UBU

Active
Launched sale in 2017

Dual currency system for community development (UBU) and monetization (UBX).

It is injecting liquidity into the market to create more buyers, reducing inefficiencies and allowing sellers to achieve value for moribund assets.

https://www.projectubu.com/
Blockchain

- Ethereum
- (ERC20) UBX linked to UBU for nodes & network monetization

Social identity

E-wallet application on site

Social mining

- 100 UBUs per day
- Additional UBI through referrals and verification of information
- 1% daily dissipation rate, "use it or lose it"
- UBU scales citizens network and community development
- UBX is a tradable token for network monetization

Token economics

- Number of UBUs in circulation dependent on number of citizens
- UBUs mathematically linked to UBX ERC-20 tokens
- 5.00 USD (ICO price)

Governance

Community of citizens, vendors & treasury

Key people

Dudley Baylis
Justin McCarthy
Steven Sidley
Douglas Reed

Locations
South Africa
OpenUBI aware
No
Links
https://www.projectubu.com/pdf/ProjectUBU_WhitePaper.pdf
https://techcentral.co.za/project-ubu-launches-token-sale/77095/
Notes

- Impressive online presence
- 2 currencies (UBU & UBX)
- "Moribound assets" concept
- Liquidity injection