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.
Topcoin lost the best opportunity to truly launch their coin when crypto was booming.
Those Topcoin guys are so lazy, they had such a head start in this whole space, they just needed an idea, and could have easily made a $100M market cap, and we wouldn’t be having this conversation because we would have been able to dump this worthless coin, which isn’t can’t even be used as a paper weight.
Even uni support cannot tell anyone what they can do with this worthless coin, it is just a waste of electricity sending email rewards for something you can’t spend, or utilize, it is almost a ponzi reward.
RIP all Top Coin Owners
I called Uni support several times over the years asking how to use my more than 10,000 top coin. They had absolutely no ideas on how to spend them or cash in.
The best they could do was tell me if I opened a new non-discounted account and paid regular prices I could then use them to get the discounted pricing I was already getting..
How absurd is that where you need to pay more for something to get a discount. It’s amazing Frank S and staff spent so much time and energy for so many years on something so worthless.
Imagine anyone that decided to buy topcoin several months ago.
Are any materials available indicating when the FORK occurred resulting in two Topcoins?
There was no fork, although there might be another group that created a coin called Topcoin
Someone somewhere said we should be able to use topcoin on other stuff such as paying for the new Uni Domain Perks but no, I tried that and learned they can only be used on domains upon paying non-discounted prices.
So next I tried a different approach by trying to renew a name for 10-years but that also failed as it can only be used if paying regular cost and to make it even more worthless the renewal form indicated maximum topcoin rebate was just $2 for 1 year only, with no usage allowed for more than a year renewal.
Utterly worthless and a giant waste of everyone’s time including Uni. Makes me wonder why Frank Schilling did Topcoin. As someone else said it was like a big Ponzi Scheme.