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        <title>Ubit</title>
        <link>https://paragraph.com/@ubit</link>
        <description>Ubit is a crypto exchange platform headquartered in Singapore</description>
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            <title>Ubit</title>
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            <link>https://paragraph.com/@ubit</link>
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        <copyright>All rights reserved</copyright>
        <item>
            <title><![CDATA[Ubit Onepager]]></title>
            <link>https://paragraph.com/@ubit/ubit-onepager</link>
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            <pubDate>Thu, 03 Aug 2023 04:29:10 GMT</pubDate>
            <content:encoded><![CDATA[<figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/bcab6bb726fd59c59bf85ab4b174347febb29b80a9cbb44d7fa7b653ee0cc34f.jpg" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure>]]></content:encoded>
            <author>ubit@newsletter.paragraph.com (Ubit)</author>
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            <title><![CDATA[
Analysis of Ubit's IEO Rules Case]]></title>
            <link>https://paragraph.com/@ubit/analysis-of-ubit-s-ieo-rules-case</link>
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            <pubDate>Fri, 28 Jul 2023 14:43:44 GMT</pubDate>
            <description><![CDATA[IEO Gameplay Rule 1 (UB Input Mode) Core Gameplay: The more UB you hold, the more you can subscribe. UB input mode calculation rule: Under Ubit Launchpad&apos;s UB input mode, Launchpad participants can calculate the amount of tokens allocated according to the following formula: Amount of tokens allocated to a user = The number of UB input by the user / The total number of UB input by all users * The total number of tokens sold in this Launchpad period Project Example: 1.IEO page includes bas...]]></description>
            <content:encoded><![CDATA[<figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/52a4903aec8de191f254546740f8182d096297dda58a3e4f5f6810b12ade6360.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>IEO Gameplay Rule 1 (UB Input Mode)</p><p>Core Gameplay: The more UB you hold, the more you can subscribe.</p><p>UB input mode calculation rule: Under Ubit Launchpad&apos;s UB input mode, Launchpad participants can calculate the amount of tokens allocated according to the following formula: Amount of tokens allocated to a user = The number of UB input by the user / The total number of UB input by all users * The total number of tokens sold in this Launchpad period</p><p>Project Example:</p><p>1.IEO page includes basic IEO token information (project introduction, IEO price, release ratio, personal token exchange cap, etc.)</p><p>2.Participation method:</p><p>→Log in to Ubit account</p><p>→[Position Statistics Stage] During the position statistics stage, Ubit will take a snapshot of the user&apos;s asset account to calculate the user&apos;s average UB position (the sum of hourly snapshots/the number of snapshots, the user&apos;s average position calculated by &quot;Launchpad&quot; = full account average position), the user needs to ensure sufficient UB in the asset account during the position statistics stage.</p><p>→Calculate the maximum input UB: The user&apos;s maximum input UB depends on the average UB position during the position statistics stage. During this period, the UB holdings of the user&apos;s entire account (including spot account holdings, leverage account holdings, contract account holdings, P2P account holdings, wealth management account holdings) will be counted, including frozen, locked, etc. UB holdings.</p><p>→When the input phase begins, the system will announce the UB exchange price, which is the average UB price during the position statistics phase (every 4 hours).</p><p>→Input UB: The user&apos;s maximum input UB is the average UB position of the user during the position statistics stage, and the user can also choose to input a smaller number. After the input is completed, the user&apos;s UB will be locked and wait for the allocation statistics.</p><p>→Input calculation: After the end of the input stage, the system will calculate the number of Launchpad tokens allocated to each user.</p><p>→Deduct UB: After the number of tokens allocated to each user is determined, Ubit will deduct the corresponding UB. The remaining UB and Launchpad tokens will be automatically credited to the user&apos;s spot account (the tokens of this Launchpad will be unlocked in batches).</p><p>→Special attention: (1) The user&apos;s UB position will be snapshotted after the start of the position statistics stage, please complete the position as soon as possible. The user&apos;s average UB position = the sum of UB positions at the snapshot / the total number of snapshots during the position statistics stage. The total number of snapshots during the position statistics stage remains unchanged. If the user&apos;s holding time is later than the start time of the position statistics stage, they will lose several snapshot positions. (2) Market makers and broker accounts cannot participate in this event (3) Only the main account can participate in the event, sub-accounts will automatically lose the qualification to participate and cannot get rewards</p><p>IEO Gameplay Rule 2 (Position Pool)</p><p>Project Example:</p><p>●Token Name: Bitcoin Improvement Proposals 1 (Token A)</p><p>●Total Supply: 21,000,000 Token A</p><p>●Launchpad Total: 2,100,000 Token A (10% of the total tokens)</p><p>●UB Position Pool Total: 2,100,000 Token A</p><p>●Exchange Price: 1 Token A = $0.1 (UB price announced 3 hours before the end of the position snapshot period) UB Position Pool UB Position Pool Total: 2,100,000 Token A Total votes: 18,000 votes, 1 vote = 116 Token A</p><p>Participation method:</p><p>1.Register Ubit account</p><p>2. Login to the Launchpad page and click the &quot;Sign Up&quot; button</p><p>3. Ubit will take a snapshot of the user&apos;s asset account during the position snapshot period to calculate the user&apos;s average UB position.</p><p>4.Participation in the activity requires an average position of ≥ 2,000 UB</p><p>(1) If the average position is less than 2,000 UB, you will not be able to participate in the vote distribution</p><p>(2) An average position of less than 2,000 UB will be displayed in [My UB Position], but will not be included in the [Total UB Position]</p><p>5. Users will see the &quot;Estimated Number of Votes&quot; on the individual page during the [Holding Snapshot Period].</p><p>(1)Estimation &amp; Calculation of Votes: The estimated number of votes &amp; number of votes obtained = User&apos;s average UB holding / Total average UB holding of all participating users * Total number of votes in the UB holding pool. The number of votes obtained by the user is calculated according to the rounding down rule. For example, if the user gets 1.9 votes, it will be counted as 1 vote; if the user gets 0.5 votes, it will be counted as 0 votes.</p><p>(2)Single person ticket exchange limit: 1 ticket (116 Token A) - 360 tickets (3)During the holding snapshot period, the estimated number of votes will change with the proportion of UB holdings. 6.After the token exchange is opened, users need to manually exchange UB and Token A on the Launchpad page. Ubit will announce the UB price 3 hours before the end of the holding snapshot period.</p><p>7.Special attention:</p><p>(1) The snapshot statistics of user&apos;s UB holdings will start after the registration, please register as soon as possible. The user&apos;s average UB holding = The sum of UB holdings at snapshot / Total number of snapshots during the holding snapshot period. The total number of snapshots during the snapshot period remains the same. If the user&apos;s registration time is later than the start time of the snapshot period, some snapshots will be lost.</p><p>(2)Market makers and broker accounts cannot participate in this activity.</p><p>(3) Only the main account can participate in the activity, sub-accounts will automatically cancel the eligibility to participate and cannot get rewards.</p><p>IEO Rule 3 (Sunshine For All)</p><p>Suppose the total amount of the Sunshine For All pool: 210,000 Token A</p><p>Participation method:</p><p>1.After the UB holding pool voting results are announce, we will count users who have successfully participated in the UB holding pool (participation in the activity requires an average holding ≥ 2,000 UB) and received less than 1 vote. All these users will participate in the average split of 210,000 Token A.</p><p>2.The individual maximum token limit in the Sunshine For All pool is the Token A corresponding to 1 vote. 3.The Token A in the Sunshine For All pool still needs to be exchanged with UB, but no manual exchange is required from the user. Ubit will publish the automatic exchange rules for the Token A in the Sunshine For All pool after the UB holding pool voting results.</p>]]></content:encoded>
            <author>ubit@newsletter.paragraph.com (Ubit)</author>
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            <title><![CDATA[Ubit: Innovation to Create Wealth for Users]]></title>
            <link>https://paragraph.com/@ubit/ubit-innovation-to-create-wealth-for-users</link>
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            <pubDate>Fri, 28 Jul 2023 14:33:46 GMT</pubDate>
            <description><![CDATA[With the development of the global digital economy, the cryptocurrency industry is rapidly accelerating. As a new type of digital asset, cryptocurrencies have received widespread attention and acceptance globally. In this context, new cryptocurrency exchanges have emerged under the drive of various asset innovations. Early cryptocurrency exchanges offered a single type of trade, and due to technical limitations, their trading features were relatively basic. With the advancement of technology ...]]></description>
            <content:encoded><![CDATA[<p>With the development of the global digital economy, the cryptocurrency industry is rapidly accelerating. As a new type of digital asset, cryptocurrencies have received widespread attention and acceptance globally. In this context, new cryptocurrency exchanges have emerged under the drive of various asset innovations.</p><br><p>Early cryptocurrency exchanges offered a single type of trade, and due to technical limitations, their trading features were relatively basic. With the advancement of technology and changes in market demand, cryptocurrency exchanges have gradually developed more trading varieties and richer features. From providing various cryptocurrency trades, to introducing futures, options and other derivative trades, to the present decentralized trades, Initial Exchange Offerings (IEOs) and other new trading features, the functions of cryptocurrency exchanges have expanded from simple trade execution to asset custody, risk management, capital raising, and other areas.</p><br><p>While seeking a balance between trading efficiency and security, cryptocurrency exchanges are also gradually promoting integration with traditional finance. In this process, new trading platforms such as Ubit have appeared as products of this innovation.</p><br><p>As a new type of cryptocurrency exchange, Ubit has rapidly emerged with a series of business and asset innovations. Whether it is IEOs, crypto index funds, or mining pool pledging, Ubit is constantly trying and exploring new business models to meet the growing demands of users.</p><br><p>Starting a New Chapter with IEO: Ubit&apos;s Preferred Project Discovery Mechanism</p><br><p>Ubit has created a unique quality project discovery and support ecosystem through Ubit LaunchPad. The LaunchPad platform is a bridge connecting investors with innovative digital asset projects, unique in its strict selection of projects. Each project listed on Ubit must pass through a series of strict assessment processes to ensure that only the most promising projects are listed. This not only reduces investors&apos; risks from the source but also guarantees the platform&apos;s quality and reputation.</p><br><p>When selecting projects, Ubit pays special attention to the background, experience, and professional abilities of the project team, ensuring that they have the capacity to achieve the project goals. In addition, community voices and user feedback are important reference indicators. Through this feedback, Ubit can better understand the popularity of the project in the market and user demands.</p><br><p>To better help and support quality projects, Ubit has established &apos;Ubit Lab&apos;, aimed at investing in, incubating, and attracting early-stage quality projects into the ecosystem. Ubit Lab provides potential projects with the necessary startup capital, development and research funds, marketing expenses, etc. It also shares resources with selected projects, including technical resources, human resources, network resources, and community resources, to help them develop rapidly.</p><br><p>Crypto Index Funds: A Rich Selection of Investment Portfolios</p><br><p>To satisfy diverse consumer demands, Ubit&apos;s Digital Crypto Asset Supermarket allows investors to enjoy greater flexibility in their investments with its diverse cryptocurrency asset index funds. Whether tracking the Real World Asset (RWA) index fund linked to traditional financial assets, or the NASDAQ index and other traditional fund asset portfolios, it provides diversified investment choices for investors.</p><br><p>Simultaneously, Ubit&apos;s index fund visualization dashboard allows investors to view investment performance and asset allocation intuitively. Its convenient subscription and redemption feature enables investors to adjust their investment strategies flexibly according to market changes, maximizing their investment returns.</p><br><p>Mining Pool Pledging: A Robust Source of Returns</p><br><p>Ubit&apos;s mining pool pledging feature provides investors with a robust, flexible source of returns. Whether it is single-coin pledging or compound pledging, investors can choose the pledging method that best suits their needs. Moreover, Ubit&apos;s pledging feature supports instant redemption, ensuring excellent liquidity.</p><br><p>Mining pool pledging not only improves the efficiency of digital asset usage but also helps investors earn steady returns. No matter how the market environment changes, it ensures the interests of investors. Therefore, whether for conservative investors seeking steady returns or aggressive investors seeking high-risk returns, Ubit&apos;s mining pool pledging is an option that cannot be ignored.</p><br><p>Through the aforementioned innovative services, Ubit has the potential to become a new force in the cryptocurrency trading field. In the future, Ubit will continue to be innovation-oriented, creating more wealth for its users. Its business innovations and diversifications can not only meet the growing investment demands of users but also help Ubit to establish itself in the fiercely competitive market environment.</p><br><p>Ubit has already demonstrated its strength and potential as an innovative cryptocurrency exchange. With the continuous development of the cryptocurrency market, Ubit is expected to continue to play its leadership role in the future cryptocurrency trading industry, creating more wealth for its users.</p>]]></content:encoded>
            <author>ubit@newsletter.paragraph.com (Ubit)</author>
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            <title><![CDATA[Ubit: Innovative Mechanism Leading the Global Crypto Trading Market]]></title>
            <link>https://paragraph.com/@ubit/ubit-innovative-mechanism-leading-the-global-crypto-trading-market</link>
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            <pubDate>Fri, 28 Jul 2023 14:27:55 GMT</pubDate>
            <description><![CDATA[Since the birth of Bitcoin and other cryptocurrencies in 2008, cryptocurrency exchanges have emerged to cater to the trading needs. The bankruptcy of Mt. Gox in 2014 revealed serious security issues with exchanges. Subsequently, regulatory laws for cryptocurrency trading started to develop. At different stages, new exchanges have stood out with asset innovation and functional innovation. For example, Binance emerged through its global strategy and trading processing capability, and Bybit quic...]]></description>
            <content:encoded><![CDATA[<p>Since the birth of Bitcoin and other cryptocurrencies in 2008, cryptocurrency exchanges have emerged to cater to the trading needs. The bankruptcy of Mt. Gox in 2014 revealed serious security issues with exchanges. Subsequently, regulatory laws for cryptocurrency trading started to develop. At different stages, new exchanges have stood out with asset innovation and functional innovation. For example, Binance emerged through its global strategy and trading processing capability, and Bybit quickly rose due to its derivative trading, among others.</p><p>By 2023, cryptocurrency exchanges have grown into influential institutions. Despite facing challenges such as security issues and regulatory uncertainty, they continue to evolve and innovate. New exchanges have the opportunity to leverage these developments, especially in terms of security and regulatory compliance, to provide higher quality services, thus gaining a competitive advantage in the market. In this new cycle, Ubit is expected to win over numerous users with its asset innovation and security guarantees.</p><p>Headquartered in Singapore, Ubit is a cryptocurrency trading platform that has obtained crypto trading licenses in places like Singapore and Canada on a global scale. The platform is committed to providing a safe and reliable crypto trading experience for users in Asia, Europe, North America, and other regions, under the premise of compliance. Its services cover a full suite of crypto asset management services such as spot, futures, finance, mining pool, etc. Users need no KYC, only wallet linkage is required for login. With over 20 million USD in full reserve, asset risk control system, and comprehensive security technology, Ubit ensures comprehensive protection of user data and funds.</p><p>Ubit: Features to Meet User&apos;s Broad Needs</p><ol><li><p>Spot and Contract Trading for Multiple Assets Ubit meets the wide range of user needs through its rich features. The platform provides spot and contract trading for multiple assets. Whether it&apos;s spot trading or contract trading, Ubit is committed to providing users with a no-slip, low-fee trading experience. Its contract trading offers rich trading liquidity, including perpetual contracts and delivery contracts. It achieves price balance through the funding rate mechanism, avoiding the basis problem in traditional futures contracts.</p></li><li><p>LaunchPad to Discover Quality Assets Ubit&apos;s LaunchPad provides users with the opportunity to invest early in quality crypto assets. The platform rigorously screens projects to ensure the most quality, potential projects go live. It provides a fair, reasonable, and controllable mechanism for the first issuance of Ubit&apos;s preferred projects through holding mechanism, charging mechanism, and Sunshine Reward, among other methods.</p></li></ol><p>Ubit evaluates the background, experience, and professional capabilities of the project team to ensure they have the ability to implement and deliver the project. It also pays attention to the community and user&apos;s attention and feedback to the project, considering the popularity of the project in the market and user demand. Ubit&apos;s Labs business department is specifically established to discover, accelerate, and invest in quality market projects, and to invite them to launchpad for new releases.</p><p>LaunchPad uses Ubit platform&apos;s credit, traffic, and resources to support quality blockchain projects, providing community members with the opportunity to participate in quality asset investment at an extremely low cost in the early stage, which is the original intention of establishing the Ubit Launchpad platform.</p><ol><li><p>Diversified Asset Choices and More Stable Returns Ubit provides diversified asset and user profit methods, including mining pool staking. The platform opens single coin staking, compound staking, etc., for all listed projects. It supports redemption at any time with next-day arrival. It also offers a basket of innovative index fund products for users to choose from, including digital crypto assets, encrypted NFT assets, and traditional financial assets.</p></li></ol><p>Its digital crypto asset supermarket provides a basket of cryptocurrency asset index fund packages, including tracking of traditional financial asset RWA index funds, providing traditional fund asset combinations (NASDAQ index). Its index fund visual dashboard and convenient subscription and redemption functions make user investment more straightforward and convenient.</p><ol><li><p>Treasury Insurance to Protect Asset Safety Ubit provides a treasury guarantee mechanism against market volatility risks for user addresses holding claim voucher quotas. Users can choose to contribute 50% of the income paid during platform trading into the insurance treasury to obtain a claim voucher. When users suffer losses, they can apply for compensation through the claim voucher held. The claim voucher quota will be determined based on the number of claim vouchers held by the user.</p></li></ol><p>Adhering to the belief of customer first, safety first, strict quality control, and attentive service, Ubit is committed to providing safe, convenient, and rich cryptocurrency trading services for global users. It will continuously optimize and upgrade its services to keep users excited.</p><p>Ubit is continuously strengthening its advantages in security and regulatory compliance, providing higher levels of security guarantees and regulatory compliance. At the same time, Ubit will continue to innovate and enrich its product line, and will also continue to introduce quantitative trading interfaces, tracking index trading tools, gradually adding traditional financial trading channels, and introducing different derivatives such as futures and options.</p><p>The journey of Ubit&apos;s development might be filled with challenges and innovations just like the development of cryptocurrency and web3. In the days to come, Ubit is expected to gradually develop into a leading cryptocurrency trading platform worldwide with its solid foundation. Simultaneously, through its unique business model and innovation capabilities, Ubit will lead cryptocurrency trading towards a broader future. The future Ubit will be a safe, reliable, and dynamic trading platform. We look forward to every user finding and seizing the opportunities brought by cryptocurrency on this platform.</p>]]></content:encoded>
            <author>ubit@newsletter.paragraph.com (Ubit)</author>
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            <title><![CDATA[Ubit Introduces Launchpad Business Division, Focusing on Asset Quality Control]]></title>
            <link>https://paragraph.com/@ubit/ubit-introduces-launchpad-business-division-focusing-on-asset-quality-control</link>
            <guid>Y8RCFco5zzYv9A4oc8Bj</guid>
            <pubDate>Fri, 28 Jul 2023 14:20:15 GMT</pubDate>
            <description><![CDATA[The rapid development of the crypto industry has quickly improved its upstream and downstream industrial chains, among which the Launchpad cannot be ignored. This diversified asset issuance subscription method, due to its wealth effect and as an entry point for most users to the crypto world, has become an increasingly significant presence. Distinctive and advantageous Launchpads have emerged, mainly manifested in Exchange IEO, Decentralized IDO, and INO models through NFT methods. The new Ub...]]></description>
            <content:encoded><![CDATA[<p>The rapid development of the crypto industry has quickly improved its upstream and downstream industrial chains, among which the Launchpad cannot be ignored. This diversified asset issuance subscription method, due to its wealth effect and as an entry point for most users to the crypto world, has become an increasingly significant presence.</p><p>Distinctive and advantageous Launchpads have emerged, mainly manifested in Exchange IEO, Decentralized IDO, and INO models through NFT methods. The new Ubit Launchpad, with professional project screening, subscription mechanism innovation, and community accumulation, has become a new force.</p><p>What is Ubit Launchpad?</p><p>Established in 2023, Ubit is a burgeoning cryptocurrency derivatives trading platform headquartered in Singapore. Its services cover spot trading, futures, wealth management, mining pools, and a full suite of crypto asset management services. Users can log in by linking a wallet without needing KYC. Under secure and compliant circumstances, Ubit provides users with rich asset trading and management services. Through Launchpad, Ubit also links the crypto community and innovative projects, becoming a crucial hub in the crypto world.</p><p>As the initial token offering division of Ubit Exchange, Ubit Launchpad provides users with a simple and direct way to discover and participate in high-quality new crypto projects. Users can obtain new tokens before they are listed, and the projects selected for IEO can increase their exposure and raise funds.</p><p>Features of Ubit Launchpad</p><p>Ubit Launchpad has strictly selected all projects to ensure that only the highest quality and most promising ones are launched. Ubit will evaluate the team’s background, experience, and professional capabilities, ensuring they can execute and deliver the project. Feasibility, technical solutions, and market prospects are also assessed to ensure the project has practical applications and business potential.</p><p>In addition to rigorous professional research and analysis, Ubit Launchpad requires project teams to provide full disclosure, including white papers, code audit reports, etc., to ensure the project’s transparency and compliance. It also pays attention to the community’s and users’ interest and feedback, considering the project’s popularity and user demand in the market. This truly ensures the safety of users’ assets and opens early investment opportunities that were exclusive to large investment institutions to community investors.</p><p>To maintain fairness and ecological stability, Ubit Launchpad uses member level assessments, position calculations, deposit statistics, and sunlight rewards, among other mechanisms, to provide a fair, reasonable, and controllable system for the initial distribution of Ubit’s selected projects. Users can participate in the IEO through trading volume, platform currency holdings, and they also have the opportunity to gain IEO quotas through lottery and task participation.</p><p>These comprehensive mechanisms make community members loyal partners of Ubit and ensure that Ubit’s loyal users and contributors can share the platform’s growth dividends.</p><p>Platform name: Ubit Launchpad</p><p>Supported modes: Investment mode, Lottery mode</p><p>Participation process: Registration &gt; Pool task &gt; Get a draw &gt; Exchange</p><p>IEO Pool: Holding pool, Deposit pool, Trading pool, Sunshine pool</p><p><strong>Ubit Labs: A firm contributor and supporter of the crypto ecosystem</strong></p><p>Ubit Launchpad links high-quality projects with crypto community members. To support and explore more potential crypto projects, Ubit has established “Ubit Labs” aiming to invest in, accelerate, and attract early-stage high-quality projects and get them listed on Ubit’s IEO sector for trading. The program will focus on the following areas and directions: Defi, GameFi, SocialFi, payments, utility applications, and Ethereum second-layer solutions, etc.</p><p>Ubit Labs accelerates promising projects on the platform side and helps with community expansion to aid their rapid development. Projects incubated through “Ubit Labs” enjoy priority in entering the Ubit IEO screening list, truly aiding the development of early-stage quality projects throughout the process.</p><p>Ubit Launchpad demonstrates strong potential and is expected to hold a unique position in the new cryptocurrency cycle. Through rigorous project screening mechanisms, Ubit Launchpad brings highly valuable and potential crypto projects to the community, satisfying the vast users’ demand for investing in emerging projects. Simultaneously, through a fair and equitable distribution method, the platform ensures that every investor has a fair chance to participate.</p><p>Driven by Ubit Launchpad and Ubit Lab, Ubit will become an exceptional cryptocurrency service platform, making positive contributions to the prosperity and development of the cryptocurrency industry. It aims to drive the development of the global blockchain innovation ecosystem.</p>]]></content:encoded>
            <author>ubit@newsletter.paragraph.com (Ubit)</author>
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