The Unibright ERC-20 utility token (UBT) is becoming the "Universal Business Token" as part of an upgrade to the underlying token model based on learnings, in part, from Unibright's ongoing collaboration with Provide on projects such as Baselining the North America Coca-Cola Bottling Supply Chain. Enterprises are ready to make tangible use of the public blockchain, and this represents a significant opportunity for UBT.
UBT is a voucher representing a limited license to use certain products and services.
🔥NEW: UBT is an integration gas, used by Provide Payments, to facilitate enterprise procurement of public blockchain services.
Customers must make an initial deposit of UBT with the platform, in an amount equal to the total fees due in accordance with the pricing indicated for each product and service listed here, by sending a transaction to a designated wallet managed by a professional custody service.
Each billing period, Customer pays again <-- fiat or UBT
🔥NEW: Provide Payments exposes a Managed Transactions API which calculates the amount of UBT needed to cover the underlying blockchain transaction costs (i.e., gas) at runtime, based on the current exchange rate of UBT against the native cryptocurrency of the target network (i.e. ETH). A hot wallet managed by a professional custodian service is used to fund transactions which are broadcast by Provide on behalf of customers using the API. Customers are billed in arrears on the first of each month for their usage during the previous month.
Half (50%) of the UBT is earmarked to provide liquidity to the integration gas service.
Half (50%) of the UBT is locked for the duration of the license or services engagement.
All (100%) of the UBT is deposited in wallets under the management of a professional custody service.
The following products and services may require customers to make an initial UBT deposit and/or incur recurring fees based on transaction volume, of which some of these fees may require payment in UBT. How these fees are calculated depends on which products and services a customer uses during a given billing period and how pricing works for those products and services.
$0.14 per transaction
$0.014 per transaction
$0.14 per transaction
Provide Core API
variable; from $0.50 per transaction
gas + 20% markup¹
variable; depends on licensing model
50% off time and materials if paid in UBT