UBNK is a platform token issued by UBANK, a decentralized wallet exchange. UBNK coin is a decentralized blockchain digital asset based on Ethereum, which is an ERC20 standard token based on Ethereum blockchain. 9 billion UBNK coins are issued to the outside world, and the platform will repurchase UBNK coins with 20% of the quarterly profits and destroy them directly until the total amount is reduced to 1 billion.

Project use value

Users who participate in transactions on the UBank platform, no matter what kind of tokens are traded, when they need to pay transaction fees, if they hold sufficient UBNK coins, the system will give discounts to the required fees , and convert the equivalent amount of UBNK coins according to the current market value, and use UBNK coins to complete the payment of the service fee.

Project buyback mechanism

After the UBank platform is launched, we will use 20% of the quarterly net profit of the UBank platform to repurchase UBNK coins every quarter. The repurchased UBNK coins will be directly destroyed, and the repurchase record will be the first The time is announced, and users can query through the blockchain browser to ensure openness and transparency until the total amount of 1 billion UBNK coins is destroyed. In the future, UBNK currency will also be the fuel of UBank's decentralized on-chain trading platform. When using the UBank decentralized trading platform, UBNK coins are required.

Project use plan

35% of the funds raised will be used for the function development and system operation and maintenance of the UBank platform, including providing incentives for team members, research and development funds, etc.
50% will be used for brand building and operation promotion of the UBank platform, including continuous promotion and popularization of the UBank platform for traditional industries and blockchain industries, providing financial support for various market activities, and ensuring that the UBank platform quickly gains market recognition , rapidly accumulating trading users.
15% is used as the reserve fund and emergency fund of the UBank platform to deal with various emergencies.