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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

4,000,000,000 UBEX

• 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

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More Detail :

Website : https://www.ubex.com
Telegram : https://t.me/UbexAI

Author

Payjoe93
ETH Address : 0x596D7084059fe41C237449584163045c3990308c