/biz/ - Business & Finance

Proofs?

>>19765900
Nigga this shit is LITERALLY 50x in 8 months. Why would you even consider buying it until Q4 at the latest.

I say 50% more retrace, and I'm buying up more VRA.

>>19765900
No token needed:

CEO literally says its a 'voucher' for access.

Will be shut down by every serious government agency - FINMA, SEC etc etc

>>19765900
and DAN (Celium guy) is the biggest cunt in crypto.

>>19766907
>No token needed:
>CEO literally says its a 'voucher' for access.
Imagine being so retarded you actually write these two sentences right next to each other.
The token is needed to access the service. What about this do you find difficult to understand? Would it help if someone drew some pictures to explain it to you?

>>19767142
>The token is needed to access the service
KEK BASED RETAD

token not needed is cute fud since the regulators literally winked it through as one of the first tokens that have utility

>>19767584
Source?

>>19767275
>what is a utility token
Looks like you do actually need pictures before you will understand this. Go and read Unibright's homepage and think about it for five minutes. If you still don't get why the token is needed, ask and someone will explain it to you.

Whoever peddles the "token not needed" argument is a fucking out right spastic.

In order take advantage of bitcoins decentralised properties and security you need to buy bitcoin. Bitcoin is essentially a digital token.

In order to access the services of Unibright you need to buy UBT.

It's the whole fucking point of tokenisation or cryptocurrencies.

Some of you dumb fucks need to wake up and use youre uneducated, heathen like fucking brains and maybe, just maybe you will be able to put one step forward in life.

If you know you know

>>19766406
Its easily worth more on fundamentals alone lol. Look at shit that is priced 50x what it is... When stuff like BSV, BCH is in the top 10, then anything with a usecase could moon.

>>19768765
Are token peddlers in 2020 acually saying this lol?
Like 2017 never happend TOKEN NOT NEEDED its literally vid-t situation but backed by basline hype

>>19765900
Token is literally a 'voucher' to access the framework.

So let me pose a Q to you brainlets:

As the chain uses eth for tx fees, why couldn't you charge your license fee in fiat?

You have the benefit of the blockchain via eth, so why need your own token for licenses?

NOBODY FROM UBT CAN ANSWER THIS Q

SCAMMY CASH GRAB ICO

>>19769073
Let me guess, you didn't buy at 5 cents.

>>19768831
know what anon ? isnt this the icnq wallet

Truth, because eth is going back to double digits

>>19769095
Could the chain work without the $UBT token?

Yes.

Therefore, token is worthless.

>>19769328
So you didn't make a 10x on UBT this year? Why not?

>>19769177

Yeah i think it's Iconics wallet.
Those are part of the 2 million they got for helping to start up UBT.

>>19769337

I got out at 5x

Not bad for something that is inherently worthless!

>>19769419
So you sold for a profit and now you're fudding? Trying to buy back in, or is your time just completely worthless?

It is going to top 10.

There is a big demand for baselining with Unibright, we are prioritizing demand in talks to several entities, from Germany to US, from tech to production, from startup to Fortune 100, from “ideas” to “please baseline my ERP”. Many of these requests include SAP integration, and here we can greatly play out or 20+ ys experience combined with our blockchain integration expertise. Our goal is to not only do “another PoC” (although PoCs are great!) but also build our framework tools around dedicated Baseline templates to support as many future customers as possible. We are working on some of the leads together with our latest partners from provide as well. We are happy to be part of ETH Atlanta conference on Thursday, where we also have a speaker slot (next to Kyle from Provide and John Wolpert).

>>19766907

Who ever tells the argument "no token needed" is either a retarded, or someone who clearly missed the boat in one of the most successful projects of all times.

No Token Needed ??? Ok, how do you use their service without their token ?? The all system is designed to use the token... no token, no service.

It's an utility token... want to utilise you have to get the token !!!

>>19766406

Thats the single worst argument I've ever heard... it's 50X in price in 8 Months? yes, more or less, but started from where? literally from fucking zero!!!!

What counts is the marketcap, which is currently $59M.... and it's heading to the hundred millions, because is what happens when you have a top notch service and all the big boy companies will be your clients.

>>19769534

Not soon, but for sure.

LINK2.0

>>19770370
Could the chain work without the $UBT token?

Yes.

Therefore, token is worthless.

>>19770643
>Could
>Yes.
>Therefore
brainlet

>>19770643

No, it can't work without UBT. Since it was built by design to use the UBT token... so it's not a "if", but it's a fact.

That argument is so stupid, basically you could apply it to all utility tokens... yes, in theory you dont need any tokens in any project, you could just use ETH... but the thing is, ETH was built with tokens and utility tokens in mind, and it makes a big part of ETH usage case, so it's irrelevant what you think.

You could say the exact same thing about LINK, LEND, RCN, LRC, BAND, etc etc etc and it would be absolutely irrelevant, since all those projects were built with an utility token by design, their platform wont work without it.

You have a problem, you dont understand jack shit about what a utility token is.

>>19769177
That was the literal point yes

>>19771418
>Could the chain work without the $UBT token?
>Yes.
>Therefore, token is worthless.

consultancy token business model

>>19771776
we know your brain is mold
can I feed my dog with it?

ALWAYS listen to 4chan, never dyor
Thats how you will get rich. These are great people on here, they’ll never steer you wrong.

>>19771776

You a bit retarded?

Please provide proof of what you saying, by explaining how would you use Unibright Services today without UBT ?

Answer: You can't use their services without their token, therefore you need to buy it.

>>19771418
you only "need" it for the first time activation, after that it's useless
even so the costumers buy it at 14 cents

>>19769419
Sure you did.
>>19770643
>Could the chain work without the $UBT token?
It is not a "chain". Nice work researching your arguments anon.
No you can not use the Unibright smart contracts (like the SAP connectors that has enterprises creaming their pants) without UBT. Next question.

>>19772215
Not exactly.
Tokens are calculated based on estimated transactions smart contracts and so on with a specific use case. Let's say you need more transactions within the framework or expand your use case then you need to buy more tokens.

>>19772215

Nope... you need it to activate and enter the system, and you'll need it further as you expand services.

At the end of the day, the more enterprises use UBT, more demand for UBT, price goes up. Token model is almost perfect, it will correlate the adoption and growth of their operations to the price of the token.

Anyone saying tokens is not needed,, doesnt understand blockchain, crypto, smart contracts, utility tokens, decentralisation and so on.
If you don't know then your mind is still stuck at fiat vs crypto.
If you have understanding then it's not about why the token are needed.

Could it work with fiat.. yes but that's not what this is about. The utility token designed by Unibright which is 100% regulated by the way, makes the process a whole lot easier and also possible automate the whole process. +additional usage to it like workshops, consultancy, lower gas fees, and it will be used for Freequity as well.

>>19772809
So since token price moves up runnig cost of usage goes up with usage/scaling/adoption not down like every other buisness in history of earth?

Nice just sold 100k

Too many coins to buy, already want to grab a bag of BNT, convince me this is better?

ubt’s token is an overly complicated microtransaction that kneecaps the project’s scaleability. you have to buy it through a third party.

the example they used in a medium post explaining the model was that unibright the service is like a custom car, and the token is the gas. their current model is effectively like if you had to bring your own tank of gas to the dealer, or push the car to a gas station yourself. but then the dealer sells spent gas to you back at 14c. it makes no sense. the team still hasn’t provided a real justification for their specific token model, and that’s why the token in its current form is seen as being unnecessary.

“token not needed” is untrue obviously, but “token shouldn’t be necessary for this service” is absolutely true. there’s literally zero reason to require purchasing a voucher from a third party versus offering these internally. their solutions are aimed at massive corporations, given the scalability of their SAP implementation, but they’re not going to be able to court a large customer base with this model, and the token price will perpetually be kneecapped by the 14c internal standard. UBT’s an awful investment for newcomers, and only really a worthwhile hold if you got in at close to the ICO price.

>>19773055
That's good fud, I think I'll just buy BNT

>>19772977
Lol no btw sell all your tokens if you are like this.

They buy an estimated amount from the market and rebuy these tokens after one month for 0.14 cents.
They don't have to buy all these tokens all at ones, they can also buy more then the estimated amount. But just read the token model lol.

>>19773135
I did and its most usless retarded shit i ever saw

>>19773055
Lol why doesn't it make sense? A used token doesn't loose it's utility or get burned like gas in your car.
The token model is designed to add additional utility which they did with freequity and now also for Baseline it makes it flexible. Its not really about fiat vs crypto they can do it possibly without a token but there are no reasons not to.

Not being able to court large customers is nothing more than a assumption. We'll see about that. Demand is increasing from customers so I guess we will find out.

>>19773216
Then don't buy

Dear Community,

we have some busy weeks behind us, and the weeks to come are just as busy – buidl, buidl, buidl!

This update is a little longer than usual, let’s go!

UB FRAMEWORK and BASELINE

There is a big demand for baselining with Unibright, we are prioritizing demand in talks to several entities, from Germany to US, from tech to production, from startup to Fortune 100, from “ideas” to “please baseline my ERP”. Many of these requests include SAP integration, and here we can greatly play out or 20+ ys experience combined with our blockchain integration expertise. Our goal is to not only do “another PoC” (although PoCs are great!) but also build our framework tools around dedicated Baseline templates to support as many future customers as possible. We are working on some of the leads together with our latest partners from provide as well. We are happy to be part of ETH Atlanta conference on Thursday, where we also have a speaker slot (next to Kyle from Provide and John Wolpert).

FREEQUITY

We are entering the final steps for preparing a public demo of two components of our Freequity Platform. Interestingly, we also see more and more request in terms of integration of security tokenization ecosystems into SAP systems, primarily in the custody and reporting sector. Thus, we currently drive on two tracks within Freequity: the development of our own, white-labelable components; and integration solutions especially targeting the tokenization sector. Another outcome of our Freequity development is “Transthereum”, a blockchain explorer comparable to etherscan, executable on local developer machines to have an easier access and monitoring, e.g to Ganache. We are currently checking in how far we can put this small part of the project open-source, as it would help the entire blockchain ecosystem to make developments faster and more comfortable.

RESEARCH & DEVELOPMENT

As we (=those who prepare to be there when blockchain is an established technology) are still in a very young environment, it is always needed to keep an open mind and follow developments in the ecosystem. It is too much to list here, but to give you an impression, two of the research tasks our team members are currently looking at are:
* SAP cloud front and blockchain integration into S/4 Hana and SAP Leonardo.
* Checking machine learning algorithms on Ethereum to predict GAS usage for baselined processes

UBT

To add additional utility to UBT, we are currently working on design, documentation and calculation how UBT can be used as “the integration GAS”. Being blockchain agnostic AND having a token model that allows to benefit from all the attributes of a programmable token and at the same time mitigating the (initial) usage of a voucher token combined with a (later) renewal option by Fiat, we have the perfect setup for enterprise usage. It is an outstanding position in the space when it comes to an “enterprise friendly” token model. This is crucial, when you are working on enterprise adoption! With Baseline this gets even more obvious and our goal is to build our solutions around UBT in a way that UBT is the only “Universal Blockchain token” an enterprise needs to integrate (and / or baseline) into whatever blockchain.

Have a unibright week!
Stefan

More FUD, better price, right? Once he gets loaded he will shill. I will hold, not selling to him. No matter how much he tries to screw others.

>>19773480
They're reading now

>>19773055

What would be the point of not having their own token? Same with LINK and other projects. Yes, in theory you could implement a no-token project but that would take out of the table a big incentive for investors and community (both essential to future growth).

The easiest way to undertand this is:
- The more clients there are, the less UBT will be on the market, supply/demand will make the rest:
https://medium.com/@UnibrightIO/unibright-answers-the-unibright-token-model-7f849875662c

About the $0.14 internal price, it's not easy to understand it doesnt affect the market price in any way. Its independent if you understand the concept of a voucher.

UBT can be trading at $10 one day, and still the $0.14 in effect. Supply and Demand my friend.

>>19769073
i thought i read somewhere recently that fiat is a possibility in the future and they are thinking of other ways to use the token - which could be a red flag for long term investment

>>19773880
>To add additional utility to UBT, we are currently working on design, documentation and calculation how UBT can be used as “the integration GAS”. Being blockchain agnostic AND having a token model that allows to benefit from all the attributes of a programmable token and at the same time mitigating the (initial) usage of a voucher token combined with a (later) renewal option by Fiat, we have the perfect setup for enterprise usage.

https://www.reddit.com/r/Unibright/comments/h9bn3l/unibright_weekly_update_from_stefan_schmidt/

>>19773926
>renewal option by fiat

honestly it just seems like they are making things up as they go - in regards to token economics

>>19773926
No, clients need to buy the tokens first from the market for the marketprice.
Once bought from the market they can Rebuy (renewal option) those tokens for 0.14 cents. Good for investors, clients(stable price incentived to sign longer contacts)and unibright (as it is revenue)