What are Ubuntu EcoCoins?

The Ubuntu EcoCoin (UBEC) is a utility token of the Ubuntu Economic Commons. The UBEC token and other tools provide a “gateway” to digital infrastructures which enable individuals, communities or organizations to achieve economic freedom.

As a form of crowdfunding mechanism the sale of UBEC utility tokens can be used to fund educational or public awareness projects or much needed infrastructure of participating small farms and communities committed to human-scaled symbiotic sustainable regenerative food systems and food sovereignty. In return Ubuntu EcoCoin utility tokens can be sent, exchanged and bartered as digital representations of all forms of assets or used as a “crypto” -voucher which can be redeemed (or held for some time and redeemed later) for organically produced vegetables, fruits or other products or services provided by participating farms and communities.

To create issue, exchange and barter Ubuntu EcoCoin (UBEC) utility tokens or other digital representations we have chosen the Stellar Network⁴.

To date 7,141,900 Ubuntu EcoCoin tokens have been created and issued on the Stellar network. This quantity of issued UBEC tokens equals the amount of land cared for by participating farmers (1 UBEC per 1 Square Decimeter [dm^2] of land).

Asset Code: UBEC
Issuer: GDPNB7S3IOM2J6C3NA2QG4TQAUCRZXPJJ4HSCSIKELEH7ORUCX5UB2VN
Explorer: https://stelllar.expert

UBEC Ecosystem

• • 65% of the tokens are dedicated for distribution
  • 30% of the tokens are dedicated to ecosystem development and care
  • 5% of the tokens are dedicated to administrative purposes

Distribution 65%:

• • Give-aways (sometime called airdrops)
  • Customers – used as a tool or means of trade, exchange or barter (ie. UBECs in the form of Crypto-Vouchers for use in trading, exchanging or bartering goods and services)
  • Stakeholders (UBEC tokens are acquired on exchanges such as the Stellar decentralized distributed exchange)
  • Crowd-funding / Project Funding

Ecosystem Development and Care – 30%

• • Asset stewardship: engaged in stabilizing the UBEC tokens – in a healthy, fair, sustainable and orderly manner!
  • Infrastructure
  • Tracking source of goods

Administration – 5%

• • Day to day managment activities
  • Legal / and Tax consultancy fees