UBD Network (UBDN)

The UBD Network platform aims to be a WEB 3.0 solution for cold storage, inheritance and protection of crypto-assets based on multi-signature technology on Ethereum and L2 networks.

The new goal of the UBD Network project is to provide users with transparent asset management tools, focusing on the storage and multiplication and inheritance through technologies for creating digital trusts.

In addition to providing rewards, UBD Network was established to provide financial security via the Trust System, which is managed by smart contracts under completely transparent guidelines with no middlemen.

🤑 $UBDN coin - utility token, which allows its owners to support the ecosystem, become Keepers and participate in Epochs to receive monthly rewards in $UBD. Each epoch participant will receive half of the UBD Network Rewards, which are generated from UBD transaction fees and trust maintenance.

💰 United Blockchain Dollar ($UBD) is an algorithmic stablecoin backed by BTC, ETH, and other USDT and DAI stablecoins held in the UBD Network Attractor. UBD is a key system element that provides access to the UBD Network Trust mechanism.
UBD Network has announced an airdrop for participation in the early access program for DeTrust Multisig Wallet, a next gen professional wallet with a delayed crypto asset transfer function. A point farm is currently available for completing tasks and for purchasing their $UBDN token on the early access page. Participation is open until August 26, 2024. You can check your wallet and the number of points on the leaderboard.

 

The CoinLaunch team analyzed UBD Network and identified some pros and cons to consider before investing or participating in the project airdrop: 

✅ UBD Network pros: 

• Confirmed airdrop;
• Strong growth and influencer performance marketing; 
• Above-the-average SMM;
• Security audit from tier 1 company.

📛 UBD Network cons:

• Unusual airdrop (or token sale?) model: selling tokens via the website with a discount while it’s already listed on exchanges; 
• 75% of Total Supply is allocated for token sale;
• No public vesting schedule; 
• No public info on fundraising; 
• Lack of backers and partners; 
• The core team’s country of origin is a terrorist state - russia;
• No bug bounty program.