UBA token system update

Universal Basic Asset (UBA) will upgrade the token system at 0:00 on February 12, 2023 (utc time), and the original UBA Test will be renamed UBA Ticket. The upgraded dual currency is: UBA Ticket and UBA Token. After the upgrade, the dual currency system will be better circulated in the entire ecology and make greater contributions to the UBA ecological construction.

UBA Ticket is distributed fairly according to the user’s online time, and the output is reduced by 25% every year. At the same time, inviting friends to join the UBA network can increase the user level and obtain a mining coefficient bonus. You can also increase the mining coefficient by pledging NFT.

In order to reward early users for their support of UBA, we will automatically convert UBA Test into UBA Ticket at a ratio of 100:1. In the future, UBA Ticket can be used to exchange Ticket Quota, exchange UBA Token, NFT upgrade and synthesis, pledge UBA Ticket to improve user level and team level coefficient, etc.

Universal Base Asset Token (UBA Token) is the governance token of the project, supporting the development of UBA ecology, with a total of 1 billion.