UNIVERSAL LABS: The Personalized Cloud Storage SystemsteemCreated with Sketch.

in #blockchain6 years ago (edited)

Introduction

Developed by the Universal Lab, Ubbey is a new feature of the blockchain platform. It works, based on the OWP protocol to foster peer to peer exchange. Ubbey helps guarantee the transfer of asset and ownership between participants.

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The Ubbey network is based on the decentralized blockchain technology network. It works, based on the Ownership protocol and the Ubbey Box to execute all transaction on the platform. Users can transfer all registered assets through user IP on the network.

The Ubbey box came as an innovative from the Universal lab. With a data storage size of about 3 terabyte, it gives user the opportunity of storing large amount of data. Besides, it comes with the cloud storage feature that allows user store their data in a single location and can access it anywhere. The possession of an Ubbey Box gives user membership of the Ubbey network.

The OWN Protocol – the platform for exchange Ownership

The main standard for digital data ownership and exchange is set by the OWP protocol. It allows users monetize their intellectual property. The OWP protocol comes with Dapps, which gives users the ability to connect the real and the virtual world. With this, transfer of ownership between both worlds is made possible.

Also, users can rent and buy data storage freely within the community. This is made possible by the blockchain powered ecosystem which allows users earn YOU coins. With this YOU coins, users can pay for services on the Universal lab platform.

The YOU Tokens

It is with the YOU tokens that the Ubbey Network seeks to ensure the growth and sustainability of the network.

All users will be charged for every transaction on the Ubbey platform. Thus, creation and execution of contracts, preserving the exchange of ownership is billed on the level of system resources needed to activate it. The value of a YOU token is a function of the number of transactions performed on the platform. It also depends on the number of resources available on the system.

10 billion YOU tokens will be supplied of which 40% will be sold during the period of token sale. The price of a hundred thousand YOU coins will be equivalent to 1ETH. Besides, for the entire sale period, the hard cap is set at 400000 ETH.

Features of the Universal Lab

  1. It can be used easily as the platform makes use of a Universal protocol like that of wide array of digital asset
  2. The Universal Lab will make use of its internal algorithm modules to focus the whole exchange process. This will make identifying of digital data owners very easy.
  3. With the Ubbey box, users will be able to differentiate between fake and real products
  4. All transactions with Universal Lab is done on the decentralized network. The use of the Ownership protocol and the Ubbey box allows for a completely transparent transaction.
  5. The network will engage a peer to peer model. This will facilitate the exchange of physical and digital assets between users.

The team of the Universal Lab is made of leaders in their respective fields. There are serial entrepreneurs, software developers and engineers as well as veterans with huge experience in the Blockchain network.

Token Details

Ticker: YOU
Price: 1 ETH = 100,000 YOU
Platform: Ethereum
Soft cap: 6 000 ETH
Hard cap: 40 000 ETH

More Resources

Website: http://ulabs.technology
Whitepaper: https://ulabs.technology/?page=protocol
Telegram: https://t.me/universallabs

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Nice review on universal lab. decentralized form of transactions are gradually taking the lead

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