United Blockchain
Dollar Network
Dollar Network
Vision, 2023
- Simplified financial instruments create equal opportunities
- Social stability leads to prosperity
- Equal opportunities create social stability
UBD — aka United Blockchain Dollar, an algorithmic stablecoin pegged to the US dollar and also backed by BTC, ETH & stablecoins USDT and DAI, that form the Attractor Reserve.
Glossary
UBDN — utility token, which allows its owners to support the ecosystem, become Keepers and participate in Epochs to receive monthly rewards in UBD.
Keeper — UBDN holder of the required amount to participate in Epochs, and also the one who maintains the UBD Network infrastructure.
Epoch — a consecutive 30-day period in which UBDN holders, also known as Keepers, participate to generate rewards.
Round — a consecutive period that lasts while the market is absorbing 1 000 000 UBDN.
Era — a period that includes a certain number of rounds before the Halving occurs.
Halving — special process of reducing the required amount of UBDN for Keepers to participate in Epochs.
Attractor – an independent ecosystem that cannot be changed or reconfigured. Consists of three independently functioning elements: Sandbox 1, Treasury and Sandbox 2, which are on public display 24/7.
And most likely you are confident that the use of such mechanisms is extremely burdensome because it will require a lot of time and money, and is available only to those few who can still understand the huge arrays of complex professional information.
Therefore, the conclusion you make is extremely simple - all this is not for you, because you need to quickly make a large number of critical decisions that leave neither free time nor energy.
As a result, you direct a huge amount of resources to acquire funds, and often simply postpone the solution of safe placement, preservation, and passive multiplication.
The banking industry claims to be able to help solve this problem and offers many related offline products.
Therefore, the conclusion you make is extremely simple - all this is not for you, because you need to quickly make a large number of critical decisions that leave neither free time nor energy.
As a result, you direct a huge amount of resources to acquire funds, and often simply postpone the solution of safe placement, preservation, and passive multiplication.
The banking industry claims to be able to help solve this problem and offers many related offline products.
Abstract
You've heard of tools that help people manage their long-term wealth accumulation plans.
Trusts — are one of those instruments!
But if you want to become their client, then you need a lot of funds and time to go through a series of long-term procedures, and you must also be prepared to risk all your transferred funds and confidentiality.
Not mentioning the fact that it is often enough for banking companies to simply determine the level of your well-being and - if in their opinion it turns out to be insufficient - make a negative decision about you, without opening the door to the world of highly effective financial instruments.
United Blockchain Dollar Network (UBD Network) with its general goal of creating a convenient tool for asset management without restrictions for users, offers ease of use, security, and privacy for both you and your purposes through the digitization of trust products without restrictions of intermediaries.
Not mentioning the fact that it is often enough for banking companies to simply determine the level of your well-being and - if in their opinion it turns out to be insufficient - make a negative decision about you, without opening the door to the world of highly effective financial instruments.
United Blockchain Dollar Network (UBD Network) with its general goal of creating a convenient tool for asset management without restrictions for users, offers ease of use, security, and privacy for both you and your purposes through the digitization of trust products without restrictions of intermediaries.
United Blockchain Dollar Network (UBD Network) with its general goal of creating a convenient tool for asset management without restrictions for users, offers ease of use, security, and privacy for both you and your purposes through the digitization of trust products without restrictions of intermediaries.
Trusts are based on the legal norms of English law where the fundamental feature of the trust is the transfer of the owner's assets to the trust for management. The owner formally loses ownership and transfers it to a trust, but remains the beneficiary of the assets.
Trusts are used primarily by wealthy people. With the help of trusts, they effectively manage assets, including passing them on by inheritance to heirs avoiding taxes. So-called tax-free inheritance is one of the main reasons to use trusts.
An important feature of this market is that it is not public and there is no open data about it. Experts estimate the total amount of assets managed by trusts at trillions of dollars.
Trusts are used primarily by wealthy people. With the help of trusts, they effectively manage assets, including passing them on by inheritance to heirs avoiding taxes. So-called tax-free inheritance is one of the main reasons to use trusts.
An important feature of this market is that it is not public and there is no open data about it. Experts estimate the total amount of assets managed by trusts at trillions of dollars.
The main goal of UBD Network
Trust – one of the basic institutions for asset management, intended to preserve and multiply funds.
We understand that in such a large market, there are no convenient tools for accumulating, managing, and transferring funds to heirs, and in this, we see the need to introduce technology.
That is why we provide an opportunity to create trusts for those who know and understand what blockchain is and also want to grow with it, including those with horizons of a couple of decades.
That is why we provide an opportunity to create trusts for those who know and understand what blockchain is and also want to grow with it, including those with horizons of a couple of decades.
Our Challenge
We crave to build decentralized trusts for asset management since today's trusts exist with some limitations and complexities.
We are keen to upgrade this financial instrument, using blockchain technology, and allow its users not to be attached to any jurisdiction!
The UBD Network's keystone is to provide users with transparent asset management tools, since as we have already mentioned above, UBD Network is about the storage, multiplication, and inheritance of digital assets due to technological solutions for the creation of decentralized Trusts.
But before starting a conversation regarding Trusts, we would love to provide you with some comparisons.
We are keen to upgrade this financial instrument, using blockchain technology, and allow its users not to be attached to any jurisdiction!
The UBD Network's keystone is to provide users with transparent asset management tools, since as we have already mentioned above, UBD Network is about the storage, multiplication, and inheritance of digital assets due to technological solutions for the creation of decentralized Trusts.
But before starting a conversation regarding Trusts, we would love to provide you with some comparisons.
List of things you face while creating your trust
- Proof of origin of capital
- Investment background check
- The process takes 2 to 6 months
- Complex trust structures
- Lots of conditions
- The need to select a protector
- Selecting specific functionality
- Complex compliance
- At least $50,000 as a starting fee
Classic trust
- Transparent rules for capital multiplying
- Constructor for creating a trust scenario
- Up to 15 minutes to create your trust without checks and verifications
- Create trust without time limitations
- Asset accumulation and receipt according to the conditions created by the user
- The cost of creating trust is 500 UBD
UBD Network trust
Things you face altering your trust conditions
- Commission for conditions editing equals $25,000
- 2 to 6 months to alter your trust conditions
- Passing inspections and providing confirmations regarding your current status
- Verification of the origin of funds you have initially deposited to your trust
Classic trust
- The cost of altering trust conditions is 500 UBD
- Up to 15 minutes to alter your trust conditions without checks and verifications
UBD Network trust
Things you face altering your trust conditions
- Creation of trust (assets structuring + receipt of rewards from various sources) equals $50,000
- Altering terms of trust starts from $25,000 or a new trust creation
- Maintenance fee (yearly) - from $6,000
- High success fees of up to 20% of gained capital are fees of the management company
Classic trust
- Trust creation fees 500 UBD (equals $500)
- Maintenance monthly fee of 20 UBD (equals $20)
UBD Network trust
Risks every Trust creator is facing
- Public disclosure of private information
- Government recognition of the founder of the trust as its sole beneficiary cancels all the benefits of trust creation
- Deprivation of all funds after tax audits
- Denial of inheritance
- Providing false information to heirs and/or the owner of funds
- Protection of the interests of beneficiaries is provided only by the government court
- Human / Political and other risk factors
Classic trust
- Loss of seed phrase and awaiting for transfer period
UBD Network trust
– The existing structure of creating and managing trusts is outdated and it needs to update the technological infrastructure;
– Prices for trust creation and operation are so high that not everyone can afford them;
– The jurisdictions in which trusts are created, tighten the regulation of trusts, which creates problems for their beneficiaries.
– Prices for trust creation and operation are so high that not everyone can afford them;
– The jurisdictions in which trusts are created, tighten the regulation of trusts, which creates problems for their beneficiaries.
Current opportunities for technology adoption
Due to all the above information, we see our goal in creating a completely new type of trust as a confidential and transparent tool for digital asset management
United Blockchain Dollar Network brings new opportunities to the market by creating an innovative digital blockchain infrastructure for asset management.
The UBDN token serves various purposes:
Token
Payments. In this group of interactions, the coin serves as a medium of exchange: transferring value from one stakeholder to another, in proportion to the mutually agreed upon valuation of their exchange. Payments may include fees for creating the trust, changing the terms of the trust, and fees for commissions.
The UBD Network
Trust System
Trust System
– is a system of interacting smart contracts that allows users to create digital trusts to manage funds with completely different scenarios that users choose.
To ensure monthly profitability! The assets that are in the created trusts can be placed on intra-trust staking, which brings monthly returns so the trust creators do not lose time and rewards.
Why do we need Trusts on UBD Network?
To protect ourselves from losing access to own funds! If the user is worried that keys to access own funds can be forgotten or lost, he may simply set up a Trust with special conditions that will prevent any dismay regarding his funds.
To protect our heirs from irresponsible spending! If you are concerned that your heirs won’t manage your assets responsibly, then you may simply set up conditions for your trust, according to which your heirs won’t have access to your funds but only get payouts according to your conditions.
To anticipate family conflict between heirs! If you are concerned about family infighting over the distribution of assets, you can make provisions in your Trust contract to avoid such conflicts.
To have no worries that you can’t bring changes to your Trust conditions! Users can alter existing Trust as many times as they want or create a new Trust contract.
To have no worries about deprivation or political, and judicial risks! UBD Network is a smart contract that has no jurisdiction. Users are not threatened by information disclosure, inheritance denial, or any other human and political factors. But since the territory in which you as a user reside or are a citizen of a country may set rules for the usage of digital products, you further agree to comply with any applicable laws and regulations when using UBD Network. This includes any local, provincial, state, federal, national, or international laws that may apply to you.
To help the organizations you support! If you share the values of any organizations you follow, you can create a charitable Trust with or without rewards, so the funds will be sent monthly or quarterly, or in any other period that you determine yourself, to selected organizations. This feature is also available when creating a Trust, namely, in the Trust Contract Builder, where you can determine what percentage of your staking or deposit payments you want to send to such organizations on a recurring basis.
These are just some of the ways you can use UBD Network!
UBD Network Web does not transfer any personal or impersonal data to anyone nor local, state, federal, and/or international authorities because UBD Network does not track users or their usage!
UBD Network Web does not transfer any personal or impersonal data to anyone nor local, state, federal, and/or international authorities because UBD Network does not track users or their usage!
UBD Network is a protocol that acts according to the scenario and conditions users set up.
UBD Network
Trust System
Trust System
We need you to understand that earning money is an important and integral element of human life, but ensuring the safety of funds is an equally important component.
UBD Network was created not just to provide rewards, but also to ensure the safety of funds through the Trust System, which is managed by smart contracts on absolutely transparent rules without any intermediaries.
The United Blockchain Dollar, as the main element of the system, that provides its owner with access to the UBD Network Trust system!
The United Blockchain Dollar, as the main element of the system, that provides its owner with access to the UBD Network Trust system!
UBD Network is a United Blockchain Dollar Network smart contract system featuring support for trust contracts ("TrustCon") that can act as a UBD Network operating system ("UBDNetOS") user environment as it supports an end-to-end decentralization (E2ED) framework.
How does the
UBD Network work?
UBD Network work?
In order to ensure the functioning of the ecosystem and interaction with it, the United Blockchain Dollar or UBD was created - an algorithmic stablecoin that is pegged to the US Dollar and is also backed by BTC, ETH, and other stablecoins such as USDT and DAI, which are stored in the UBD Network Attractor.
The second fundamental element of the system is the UBDN token, which allows its owners to support the ecosystem and guarantees monthly rewards in UBD.
One of the stages in the development of the UBD Network ecosystem is the creation of its infrastructure, namely the UBD Network blockchain, based on the Proof of Stake (PoS) consensus for the whole system to work.
Anyone can become a Keeper and receive UBD for their contribution to the support and security of the UBD Network.
At the early development stage, UBD Network will be based on the Ethereum ecosystem, and the Keepers will receive rewards without the need to provide their own computing power and process transactions on their infrastructure.
To receive monthly payments, both before and after the launch of UBD Network’s blockchain, the Keepers must participate in the Epochs.
To receive monthly payments, both before and after the launch of UBD Network’s blockchain, the Keepers must participate in the Epochs.
Epoch is a consecutive 30-day period in which UBDN holders, also known as Keepers participate to generate rewards.
Thus, Keepers need to keep their UBDNs in their wallet during the current Epoch and not move them during the entire Epoch period, namely 30 (thirty) days, to receive payments for the current Epoch.
The minimum amount of UBDN to participate in Epoch is to be altered by Halving and starts with 1024 UBDN.
It is crucial to store at least 1024 UBDNs in the wallet and not move them from the start until the end of the Epoch!
The amount of UBDN the Keeper needs to participate in an Epoch is getting halved every time Halving occurs.
The minimum amount of UBDN to participate in Epoch is to be altered by Halving and starts with 1024 UBDN.
It is crucial to store at least 1024 UBDNs in the wallet and not move them from the start until the end of the Epoch!
The amount of UBDN the Keeper needs to participate in an Epoch is getting halved every time Halving occurs.
Round – is a consecutive period that lasts while the market is absorbing 1 000 000 UBDN. The number of rounds is limited by demand. Every new Round UBDN is increasing in price by 1 USD.
Halving – special process of reducing the required amount of UBDN for Keepers to participate in Epochs. UBDN Halving will occur only on 2, 4th, 8th, 16th, 32th, 64th, 128th, 256th, 512th and 1024th Rounds.
Era – is a period that includes a certain number of rounds before the Halving occurs.
Era lasts until every Halving because after each Halving UBD Network faces a new Era of which there are only 11.
UBDN amount to participate in Epochs is reduced only upon reaching the represented Eras and Rounds
UBDN amount to participate in Epochs is reduced only upon reaching the represented Eras and Rounds
The minimum balance of UBDN on the wallet required to participate in the starting Epoch is 1024 UBDN.
How is the rewards distributed at the end of Epoch?
UBD Network profit during the Epoch / 2
Example
UBD Network has generated 100,000 UBD profit during the Epoch. 50,000 UBD goes to Keepers. There are 50 UBDN token holders, and only 30 of them have participated in the current epoch.
So 50,000 UBD is to be distributed among these wallets. In total, there are 3.546.550 tokens in 30 wallets. 50000 / 3546550 = 0.01409821 for each token. If there are 25791 tokens on the wallet, the Keeper receives $363.606886 for the Epoch that has passed.
UBD Network has generated 100,000 UBD profit during the Epoch. 50,000 UBD goes to Keepers. There are 50 UBDN token holders, and only 30 of them have participated in the current epoch.
So 50,000 UBD is to be distributed among these wallets. In total, there are 3.546.550 tokens in 30 wallets. 50000 / 3546550 = 0.01409821 for each token. If there are 25791 tokens on the wallet, the Keeper receives $363.606886 for the Epoch that has passed.
the amount of UBDNs that have participated in the current Epoch
Calculation Formula
How to become a Keeper after the network is launched?
The Trust system requires daily maintenance, so since the transition of the UBD Network to its own network, the Keepers who are willing to participate in Epochs beside keeping a certain amount of UBDN on wallets, would also need high-performance equipment in a highly-available network.
The open-source software will be available to anyone who wants to become a Keeper and contribute to the security of UBD Network.
50% of the cost of Trust maintenance and transaction fees will be distributed among the group of Keepers who ensured the smooth operation of the equipment for 99.9% of the time of the Epoch.
Those Keepers who have ensured the uninterrupted operation of the equipment for less than 99% of the time during the Epoch are not getting rewarded.
If the Keeper ensured the uninterrupted operation of his equipment throughout the entire period of the Epoch but has moved his UBDN, then his rewards get canceled as a penalty. Keepers verify user transactions and if all Keepers reach a consensus that the transaction is valid, then it is getting included in the UBD Network blockchain.
All technical requirements will be announced before the launch of the UBD Network blockchain.
The open-source software will be available to anyone who wants to become a Keeper and contribute to the security of UBD Network.
50% of the cost of Trust maintenance and transaction fees will be distributed among the group of Keepers who ensured the smooth operation of the equipment for 99.9% of the time of the Epoch.
Those Keepers who have ensured the uninterrupted operation of the equipment for less than 99% of the time during the Epoch are not getting rewarded.
If the Keeper ensured the uninterrupted operation of his equipment throughout the entire period of the Epoch but has moved his UBDN, then his rewards get canceled as a penalty. Keepers verify user transactions and if all Keepers reach a consensus that the transaction is valid, then it is getting included in the UBD Network blockchain.
All technical requirements will be announced before the launch of the UBD Network blockchain.
UBD Network ecosystem has staking!
You already know that the United Blockchain Dollar (UBD) is an algorithmic stablecoin pegged to the US dollar, and is also backed by BTC, ETH, and stablecoins, namely USDT and DAI, which are stored in the Attractor.
It should be noted that UBD is the world’s first decentralized stablecoin with its own staking.
It is quite difficult to understand where different organizations get funds from to pay rewards to users, and given last year's crises caused by the human factors involved in the management of such companies, it is getting clear that all these risks are too high to continue entrusting the management of funds to these types of platforms.
That is why the United Blockchain Dollar offers transparent staking conditions, which are controlled by a fixed blockchain algorithm that cannot be changed because the staking system is not controlled by any person who depends on mood, weather, someone, or something, but decentralized algorithm.
Creating your stake is as easy as getting monthly payouts from the automatic reward system, also UBD is available to anyone without restrictions.
The United Blockchain Dollar does not require any minimum amount to create your stake, you can start with as little as 1 UBD, it also does not require any lock-up periods, which simply means that users won't have to worry about whether they will be able to withdraw their funds ahead of time without penalty.
The user simply keeps UBD at stake and the longer they are kept there, the higher the interest rate and the yield.
The interest rate is always tied to the period the user holds funds at the stake and the amount that he deposited.
So make sure you accumulate not only UBD but also the holding time of your funds to increase your APY.
You have the right to unstake your UBDs at any time and receive the earned funds, but in this case, you lose the time that was supporting your interest rate and the rate itself.
Another thing that makes our users happy is the compound interest, which simply helps to multiply funds, and this is without taking into account the fact that staking with UBD can bring up to 10.5% APY.
It should be noted that UBD is the world’s first decentralized stablecoin with its own staking.
It is quite difficult to understand where different organizations get funds from to pay rewards to users, and given last year's crises caused by the human factors involved in the management of such companies, it is getting clear that all these risks are too high to continue entrusting the management of funds to these types of platforms.
That is why the United Blockchain Dollar offers transparent staking conditions, which are controlled by a fixed blockchain algorithm that cannot be changed because the staking system is not controlled by any person who depends on mood, weather, someone, or something, but decentralized algorithm.
Creating your stake is as easy as getting monthly payouts from the automatic reward system, also UBD is available to anyone without restrictions.
The United Blockchain Dollar does not require any minimum amount to create your stake, you can start with as little as 1 UBD, it also does not require any lock-up periods, which simply means that users won't have to worry about whether they will be able to withdraw their funds ahead of time without penalty.
The user simply keeps UBD at stake and the longer they are kept there, the higher the interest rate and the yield.
The interest rate is always tied to the period the user holds funds at the stake and the amount that he deposited.
So make sure you accumulate not only UBD but also the holding time of your funds to increase your APY.
You have the right to unstake your UBDs at any time and receive the earned funds, but in this case, you lose the time that was supporting your interest rate and the rate itself.
Another thing that makes our users happy is the compound interest, which simply helps to multiply funds, and this is without taking into account the fact that staking with UBD can bring up to 10.5% APY.
UBD Staking Reward System
For example
Peter stakes 10, 000 UBD and does not touch it for a year. In a year he gets the 6,25% rate. Peter wants to increase his staking rate, in this case, he adds 90, 000 UBD and gets a 6,75% rate for his stake. He was not touching his funds for four more years, this helped him to receive a 7,5% rate on his funds.
After 5 years of staking his funds, he decides to withdraw some funds or all of them. In this case, he takes the amount he needs without any losses, profit only. The only thing he lost is the time period that was responsible for his percentage rate. The next time he needs to start his stake from the bottom.
Before staking, it is important to learn all the staking conditions and rules!
Peter stakes 10, 000 UBD and does not touch it for a year. In a year he gets the 6,25% rate. Peter wants to increase his staking rate, in this case, he adds 90, 000 UBD and gets a 6,75% rate for his stake. He was not touching his funds for four more years, this helped him to receive a 7,5% rate on his funds.
After 5 years of staking his funds, he decides to withdraw some funds or all of them. In this case, he takes the amount he needs without any losses, profit only. The only thing he lost is the time period that was responsible for his percentage rate. The next time he needs to start his stake from the bottom.
Before staking, it is important to learn all the staking conditions and rules!
Bugs in smart contracts, security vulnerabilities, various kinds of defects, and shortcomings in solutions that offer profitability for owners of crypto assets have been easy prey during the last couple of years for computer geniuses who do not want to play by the rules.
How to store UBD and UBDN?
By the end of 2022, about $3 billion had been stolen by hackers.
Malicious attacks remain a big blockchain problem that spills over from year to year, the only thing that changes is the direction the hackers take.
As the analytical data shows, until 2020, centralized exchanges were the main target of hackers.
However, over time, hackers switched to DeFi, as a result, in 2022, almost all attacks were directed at decentralized finance, where, for example, they illegally received $ 1.92 billion from cross-chain bridge hacks, which is 64% of all stolen funds of that year.
That is why UBD Network sees high risks in transferring digital assets to third-party services, even generally recognized ones, that guarantee profitability, and also encourage you to keep your funds only with yourself, no matter how sweet the offers of profitability are after you move your funds from your wallet.
We understand that Bitcoin or any other asset that you have won’t give you rewards sitting idle in your wallet, it can only grow in price, and at the same time, while the market is full of offers that crave your assets to make money themselves and earn some for you, however, majority of us do not often realize that behind the rewards opportunity in such offers is the risk of losing funds, even if the offer comes from serious companies.
As the analytical data shows, until 2020, centralized exchanges were the main target of hackers.
However, over time, hackers switched to DeFi, as a result, in 2022, almost all attacks were directed at decentralized finance, where, for example, they illegally received $ 1.92 billion from cross-chain bridge hacks, which is 64% of all stolen funds of that year.
That is why UBD Network sees high risks in transferring digital assets to third-party services, even generally recognized ones, that guarantee profitability, and also encourage you to keep your funds only with yourself, no matter how sweet the offers of profitability are after you move your funds from your wallet.
We understand that Bitcoin or any other asset that you have won’t give you rewards sitting idle in your wallet, it can only grow in price, and at the same time, while the market is full of offers that crave your assets to make money themselves and earn some for you, however, majority of us do not often realize that behind the rewards opportunity in such offers is the risk of losing funds, even if the offer comes from serious companies.
Therefore, for our users we have implemented one of the main UBD Network rules - Hold and Gain, according to which the user should always keep his assets in the wallet and never transfer them to anyone, and our special UBD Network Algorithm monitors whether the funds have been moving or not.
This simplifies usability for users and significantly increases the level of security of funds, reducing the risk of possible attacks many times over.
This simplifies usability for users and significantly increases the level of security of funds, reducing the risk of possible attacks many times over.
After the market experienced several strong blows, one of the ideas that the crypto community has raised was the Proof-of-Reserves concept.
The proof-of-reserves concept was introduced to assure users that a particular custodian is holding clients' funds in full.
What is really interesting is that centralized organizations were the first who started to talk about the Proof-of-Reserves concept as a unique solution that solves all problems and prevents future crises, although at the same time, the same centralized companies indicate the funds they issue themselves, wrap, and manage – as their reserve instruments, and this is not even mentioning the fact that human factors are involved into the management of this concept at their companies.
Everyone is well aware of the level of problems that this kind of situation can lead to, and until new cracks showed up on the market face, UBD Network offers the real tool that eliminates not only the human factor but also the concept of “fake reserves”.
The proof-of-reserves concept was introduced to assure users that a particular custodian is holding clients' funds in full.
What is really interesting is that centralized organizations were the first who started to talk about the Proof-of-Reserves concept as a unique solution that solves all problems and prevents future crises, although at the same time, the same centralized companies indicate the funds they issue themselves, wrap, and manage – as their reserve instruments, and this is not even mentioning the fact that human factors are involved into the management of this concept at their companies.
Everyone is well aware of the level of problems that this kind of situation can lead to, and until new cracks showed up on the market face, UBD Network offers the real tool that eliminates not only the human factor but also the concept of “fake reserves”.
Attractor & Real
Proof-of -Reserves Model
Proof-of -Reserves Model
The Attractor of UBD Network is unique & independent of any external factors ecosystem that cannot be changed or reconfigured, and also includes three independently functioning elements: the Sandbox 1, the Treasury, and the Sandbox 2.
- UBD issuance after accepting the same amount of USDT
- Granting 1% of its funds (USDT) for a daily purchase of ETH & BTC
- Delivering daily purchases to the Treasury
- UBD/USDT interchange
- Burning UBD after USDT withdrawal
Sandbox 1 is responsible for
- Accepting and keeping the amount of ETH & BTC in a 50/50 equivalent
- Granting 1/3 of its funds to purchase DAI, once Backing Reserve and the amount of issued UBD reaches the ratio of 3:1
- Delivering the purchased DAI to the Sandbox 2
- Selling ETH & BTC to refill Sandbox 1 in case there are not enough funds to provide UBD to USDT exchange
Treasury is
responsible for
responsible for
- Accepting and keeping DAI
- Granting 1% of its funds for a daily purchase of ETH & BTC, once Backing Reserve and the amount of issued UBD reaches the ratio of 0,5:1
- Delivering daily purchases to the Treasury
- Stops granting 1% of its funds for a daily purchase of ETH & BTC, once Backing Reserve and the amount of issued UBD reaches the ratio of 1:1
Sandbox 2 is responsible for
Eventually, the amount of funds in the Sandbox 1 and the Treasury tend to be equal to or exceed the amount of issued UBD, while Sandbox 2 serves as a stabilization fund, which enters into work only when it is necessary to align the ratio.
Such system makes it possible to implement the real proof-of-reserves mechanism since its goal is to have the real backing for UBD and tend to 1:1 pegging, which the community truly deserves since the main feature of the UBD Network Attractor is its transparency for everyone so users see live changes that are happening both in the blockchain and in the chart 24/7 without any limitations.
Such system makes it possible to implement the real proof-of-reserves mechanism since its goal is to have the real backing for UBD and tend to 1:1 pegging, which the community truly deserves since the main feature of the UBD Network Attractor is its transparency for everyone so users see live changes that are happening both in the blockchain and in the chart 24/7 without any limitations.
Why so? Because
Summary
UBD Network is a multifunctioning system that covers all the needs of today’s market through the elimination of all threats that have created and keep on creating crises that shake the whole industry.
- United Blockchain Dollar is an algorithmic stable coin that is pegged to the United States Dollar, is backed with Bitcoin, Ethereum & some stables;
— UBD Network offers clear and transparent staking conditions which are available to any person without limitations, and does not require any minimum amount to start or any lock-up periods, still giving up to 10,5% APY while everything is managed by fixed and transparent algorithm;
— The Attractor is a unique ecosystem that is independent of any external factors, it cannot be changed or reconfigured, and also includes three independently functioning elements: the Sandbox 1, the Treasury, and the Sandbox 2 which are transparent and available for everyone so users see live changes that are happening both in the blockchain and the chart 24/7 without any limitations;
— UBD Network uses the Proof of Stake (PoS) consensus model to provide the operation of the system since it requires everyday maintenance such as trusts & transactions validation and for this rewarding UBD Network Validators with a fixed monthly rewards of 50% of the UBD Network rewards that comes from Trust maintenance fees & Transaction validation for the contribution to UBD Network security;
— UBD Network is created to provide security to users’ funds through the Trust System – the system of interacting smart contracts that allow users to create digital Trusts for managing their funds with completely different scenarios they can create or alter as much as they need by themselves on absolutely clear and transparent rules without any middleman so their crypto is not getting lost.
— UBD Network is created to provide security to users’ funds through the Trust System – the system of interacting smart contracts that allow users to create digital Trusts for managing their funds with completely different scenarios they can create or alter as much as they need by themselves on absolutely clear and transparent rules without any middleman so their crypto is not getting lost.
We do understand that UBD Network is a multi-faceted system and it has more than a dozen reasons for its usage to tackle such issues as: human factors involvement, fake proof-of-reserves, lost funds, etc.
This is why we would love everyone to realize that since its first day, UBD Network has stood for decentralization where all threats to digital asset owners are excluded.
This is why we would love everyone to realize that since its first day, UBD Network has stood for decentralization where all threats to digital asset owners are excluded.
Our Roadmap
Please read the entirety of this “disclaimer” section carefully.
Nothing herein constitutes legal, financial, business, or tax advice and you should consult your own legal, financial, tax, or other professional advisors before engaging in any activity in connection herewith.
Nor UBD Network, nor any service provider shall be liable for any kind of direct or indirect damage or loss whatsoever that you may suffer in connection with accessing this whitepaper, the website at www.ubdn.com, or any other websites or materials published by UBD Network.
Project purpose: All contributions will be applied towards advancing, promoting the research, design, and development of, and advocacy for community-driven innovation to benefit people around the world, focusing on the UBD Network protocol.
The UBD Network team and their respective affiliates would develop, manage and operate the UBD Network Platform.
Nature of the Whitepaper: The Whitepaper and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise).
The information herein may not be exhaustive and does not imply any elements of a contractual relationship.
There is no assurance as to the accuracy or completeness of such information and no representation, warranty, or undertaking is or purported to be provided as to the accuracy or completeness of such information.
Where the Whitepaper or the Website includes information that has been obtained from third- party sources, the UBD Network and their respective affiliates have not independently verified the accuracy or completion of such information.
Further, you acknowledge that circumstances may change and that the Whitepaper or the Website may become outdated as a result; and neither the UBD Network is under any obligation to update or correct this document in connection therewith.
Token Documentation: Nothing in the Whitepaper or the Website constitutes an offer by the UBD Network team to sell any UBD Network token (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision.
Nothing contained in the Whitepaper or the Website is or may be relied upon as a promise, representation, or undertaking as to the future performance of the UBD Network Platform.
The information set out in the Whitepaper and the Website is for community discussion only and is not legally binding.
No person is bound to enter into any contract or binding legal commitment about the acquisition of the UBD Network token, and no virtual currency or another form of payment is to be accepted based on the Whitepaper or the Website.
The agreement for sale and purchase of UBD Network token and/or continued holding of UBD Network token shall be governed by a separate set of Terms and Conditions or Token
Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of UBD Network token (the Terms and Conditions), which shall be separately provided to you or made available on the Website.
The Terms and Conditions Documentation must be read together with the Whitepaper.
In the event of any inconsistencies between the Terms and Conditions and the Whitepaper or the Website, the Terms and Conditions shall prevail.
Deemed Representations and Warranties: By accessing the Whitepaper or the Website (or any part thereof), you shall be deemed to represent and warrant to the UBD Network, and their respective affiliates, as follows:
The UBD Network team does not purport to make and hereby disclaims, all representations, warranties, or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Whitepaper or the Website, or any other materials published by the UBD Network). To the maximum extent permitted by law, the UBD Network, not be liable for any indirect, special, incidental, consequential, or other losses of any kind, in tort, contract, or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, rewards or profits, and loss of use or data) arising from the use of the Whitepaper or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same.
Prospective purchasers of UBD Network tokens should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the UBD Network token sale, and the UBD Network team.
Token features: The native digital cryptographically-secured utility token of the UBD Network Platform (UBD/UBDN tokens) is a transferable representation of attributed functions specified in the protocol/code of the UBD Network Platform, designed to play a major role in the functioning of the UBD Network ecosystem, and intended to be used solely as the primary utility token on the platform.
UBD Network tokens are non-refundable functional utility tokens that will be used as the medium of exchange between participants on the UBD Network Platform.
The goal of introducing the UBD Network token is to provide a convenient and secure mode of work within the ecosystem on the UBD Network.
UBD Network tokens do not in any way represent any shareholding, participation, right, title, or interest in the UBD Network, their respective affiliates, or any other company, enterprise, or undertaking, nor will UBD Network tokens entitle token holders to any promise of fees, dividends, revenue, profits or investment returns. UBD Network tokens may only be used on the UBD Network Platform, and ownership of UBD Network tokens carries no rights, express or implied, other than the right to use UBD Network tokens as a means to enable usage of and interaction within the UBD Network Platform.
As a decentralized network, the UBD Network relies on various participants to provide resources for network maintenance, and so UBD Network tokens will be used as the medium of exchange to quantify and pay the costs of the consumed resources.
UBD Network tokens are an integral and indispensable part of the UBD Network Platform because without UBD Network tokens, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the UBD Network Platform.
Users of the UBD Network Platform and/or holders of UBD Network tokens who did not actively participate will not receive any UBD Network token incentives.
UBD Network tokens would have the following features:
Disclaimers relating to the UBD and UBDN tokens: It is expressly highlighted that UBD and UBDN tokens
The contributions will be held by the UBD Network after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale.
Informational purposes only: The information set out herein is only conceptual, and describes the future development goals for the UBD Network to be developed. In particular, the project roadmap in the Whitepaper is being shared to outline some of the plans of the UBD Network, and is provided solely for informational purposes and does not constitute any binding commitment.
Please do not rely on this information in making purchasing decisions because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the UBD Network, and is subject to change.
Further, the Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website or to provide recipients with access to any information beyond what is provided herein.
Users must accept and fully understand the fact of possible risks:
Regulatory approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Whitepaper or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction. The publication, distribution, or dissemination of the Whitepaper or the Website does not imply that the applicable laws, regulatory requirements, or rules have been complied with.
Note on forward-looking statements: All statements contained herein, statements made in press releases or any place accessible by the public, and oral statements that may be made by the UBD Network team, may constitute forward-looking statements (including statements regarding the intent, belief, or current expectations concerning market conditions, business strategy and plans, financial condition, specific provisions, and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Whitepaper, as well as the UBD Network team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
References to companies and platforms: The use of any company and/or platform names or trademarks herein does not imply any affiliation with, or endorsement by, any third party. References in the Whitepaper or the Website to specific companies and platforms are for illustrative purposes only.
English language: The Whitepaper and the Website may be translated into a language other than English for reference purposes only and in the event of conflict or ambiguity between the English language version and translated versions of the Whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Whitepaper and the Website.
By attending any presentation on this Whitepaper or by accepting any hard or soft copy of the Whitepaper, you agree to be bound by the foregoing limitations.
Nothing herein constitutes legal, financial, business, or tax advice and you should consult your own legal, financial, tax, or other professional advisors before engaging in any activity in connection herewith.
Nor UBD Network, nor any service provider shall be liable for any kind of direct or indirect damage or loss whatsoever that you may suffer in connection with accessing this whitepaper, the website at www.ubdn.com, or any other websites or materials published by UBD Network.
Project purpose: All contributions will be applied towards advancing, promoting the research, design, and development of, and advocacy for community-driven innovation to benefit people around the world, focusing on the UBD Network protocol.
The UBD Network team and their respective affiliates would develop, manage and operate the UBD Network Platform.
Nature of the Whitepaper: The Whitepaper and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise).
The information herein may not be exhaustive and does not imply any elements of a contractual relationship.
There is no assurance as to the accuracy or completeness of such information and no representation, warranty, or undertaking is or purported to be provided as to the accuracy or completeness of such information.
Where the Whitepaper or the Website includes information that has been obtained from third- party sources, the UBD Network and their respective affiliates have not independently verified the accuracy or completion of such information.
Further, you acknowledge that circumstances may change and that the Whitepaper or the Website may become outdated as a result; and neither the UBD Network is under any obligation to update or correct this document in connection therewith.
Token Documentation: Nothing in the Whitepaper or the Website constitutes an offer by the UBD Network team to sell any UBD Network token (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision.
Nothing contained in the Whitepaper or the Website is or may be relied upon as a promise, representation, or undertaking as to the future performance of the UBD Network Platform.
The information set out in the Whitepaper and the Website is for community discussion only and is not legally binding.
No person is bound to enter into any contract or binding legal commitment about the acquisition of the UBD Network token, and no virtual currency or another form of payment is to be accepted based on the Whitepaper or the Website.
The agreement for sale and purchase of UBD Network token and/or continued holding of UBD Network token shall be governed by a separate set of Terms and Conditions or Token
Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of UBD Network token (the Terms and Conditions), which shall be separately provided to you or made available on the Website.
The Terms and Conditions Documentation must be read together with the Whitepaper.
In the event of any inconsistencies between the Terms and Conditions and the Whitepaper or the Website, the Terms and Conditions shall prevail.
Deemed Representations and Warranties: By accessing the Whitepaper or the Website (or any part thereof), you shall be deemed to represent and warrant to the UBD Network, and their respective affiliates, as follows:
- in any decision to purchase any UBD Network token, you have shall not rely on any statement set out in the Whitepaper or the Website;
- you will and shall at your own expense ensure compliance with all laws, regulatory requirements, and restrictions applicable to you (as the case may be);
- you acknowledge, understand, and agree that UBD Network tokens may have no value, there is no guarantee or representation of value or liquidity for UBD Network token, and UBD Network token is not an investment product including for any speculative investment;
- none of the UBD Network, their respective affiliates, shall be responsible for or liable for the value of UBD Network tokens, the transferability and/or liquidity of UBD Network tokens, and/or the availability of any market for UBD Network tokens through third parties or otherwise; and
- you acknowledge, understand, and agree that you are not eligible to purchase any UBD Network tokens if you are a citizen, national, resident (tax or otherwise), domiciliary, and/ or green card holder of a geographic area or country where it is likely that the sale of UBD Network tokens would be construed as the sale of a security (howsoever named), financial service or investment product and/or where participation in token sales is prohibited by applicable law, decree, regulation, treaty, or administrative act; and to this effect, you agree to provide all such identify verification document when requested for the relevant checks to be carried out.
The UBD Network team does not purport to make and hereby disclaims, all representations, warranties, or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Whitepaper or the Website, or any other materials published by the UBD Network). To the maximum extent permitted by law, the UBD Network, not be liable for any indirect, special, incidental, consequential, or other losses of any kind, in tort, contract, or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, rewards or profits, and loss of use or data) arising from the use of the Whitepaper or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same.
Prospective purchasers of UBD Network tokens should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the UBD Network token sale, and the UBD Network team.
Token features: The native digital cryptographically-secured utility token of the UBD Network Platform (UBD/UBDN tokens) is a transferable representation of attributed functions specified in the protocol/code of the UBD Network Platform, designed to play a major role in the functioning of the UBD Network ecosystem, and intended to be used solely as the primary utility token on the platform.
UBD Network tokens are non-refundable functional utility tokens that will be used as the medium of exchange between participants on the UBD Network Platform.
The goal of introducing the UBD Network token is to provide a convenient and secure mode of work within the ecosystem on the UBD Network.
UBD Network tokens do not in any way represent any shareholding, participation, right, title, or interest in the UBD Network, their respective affiliates, or any other company, enterprise, or undertaking, nor will UBD Network tokens entitle token holders to any promise of fees, dividends, revenue, profits or investment returns. UBD Network tokens may only be used on the UBD Network Platform, and ownership of UBD Network tokens carries no rights, express or implied, other than the right to use UBD Network tokens as a means to enable usage of and interaction within the UBD Network Platform.
As a decentralized network, the UBD Network relies on various participants to provide resources for network maintenance, and so UBD Network tokens will be used as the medium of exchange to quantify and pay the costs of the consumed resources.
UBD Network tokens are an integral and indispensable part of the UBD Network Platform because without UBD Network tokens, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the UBD Network Platform.
Users of the UBD Network Platform and/or holders of UBD Network tokens who did not actively participate will not receive any UBD Network token incentives.
UBD Network tokens would have the following features:
- pay within the ecosystem for various services, such as trust contract creation and monthly trust fees;
- keep amount of tokens as a pool and run a validating node (providing computational resources to validate information/produce blocks) as part of the network by participating in the staking process;
Disclaimers relating to the UBD and UBDN tokens: It is expressly highlighted that UBD and UBDN tokens
- do not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
- are non-refundable and cannot be exchanged for cash;
- are not intended to represent any rights under a contract for differences or any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
- are not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme, or any other kind of financial instrument or investment;
- are not a loan or any of their respective affiliates, are not intended to represent debt, and there is no expectation of profit; and do not provide the token holder with any ownership or other interest.
The contributions will be held by the UBD Network after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale.
Informational purposes only: The information set out herein is only conceptual, and describes the future development goals for the UBD Network to be developed. In particular, the project roadmap in the Whitepaper is being shared to outline some of the plans of the UBD Network, and is provided solely for informational purposes and does not constitute any binding commitment.
Please do not rely on this information in making purchasing decisions because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the UBD Network, and is subject to change.
Further, the Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website or to provide recipients with access to any information beyond what is provided herein.
Users must accept and fully understand the fact of possible risks:
- Users must accept and fully understand that they are the only one who bears full responsibility for storing their private keys and any mnemonic (backup) phrase associated with those keys in a safe place where you can recover them; otherwise, they risk losing control over any and all digital assets that are associated with those private keys, forever.
- Users acknowledge and agree that information associated with their UBD Network account can be lost and UBD Network Web may not be able to restore it. Since UBD Network Web does not have the user's private keys. UBD Network will not be able to decrypt any data associated with your security keys.
- Users acknowledge and agree that they shall assume all responsibility for interaction with Smart Contracts and Trust Contracts, Trust Terms, and its change, cancelation, or alteration since Trusts can be controlled only by the one who creates it.
- Each user accepts that he is the only one who is responsible for his transaction details to transfer digital assets and accept the fact that transactions can’t be canceled and in case of wrong transaction details (address), funds will be lost forever.
- Every user of the UBD Network system understands that he is the only one who is responsible before his local, state, federal, and/or international tax laws and tax authorities for his assets and rewards including his digital funds.
- Users accept and fully understand that if UBD Network infrastructure stop working it may suspend the operation of the whole system so assets could be temporarily frozen.
- Users acknowledge and agree that UBD Network is not responsible for the risk of a third party, for example, if Ethereum infrastructure fails or if Bitcoin or any other coin that provides UBD Network liquidity or UBD Reserve ceases to exist, it may terminate UBD Network operation and all assets will be temporarily blocked or lost forever.
- Users acknowledge and agree that UBD Network is not responsible for the risk of the high volatility of Bitcoin or any other coin that provides UBD Network liquidity since it may terminate UBD Network operation and all assets can be blocked for an unknown period of time.
- Users acknowledge and agree that UBD Network is free of its responsibilities in case of any force majeure events such as natural events, political and special events, economic and financial events, infrastructure, and any other superior or irresistible forces, that may terminate UBD Network operation and as a result, block all assets temporary or forever.
Regulatory approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Whitepaper or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction. The publication, distribution, or dissemination of the Whitepaper or the Website does not imply that the applicable laws, regulatory requirements, or rules have been complied with.
Note on forward-looking statements: All statements contained herein, statements made in press releases or any place accessible by the public, and oral statements that may be made by the UBD Network team, may constitute forward-looking statements (including statements regarding the intent, belief, or current expectations concerning market conditions, business strategy and plans, financial condition, specific provisions, and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Whitepaper, as well as the UBD Network team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
References to companies and platforms: The use of any company and/or platform names or trademarks herein does not imply any affiliation with, or endorsement by, any third party. References in the Whitepaper or the Website to specific companies and platforms are for illustrative purposes only.
English language: The Whitepaper and the Website may be translated into a language other than English for reference purposes only and in the event of conflict or ambiguity between the English language version and translated versions of the Whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Whitepaper and the Website.
By attending any presentation on this Whitepaper or by accepting any hard or soft copy of the Whitepaper, you agree to be bound by the foregoing limitations.
Notice and Disclaimer
IF YOU HAVE ANY DOUBTS AS TO WHAT ACTIONS YOU SHOULD TAKE, WE RECOMMEND THAT YOU CONSULT WITH YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S). No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section.
The sole purpose of this Whitepaper is to present tokens to potential token holders. The information is provided for INFORMATION PURPOSES only.
It may not be exhaustive and doesn’t imply any elements of a contractual relationship or obligations. Despite the fact that we make every effort to ensure the accuracy, up to date and relevance of any material in this Whitepaper, this document and materials contained herein are not professional advice and in no way constitutes the provision of professional advice of any kind.
Further, Project reserves the right to modify or update this Whitepaper and information contained herein, at any moment and without notice. To the maximum extent permitted by any applicable laws, regulations and rules, Project doesn’t guarantee and doesn’t accept legal responsibility of any nature, for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising from or related to the accuracy, reliability, relevance or completeness of any material contained in this Whitepaper.
You don’t have the right and shouldn’t buy tokens if you are a citizen or resident (tax or otherwise) of any country or territory where transactions with digital tokens and/or digital currencies are prohibited or in any other manner restricted by applicable laws. (“Person” is generally defined as a natural person residing in the relevant state or any entity organized or incorporated under the laws of the relevant state). Purchased tokens cannot be offered or distributed as well as cannot be resold or otherwise alienated by their holders to mentioned persons. It is your sole responsibility to establish, by consulting (if necessary) your legal, tax, accounting or other professional advisors, what requirements and limitations, if any, apply to your particular jurisdiction, and ensure that you have observed and complied with all restrictions, at your own expense and without liability to Project.
The sole purpose of this Whitepaper is to present tokens to potential token holders. The information is provided for INFORMATION PURPOSES only.
It may not be exhaustive and doesn’t imply any elements of a contractual relationship or obligations. Despite the fact that we make every effort to ensure the accuracy, up to date and relevance of any material in this Whitepaper, this document and materials contained herein are not professional advice and in no way constitutes the provision of professional advice of any kind.
Further, Project reserves the right to modify or update this Whitepaper and information contained herein, at any moment and without notice. To the maximum extent permitted by any applicable laws, regulations and rules, Project doesn’t guarantee and doesn’t accept legal responsibility of any nature, for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising from or related to the accuracy, reliability, relevance or completeness of any material contained in this Whitepaper.
You don’t have the right and shouldn’t buy tokens if you are a citizen or resident (tax or otherwise) of any country or territory where transactions with digital tokens and/or digital currencies are prohibited or in any other manner restricted by applicable laws. (“Person” is generally defined as a natural person residing in the relevant state or any entity organized or incorporated under the laws of the relevant state). Purchased tokens cannot be offered or distributed as well as cannot be resold or otherwise alienated by their holders to mentioned persons. It is your sole responsibility to establish, by consulting (if necessary) your legal, tax, accounting or other professional advisors, what requirements and limitations, if any, apply to your particular jurisdiction, and ensure that you have observed and complied with all restrictions, at your own expense and without liability to Project.
Token legal limitations
Tokens UBDN are not and will not be intended to constitute securities, digital currency, commodity, or any other kind of financial instrument and have not been registered under relevant securities regulations, including the securities laws of any jurisdiction in which a potential token holder is a resident.
This Whitepaper is not a prospectus or a proposal, and its purpose is not to serve as a securities offer or request for investments in the form of securities in any jurisdiction. However, in spite of the above, legislation of certain jurisdictions may, now or in future, recognize UBDN tokens as securities.
Project does not accept any liability for such recognition and\or any legal and other consequences of such recognition for potential owners of UBDN tokens, nor pro- vide any opinions or advice regarding the acquisition, sale or other operations with UBDN tokens, and the fact of the provision of this Whitepaper doesn’t form the basis or should not be relied upon in matters related to the conclusion of contracts or acceptance investment decisions.
This Whitepaper is not a prospectus or a proposal, and its purpose is not to serve as a securities offer or request for investments in the form of securities in any jurisdiction. However, in spite of the above, legislation of certain jurisdictions may, now or in future, recognize UBDN tokens as securities.
Project does not accept any liability for such recognition and\or any legal and other consequences of such recognition for potential owners of UBDN tokens, nor pro- vide any opinions or advice regarding the acquisition, sale or other operations with UBDN tokens, and the fact of the provision of this Whitepaper doesn’t form the basis or should not be relied upon in matters related to the conclusion of contracts or acceptance investment decisions.