UniteCoin advisors may not be supported by accusers of UniteCoin ecosystem and thus individuals seeking to learn more UniteCoin team or about the UniteCoin cryptocurrency are recommended to directly contact UniteCoin team members or UniteCoin token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim UniteCoin is an exit scam or that UniteCoin is any other type of scam, nor does CoinCurb insinuate that UniteCoin (or UniteCoin token) team are scammers or that UniteCoin (or UniteCoin token) advisors are scammers. CoinCurb allows viewers to reference sources related to UniteCoin development, UniteCoin token trading, and/or UniteCoin team as an uncertain reference when deciding if UniteCoin is a scam or UniteCoin is not a scam.