UBD Network – listing on MEXC and project prospects

Holders can become Guardians – to maintain the work and security of the ecosystem. To do this, you need to:

1. Place a minimum of 1024 UBDN in the wallet for 30 days (Epoch).
2. Cryptocurrency cannot be transferred before the end of the term. The algorithm keeps track of the wallet’s status.

At the end of each Epoch, Custodians are rewarded in UBD stablecoins. They are used to create trusts and customize the terms of asset management. Also, 50% of deTrust user fees and 50% of commissions from UBD conversions are distributed among UBDN holders.

Project features

Decentralized capital management system does not require the participation of intermediaries and external control. The investor independently sets the terms of the trust, and the smart contract exactly fulfills them. For example, it is possible to protect heirs from irresponsible spending. To do this, the account owner blocks access to the funds. The heirs will only receive interest on the deposit. Other features of the project:

• Assets in the trust can be placed in a staking and receive monthly profits.
• Investors are able to change the terms of money management at any time or create a new contract. The commission for editing is 500 UBD. In traditional trusts, it is $25k.
• Proof-of-Reserved concept guarantees storage of clients’ funds in full.
• The decentralized structure of the protocol excludes denial of inheritance and other legal risks. However, in relation to UBD Network, it is necessary to take into account the rules of using digital products in force in the country of client’s residence.
• The project does not track investor activity and does not share information with third parties.
• Unlike a traditional trust, a deposit on the platform can be created in 15 minutes. Price of the service (basic tariff): retention 128 UBDN, 0 UBD per month. In classic trusts, the starting deposit is a minimum of $50 thousand. The process of registration takes up to 6 months.

Pros and cons of decentralized trusts UBD Network

The developers of the project offered a flexible and reliable tool for managing cryptocurrency assets and realizing the inheritance procedure using blockchain technologies.

The platform provides protection of funds in users’ wallets. This is possible, among other things, thanks to the Hold and Gain rule: investors must keep assets in the account during the term of the contract and not transfer them to other addresses.

The status of accounts is monitored by a special algorithm. This also simplifies the work with the platform and minimizes the risk of hacker attacks. Other pros and cons of the project can be compared in the table.

Main characteristics of UBDN token

This is the main tool for earning money in the UBD Network ecosystem. The cryptocurrency is launched on the Ethereum blockchain under the ERC-20 standard. In the future, the native UBDN token will be migrated to its own network.

Additional ways to earn money

To ensure maximum safety of assets, the developers have implemented the Hold and Gain rule. Clients’ funds are always on their wallets. At withdrawal, the holding period is interrupted and the rate is reduced to the minimum.

As additional opportunities for earning, investors are offered stable coin staking and participation in the referral program.

In the first case, clients receive passive income. The referral program requires a small amount of activity. In addition, participation in airdrops is available.

Steaking

The option is available only for UBD holders. To participate in steaking, you just need to place a stablecoin in your wallet. Income will be credited automatically (depending on the number of coins and holding period).

To calculate the exact profit, you can use the online calculator on the project website. To select a period, just move the slider. The program will give the result taking into account compound interest. This will allow you to multiply your investment.

The investor can withdraw the deposit at any time and receive the accrued interest. In this case, the holding period is interrupted, the rate is not saved.

Referral program

UBD Network clients can earn by inviting new users to the project. The multi-level affiliate program provides rewards for the activity of direct referrals and below. You can get a link in your personal cabinet, distribute – in social networks, blogs, messages. For each token swap by a referral user receives up to 10% in USDT (depending on the level).

Airdrop

Ahead of the UBDN listing, the MEXC exchange held a giveaway of the project’s tokens. Participation required holding MX coins in a spot wallet at the time of the snapshot. The winners shared a prize pool of 4673 UBDN and 30k USDT.

The MEXC platform was one of the first exchanges to support the project. The team will continue to implement the listings program. This means that customers will still have the opportunity to participate in native token giveaways.

Is it worth investing in UBDN in 2024

UBD Network is the first fully decentralized platform for fiduciary capital management and inheritance of digital assets. The project opens wide access to classic trusts. The platform solves the main problems of this financial institution with the help of blockchain technologies.

The UBD Network team was one of the first to modernize the huge niche of trust savings. Historically, flagship projects attract the most investment. The platform is growing rapidly, which provides strong support for the native token. UBDN coin can be a good investment in the emerging cryptocurrency market.