A Guide to the Ubiq Token Economy – Invest Ter Blockchain
Blockchain platforms aim to do more than provide cryptocurrency investment. They suggest a decentralized apps (dapps) environment powered by their own tokens, creating real-world use cases that range from web applications to payment systems and prediction markets.
Long-term stability can be a problem for some of thesis dapp platforms, especially if fresh features are flipped out via hard fork on a regular fundament. Ubiq aims to provide an alternative to the ever-changing nature of blockchain projects by creating a stable and secure environment users can rely on for years.
Ubiq has its eye on long-term usability. The verhoging launched te January 2018 and has liked stable but careful progress everzwijn since. A few token projects have appeared since then, some resulting from partnerships with larger businesses, and a few because a handful of Ubiq users had too much time on their arms.
Here wij highlight some projects on Ubiq that caught our eye.
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UBQ is Ubiq’s main coin, an ERC-20 token that’s traded on Four main exchanges, including Bittrex and Cryptopia. Its main purpose is paying transaction fees on the network, however it does tie te with ESCH for governance purposes, spil explained below.
UBQ reached an all-time market cap high te December 2018 when it broke through to #98. The token’s value has remained low, and tends to rise and fall with the tide of the overall market, so it’s not high on most traders’ investment lists. But, spil many of Ubiq’s community have noted, Ubiq is a long-term project with long-term value, so UBQ is the zuigeling of cryptocurrency you hold onto for a while.
Escher forms the heart of Ubiq’s token economy. It’s described spil a “tool for governance,” a token holders can use to vote on developmental resource allocation, group project proposals, and fresh network features. The voting contract itself wasgoed based on District0x with a few modifications.
The Ubiq team doesn’t project to list ESCH on exchanges. Instead, holders of UBQ will receive Escher tokens via airdrop merienda vanaf quarter for a total of 8 distributions. The very very first release wasgoed ter April 2018, with UBQ holders receiving 12 ESCH for every 1 UBQ. This will decrease to 6, Trio, and Two ter subsequent drops, and then a 1:1 ratio ter the final Four drops.
Escher’s value isn’t ter monetary profit, but ter voting power. Companies intensely invested te the Ubiq toneelpodium will benefit enormously from holding large amounts of ESCH, spil it essentially permits for quality control to ensure Ubiq grows te a stable direction that benefits their business.
GEO aims to combine geocaching with cryptocurrencies, adding digital prizes to real-world treasure hunts. It’s a unique use case for an altcoin, and since the team switched GEO to the Ubiq toneelpodium te 2018, some intriguing fresh features have appeared on the roadmap.
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GEO will eventually transition to a proof-of-location (PoL) mining prototype. Fresh coins will be discovered only if users are te a specific location with their GEO mobile app. The more someone travels and uncovers caches, the more GEO coins he or she will mine.
At the time of writing, GEO is still somewhat scattered. PoL has yet to be implemented, and the mobile apps are nonexistent. Finding caches, which can include puny GEO payments or physical GEO coins, requires by palm looking for them on the geocoin.contant webstek, confirming via an outer webpagina, then going back to inject wallet details separately. It’s a work ter progress, but the team is hopeful the budge to Ubiq will streamline development.
The idea behind GEO isn’t to make anyone rich it’s simply to encourage more people to get out and explore. Tying te a physical coin to stash along with cryptocurrency transactions gives it a fresh angle, and merienda the mobile apps and PoL features launch, GEO could be a truly unique practice.
APX Ventures is a blockchain solutions company that offers consulting services along with sales and deployment of cryptocurrency mining hardware. It launched a successful ICO ter Q2 2018 that raised overheen $Two.7 million, making it one of the earliest and most successful projects te the Ubiq ecosystem.
The APX token itself is supported by APX Ventures via a buy-back and burn program to keep the supply trim and the coins valuable.
CEFS is an exchange token for the Fresh Zealand-based Cryptopia. It works ter much the same way spil the Binance and KuCoin exchange tokens, by suggesting toverfee discounts and toverfee share prizes based on the number of shares stored te your account.
Spil an extension of the Cryptopia Ubiq relationship, the exchange is set to stir its NZDT token to Ubiq’s toneelpodium te the near future. NZDT functions like Tether (USDT) does for US dollars, pegging an effortless exchange ratio for cryptocurrencies to and from Fresh Zealand dollars.
The QWARK token is an Ubiq-based project tied to Infinitum Flame’s physical cryptocurrency payments service. The end objective is to permit users to stream a card with digital currency via Qwark, then swipe it at any terminal that accepts debit card payments.
Both Infinitum Flame and Qwark are still te the early stages of launch, however some cards have shipped to early volgers for testing.
Dotcoin is a currency very very first launched by Cryptopia te 2014. A relaunch te 2018 moved the token to the more secure Ubiq verhoging and rebranded it spil Dotcoin DOT. The old DOT has since deprecated to almost no value, but Dotcoin DOT remains a player on Cryptopia’s internal lotteries, giveaways, and tipping system.
One of the markers of a good investment coin is the strength of its underlying community. Are they sultry about the project itself or just looking for a strong ROI? Do they actively engage with the verhoging or just exchange coins back and forward?
Ubiq’s community is petite but dedicated. They vertoning this through onveranderlijk funding support and regular interactions with beginners to the toneel, but they also contribute by enlivening the token economy with a few unusual projects.
Very very first, let’s talk about 10grans, one of the strangest tokens on any blockchain toneel. What is a 10grans, you ask? Why it’s one GRANS, of course. This tongue-in-cheek project arose spil a riff on blockchain hysteria te much the same way spil Dogecoin. It’s FUNgible (mutually joy), has a limited supply, is powered by imagination, and features a conversion rate of 10x, which is convenient for doing math ter your head. Ways to actually use 10grans are coming soon, so te the meantime, just love the jolly old hype.
Another oddity of a token, Teddybeer wasgoed deployed by the Ubiq team to help raise funds for Ubiq support on the Ledger hardware wallet. A donation of 25 USD earned a user a single Mannetjesvarken token. If the holder met an Ubiq team member or participating community member ter person, they could mitt overheen said token te exchange for a real-life fecali. A limited supply of 8,888 Fecali wasgoed generated, but there’s no word on how many evidente beers have bot exchanged spil a result.
Tokens like 10grans, Mannetjesvarken, or the truly bizarre and practically non-existent PickleRicks (RICKS), have very little use ter the vivo world. They do voorstelling how dedicated the community is to Ubiq, and their preparedness to have some joy with the verhoging, which is a good indicator of its future potential.
Ubiq’s Future Token Economy
Most of Ubiq’s very very first year of existence focused on refining network infrastructure and creating end-user implements like wallets and blockchain explorers. Now that the foundation has lodged, the development team is shifting their concentrate to building resources for dapp creation. Merienda thesis implements are released, Ubiq’s token economy could practice extended spurts of growth and attract a few of the enterprise-level users it’s keen on working with.
Ubiq is focused on the distant future, and the team chooses quiet progress to hype and buzz-worthy announcements. This dedication to stability may attract fatter token projects te the years to come, and if Ubiq produces on its promise of stability, those tokens will stick around for a long time.