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UniBright

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Discover UniBright's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is UniBright?

Unibright (UBT) is a blockchain project that aims to facilitate enterprise blockchain adoption by providing a unified framework for business integration. It allows companies to create and deploy smart contracts without requiring extensive coding or blockchain knowledge. The platform is blockchain-agnostic and offers a visual workflow to simplify the process. Users need to purchase UBT tokens to access the framework, which are then locked into a smart contract for a minimum of 30 days. The token model is designed to support long-term use cases and adoption, with the potential to increase token value as demand grows and supply declines.

How is UniBright used?

Unibright (UBT) is a cryptocurrency used within the Unibright ecosystem, a unified framework for blockchain-based business integration. The UBT token is required to access the Unibright framework, which allows users to build and integrate blockchain technology into their businesses without needing extensive coding skills. Users deposit UBT tokens to use the platform, and these tokens are locked into a smart contract for a minimum of 30 days. After the contract expires, users must deposit new tokens to continue using the platform, which helps remove tokens from the open market and supports UBT prices in the future.

How do I store UniBright?

To store Unibright (UBT) tokens, you have several options:

  1. Exchange Wallets: You can store your UBT tokens on an exchange like Binance Wallet, which provides easy access to investment products and features such as spot and futures trading, staking, and lending. However, be sure to choose an exchange with strict security measures to ensure your assets are safe.

  2. Non-Custodial Wallets: For maximum security and control, you can withdraw your UBT tokens to a non-custodial wallet like Atomic Wallet, which supports over 1,000 coins and tokens. This option grants you complete control over your private keys, but you must store them securely to avoid losing access to your assets.

  3. Cold Wallets: If you plan to hold your UBT tokens for the long term, you can store them in a cold wallet, which is a more secure option compared to hot wallets. Cold wallets are offline and less susceptible to hacking.

  1. Web3 Wallets: You can also use Web3 wallets like MetaMask to store your UBT tokens. These wallets are designed for decentralized applications and provide a secure way to manage your assets.

Regardless of the method you choose, make sure to follow best practices for securing your private keys and storing your assets safely.

How to buy UniBright?

To buy UniBright (UBT) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEXs)
  1. Choose a CEX: Select a reputable centralized exchange that supports UBT trading. Ensure the exchange has solid security, liquidity, and a competitive fee structure.
  2. Create an Account: Register an account on the chosen exchange.
  3. Deposit Funds: Deposit the required fiat currency or cryptocurrency to your exchange account.
  4. Buy UBT: Use the deposited funds to buy UBT tokens.
Buying on Decentralized Exchanges (DEXs)
  1. Choose a DEX: Select a decentralized exchange that supports UBT trading, such as Uniswap or SushiSwap.
  2. Download a Web3 Wallet: Install a compatible Web3 wallet like MetaMask.
  3. Create a Wallet: Set up a new wallet address.
  4. Transfer Mainnet Cryptocurrency: Transfer the mainnet cryptocurrency (e.g., ETH for Ethereum-based DEXs) to your wallet.
  5. Connect to DEX: Connect your wallet to the DEX.
  6. Swap for UBT: Use the mainnet cryptocurrency to swap for UBT tokens.
Buying Directly via a Crypto Wallet
  1. Choose a Wallet: Select a reputable crypto wallet that supports UBT, such as KuCoin Wallet or MetaMask.
  2. Create a Wallet: Set up a new wallet address.
  3. Buy UBT: Purchase UBT tokens directly using a supported payment method. Alternatively, buy a popular cryptocurrency like USDT and swap it for UBT.
Using a Crypto Exchange Service
  1. Choose a Service: Select a service like ChangeNOW that supports UBT exchange.
  2. Select UBT: Choose UBT as the "You Get" currency.
  3. Choose Payment Method: Select the cryptocurrency or fiat currency to buy UBT with.
  4. Enter Wallet Address: Enter your UBT wallet address.
  5. Send Deposit: Send the deposit to a one-time address.
  6. Receive UBT: Receive the exchanged UBT tokens in approximately 5 minutes.

Remember to always check fees and ensure you are comfortable with the payment processors used by your chosen method.

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History of UniBright

Unibright (UBT) is an open-source cryptocurrency based on the Ethereum protocol. The company behind Unibright was founded in Germany in 2017 by Marten Jung and Stefan Schmidt, who have over 20 years of expertise in software development, process integration, and technology consulting. The mission of the project is to help companies integrate blockchain technologies into their businesses.

Unibright offers enterprise blockchain solutions, develops integration platforms, and provides a whole ecosystem around digital assets. The company has several branches, including Unibright Solutions, which offers consulting services; Unibright Freequity, which provides tokenization services; Unibright Ventures, an investment firm; and Unibright ThinkTank, which converts ideas into businesses.

One of the main products offered by Unibright is the Unibright Framework, a set of tools and templates that help businesses design and implement blockchain-based solutions. The framework includes pre-designed templates that can be customized to fit specific business needs and 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.

Unibright also offers 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: a software architectural level and an end-user-driven application level.

Additionally, 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.

Unibright has a strong focus on the enterprise market and has partnerships with large businesses and organizations. Key industries served include logistics, supply chain management, finance, and healthcare.

The UBT token is the native utility token fueling the Unibright ecosystem. It is needed to pay for products and services on the platform. The token has a maximum supply of 150 million UBT, which shields the UBT price from long-term inflation effects. The token distribution at launch includes public sales, early purchasers, cold storage liquidity reserve, team, and legal and token sale expenses.

Overall, Unibright aims to make it easy for businesses to adopt and utilize blockchain technology, providing a comprehensive ecosystem and tools to facilitate this integration.

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How UniBright works

Unibright (UBT) is a cryptocurrency that powers a blockchain-based business integration framework. Here's how it works:

Overview

Unibright is a low-code integration and modeling framework designed to bring blockchain technology to mainstream users. It offers a practical solution to existing problems in blockchain technology, making it easy for companies to implement blockchain-based business networks without requiring extensive coding knowledge.

Key Features
  • No-Coding Approach: Unibright uses a visual workflow to create and deploy smart contracts on various blockchains without needing coding skills. This makes it accessible to businesses that lack the necessary technical expertise.
  • Smart Contracts: The framework automatically generates, deploys, and updates smart contracts across different blockchains, ensuring seamless integration.
  • Integration with Existing Systems: Unibright integrates existing IT systems into the blockchain, allowing for smooth interactions between new blockchain-based systems and existing infrastructure.
  • Tokenization: Unibright aids in DeFi and tokenization for new projects, enabling customers to create their own tokenized business applications.
  • Security: The Base Protocol ensures data integrity and confidentiality through secure cryptographic formats and zero-knowledge-proof services, making it difficult for malicious parties to disrupt the network.
UBT Token
  • Usage: The UBT token is required to access the Unibright framework. Users deposit tokens, which are then locked into a smart contract for a minimum of 30 days. This allows them to use the Rebuy contract to repurchase tokens at a set price, ensuring continued usage.
  • Rebuy Contract: The Rebuy contract determines the rebuy price, currently set at $0.14 per UBT. This contract allows users to repurchase tokens they used over the 30-day period, ensuring continued access to the framework.
  • Token Supply: The current circulating supply of UBT tokens is 149,999,999, with no maximum supply specified.
Availability
  • Exchanges: UBT can be purchased on various exchanges, including Uniswap (V2), Bitdesk, Bittrex, Liquid, and HitBTC.
  • Wallet Support: The PTPWallet platform supports UBT, offering a simple and interactive interface for users to manage their tokens.
Founders

Unibright was founded by Marten Jung and Stefan Schmidt, both with extensive experience in software development and business processes.

Summary

Unibright (UBT) is a cryptocurrency that powers a blockchain-based business integration framework. It offers a no-coding approach to create and deploy smart contracts, integrates existing IT systems, and aids in DeFi and tokenization. The UBT token is required to access the framework and is available on various exchanges.

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UniBright's strengths

The Unibright (UBT) token has several strengths that contribute to its potential for enterprise blockchain adoption:

  1. Unified Framework: Unibright offers a unified framework for blockchain-based business integration, allowing companies to utilize blockchain technology without extensive costs, hassle, or the need for a large corps of developers. This framework includes visual workflow creation, smart contract deployment, and integration with existing systems.

  2. Enterprise-Level Solutions: Unibright provides enterprise-level blockchain solutions, integration platforms, and an ecosystem centered around tokenized assets. This includes tools for business process integration, tokenization, and decentralized finance (DeFi) activities.

  3. Token Model: The UBT token model is designed to support enterprise adoption. Users deposit tokens for usage, and these tokens are locked in a smart contract. The Rebuy contract allows users to repurchase tokens at a set price, ensuring a stable cost structure for businesses. This model also removes tokens from the open market, potentially supporting UBT prices in the future.

  1. Integration with Other Technologies: Unibright integrates with other technologies, such as the Hedera Token Service (HTS), to scale asset tokenization and DeFi activities. This integration provides advanced tokenization at scale, low cost, and with instant finality.

  2. Role in the Baseline Protocol: Unibright plays a significant role in the development of the Baseline Protocol, which connects traditional systems to each other and notarizes states on a public mainnet. This protocol enables secure and private business processes at low cost, using advances in cryptography and messaging.

  3. Partnerships and Network: Unibright has partnerships with top companies and resources, positioning it well for supporting business processes with blockchain technology. The company's founders have over 20 years of experience in software development, process integration, and technology consulting.

These strengths collectively contribute to Unibright's potential for driving enterprise blockchain adoption and supporting the growth of the UBT token.

UniBright's risks

Unibright (UBT) carries several financial risks that investors should be aware of. One of the primary concerns is the high risk rating assigned by InvestorsObserver analysis, indicating that a significant amount of money is required to invest in the token. This high risk rating may deter some investors who are more cautious about their investments.

Another risk is the limited liquidity and exchange coverage. The majority of UBT's trading volume is concentrated on Hotbit, which makes the market quite centralized. This limited liquidity can lead to slippage when trading large block orders, making it challenging for investors to buy or sell the token efficiently.

Additionally, the token's price history has been volatile, with significant fluctuations. After the initial pump following the ICO, the price declined and remained low for an extended period. While it rallied in 2020, the price can still be unpredictable, making it a high-risk investment.

Furthermore, the token's usage model, where users must deposit tokens to access the Unibright framework, can lead to a decline in the circulating supply of UBT tokens. This decline in supply may impact the token's price and liquidity, potentially affecting investors.

Overall, investors should carefully consider these financial risks before investing in Unibright (UBT).

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UniBright's ecosystem

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UniBright’s team

  • Marten Jung: CEO of Unibright, a blockchain believer with over 20 years of experience in software development and consultancy.
  • Stefan Schmidt: Co-founder of Unibright, with extensive experience in software development, process integration, and technology consulting.

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