What is UBIX.Network (UBX)?
UBX is the native token of UBIX, which is a hybrid DAG and blockchain system that enables developers to create their own blockchains within a single network without the need for any intermediaries. Users can create their own blockchains without any payment requirement. The protocol is built with network security and stability in mind. The UBIX crypto project ensures that users don’t face any restrictions when creating blockchains.
Check out the UBIX price chart above to see the current UBX price.
The UBIX ecosystem consists of several elements that together contribute to the performance of the UBIX price in the market. These elements are Explorer, Ubikiri, UBIX Exchange, UBIX Depository, Ubistake, SilentNotary, and Launchpad.
Explorer is a service that allows users to see the transactions, block interconnections, and the way the transaction tree is built. Ubikiri super application is a UI that integrates all UBIX Network protocol services that are available to the user after a single registration.
UBIX Exchange is used for internal project tokens so that they can be traded automatically without a separate listing procedure. UBIX Depository allows users to package their UBIX tokens in different formats, such as the ERC-20 standard. Ubistake allows users to receive passive income through deposits. SilentNotary allows users to notarize any files. Lastly, Launchpad supports ICOs by issuing shares or tokens.
Who Founded UBIX?
The UBIX crypto project has a team of 17 members. Max Breus is the CEO with a history in physics and technology. Alexey Petrov is the CFO who has been passionate about financial innovation since 2003. Alexander Andreev has been the CTO and head developer since 2018.
Use Cases of UBX Tokens
UBX is the driving force of the UBIX protocol. The UBX price in the market is directly dependent on each of the different elements in the UBIX ecosystem. This UBIX crypto asset is primarily a mode of payment for transactions on the UBIX protocol. It is also a means of stability for the network. Besides, the UBIX token is especially important for master nodes who create blocks and receive rewards (also in UBX tokens).
Tokenomics of UBX
The max supply of UBIX coins is 1 trillion tokens. However, the initial total supply is 1 billion. The UBX token supply was distributed among the main fund, the development fund, the team fund, the witnesses support fund, and the stability fund. A reserve fund also exists to provide liquidity if needed. Each of these funds plays a role in the UBX price stability in the market.
