UBANX

bellatrixe (0)(1)in #blockchain • 6 years ago

Bringing Blockchain to You

Ubanx aims to become the user-friendly, real-world connection to the crypto economy by bridging the gap between mainstream retail finance and crypto assets and opportunities.

There is a boom in new digital currencies and distributed ledger technologies. Available alternatives fail to capture the mainstream market because they don’t offer the real-life benefits and simplicity that customers seek.

The core values of Ubanx are shaped by its developers’ goals of helping the information flow and transparency of the crypto ecosystem from the customer’s perspective. Ubanx aims to release the proper tools for the onboarding and development of communities to the cryptocurrencies and digital finance era by providing education, applications, solutions and meeting points.

When a new technological breakthrough has a social impact, it shakes the status quo and a novel type of interaction among individuals flourishes. This new type of interaction tends to reach every vertical and industry, giving rise to a new paradigm.

In the last two years, blockchain has shown astonishing organic growth and has proven that it is ready to restructure some of the most critical components of our society for its evolution, turning existing infrastructures into greener pastures and creating new consumerbusiness opportunities.

About Ubanx

Ubanx is a blockchain-agnostic platform, and its initial release will be using Ethereum ERC-20 tokens known as BANX. The token issuance (”BANX Token Sale”) is developed, audited and secured by an external advisory company. The Ubanx Community will be powered by the BANX Token that will enable token holders (“Community Members”) not only to obtain real-life benefits from Ubanx and partners but to interact and exchange value with one another. In some cases Community Members will have to spend their BANX Tokens; but in many others, simply holding a certain quantity of BANX Tokens will entitle access to benefits. These include, for example, an exclusive Ubanx account and mobile app to operate cryptocurrency seamlessly, as well as access to our Ubanx Spaces (physical locations) to co-work and learn at the Ubanx Crypto School.

Even though that the token and cryptocurrency ecosystem is a global phenomenon, its interaction with the physical world is mostly local, especially in the conversion from awareness to usage. And physical establishment tend to be ideal for materializing this initial step for a snowball effect in developing self-sustain local crypto communities.That is why Ubanx plans to open its Spaces in key locations, where local communities can learn and discuss the latest developments in financial services and instruments. The Ubanx Spaces will help to reduce the knowledge gap between retail clients and sophisticated investors. This will be the most vivid example of the Ubanx relationship-based business model, based on building long-term relationships with customers.

In order to speed up the development of the Ubanx Community, Ubanx intends to use auctions to award Community Members the rights to operate Ubanx Spaces in exclusive geographic areas, called ZONEs. The bidding in those auctions will use BANX Tokens. Moreover, Community Members that provide outreaching services (like generating content) to the Ubanx Community will be acknowledged as Ubanx Ambassadors and will earn BANX Tokens as reward. Additionally, Community Members can also become Instructors at the Ubanx Crypto School and earn BANX Tokens in this way as well.

Ubanx mission is to be a bridge between the early and late majorities, allowing both to be part of it, through a strategy that includes both digital products and physical spaces operated either by Ubanx (Flagship) or by the community (Webanx).

Ubanx App (Design First)

Ubanx Blockchain Account

Third party exchanges and services, send and receive crypto currencies internationally
Fast and secure onboarding
State-of-the-art design

Crypto Marketplace

Buy crypto related products such as hardware wallets and mining equipment or access services from fintech and blockchain provided by third parties.

Power to the people

Users have a voice: Token holders, by forming part of Workgroups, will help dealing, discussing and proposing ideas around the Ubanx ecosystem, such as help to choose the next Ubanx Space opening location, including a service on the marketplace, or what color is better of the "Transfer" button in the app.

Token Issuance

Definition

Ubanx will distribute 1bn tokens in total. The Initial Token Sale will have a Private PreSale to distribute 35% of the token supply (the ”Pre-Sale Tokens”), with the Public Sale distributing an additional 25% (the ”Public Sale Tokens”). The remaining will be allocated according to the following table:

Only participants that register themselves will be able to buy BANX Tokens. On April 23, 2018 the Private Pre-Sale will go live, where the Price per Token will be 0.12 EUR for all Pre-Sale Tokens.

Purchasers in the Pre-Sale will received additional Tokens (”Bonus Tokens”) as follows:

Any purchaser buying will receive a number of Bonus Tokens equal to 20% of the purchased quantity.
Any purchaser (1) buying more than EUR 100,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 5% of Bonus Tokens.
Any purchaser (1) buying more than EUR 500,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 10% of Bonus Tokens.
Any purchaser (1) buying more than EUR 1,000,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 20% of Bonus Tokens.

The Private Pre-Sale will end on May 31 2018 or when the Presale Tokens have all been sold, taking into account the Bonus Tokens.

The Public Sale will commence one week after the conclusion of the Pre-Sale with the allocation of 25% of the tokens (the ”Public Sale”). And it will end on the first to occur of: (i) When the Public Sale Tokens have all been sold (taking account of the Bonus Tokens) or, (ii) a date that is at least 60 days after the start of the Public Sale.

This allocation will be done in tranches of 50M tokens and as the process moves to the subsequent tranches the token price rises.

Purchasers in the Public Sale will received Bonus Tokens as follows:

Any purchaser buying more than EUR 1,000 worth of Tokens in a single purchase will receive a number of Bonus Tokens equal to 10% of the purchased quantity.
Any purchaser buying more than EUR 10,000 worth of Tokens in a single purchase will receive a number of Bonus Tokens equal to 20% of the purchased quantity.
Any purchaser (1) buying more than EUR 100,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 5% of Bonus Tokens.
Any purchaser (1) buying more than EUR 500,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 10% of Bonus Tokens. - Any purchaser (1) buying more than EUR 1,000,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 20% of Bonus Tokens.

In Ubanx‘s Initial Token Sale only ETH will be accepted as purchase currency. And the exchange rate used to determine the EUR value of ETH used to purchase tokens will be set as follows:

The rate will be based on the daily rate from the site CryptoCompare.com.
The Token Sale Contract will be updated only if the percentage difference between the present day and the day before at 0.00 Singapore Time (GMT+8) is larger than 5%.
Once the rate is changed, the new rate will apply to all purchases until the next change.
The then-applicable rate will be displayed to purchasers at the time of purchase on the Ubanx User Panel.

As part of a bounty program, Ubanx will provide referral incentives (”Bounty and Incentivization
Supply”)7 to grow its community, creating the base for the upcoming positive network effects regarding the use of the Ubanx platform.

As seen in the Token Distribution table, the team and the advisor’s holdings are under a vesting procedure to avoid moral hazard behavior. The vesting follows the following schedule, where the Vesting Start Date will be the day after the Private Pre-Sale ends:

For so long as a team member or advisor continuously provides services to the Company (or any Subsidiary or Parent of the Company) as an employee, officer, director, contractor, consultant or advisor, these tokens will vest (that is, become exercisable) with respect to the tokens as follows: (a) prior to the first one (1) month anniversary of the Vesting Start Date this Option will not be vested or exercisable as to any of the Tokens; (b) these tokens will become vested and exercisable with respect to 1/12 th of the tokens on the one (1) month anniversary of the Vesting Start Date; and (c) thereafter, this Option will become vested and exercisable with respect to an additional 1/12 th of the tokens when Team Member or Advisor completes each month of continuous service following the first one (1) month anniversary of the Vesting Start Date.

Finally, the Ecosystem Support Supply (10% of the total token supply) will be used to grow the Ubanx ecosystem via partnerships with other companies.

Timeline

--
2013-2016

Ubanx Team started to spread the word on the capabilities of Bitcoin and Blockchain, in the academic space -as professors in top universities- and in TV as anchors in the "Fun and Finance" TV Show.
After closing a round with Silicon Valley Bank and Mastercard, Ubanx Team launched former app Productgram in the US, Productgram, praised by Time, Fox, CNN as one of the leading marketplace user experiences, which won the Global Innovator Mobile prize for the app.
Ubanx Team participated in the creation of the largest coworking spaces network in South America.
Secured Principal Member status with Mastercard and started developing the Mobile Wallet, Avanta.
Ubanx team, working at ApiBank, developed core technologies for a fully licensed bank and stock exchange.
Also started developing Bitsign: the blockchain as a service abstraction layer.

2017

Going public with the Ubanx value proposition.
Team gets interviewed at the Buenos Aires Stock Exchange on Bitcoin and Fintech.
Ubanx Core technology gets developed to support BANX token.
Ubanx onboards early investors, new partners and advisors.

2018

BANX Token Sale.
Ubanx Mobile App Launch.
First Flagship Ubanx Space location is secured.
First Ubanx Space franchise auction will begin.
BANX token will be listed.
Ubanx Crypto School will launch.

2019

Ubanx contributes to the vision on bringing cryptocurrencies and blockchain to the masses.
New Flagship Ubanx Spaces locations will be announced.
New Ubanx Spaces franchise locations will be auctioned.

FOR MORE INFORMATION PLEASE VISIT:

WEBSITE
ANN THREAD
WHITEPAPER
TWITTER
FACEBOOK
TELEGRAM

Author : Kelampok ijo
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