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UBEX Token
The Ubex team will generate an ERC-20 standard UBEX TOKEN (UBEX) via an Ethereum Smart Contract. Smart contracts for all token sales will undergo independent third party audits from credible companies before launch to ensure the security and integrity of the code.
UBEX token will act as a payment unit on the Ubex platform. The need fora token is based on the need to credit funds from advertisers’ accounts for the displays of advertising materials that they have bought. Basic cryptocurrencies do not allow crediting of funds from third party accounts even if one has permission from the third parties. The token allows for setting quotas (allowance) to a specific address within which the owner of the address can use the funds available on the account. Crediting is possible only on condition that the account holder has established the size of the quota and only from the address to which the quota is issued, otherwise the funds cannot be credited.
Token Detail
| Token Name | : | Ubex Token |
| Token Symbol | : | UBEX |
| Platform | : | Ethereum (ERC-20) |
| Price | : | 0.00001 ETH |
| Token Supply | : | 4,000,000,000 UBEX |
| Token for Sell | : | 2,880,000,000 UBEX |
| Softcap | : | 4,000 ETH |
| Hardcap | : | 28,800 ETH |
| Min. Invest | : | 0.01 ETH |
| Accepting | : | BTC, ETH, LTC |
| KYC | : | Yes |
| Token Sale - Start | : | 05/21/2018 at 14:00 GMT |
| Token Sale - End | : | 09/30/2018 at 14:00 GMT |
Token Allocation
Token Distribution
72% : Tokens will be allocated for the Token Sale and will be distributed to the Community.
15% : Tokens will be allocated for the Team and Advisors with a 12 month lock period.
10% : Tokens will be allocated for the Reserve and will gradually be used for project development, including transactions with partners.
3% : Tokens will be allocated for the Bounty Campaign as rewards for Bounty participants, as well as for marketing expenses, miscellaneous costs associated with the Token Sale, AirDrop campaign expenses, and Referral Program payouts.
Fund Allocation
30% : Product Development
Expenses for the development of the core of the exchange based on of neural networks, organization and maintenance of the infrastructure for collecting, processing and delivering visitor statistics between all platform micro services, developing applications for the advertiser and publisher.22% : Marketing & Partnerships
Expenses for attracting advertisers to the exchange, motivating publishers to participate in the project. Establishment of partnerships with data providers and other partners. Participation and holding of professional conferences. Support for the community of token holders and traders.18% : Business Development
Participation in professional associations, direct sales teams in key geographies. Development of regional pools of clients.14% : Management
Management of all business activities, hiring and maintaining of a world-class professional team. Relationships with crypto exchanges and support fees.10% : Operations
Development of a back-office to support operational activities, contracting, customer support and payment processing. This includes current costs for office space rent, telecommunications and other miscellaneous expenses.6% : Legal
Establishment of a legal structure of the company, legal documentation for potential changes in legislation related to cryptocurrencies, legal support of ongoing operational, marketing and business development activities.
Roadmap
Q4 2016
Creation of an advertising platform for promoting Payday Loans
Q1 2017
Development of integration tools to link marketing campaigns with publishers’ websites
Q3 2017
Introduction of an API interface for use by publishers to register advertising space
Q4 2017
Addition of new types of advertising tools and customization of widgets
Q1 2018
Introduction of advertiser auctions
April 2018
Development of the exchange smart contract prototype for the storage of basic information
May 2018
Launch of the desktop and mobile Alpha versions of the Advertiser application
August 2018
Launch of the desktop and mobile Alpha versions of the Publisher application
October 2018
Development of the system’s neural core prototype and initial training of the neural networks
November 2018
Introduction of smart contracts capable of storing neural network adjacent coefficients in the blockchain
December 2018
Introduction of an API prototype for sharing training data in exchange for rewards (data mining)
January 2019
Launch of the Beta versions of Advertiser and Publisher applications
March 2019
Release of the initial versions of operational applications and smart contracts
Team
More Detail :
Website : https://www.ubex.com
Telegram : https://t.me/UbexAI
Author
Payjoe93
ETH Address : 0x596D7084059fe41C237449584163045c3990308c
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