Why you should get involved with Ubricoin
Ubricoin will support design, development and implementation of Ubrica project to decentralize global health. Ubrica project involves building world class capability for high quality life-science and health-production (LSHP) in the world. We will build a model physical project. Ubrica project will create nodes for highly advanced biomedical research and development, and highest quality health care services. The project will ensure sufficient support for discovery of solutions to most vexing health problems in the world, particularly those emerging from the African continent and other developing parts of the world. Ubricoin supports the Ubrica project which focuses on three vexing fundamental problems in health in Africa: access, quality and cost.
Ubrica will create access to health by increasing earning power of local people, and building a series of centers throughout the country.Read more.
To earn money, people have to sell what they produce.Read more.
Physical access will involve building health services centers in every ward around the country.Read more.
Quality of health is extremely low in hospital in Africa.Read more.
Cost of healthcare in Africa is very high and unaffordable to many local people.Read more.
What is Ubricoin?
UBRICOIN FOR UBRICA PROJECTS
UBRICOIN FOR WEALTH
UBRICOIN FOR HEALTH
UBRICOIN TO SUPPORT OTHER PROJECTS
We plan Ubricoin sales in the following manner
In order to make UBN token distribution process more efficient, the UBN price have been linked to ETH, BTC, USDT & Vindax Coin
1 UBN = 0.00000006 BTC
1 UBN = 0.000002 ETH,
1 UBN = 0.0005 USDT,
- 6.04 billion (40%) BMIC
- 3.02 billion (20%) URCCs
- 3.02 billion (20%) Soko Janja
- 3.02 billion (20%) - STPs
- 15.1 billion (75.5%) Ubrica projects
- 3.4 billion (17%) community development
- 1.5 billion (7.5%) Founders
Have Ubricoin in your investment portfolio for
gains and ultimate future wealth
Ubricoin is backed by health projects. Every unit of Ubricoin held, is a unit of value
With Ubricoin, you are assured of affordable, accessible and quality health
Ubricoin will be used to pay for health services in the Ubrica medical centres. These include: Ubrica Retail Clinical centers(URCC) and the Biomedical Industrial City (BMIC)
Ubricoin will be used to purchase good and services on Soko Janja, Ubrica’s online trading platform
Invest in the coin, trade the coin and earn from it
Anyone, when it goes to public sale and the current private sale.
To participate in the current private sale contact us on +254755844017 or email us at email@example.com.
- After the sale completion, Ubricoin will be the standard payment for health services in the country and perhaps the world.
- It will also be used to participate in all Ubrica projects e.g sokojanja,com to purchase local products.
- Ubricoin will facilitate the creation of an incentive program to reward excellence in education, research and practice
- It will build financial incentives for traditionally marginalized hardworking people who contribute knowledge for the betterment of humanity
Ubricoin is an ERC20 token, built on Ethereum blockchain protocol. As an ERC20 token Ubricoin is a distributed application that operates as:
- A utility token in Ubrica ecosystem.
As a utility token, Ubricoin is not an equity instrument such as a share of common stock. A utility token gives you access to products and services. A Ubricoin represents future access to Ubrica ecosystem. There are two types of utility tokens:
- Digital coupons,
- Tokens that provide users with access to its decentralized forum (i.e., products on Soko Janja, health services acting as health insurance).
Ubrica will issue tokens for development of its projects and this allows the token holders to access different Ubrica products or services in future. Participants in the Ubrican community can buy the token and use them to access Ubrica services, products and produce. The main purpose is to get access to the Ubrica ecosystem, but not to gain profits or dividends. Token holders will be enrolled on Soko Janja at no cost and get medical services at a URCCs without paying cash. The main value of the token is access to Ubrica’s proof of stake protocol tokenization platform.
As a crypto-currency, Ubricoin will operate just like fiat currency (e.g. dollar, Kenya shillings), but without intrinsic friction inherent in fiat currency. You can pay for goods and services with it without incurring charges from international exchange rates. Consensus by a network of computers all over the world verify transactions on Ethereum blockchain. As such, there are no middlemen, or organizations involved in validating transactions. Computer validation of transactions is by far, safer and inexpensive, because it does not incur costs such as human resources and fees that would be involved running transaction through a third party trusted human organization, say a bank. Furthermore, it is far easier to corrupt a human being than a computer. Humans are also prone to manipulating supply of money and prices in their favor. A programmed computer validation system helps to overcome problem associated with trusted third party human organizations.
In the long run, Ubricoin will appraise in value, just as common stocks do. In this way, Ubricoin can be regarded an investment instrument. We have seen other cryptocurrencies raising in value tremendously. This intrinsic power for crypto-currency increasing in value (such as what occurred with bitcoin), gives them characteristics of precious metal, such as gold. As you know, price of gold changes in time, although gold itself is not like water, that is generally needed.
In a similar way, Ubricoin can serve as store of value. Although land and buildings are good stores of value, generally, they cannot appraise in value in a rate anywhere similar to cryptocurrency. Reason: cryptocurrency market is global. Market for land and buildings is local. In fact, going forward, land will have progressively decreased value as most of the business go online, and as production technologies become available in Africa. Today, land in Kenya is the most valuable investment because our technological investment is rudimentary. As our use of technology improves, fewer and fewer people will be interested in land, as they can create a lot of value in a very small space (such as what is happening with Ubricoin. We do not need much land to create Ubricoin).
Universal health is not something that one rolls out. Many of our people are not interested in learning or understanding what is universal health. The government’s approach to universal health involves getting people to pay monthly contributions to the National Hospital Insurance Fund (NHIF). This approach is faced with two distinct difficulties: (a) the people working in the government are indifferent about where people get money to contribute to the Fund, and (b) the people working in the government are oblivious of the micro-economic problem of prioritizing family budget.
People working in the government are indifferent about where people get money to contribute to the NHIF
A huge problem in Kenya, is that unemployment rate can be as high as 90%, for people graduating from university, in certain disciplines. Millions of market-ready people cannot find jobs. It is extremely naïve to ask someone without a steady income to make monthly contribution to a fund. From where would he/she get the money to pay.
As you can see, people in government talking about universal coverage, without talking about increasing access to high quality well-paying jobs is the greatest nonsense of the present time. Indeed, because of this problem, it is practically impossible to scale NHIF. This means that NHIF is already fully saturated, and cannot grow beyond where it is right now. NHIF is already covering people with steady income, who are less than 20% of Kenyans. The rest of the population is in subsistence farming or just barely making it through the day.
People working in the government are oblivious of the micro-economic problem of prioritizing family budget
Imagine a woman who makes a living selling vegetables at the local market. In a good day, she makes 500 shillings. In some days, she makes 50 shillings, in many bad days she is not able to sell anything. Guys from government come around and tell her: “Woman give us your 500 shillings. We will put it away for you so that we will pay for your medical care when you get sick. We will even pay for your family.”
She has to feed her family at least twice a day. She also needs to buy uniform for her kids going to school. She has pay school fees…..and the list of needs continue. Maslow (1943), taught us that people will meet their immediate basic needs before they can think about meeting a needs in a distant future. Insurance is for meeting needs in a distant future. Even if the lady in this examples agrees to contribute to NHIF because of coercion by people in government, it is quite obvious she will in a future date have trouble prioritizing NHIF over school fees and food for her children. She will default her payments.
Soko Janja helps to overcome both problems. Soko Janja is very interested in how local people make money. Indeed, the sole job of Soko Janja, fully developed, is to help people create wealth. About 14 million families in Kenya do not have access to health care. Should Soko Janja reach the 14 million families, and help put money in their pocket by facilitating market for local produce, products and services, then they would not have problem contributing to the health fund. As an electronic market, Soko Janja can set money aside into a health fund. Such money will go into a smart contract that will pay medical services. Pooled smart contracts from millions of families will operate as health insurance.
We used the heuristic approach to come up with the pricing of the Ubricoin.
Heuristic approach is a practical method, not necessarily optimal, but sufficient
for reaching the Ubricoin immediate goal.
The following address is for the UBN token contract. It is NOT a deposit address. Do NOT send tokens to it. To deposit, use the Deposit form in the Tokensale platform.