Recovery Fund Period Ended On July 2017

On February 26 2015, a recovery transaction for those people who lost their coins on Mintpal was made by FairCoop community. For that transaction all up to that moment untouched coins owned by former developers who had collected untouched drops, were used.

There was the possibility for owners of those unused coins to claim their coins untill the fork of FairCoin2 on July 18 2017.

The FairCoop general assembly decided, to cease the recovery fund of unused coins and use the fund to invest into further development of FairCoin. The decission was made on the basis of following reasons:

  • Coins from the airdrop were free, so the owners did not pay for them
  • There was more than a two years period to claim those coins
  • The coins were untouched and unused
  • Owners did not follow the FairCoin community, otherwise they would have noticed our call

 

You can read the whole history on bitcointalk forum.

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