Prices quoted are indicative of spot market prices (derived from https://coinmarketcap.com) at the time of display, and are updated every 5 minutes on screen. Actual price of the trade is dependent on the exact time that the investor transaction is received and confirmed. Investors will receive confirmation of trade and trade price within 48 hours via email.
The payor is responsible for tx fees. Most wallet providers and exchanges automatically add the fee to the tx cost. The payor is responsible for ensuring that tx fees are included in their deposits
Prices quoted exclude margin fees. As the payee, UBU Core (PTY) Ltd carries the risk for margin fees
We only accept ZAR from investors who are unfamiliar with trading in cryptocurrencies. This is a manual process conducted over email and only payments in ZAR via EFT are accepted. Email firstname.lastname@example.org specifying the quantity of tokens you wish to purchase and we will email you back the instructions on how to proceed
Token distribution only occurs following an external contract audit within approximately 10-15 days of the ITO closing date of 30 November 2017. After audit, we will notify you by email and your tokens will be visible in your MEW wallet provided on application
UBU Core does not act as an exchange, but UBX is expected to be listed on one or more crypto exchanges by the Commercial Release Date, expected in April 2018. As with all cryptocurrencies there are various OTC markets that attempt to match buyers and sellers
We only accept BTC (Bitcoin) and ETH (Ether)
South Africa is an extremely well regulated financial services and business environment. UBU Core (PTY) Ltd operates under the legal jurisdiction of South Africa and is governed by a board of directors backed by a strong regulatory environment. However the UBU and UBX tokens are created and issued within standard blockchain supported ecosystems which transcend national boundaries. Both UBU and UBX will be portable to anywhere in the world.
Metcalf's Law states that the value of a network is proportional to the square of the number of nodes in the network. Our 'nodes' are the number of citizens using the UBU app to exchange UBUs for goods and services. So the value of the UBU grows exponentially as each new citizen joins the UBU network and hence the UBX ought to do so as well.
Project UBU has been in development for two and a half years and in technical development for a year. It is currently being tested in Beta mode in South Africa.
By opening and reading any document on this website, you are deemed to have read and understood the contents of this Important Notice
Project UBU is a project undertaken by a South African registered and domiciled company registered as UBU Core Proprietary Limited, Reg. No.: 973076878 ("UBU Core / the Company"). The offer by UBU Core of the opportunity to purchase UBX tokens on the terms and subject to the conditions set out in this website and its related documents and other websites, is made in this context. The Company, as well as its directors and officers, make no representations as to the applicability of legislation or regulation in any jurisdiction. No warranty, representations and/or undertakings, express or implied, of any nature is given by the Company, its directors or its officers in respect of the UBX tokens, or their acquisition by investors. UBU Core specifically directs all interested investors to consult and take their own advice in relation to any decision to purchase UBX tokens including advice as to which legal jurisdiction/s may be applicable to them in respect of such acquisition. The nature of the UBX, like other cryptocurrencies and crypto tokens, is that they are both volatile and risky and the possibility exists that sub-optimal or no returns may be realised.
Regulation of crypto tokens varies considerably from one jurisdiction to another and purchasers from the following jurisdictions (while making no warranty, representations and/or undertakings in relation to any other jurisdictions) are specifically notified that it may not be lawful for them to purchase the UBX in these jurisdictions and that accordingly the UBX is specifically not offered to persons from such jurisdictions. Given the continually changing nature of regulations pertaining to cryptocurrencies and crypto tokens, the list below is not exhaustive: United States of America; Canada; Peoples Republic of China.
Beware of phishing and scamming sites that may redirect you to false links. Our tokens can only be bought from our official SSL secured site at https://buyprojectubu.comBuy UBX TokensHow do I open a MEW (MyEtherWallet)?