Disclaimer: This report is based on information available as of March 5, 2024. The cryptocurrency market is highly volatile and the data might change significantly in the future.
Ubiq (UBQ)
Project Introduction and Brief Summary:
Ubiq is a public, permissionless, and EVM-compatible blockchain platform designed for enterprise applications. It aims to offer a stable and secure environment for building and deploying decentralized applications (dApps), tokens, and non-fungible tokens (NFTs). https://ubiqsmart.com/en/wallets
Project Release Date & Token Release Date:
- Project Launch Date: January 28, 2017 https://ubiqsmart.com/en/wallets
- Token Release Date: January 28, 2017 https://ubiqsmart.com/en/wallets
Market Capitalization:
- $367,317 (as of March 5, 2024) https://www.coingecko.com/en/coins/ubiq/usd
Current Price:
- $0.007652 (as of March 5, 2024) https://www.coingecko.com/en/coins/ubiq/usd
Exchanges where the cryptocurrency is currently listed:
- Bitfinex
- HitBTC
- Gate.io
- Bithumb
- Uniswap (v3) https://coinmarketcap.com/currencies/ubiq/
Competitors:
- Ethereum (ETH): Market Cap – $207,339,803,346 https://coinmarketcap.com/currencies/ethereum/
- Avalanche (AVAX): Market Cap – $12,494,255,302 https://coinmarketcap.com/currencies/avalanche/
- Solana (SOL): Market Cap – $53,274,909,367 https://coinmarketcap.com/currencies/solana/
- Polygon (MATIC): Market Cap – $10,444,924,327 https://coinmarketcap.com/currencies/polygon/
Use Cases:
- Building and deploying dApps
- Creating and managing tokens
- Issuing and trading NFTs
- Securely storing and transferring data
Technology:
- Proof-of-Work (PoW) consensus mechanism with a custom hashing algorithm called Ubqhash
- EVM compatibility allows developers to port existing Ethereum dApps to Ubiq
- On-chain governance system called Escher
Smart Contracts and Audits:
Ubiq supports smart contracts written in Solidity, which is the same language used on Ethereum. However, unlike Ethereum, Ubiq does not have a formal smart contract audit program.
Investors or Partners Involved (Within the last 90 days):
No recent news regarding investors or partners was found within the last 90 days.
Amount of Money Raised During Presale/ICO/Seed Rounds:
Ubiq did not conduct a public ICO or presale. The project launched through a fair launch, meaning all UBQ tokens were mined and distributed through the PoW mining process. https://ubiqsmart.com/en/wallets
Token Distribution:
- 100% of UBQ tokens are mined through the PoW process.
Token Economics and Use Cases:
- UBQ is the native token of the Ubiq network.
- It is used for:
- Paying transaction fees
- Staking to participate in governance
- Securing the network through mining
Roadmap:
The latest roadmap update was published in January 2023 and outlines plans for further development of the Ubiq platform, including:
- Enhancements to the Escher governance system
- Integration with Layer 2 scaling solutions
- Development of a mobile wallet
Team Members:
The Ubiq team is composed of developers and researchers with experience in blockchain technology. However, specific information about individual team members is not publicly available.
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