What is Unibright (UBT)?
Unibright (UBT) is an open-source cryptocurrency based on the Ethereum protocol. The Unibright platform offers enterprise blockchain solutions, develops integration platforms, and provides a whole ecosystem around digital assets. It aims to make it easy for businesses to adopt and utilize blockchain technology.
The company behind Unibright was founded in Germany in 2017. The mission of the project is to help companies integrate blockchain technologies into their businesses. The dedicated consulting branch of Unibright Solutions was launched in 2018. Other branches are Unibright Freequity, which offers tokenization services; Unibright Ventures, which is an investment firm; and Unibright ThinkTank, which converts ideas into businesses.
One of the main products offered by Unibright is the Unibright Framework, which is a set of tools and templates that help businesses design and implement blockchain-based solutions. The framework includes a range of pre-designed templates that can be customized to fit the specific needs of a business, as well as a visual designer tool for creating custom smart contracts. Users do not need coding skills to use the framework, deploy smart contracts, or extract information from the blockchain.
In addition to the Unibright Framework, the company offers a range of consulting and professional services to help businesses understand and effectively use blockchain technology. This includes support for business process mapping, technical design, and implementation of blockchain-based solutions.
The Unibright ecosystem operates at two levels of modeling to achieve blockchain integration: a software architectural level and an end-user-driven application level.
Besides, the project is developing the Baseline Protocol, which will connect traditional systems with each other through Ethereum Mainnet. The protocol will enable enterprises to collaborate effectively without leaving sensitive data on-chain.
Overall, Unibright has a strong focus on the enterprise market, and the company has partnerships with some large businesses and organizations. Some of the key industries that Unibright serves include logistics, supply chain management, finance, and healthcare.
Use Cases UBT Token
UBT is the native utility token fueling the Unibright ecosystem. The token is needed to pay for products and services on the platform. For example, UBT is used to pay for the deployment of smart contracts and a smart contract connection when using the Unibright Connector. Unibright crypto holders can also use their assets to pay for services and components provided by Frequity.
Care to see the live UBT price? Check out the Unibright price chart above.
Who Founded Unibright?
Marten Jung and Stefan Schmidt are the co-founders of Unibright. They have over 20 years of expertise in software development, process integration, and technology consulting.
Prior to joining UBT, Marten Jung was a member of INATBA and a key contributor to the Ethereum mainnet integration for enterprises working group EMINENT.
Stefan Schmidt was also a member of the Baseline-protocol.org technical steering committee. Besides, he headed the Enterprise Ethereum Alliance integration taskforce.
Tokenomics of Unibright
Unibright token has a maximum supply of 150 million UBT. The fixed supply shields the UBT price from the long-term undesirable inflation effect. The token distribution at launch is as follows:
- Public Sales – 67%
- Early Purchasers – 9%
- Cold Storage Liquidity Reserve – 12%
- Team – 6%
- Legal and token sale expenses – 6%
