UBU Finance: A Perfect Integration Of Advanced DeFi Applications on BSC

Intending to connect financial partnerships worldwide, the UBU team determines to grow DeFI platform to the most powerful one in the cryptocurrency industry.

By
BSCNews
on
March 3, 2021
Category:
Sponsored

Introduction

UBU Finance (Universal Binance Union) - is a decentralized platform that was launched on February 25, 2021. It integrates the most advanced DeFi applications with unique functions, such as deflation, benefit-sharing, and cross-chain interoperability.

 

Applications 

UBU Finance platform aims to integrate multiple applications such as UFarm, UBank, NFTs, Lotterys, UPools, and Cross-chain interoperability. Of which, the UFarm and UBank applications were launched successfully. 

A big part of the UBU Finance platform is UFarm, which provides exceptionally high APY for farmers and broadens the platform for all other applications. The user needs to provide liquidity to UBU on PancakeSwap to be able to join Ufarm. The liquidity rewards are distributed as follows:

80% farmed tokens shall be distributed to all Farmers while the remaining 20% shall be distributed equally to Development Fund and UFarm Referral Program. In each proportion, 25% shall be distributed to participants at once while 75% shall be locked for one year and distributed continuously block by block afterwards. This mechanism helps to stabilize the value of UBU Finance for serious investors. 

 

Security & Audit 

UBU Finance offers a high level of security as users can sign transactions and interact with DeFi protocols without exposing their private keys. Also, UBU is currently being audited by one of the most reputed auditing company – CertiK. While audits aren't the holy grail of security audits, extensive audits from reputable companies help weed out smart contract risks.


Liquidity Seeds

The UBU team has successfully raised 100,000 BUSD from a private sale round called "Liquidity Seeds". The purpose of this fundraising round is to provide initial liquidity for the UBU token once listed on Pancakeswap. This liquidity pool is locked for six months, showing a long-term vision and commitment to project development from the UBU team. 

3,000,000 UBU (equivalent to 5% of the total supply) was sold separately to community organizations and influential individuals on social networks with a commitment to support UBU Finance promotion. The price per UBU was 0.0333 BUSD.


Non Fungible Tokens

Besides the apps launched, we also know an exciting application in the UBU ecosystem: the NFT (Nonfungible tokens). UBU Finance will launch its NFT market in the second quarter of this year.  NFT (Nonfungible tokens) are having a moment. In recent weeks, notable investors Mark Cuban and Chamath Palihapitiya have signaled their growing interest in this corner of the crypto economy, adding fuel to a rally that was already red-hot. 

It's tough to measure the total NFT market's size due to how these tokens are structured. Each NFT is a non-replicable digital asset. Because there's only ever one NFT, each asset is essentially its own market. The total value of NFT-based crypto art is now above $100 million, according to CryptoArt.io, which tracks the largest platforms dedicated to art sales.

Cross Chain Interoperability

The UBU team is also developing Cross-chain solutions. This feature will be launched in the third quarter of this year. This is key to the future of UBU as Cross-Chain technology is increasingly becoming a hot topic of discussion. It is seen as the ultimate solution for enhancing interoperability between blockchains. In Layman terms, Cross-chain Technology is an emerging technology that seeks to allow transmission of value and information between different blockchain networks.

Increased usage of established networks like Ripple, Bitcoin, and Ethereum, while a good thing, has given rise to many issues. The largest of which being economical and technical scaling limitations. As discussed above, most blockchain networks operate on isolated ecosystems as they address they try to resolve a unique set of needs. The chains operating in isolation have mostly made it impossible for people to enjoy the distributed ledger technology's full benefits. Cross-chain, technology seeks to solve all these issues by enabling interoperability between blockchains, thus making it easy for them to communicate with one another and share information.

Further information regarding UFarm and other applications could be found here.


Roadmap

Up to Quarter 1, the UBU Team has completed all their developments on schedule. The most notable developments were Liquidity Seeds' success, the release of UFarm + UBank applications, and the submission of their Smart Contracts for auditing. 

Further information regarding future plans could be found here.


Stay updated with UBU Finance via the following links:

Home page 

Twitter 

Telegram Chat 

Telegram Channel

Github

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

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