Customers have until the end of March to use Topcoin at Uniregistry.
Domain name registrar Uniregistry is dropping Topcoin from its platform. The company announced the change in an email sent just before midnight Friday night.
Topcoin is a blockchain-based digital rewards system. It is designed as a rewards program for customers of digital goods such as domain names and web hosting.
Uniregistry is the only major company I’m aware of that joined the program, and Uniregistry founder Frank Schilling was directly involved with Topcoin.
Customers were often frustrated by Topcoin, however. Uniregistry distributed the reward cryptocurrency when customers purchased products but it was difficult to redeem Topcoin. Each coin essentially had dollar parity at Uniregistry but could only be used for part of the purchase. Customers with the highest discount rates at Uniregistry couldn’t redeem Topcoin at all.
Ironically, now that Uniregistry is raising prices for anyone that doesn’t opt into its paid discount plans, it’s possible that people will be able to use their Topcoin. They have until the end of March to redeem Topcoin at Uniregistry before the registrar stops accepting it.
The Topcoin.com website changed yesterday or today to note that it is undergoing maintenance. A Topcoin representative told DNW that it is working on getting more partners where people will be able to spend Topcoin, as well as restore the ability to access Topcoin through the Topcoin.com website.