Archive for year: 2020

FCA Announcement

The Scotcoin Project CIC has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until 9 July 2021, pending the determination of our application by the Financial Conduct Authority.

We will continue to comply with the MLRs, including the requirement at regulation 60A, to inform our customers before establishing a business relationship or entering into a transaction with them, that our cryptoasset activity is not:

  1. within scope of the jurisdiction of the Financial Ombudsman Service, or
  2. subject to protection under the Financial Services Compensation Scheme, or
  3. within scope of the jurisdiction of, or subject to protection under, either of the schemes referred to in paragraph (1) or (2).

Temple Melville on The Neil Coutts Show: Talking Bitcoin, Cryptocurrency and Scotcoin

Temple Melville on The Neil Coutts Show: Talking Bitcoin, Cryptocurrency and Scotcoin

On this episode of the Neil Coutts Show, special guest Temple Melville joins Neil Coutts for a chat about Bitcoin, cryptocurrency and Scotcoin – it’s quite long but well worth the listen.

You can listen to it on the following links:

iTunes: https://podcasts.apple.com/au/podcast/the-neil-coutts-show/id1541138876

Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zb3VuZGVyLmZtLzUxNjIvcnNzLnhtbA

Spotify: https://podcasters.spotify.com/podcast/0tBRnOxkG2T9aiDq3x8s4I/overview

Youtube:

The Scotcoin Project CIC new ERC20 token is now ready for deployment

End of bonus period

For the avoidance of doubt, both the migration Bonus period for Scotcoin and the offer to SPFL members are both now closed.

If you still have V2 on Counterparty and have not already done so, you can still migrate to our new ERC20 SCOT token, but there will be no bonus applied to your holding.

Any questions or issues please as ever contact me at [email protected]

The Scotcoin Project CIC new ERC20 token is now ready for deployment

Scotcoin bonus period closing at Midnight tonight!

The bonus period for the Scotcoin migration from Counterparty to the new ERC20 SCOT on the Ethereum Blockchain closes at midnight tonight!

If you have not already done so please get your registration form in before that time. ANY FORMS RECEIVED AFTER THAT WILL NOT QUALIFY FOR THE BONUS. Fill in the form here now: Migration

You will still be able to migrate but you will not receive any bonus.

In addition, the offer to SPFL season ticket holders expires at the same time, so if you have not already done so please fill in the form here: SPFL Partner Offers

As ever any questions or issues please get in touch via [email protected]

The Scotcoin Project CIC new ERC20 token is now ready for deployment

Scotcoin migration bonus period closing

I am pleased to say that as the Counterparty servers have now come back up in a stable manner, we have been able to migrate most of the people who were trapped in limbo. If you have not yet done so please send us your V2 coins as soon as possible.

PLEASE NOTE if you have already sent your V2 or even just sent us your migration form, you are safe for receiving the bonus. If you have already received your ERC20 SCOT, then you do not require to do anything more.

We will hold the bonus period open for a few more days BUT IT WILL CLOSE on 30th. NOVEMBER 2020

Thereafter, you will still be able to migrate from V2 to the new ERC20 SCOT, but without any bonus.

In addition, the offer that was made to SPFL season ticket holders will close on the same day.

Please note that all crypto coins are into an upswing with Bitcoin and Ethereum leading the charge.

Starting in the New Year we will be working towards listing on an exchange, and we will keep all stakeholders informed of progress.

The Scotcoin Project CIC new ERC20 token is now ready for deployment

Scotcoin migration to ERC20 SCOT

I am delighted to report that Counterparty and Freewallet are now running normally after a very large upgrade which has taken more than two weeks.

As a result, we have sent out the quantities of Bitcoin that were ordered to effect the migration to the receiving wallet.

Please now send your V2 Scotcoin to the receiving wallet.

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You will still qualify for the bonus as long as you have sent in your form. If you have any questions, please email me [email protected]

SPFL initiative

We will be closing this on November 30th, so if you have not applied yet, please do so as soon as possible. All SCOT will be sent after the closing date.

Microsoft Edge

For anyone who uses the Microsoft Edge web browser the Metamask plug in is now available on the Microsoft app store  https://microsoftedge.microsoft.com/addons/detail/metamask/ejbalbakoplchlghecdalmeeeajnimhm?hl=en-US&s=09

Scotcoin partners

If you have a service or product you would like to offer in exchange for Scotcoin, please get in touch. Bear in mind our focus is on the charity sector so anything that can help with that would be particularly welcome. If you have competition you are looking for prizes for, please get in touch.

Counterparty is back up

Counterparty is back up. You can now migrate your V2. We will be sending all BTC orders as soon as possible and as the exchanges will be very busy with new transactions, please just keep trying if you can’t succeed at first.

This is the word from Counterparty

This is the word from Counterparty – they are working on the problem of servers remaining down. The message is be patient, if you have got your form in you are covered to get the bonus.

The Scotcoin Project CIC new ERC20 token is now ready for deployment

If you have not yet been able to send your V2 SCOT to our receiving wallet, do not worry

If you have not yet been able to send your V2 SCOT to our receiving wallet, do not worry. As long as you have sent your registration form in by close of business 31st October 2020, you are covered and will receive the bonus.

The problem is, as some of you may have seen, that Bitcoin has been very active and what is called the Meme pool has become very congested. The situation will correct itself, but in the meantime, please be patient, make sure you have sent in your form and don’t worry – you are covered.

October update

Migration

I’m delighted to say that the migration to our new ERC20 SCOTCOIN is going well. Our exchange is updated and operational using our new coin and it is available for purchase. In addition, the website has been updated to reflect our new coin. PLEASE REMEMBER the bonus period ends on 31st October. Thereafter you will still be able to migrate should you wish to, but no additional bonus will be paid.

SO YOU ONLY HAVE 14 DAYS LEFT TO CLAIM THE BONUS!!

We continue to supply small amounts of Bitcoin for people who wish to migrate their existing V2 coins.

Our new market place is now open, where items can be purchased for SCOT. If you have items you would like to sell please get in touch with us at [email protected]. The market is available at https://market.scotcoinproject.com

Indiesquare wallet

An issue has been brought to our attention in respect of people holding V2 within Indiesquare wallets.

Support for Indiesquare ceased some time ago and people have had a problem where although they can access the wallet, their coin is not showing.

  • Go to a laptop or PC and, using Chrome, use this website: https://wallet.counterwallet.io/#
  • Type in your 12 word passphrase, one space between each word and all lower case. The wallet should then open and the V2 be accessible.
  • If anyone has further issues please contact us at [email protected]

Original Scotcoin = V1

If you were one of the people who lost out when the original migration to V2 took place, please get in touch. We are offering an ex gratia payment of   ERC20 SCOT to original V1 holders who missed out on that  migration and who we can verify.

Security offer

We have exciting collaborations with external hard wallet companies Trezor and Ledger Nano, as well as an ingenious password protector and store  called Cryptosteel. In all cases if you make a purchase through ourselves we will refund our 10% commission to you in our new ERC20 Scotcoin.

You can find out about the benefits of hard wallets  and the peace of mind the Cryptosteel system brings on our YouTube channel here

Scotcoin bug bounty program

In light of a recent disclosure, TSP has taken the decision to announce an initial pool of 1m (1,000,000) Scotcoin worth around ~£100k at the time of writing. Bugs will attract bounties on the usual sliding scale related to their severity with self XSS attacks at the bottom of the ladder whilst RCE’s with an attached proof of concept will naturally attract top tier rewards.

Please make any disclosures to [email protected] and we look forward to working with the community to create a safe, usable and practical crypto environment for Scotland and beyond.