FAQ

What is UnitedCoin?

UnitedCoin is a blockchain operating system connecting centralized and decentralized technologies to allow members to experience compliant, insured, secured traditional and cryptocurrency transactions while having access to financial opportunities only available in the cryptocurrency industry.
UnitedCoin rewards users for using platform services by providing UNITS holders with rewards for using the network.
UnitedCoin operates connected services Stellar, IPFS, and our blockchain, UnitedChain.

What problems does UnitedCoin solve?

UnitedCoin solves the problems of accessibility and ease of use for cryptocurrencies and cryptocurrency transactions by allowing users to create a cryptocurrency wallet and send/receive UNITS using SMS, Google Voice (USA only), and WhatsApp (coming soon).
UnitedCoin solves the $5 trillion dollar a year global fraud problem by ensuring all transactions with a UnitedCoin user are with a known and verified individual with verified and secured funds, whether paying with fiat or cryptocurrency.

What is the UnitedCoin Standard for NFT creation?

The UnitedCoin Standard Smart Contract (UCSSC) allows an NFT to be fractionalized, receive payments, and distribute rewards to NFT holders.
The UCSSC divides revenues from NFT sales among three internal accounts: (1) reserve account for holder rewards, (2) exchange account for trading, (3) spending account for the creator.
The reserve and exchange funds provide reserve value, a potential future price floor, and rewards for NFT holders.

What are UNITS?

UNITS are cryptocurrency with rewards.
UNITS are the native cryptocurrency for the UnitedCoin blockchain and its services.
There are 18 billion UNITS created all time.
UNITS receive rewards from UnitedCoin transactions and services.
UNITS holders receive rewards when they hold UNITS.
UNITS use the UnitedCoin Standard Smart Contract and are created on the UnitedCoin blockchain.
UNITS are not shares of UnitedCoin.

Who can create a UnitedCoin wallet?

A UnitedCoin mobile wallet can be opened by anyone with WhatsApp, Google Voice, or SMS in the United States.

What rewards do UNITS holders receive?

UNITS rewards are issued to UNITS holders when they perform a UNITS transaction.
Rewards are generated by every transaction on every UnitedCoin application.
UNITS have reserve value in the UNITS holdings accounts.
5% of all coins sold on UnitedCoin are held in the UNITS holdings account. UNITS also receive NFT royalties, which are distributed to UNITS holders.
UNITS are available on units.io and Stellar. (Ethereum and BSC coming soon)

What are StableUNITS?

StableUNITS are a reserve coin native to UnitedCoin representing the US Dollar (USD) in the reserve.
StableUNITS are not a stablecoin and do not change in price.

What is the NFT in my account when I sign up?

This is your Social NFT — a tokenized representation of your personal spending account.
Only one coin per name is permitted; duplicates receive a number after the name.
Social NFT holders receive a percentage of funds deposited into the creator’s spending account and staking rewards.
IMPORTANT: Once you sell your SocialNFT, 10% of the funds deposited into your spending account will be distributed to your SocialNFT holders.

What happens when I press the sell button next to Social NFT?

You sell 10% of your Social NFT coins tied to your spending account.
5% goes to the UNITS holdings account.
5% is placed on the Exchange for purchase by other users.
IMPORTANT: Selling your SocialNFT means 10% of all future deposits into your spending account will go to SocialNFT holders.

What are Global UNITS?

Global UNITS are reserve NFTs representing UNITS holdings by location.
Each time an NFT is minted or listed for sale, a portion is distributed to the corresponding Global UNITS.
Global UNITS hold 1% of NFTs and tokens created within their region.
Categories include zip/parcel code, city, state/region, country, and planet.
Global UNITS receive rewards and distribute them to Global UNITS holders.

What is the Mint?

The Mint allows you to build a fractional NFT on UnitedCoin for any purpose.
Once created: 5% goes to UNITS holdings, 5% is sold on the exchange, and 90% goes to the creator’s holdings.
NFT holders receive royalties when any portion is sold or when payments are received.
NFTs created in the Mint use the UnitedCoin Standard.

What is BlockU?

BlockU is UnitedCoin’s nonprofit educational organization teaching people to develop and use cryptocurrency software.

How do I create a UnitedCoin Mobile Wallet?

To create a mobile wallet, text UNITS to +1 (407) 694-5024.

How do I send UNITS to Bitmart?

Follow the steps below to use UnitedWallet to interact with Bitmart.

1. Set up your Bitmart account

If you do not already have an account, sign up here: Bitmart Signup Link

From your messaging app (SMS, WhatsApp, or Google Voice), send a message to:

SMS / Google Voice: +1 (669) 600-0773
WhatsApp: +1 (815) 893-2646

Send: set bitmart account

You will receive the message requesting a value (0 or 1). Check which deposit address matches your Bitmart account, then reply:

set bitmart account 0 or set bitmart account 1

Enter your PIN when requested.

2. Set your Bitmart memo

Send: set bitmart memo NUMBER