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 * Universal Basic Asset
 * Vision Statement
 * Roadmap
 * UBA Forum
 * FAQ

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 * Universal Basic Asset
 * Vision Statement
 * Roadmap
 * UBA Forum
 * FAQ

Universal Basic Asset
A new kind of initial capital accessible to everyone.
Mine from any device, no matter who you are and where you are from.
Get early access now
UBA is the initial capital for metaverse and future digital assets
- Built For the future
An asset protocol open to all metaverse systems.
- Acquire more assets
You can spend or invest your UBA in metaverse.
Designed for everyone
Asset of the future should belong to more than the top 1%.
A more equitable blockchain for financial innovations.
Mine now to trade or hold
Easier & more affordable
Start Easier
Start mining UBA with just a computer/phone.
Start Free
Build your asset with no initial invesment, stop risking thousands to enter the
market.
Built-in Fairness
Fair for all
10% of UBA outputs will be distributed to all miners equally. No matter who you
are, or how much computing power you have.
Transparent for all
Your wealth is protected by blockchain, fully transparent through blockchain
browser.
Start mining UBA for free
Fair for all
10% of UBA outputs will be distributed to all miners equally. No matter who you
are, or how much computing power you have.
Transparent for all
Your wealth is protected by blockchain, fully transparent through blockchain
browser.
Start mining UBA for free

Vision statement
This project is an experiment based on the UBA idea,
“https://www.iftf.org/fileadmin/user_upload/downloads/democracy/IFTF_UniversalBasicAssets_ManifestoActionPlan.pdf“
As the global pandemic continue to manifest its influence, growing wealth
inequality combined with advances in artificial intelligence and automation is
already de-stabilizing many societies.
But while the incomes we are paid are vital to the success and comfort of our
lives, economic returns have been going increasingly to investors rather than
wage earners. The real affliction today’s world is suffering from isn’t income
inequality: It’s asset inequality.
The system that worked relatively well under conditions of the past is poorly
suited to fulfill the needs of many in the future, if nothing changes, many of
us will feel increasingly left out by the economy.
We must experiment frameworks and prototype new approaches to building
participatory economies. We propose Universal Basic Assets as a framework for
achieving this.
The objective UBA is to build a basic asset so more people can participate in
asset innovations of the future. With new technologies, new realities of a
digitally interconnected world, and new advancements in the field of digital
finance, we have the tools to do so.
A number of characteristics are key in defining what UBA should look like:
1.The new assets are digital
We need a new solution that is suited to the realities of our digital economy.
Blockchain-based cryptocurrencies are encrypted, transferable and digitally
accessible. They are the first iteration of digital assets, representing
monetary or financial value.
We think new technologies in blockchain are excellent instruments to put
economic/financial ideas to the test with real-world prototypes.
2.Universally Accessible
UBA should be an asset built to work for everyone.
Acquiring it should be simple, not bounded borders, and independent of existing
Wall Street establishments, at the same time the system needs to prevent
duplicate accounts as much as possible.
The mining framework in the digital economies demonstrated that new assets can
be acquired via digital means, while meeting these requirements.
However, the mining model should be simpler more equitable in UBA.
Simpler:
Process should be as intuitive as possible. No prerequisite knowledge on
blockchain technology required.
More equitable:
In mining models those with larger computing power will almost always dominate
mining yields as the asset’s market value grows. A percentage of UBA should be
distributed independent of computing power and solely on the basis of
participation, to generate more equal opportunities in distribution.
3.Basic asset: a foundation to generate more assets
The mining model really showed how assets can be acquired via digital means
satisfying these requirements.
In addition, the mining model can a made simpler more equitable.
"the more assets you have, the more you can leverage them to generate more
assets(or income)"
A basic asset is the foundation one can leverage to generate more assets.
We have seen examples of how innovative assets are generated in the
Decentralized Finance movements since 2020.
Decentralized finance or Defi, is a digital form of finance that does not rely
on central financial intermediaries such as brokerages, exchanges, or banks to
offer traditional financial instruments. Defi lending/borrowing, yield farming,
NFTs have generated many innovative assets with growing monetary values.
With UBA as a basic asset, entities can create new decentralized assets for
different applications and audiences, such as Lending/borrowing and NFTs,
independent of Wall Street establishments.
Conclusion:
To sum up, UBA develops frameworks for thinking about asset inequality, to
design specific solutions that emerge from these frameworks, and then to put
them to the test with real-world prototypes.
In a world in which monetary rewards increasingly accrue to capital and not to
labor, UBA provides a new kind of basic capital.
Roadmap
Step1
Q3 2021
UBA Testnet online.
Mining optimization.
Q4 2021
Team bonus optimization.
Forum online.
Trading Test online.
Testnet user surpass 50,000.
Community building.
Step2
Q1 2022
Blockchain development complete.
Blockchain browser ready.
Capacity testing.
Q2 2022
UBA chain Mainnet officially launch.
Optimize block size& transaction speed.
Computing power mining online.
Trading function opens.
Step3
Q3 2022
Complete the establishment of UBA Foundation;
Launch of Swap exchange based on UBA main chain.
Step4
Q4 2022
Modify the consensus mechanism to pos+pow to effectively reduce energy
consumption.
Improve TPS and Launched Defi mining and NFT based on UBA blockchain.
Cross-chain interoperability with ETH Defi system.
Ambassador
Universal Basic Asset
We are a community committed to discussing and ultimately solving wealth
inequality. If you believe in our message and mission, consider expanding your
involvement beyond simply being an asset holder. We have multiple community
positions that reward those who do the most to help UBA grow.
01
Join the Beta
Get early access
Sign up to be a Beta user and get early access to UBA’s launch. You can help us
to test the signup process, report bugs, give feedback on the website, and in
return you’ll get an invitation to sign up before the public launch.
02
Become a UBA Ambassador
Get weekly bonuses in verified UBA
As a UBA ambassador you will provide valuable feedback as we continue to grow
our community. As a thank you for keeping up with what people are saying and
giving us constructive criticism, you’ll get rewarded in verified UBA every
week.
03
Lead a Community
Be the voice of UBA in your community
Our most impactful UBA ambassadors will be contacted by the UBA team and invited
to be community leaders. They will get to have an active role in shopping UBA’s
future and making sure we stay on track to complete our mission.
04
Become an ambassador
Send
FAQ
What is UBA?
In a world in which monetary rewards increasingly accrue to capital and not to
labor, UBA provides a new kind of basic capital.
It is a foundation to future decentralized finance applications, such as Defi,
NFTs, Borrowing/lending.
What is mining?
Equity mining: A percentage of all UBA yields will be distributed equally to all
participating miners, regardless of computing power.
Is UBA based on a web app?
Yes, UBA is designed to be accessible with a desktop/mobile browser.
How to team up in mining?
Teaming up with a friend, and you will gain 10% of each other’s mining yields,
on top of your own mining yields.
What is Quota?
1 Unit of UBA quota is required, to mine 1 unit of UBA.
How to get Quota?
Quota is free to get, by inviting friends to UBA. The amount of quota you get
for each invitation reduces over time.
If Quota runs out?
Mining would then be paused, until you have more quota.
How is Mining yields distributed
Initially, 10% would be allocated to equity mining, and the rest to computing
power miners. The presence of computing power miners is essential for the market
to price UBA.
What is cloud computing power?
If you would like to mine using computing power without a computer, cloud mining
provides this option.
Privacy Policy
This page informs you of our policies regarding the collection, use and
disclosure of personal information we receive from users of our site
(uba.finance). We use your personal information to better understand your usage
of the site, and to collect traffic statistics.
By using the site, you agree to the collection and use of information in
accordance with this policy.
1.Log Data
Like many site operators, we collect information that your browser sends
whenever you visit our site ("Log Data"). This Log Data may include information
such as your computer's Internet Protocol ("IP") address (with replaced last
byte), browser type, browser version, the pages of our site that you visit, the
time and date of your visit, the time spent on those pages and other statistics.
Cookies
Cookies are files with small amount of data, which may include an anonymous
unique identifier. Cookies are sent to your browser from a web site and stored
on your computer's hard drive. You can instruct your browser to refuse all
cookies or to indicate when a cookie is being sent. However, if you do not
accept cookies, you may not be able to use some portions of our site.
We use cookies for the following purposes:
To keep track of whether you have pressed the "OK" button on the cookie
disclaimer, so we don't bother you with the notification if you have.
Our Analytics software (Google Analytics) uses cookies to measure and better
understand user-interactions on our Site. You can read more about how Google
Analytics uses cookies here
Google Analytics:
We use a third-party JavaScript plug-in provided by Google called "Google
Analytics" to provide us with useful traffic statistics and to better understand
how you use our site. We do not have direct access to the information obtained
from Google Analytics, but Google provides us with a summary through their
dashboard.
We may share the information obtained from Google Analytics with business
partners who are interested in advertising on our website. The information
shared with these business partners will not contain any personally identifying
information (Google does not provide us with direct access to the data and
therefore we cannot see this information).
You can opt-out of having your information collected by Google Analytics by
downloading the Google Analytics opt-out browser add-on provided by Google. This
will prevent your information being used by Google Analytics. Doing this will
not affect your ability to use our Site in any way. You can download the opt-out
browser add-on here. We also honor the Do Not Track header and will not track
visitors who have Do Not Track switched on.
Changes to this Privacy Policy
We may update this privacy policy from time to time. We will notify you of any
changes by posting the new privacy policy on the Site. You are advised to review
this privacy policy periodically for any changes.
This Privacy Policy was last updated:28th April, 2022
Contact Us
If you have any questions about our privacy policy, or how your data is being
collected and processed, please e-mail privacy@uba.finance
Legal Disclaimer
Information published on uba.finance
The website uba.finance/ (hereinafter, referred to as the "Website") provides
information and material of a general nature. You are not authorized and nor
should you rely on the Website for legal advice, business advice, or advice of
any kind. You act at your own risk in reliance on the contents of the Website.
Should you make a decision to act or not act you should contact a licensed
attorney in the relevant jurisdiction in which you want or need help. In no way
are the owners of, or contributors to, the Website responsible for the actions,
decisions, or other behavior taken or not taken by you in reliance upon the
Website.
Translations
The Website may contain translations of the English version of the content
available on the Website. These translations are provided only as a convenience.
In the event of any conflict between the English language version and the
translated version, the English language version shall take precedence. If you
notice any inconsistency, please report them on GitHub
Risks related to the use of UBA
The Website will not be responsible for any losses, damages or claims arising
from events falling within the scope of the following five categories:
Mistakes made by the user of any UBA-related software or service, e.g.,
forgotten passwords, payments sent to wrong UBA addresses, and accidental
deletion of wallets.
Software problems of the Website and/or any UBA-related software or service,
e.g., corrupted wallet file, incorrectly constructed transactions, unsafe
cryptographic libraries, malware affecting the Website and/or any UBA-related
software or service.
Technical failures in the hardware of the user of any UBA-related software or
service, e.g., data loss due to a faulty or damaged storage device.
Security problems experienced by the user of any UBA-related software or
service, e.g., unauthorized access to users' wallets and/or accounts.
Actions or inactions of third parties and/or events experienced by third
parties, e.g., bankruptcy of service providers, information security attacks on
service providers, and fraud conducted by third parties.
Investment risks
The investment in UBA can lead to loss of money over short or even long periods.
The investors in UBA should expect prices to have large range fluctuations. The
information published on the Website cannot guarantee that the investors in UBA
would not lose money.
Compliance with tax obligations
The Website does not store, send or receive UBA. This is because UBA exist only
by virtue of the ownership record maintained in the UBA network. Any transfer of
title in UBA occurs within a decentralized UBA network, and not on the Website.
No warranties
The Website is provided on an "as is" basis without any warranties of any kind
regarding the Website and/or any content, data, materials and/or services
provided on the Website.
Investment risks
The investment in UBA can lead to loss of money over short or even long periods.
The investors in UBA should expect prices to have large range fluctuations. The
information published on the Website cannot guarantee that the investors in UBA
would not lose money.
Limitation of liability
Unless otherwise required by law, in no event shall the owners of, or
contributors to, the Website be liable for any damages of any kind, including,
but not limited to, loss of use, loss of profits, or loss of data arising out of
or in any way connected with the use of the Website.
Arbitration
The user of the Website agrees to arbitrate any dispute arising from or in
connection with the Website or this disclaimer, except for disputes related to
copyrights, logos, trademarks, trade names, trade secrets or patents.
Last amendment
This disclaimer was amended for the last time on 28th April, 2022.
Testnet
Testnet UBA will be 10:1 converted into main network UBA
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Universal Basic Asset
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