Ubicoin (U) enables the creation of branded community tokens via a smart contract, that are given to members of an organisation in set amounts within set intervals, bound to certain rules.
As any community or individual can create tokens, U can eventually be made available universally.
Using the Bancor Protocol
- Individual communities create strong branded tokens via Bancor
- Organizations issue wallets to members and create tribes/group s (can also revoke memberships)
- "No debt" - no negative amounts can occur
- U is instantly usable
- Users of Group.Market can define which currencies their market runs under and U can be one of the choices of payment methods
Decentralized structure of different organisations and communities with own governance
Anna Blume
Arie Ben David
Marc Griffiths
Yann Levreau.
Branded tokens strengthen a community by gaining better understanding in which context the token is used