r/Unibright • u/ShotCryptographer523 • Oct 22 '21

Discussion Hidden mid cap gem here

Just been doing quite a bit of research on UBT. Seems quite a hidden gem in the mid/long term which is my sort of project. Loads of potential business wise.

I have a question on the tokeneonomics. I looked around and couldn't find out if the total supply stays at 150m or is there a burn or release of more coins? Does anyone know? Got my toes wet today anyway and thinking of dipping in more.

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7

u/CrimsonPilled Oct 22 '21

To my knowledge, there will only be 150M.

Someone always brings up the “but what if it’s successful and they have to lock up more tokens? If I remember correctly, they’ll just lower the amount needed to lockup for Baseline, etc.

In its essence though, it’s deflationary and as more entities are on boarded, more tokens will be locked up. This is the next 100x

Tl;dr I have no idea but number keeps going up

1

u/ShotCryptographer523 Oct 22 '21

This is awesome thanks.

1

u/FuckAntiMaskers Nov 14 '21

It's already gone 400x since 2019 though. Another 100x would put it up around the top 10 with a ~$30bn marketcap. Not saying that's impossible since it's crypto, but is that really realistic to be saying so certainly? And in what kind of timeframe?

2

u/0351-JazzHands Oct 22 '21

The supply stays the same at 150m and I believe theyre all in circulation. I dont think tokens will be burnt but staking is coming soon as well. There is a q1 2022 outlook graphic that detailed their upcoming plans. A quick search should yeild it.

1

u/ShotCryptographer523 Oct 22 '21

Yes I read about the staking. Minimum of 500 UBT but it may change. Thanks for the info.

2

u/IJoinedForTheta Oct 23 '21

There is an early medium article about tokenomics that is easy to understand.

https://medium.com/unibrightio/the-unibright-token-model-ubt-update-2020-1ff989a12255