UBANX

Physical locations for crypto

Through a network of retail and community physical spaces where members can meet, learn and connect, alongside user-friendly consumer apps and strategic partnerships with a curated selection of the best blockchain-based and digital financial solutions, Ubanx’ goal is to deliver a platform where services are natural and intuitive runways to participation and adoption. Moreover, Ubanx’ vision is that token holders aren’t just customers but members of, and contributors to, the Ubanx Community.

ABOUT UBANX

Ubanx is a blockchain-agnostic platform, and its initial release will be using Ethereum ERC-20 tokens known as BANX. The token issuance (”BANX Token Sale”) is developed, audited and secured by an external advisory company. The Ubanx Community will be powered by the BANX Token that will enable token holders (“Community Members”) not only to obtain real-life benefits from Ubanx and partners but to interact and exchange value with one another. In some cases Community Members will have to spend their BANX Tokens; but in many others, simply holding a certain quantity of BANX Tokens will entitle access to benefits. These include, for example, an exclusive Ubanx account and mobile app to operate cryptocurrency seamlessly, as well as access to our Ubanx Spaces (physical locations) to co-work and learn at the Ubanx Crypto School.

Even though that the token and cryptocurrency ecosystem is a global phenomenon, its interaction with the physical world is mostly local, especially in the conversion from awareness to usage. And physical establishment tend to be ideal for materializing this initial step for a snowball effect in developing self-sustain local crypto communities.That is why Ubanx plans to open its Spaces in key locations, where local communities can learn and discuss the latest developments in financial services and instruments. The Ubanx Spaces will help to reduce the knowledge gap between retail clients and sophisticated investors. This will be the most vivid example of the Ubanx relationship-based business model, based on building long-term relationships with customers.

In order to speed up the development of the Ubanx Community, Ubanx intends to use auctions to award Community Members the rights to operate Ubanx Spaces in exclusive geographic areas, called ZONEs. The bidding in those auctions will use BANX Tokens. Moreover, Community Members that provide outreaching services (like generating content) to the Ubanx Community will be acknowledged as Ubanx Ambassadors and will earn BANX Tokens as reward. Additionally, Community Members can also become Instructors at the Ubanx Crypto School and earn BANX Tokens in this way as well.

Ubanx mission is to be a bridge between the early and late majorities, allowing both to be part of it, through a strategy that includes both digital products and physical spaces operated either by Ubanx (Flagship) or by the community (Webanx).

Ubanx will be the first Blockchain retail place. We will connect the mainstream to the best blockchain financial products in the industry, ensuring friendly, secure, frictionless and compliant experiences.

Ubanx Spaces

• Onboarding and help from cryptoexperts done
• Co-working area and coffee lounge done
• Buy crypto-related products done

Ubanx Crypto School

• Attend to courses and workshops done
• Learn crypto trading done
• Online or on-site attendance done

Ubanx Blockchain Account

• doneBuy, exchange and trade cryptocurrencies
• doneUser centered experience
• doneOnline, fast and secure onboarding

Powered by you

• doneCreated for users, by users
• doneUsers have a voice, join Ubanx Workgroups
• doneBe part of the Community

Ubanx App

Design First

Ubanx Blockchain Account

• Third party exchanges and services, send and receive crypto currencies internationally
• Fast and secure onboarding
• State-of-the-art design

Crypto Marketplace

Buy crypto related products such as hardware wallets and mining equipment or access services from fintech and blockchain provided by third parties.

Power to the people

Users have a voice: Token holders, by forming part of Workgroups, will help dealing, discussing and proposing ideas around the Ubanx ecosystem, such as help to choose the next Ubanx Space opening location, including a service on the marketplace, or what color is better of the "Transfer" button in the app.

Token Issuance

Definition

Ubanx will distribute 1bn tokens in total. The Initial Token Sale will have a Private PreSale

to distribute 35% of the token supply (the ”Pre-Sale Tokens”), with the Public

Sale distributing an additional 25% (the ”Public Sale Tokens”). The remaining will

be allocated according to the following table:

Only participants that register themselves will be able to buy BANX Tokens. On April 23, 2018 the Private Pre-Sale will go live, where the Price per Token will be 0.12 EUR for all Pre-Sale Tokens.

Purchasers in the Pre-Sale will received additional Tokens (”Bonus Tokens”) as follows:

• Any purchaser buying will receive a number of Bonus Tokens equal to 20% of the purchased quantity.

• Any purchaser (1) buying more than EUR 100,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 5% of Bonus Tokens.

• Any purchaser (1) buying more than EUR 500,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 10% of Bonus Tokens.

• Any purchaser (1) buying more than EUR 1,000,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 20% of Bonus Tokens.

The Private Pre-Sale will end on May 31 2018 or when the Presale Tokens have all been sold, taking into account the Bonus Tokens.

The Public Sale will commence one week after the conclusion of the Pre-Sale with the allocation of 25% of the tokens (the ”Public Sale”). And it will end on the first to occur of: (i) When the Public Sale Tokens have all been sold (taking account of the Bonus Tokens) or, (ii) a date that is at least 60 days after the start of the Public Sale.

This allocation will be done in tranches of 50M tokens and as the process moves to the subsequent tranches the token price rises.

Purchasers in the Public Sale will received Bonus Tokens as follows:

• Any purchaser buying more than EUR 1,000 worth of Tokens in a single purchase will receive a number of Bonus Tokens equal to 10% of the purchased quantity.

• Any purchaser buying more than EUR 10,000 worth of Tokens in a single purchase will receive a number of Bonus Tokens equal to 20% of the purchased quantity.

• Any purchaser (1) buying more than EUR 100,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 5% of Bonus Tokens.

• Any purchaser (1) buying more than EUR 500,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 10% of Bonus Tokens.

• Any purchaser (1) buying more than EUR 1,000,000 worth of Tokens in a single purchase and (2) who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 20% of Bonus Tokens.

In Ubanx‘s Initial Token Sale only ETH will be accepted as purchase currency. And the exchange rate used to determine the EUR value of ETH used to purchase tokens will be set as follows:

• The rate will be based on the daily rate from the site CryptoCompare.com.

• The Token Sale Contract will be updated only if the percentage difference between the present day and the day before at 0.00 Singapore Time (GMT+8) is larger than 5%.

• Once the rate is changed, the new rate will apply to all purchases until the next change.

• The then-applicable rate will be displayed to purchasers at the time of purchase on the Ubanx User Panel.

As part of a bounty program, Ubanx will provide referral incentives (”Bounty and Incentivization

Supply”)7 to grow its community, creating the base for the upcoming positive network effects regarding the use of the Ubanx platform.

As seen in the Token Distribution table, the team and the advisor’s holdings are under a vesting procedure to avoid moral hazard behavior. The vesting follows the following schedule, where the Vesting Start Date will be the day after the Private Pre-Sale ends:

For so long as a team member or advisor continuously provides services to the Company (or any Subsidiary or Parent of the Company) as an employee, officer, director, contractor, consultant or advisor, these tokens will vest (that is, become exercisable) with respect to the tokens as follows: (a) prior to the first one (1) month anniversary of the Vesting Start Date this Option will not be vested or exercisable as to any of the Tokens; (b) these tokens will become vested and exercisable with respect to 1/12 th of the tokens on the one (1) month anniversary of the Vesting Start Date; and (c) thereafter, this Option will become vested and exercisable with respect to an additional 1/12 th of the tokens when Team Member or Advisor completes each month of continuous service following the first one (1) month anniversary of the Vesting Start Date.

Finally, the Ecosystem Support Supply (10% of the total token supply) will be used to grow the Ubanx ecosystem via partnerships with other companies.

Timeline

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Author : Kelampok ijo

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