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- 1 Universal Basic Asset is an advanced financial system mainly introduced for innovative Web3 app development and crypto mining.
- 2 The concept offers equity mining power to handle inequality and allow fair access to cryptocurrencies.
As the cryptocurrency industry is growing, people are getting rich, mining online for free. To reimagine cryptocurrency mining effortlessly and access to capital, Universal Basic Asset was introduced. The concept emerged as one of the game-changing projects in the crypto world and is adopted by more and more individuals.
Let’s delve into the concept, exploring its features and use cases.
What is a Universal Basic Asset?
Universal Basic Asset was introduced in Canada in 2021 and is defined as a facility that permits individuals to mine cryptocurrencies on the system. The concept is mainly designed to offer individuals a set of resources such as healthcare, housing, education, and financial facilities.
The primary goal is to offer a fairer and more sustainable ecosystem through technological growth and economic advancements. In addition to this, UBA acknowledges individuals’ needs and preferences, offering personalization and flexibility for asset utilization.
When it comes to crypto mining, UBA Finance allows individuals to mine crypto using a smartphone without any app installation. Individuals just need to create an account and connect crypto wallet to participate in mining.
Additionally, the network supports developers and constructs high-quality projects including forums, chat software, social, and other platforms. GameFi developers can consider the platform for customizable tasks, joining nFTs, airdrop etc.
The UBA ecosystem involves UBA tokens, UBA NFT, SUBA NFT, and UBA tickets, making the ecosystem more accessible to users.
Key Features of UBA Finance
UBA finance is a high-tech financial system that made crypto mining much more efficient. Here are a few of the features that make UBA Finance an outstanding performer.
Ecosystem support: UBA is highly supportive, allowing individuals to create high-quality ecological projects including chat software and social platforms.
SocialDi developer benefits: the system allows SocialFi developers to access a giant user base, mitigate the challenges of acquisition, and focus on development.
GameFi developer benefits: the UBA network is used by the GameFi developers to label functions to execute developed product activities.
On-chain transformation: individuals working with the network rating and analysis mechanism to establish and migrate off-user relationships.
Zero-knowledge proof privacy: to create a privacy layer, the platform uses Zero-knowledge proof that verifies user identities without exposing personal data.
All About UBA Token?
UBA, the native currency of Universal Basic Asset is not available on the crypto exchange and can only be achieved through mining. UBA token’s circulating supply is 1 billion tokens.
Creating an account, initiating crypto mining, replenishing the crypto tickets, and withdrawing the token helps in becoming a UBA holder.
Where to Use It?
Unlike other cryptocurrencies, UBA doesn’t involve direct cash transfers but instead offers access to generate income. A few of the major use cases of UBA are as follows:
Natural resources: the platform offers a share of the revenue from sustainable resources such as energy, water, and mineral sources. The concept simply sustains sustainable resource management and helps individuals generate income.
Land: using the UBA tokens, individuals can get access to land for different purposes including agriculture, housing, and leisure. In addition, food security and environmental care also help in promoting the platform as well as earning income.
Digital platforms: the UBA ecosystem also holds strong roots in the field of digitalization. The platform helps in accessing digital facilities, promoting the digital economy, and controlling personal data.
Intellectual properties: UBA tokens can also help individuals access a portion of royalty through copyrights, trademarks, or patents. Encouragement to innovation and creator acknowledgment are some benefits.
Conclusion
The Universal Basic Asset made it efficient for crypto enthusiasts to mine crypto and earn profit. The platform offers a wide range of facilities to developers including SocialFi and GameFi developers. The native token of the platform can be used in different areas like digital platforms, intellectual properties, land, and natural resources.
FAQs
What is a Universal Basic Asset?
The concept of UBA offers individuals with a part of shared resources such as natural resources, digital platforms, and intellectual properties.
What is the circulating supply of UBA tokens?
The UBA token holds a circulating supply of 1 Billion.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
