- Anyone, when it goes to public sale and the current private sale.
- To participate in the current private sale contact us on +254755844017 or email us at firstname.lastname@example.org.
- After the sale completion, Ubricoin will be the standard payment for health services in the country and perhaps the world.
- It will also be used to participate in all Ubrica projects e.g sokojanja,com to purchase local products.
- Ubricoin will facilitate the creation of an incentive program to reward excellence in education, research and practice
- It will build financial incentives for traditionally marginalized hardworking people who contribute knowledge for the betterment of humanity
- It will grow at a rate of 1% every month. This will be hard coded in the smart contract.
- 1 UBN (Ubricoin) is equivalent to Ksh 50.
Ubricoin is an ERC20 token, built on Ethereum blockchain protocol. As an ERC20 token Ubricoin is a distributed application that operates as:
- A utility token in Ubrica ecosystem.
As a utility token, Ubricoin is not an equity instrument such as a share of common stock. A utility token gives you access to products and services. A Ubricoin represents future access to Ubrica ecosystem. There are two types of utility tokens:
- Digital coupons,
- Tokens that provide users with access to its decentralized forum (i.e., products on Soko Janja, health services acting as health insurance).
Ubrica will issue tokens for development of its projects and this allows the token holders to access different Ubrica products or services in future. Participants in the Ubrican community can buy the token and use them to access Ubrica services, products and produce. The main purpose is to get access to the Ubrica ecosystem, but not to gain profits or dividends. Token holders will be enrolled on Soko Janja at no cost and get medical services at a URCCs without paying cash. The main value of the token is access to Ubrica’s proof of stake protocol tokenization platform.
- The coins will be allocated as follows, 1 share will be allocated 800 coins. Someone holding 10 shares will receive 8000 coins.
- We are lucky Ubrica does not have whales. Nobody should own more than 50,000,001 million coins.
- The coin governance structure is decentralized, built on Ethereum protocol. Ethereum is a decentralized protocol, and open source. You can build on Ethereum protocol many decentralized applications (DApps). Ubricoin is a DApp.
- There are not legal barriers by Kenyan government, to implementation of Ubricoin. As explained earlier, Ubricoin is a utility token. Utility tokens are not regulated by any government. The U.S. Securities and Exchange Commission ruled last week that Ethereum is not an equity instrument. Ubricoin is built on Ethereum protocol as a utility token. Utility tokens are not regulated.
- Transactions are immutable. However, if you wanted your coins back, you can send an inverse transaction. For example, sending 5 Ubricoins from Account A to Account B has an inverse of sending 5 Ubricoins from Account B to Account A. So, what you do is to send the inverse transaction.
- Proof of work consumes a lot of energy resources. We do not have so much energy on developing countries to support proof of work protocols. Ubricoin on Ethereum protocol will rely on proof of stake. We will use proof of stake to generate incentives to support global health. We have built, on blockchain technology, a model that will overcome shortage of financing for health, which has been the thorniest issue in global health. Lack of funding for health in many countries of the world has led to increased burden of disease, years of life lost due to illness, very poor quality of life, and very low quality adjusted life years.
- We strive to create a health conscious community that rewards people who provide valuable contribution to knowledge in life science and health. Through a smart reward system, we will see a rise in emergence of new knowledge and solutions to most vexing issues in health. Ubricoin will reach a broad market for health production that will include billions of people in developing countries who have been excluded from health care and from financial systems.
- Ubricoin on blockchain for global health is extremely powerful as it will build financial incentives for traditionally marginalized hardworking people who contribute knowledge for the betterment of humanity. For the first time in history of mankind, hundreds of millions of people who contribute good deeds to mprovement of health related quality of life of human race will receive incentives for their good deeds.
- This smart reward system will unlock unprecedented amount of funds to support advancement in knowledge in general, and in lifescience and health production in the world, in particular. Good teachers who care deeply about their students, good researchers who contribute to new knowledge, and good practitioners who strive to provide greatest quality of service will receive financial incentives for their good deeds.
- Our crypto-currency program involves creating incentive programs to reward excellence in education, research and practice. We shall also reward the use of Ubricoin for financial transactions in everyday practice. Buying from local suppliers and manufacturers on Soko Janja will attract rewards. By doing so, quality of medical and health care will improve all over the world.