What is Universal Basic Asset (UBA Finance)?

Universal Basic Asset, often referred to as UBA Finance, has garnered significant attention from users. But is it a worthwhile endeavor? With nearly 10,000 individuals engaging in free online mining daily, one may wonder about the potential profits it can yield.


In the realm of cryptocurrency, fortunes are made daily, and substantial airdrops are received by those who keep a watchful eye on select projects and invest time in understanding and participating in them. Universal Basic Asset, or UBA Finance, has been gaining prominence among users. So, what exactly is UBA Finance, what value does it offer, and how can it benefit you?


Understanding Universal Basic Asset (UBA Finance):

Universal Basic Asset aims to construct a SocialFi network and a Decentralized Identity (DID) system with enhanced privacy protection within the realm of WEB 3.0. It introduces the concept of Universal Basic Income (UBI) and, through careful research and analysis of users and their relationships, migrates existing off-chain user relationships onto the blockchain. This process establishes a network of user relationships on the blockchain. UBA Finance utilizes the UBA network rating and analysis mechanism in conjunction with algorithms like PageRank to precisely evaluate users, making this data accessible to WEB 3.0 developers.


UBA Finance employs zero-knowledge proofs to build a privacy layer for user data. With this privacy layer, users can validate their identities and the legitimacy of their identity tags without revealing their data on the blockchain. This approach paves the way for the creation of a SocialFi network and a Decentralized Identity (DID) system with robust privacy safeguards in WEB 3.0.


The Universal Basic Asset APP:

Founded in Canada in 2021, Universal Basic Asset offers a unique service through its official website, uba.finance. This service enables cryptocurrency mining using your computer or smartphone.


Unlike traditional cryptocurrency mining, which often demands expensive specialized equipment and consumes significant energy, UBA Finance has garnered attention for its smartphone-friendly mining approach. There's no need to install an app; you can simply visit the official website, register an account using your email address, or connect to the website through your cryptocurrency wallet browser to participate in mining.


The simplicity of UBA Finance's operation does not undermine its quality. Through straightforward mining, Universal Basic Asset (UBA) migrates off-chain relationships onto the blockchain, rapidly amassing users. It employs various tools and algorithms to establish its unique UBA ecosystem, catering to WEB 3.0 developers.


Leveraging the UBA user relationship network, UBA supports developers in creating high-quality ecosystem projects, including but not limited to chat applications, forums, social platforms, and other applications.

SocialFi developers can harness the extensive user base and influence of UBA's network, bypassing the initial hurdles of gaining user traction and focusing squarely on development.


GameFi developers can tap into the UBA network's user labeling features to conduct tailored activities, such as customized tasks, exclusive mining pools, joint NFTs, airdrops, and more, precisely targeting their desired user groups and importing traffic effectively.

What is the UBA Economic System?


UBA NFT:


UBA Crypto Trader and UBA Influencer 3D Avatar serve as the embodiment of users' identities within the UBA economic system. Currently, they are integrated with the Binance NFT and OKX NFT markets, providing exclusive rights and benefits, such as access to NFT mining pools, increased mining coefficients, and governance voting.


SUBA (NFT):


SUBA represents a user's identity within the UBA network and is distinct from UBA NFTs. SUBA will be integrated into the entire UBA ecosystem, granting users the rights and privileges associated with UBA NFTs. In the future, SUBA users will have priority participation in ecosystem projects and receive rewards.


Key features of SUBA:


Non-transferable: Users cannot transfer SUBA to other users. Uniqueness: Each user is eligible for only one SUBA. UBA Ticket:


UBA Tickets are distributed fairly based on a user's online activity, with a 25% reduction in output annually. In the UBA ecosystem, UBA Tickets can be exchanged for Ticket Quotas, UBA Tokens, NFT upgrades, synthesis, and can be pledged to enhance user and team level coefficients, among other uses.


UBA Token:


The Universal Basic Asset Token (UBA Token) serves as the governance token for the project. UBA Tokens are utilized to support the development of the UBA ecosystem and have a maximum total supply of one billion tokens.


According to official statements, UBA plans to hold a community vote in the second quarter of 2023. Leveraging the UBA user relationship network, this vote aims to support developers in creating high-quality ecosystem projects, which may include chat software, forums, social platforms, and other applications. This initiative seeks to strengthen relationships among group members, boost activity, and increase influence within the ecosystem.


Universal Basic Asset (UBA) is a novel form of initial capital, with 10% of it perpetually distributed for free. By acquiring UBA through my link, both you and I will receive a 1016.74633133 mining quota. Let's take some time each day to explore online mining. We eagerly anticipate the launch of UBA on the main network, facilitating the circulation of UBA Tokens and delivering value to all stakeholders.


We have reason to believe that the Universal Basic Asset Token will leverage its strengths in the WEB 3.0 social arena and contribute to building a thriving social ecosystem. It also promises to offer substantial benefits to early adopters who have paid attention to this project. Join us in experiencing online mining and look forward to the full launch of UBA on the main network.

What is Universal Basic Asset (UBA Finance)?