UbiStake
UbiStake is an all in one service that provides an easy and secure way to stake UBX, which is the native coin of the Ubix network, and invest in UBIX ecosystem projects.
The service was founded on rock-solid infrastructure in 2022, and besides it's official website, it can also be accessed via Ubixpay, the lightweight wallet for UBX and other digital assets.
The service is designed for anyone willing to stake UBX coins, invest in UBIX network apps, support the network, and earn rewards. Importantly, there are no lock-in periods, with withdrawals available anytime at customer request.
The app is available as an APK in your personal account.
What UBIX network is
Since UbiStake was primarily designed for staking UBX coins, it is of outmost importance to shed some light on the UBIX network.
UBIX.Network is a DAG (Directed Acyclic Graph) powered ecosystem designed to integrate decentralized applications into a cohesive whole. It is designed with the help of the most innovative solutions consisting of blockchains of various types used to exchange sensitive data (master data) between applications.
For the exchange of values within the platform, native UBX coins are used. In order to regulate the money supply, monetary approaches have been introduced with the use of public reserves and emissions funds.
The use of tokens issued by various other projects is in addition to UBX. For economic integration with external ecosystems (primarily with Ethereum), crypto depository receipts are widely used both for UBX and for tokens issued on the platform.
The working principle
The principle of work and calculation of rewards on the UbiStake platform is similar to that of other staking services.
Customers can buy or transfer tokens to UbiStake from Ubikiri, UBIX.Exchange, or Ubixpay, with a minimum amount allowed starting at as little as 1 000 000 UBX (the same is for UBSN). The minimum deposit is set to 1000 for all other UBIX network tokens.
There are several ways to get rewards on UbiStake - POS staking, daily airdrops for UBX and UBSN, and dividends. Staking is the ability to participate in masternodes, maintain network stability, and receive income with compound interest. Besides that, there is an ability to earn additional profit from investments in UBIX projects that allows you to receive dividends from the project’s income through the special distribution mechanism.
The only thing the user needs to do is decide what feature he will be using - staking or sharing of dividends and then deposit a certain token into the service using the correspondent “Deposit” button. Earnings will be started automatically.
It should be mentioned that the interest is accrued on a daily basis when the so-called “profit distribution address” is deposited. Every project has different settings. For example, UBXm profits are distributed once a week.
There is no lock-up period for withdrawing funds from the service.
How much can be earned with UbiStake
There is an intuitive, easy to use calculator delivered with the latest upgrade of the platform. With it, the amount of rewards earned can be instantly viewed in UBX, USD, and ETH.
Total APY for UBX and UBSN is currently about ~28-29%.
The current rate of airdrops for UBX and UBSN is set to approx. ~0.067% per day.
Please note that the minimum deposit to get everyday airdrops is 10 million UBX and UBSN.
The amount of reward earned for UBX and UBSN can be calculated as follows:
APY calculation formula = ((Pwf-P0)+Amount (v) for a year + ((1+Q)^365-1)*Pwf )/P0
For other tokens without airdrops, the formula is as follows:
APY calculation formula = ((Pwf-P0)+Amount (v) for a year )/P0
where:
Pwf - token price at the end of the week;
P0 - token price at the start of the year;
Q - airdrop rate.
For example, let's calculate how much you can earn if you stake UBX on UbiStake.
If we take, for instance, 52 000 000 UBX, the year’s profit will be around ~14 797 347 UBX.
Dividends are distributed as follows (UBSN as an example):
Silent Notary gets income, 20% of it is sent to the burning address, and 80% - to a special “profit distribution address”. Then the distribution mechanism sends 70% to all UBSN token holders according to their deposit amounts, 30% - is taken for service costs.
The service was founded on rock-solid infrastructure in 2022, and besides it's official website, it can also be accessed via Ubixpay, the lightweight wallet for UBX and other digital assets.
The service is designed for anyone willing to stake UBX coins, invest in UBIX network apps, support the network, and earn rewards. Importantly, there are no lock-in periods, with withdrawals available anytime at customer request.
The app is available as an APK in your personal account.
What UBIX network is
Since UbiStake was primarily designed for staking UBX coins, it is of outmost importance to shed some light on the UBIX network.
UBIX.Network is a DAG (Directed Acyclic Graph) powered ecosystem designed to integrate decentralized applications into a cohesive whole. It is designed with the help of the most innovative solutions consisting of blockchains of various types used to exchange sensitive data (master data) between applications.
For the exchange of values within the platform, native UBX coins are used. In order to regulate the money supply, monetary approaches have been introduced with the use of public reserves and emissions funds.
The use of tokens issued by various other projects is in addition to UBX. For economic integration with external ecosystems (primarily with Ethereum), crypto depository receipts are widely used both for UBX and for tokens issued on the platform.
The working principle
The principle of work and calculation of rewards on the UbiStake platform is similar to that of other staking services.
Customers can buy or transfer tokens to UbiStake from Ubikiri, UBIX.Exchange, or Ubixpay, with a minimum amount allowed starting at as little as 1 000 000 UBX (the same is for UBSN). The minimum deposit is set to 1000 for all other UBIX network tokens.
There are several ways to get rewards on UbiStake - POS staking, daily airdrops for UBX and UBSN, and dividends. Staking is the ability to participate in masternodes, maintain network stability, and receive income with compound interest. Besides that, there is an ability to earn additional profit from investments in UBIX projects that allows you to receive dividends from the project’s income through the special distribution mechanism.
The only thing the user needs to do is decide what feature he will be using - staking or sharing of dividends and then deposit a certain token into the service using the correspondent “Deposit” button. Earnings will be started automatically.
It should be mentioned that the interest is accrued on a daily basis when the so-called “profit distribution address” is deposited. Every project has different settings. For example, UBXm profits are distributed once a week.
There is no lock-up period for withdrawing funds from the service.
How much can be earned with UbiStake
There is an intuitive, easy to use calculator delivered with the latest upgrade of the platform. With it, the amount of rewards earned can be instantly viewed in UBX, USD, and ETH.
Total APY for UBX and UBSN is currently about ~28-29%.
The current rate of airdrops for UBX and UBSN is set to approx. ~0.067% per day.
Please note that the minimum deposit to get everyday airdrops is 10 million UBX and UBSN.
The amount of reward earned for UBX and UBSN can be calculated as follows:
APY calculation formula = ((Pwf-P0)+Amount (v) for a year + ((1+Q)^365-1)*Pwf )/P0
For other tokens without airdrops, the formula is as follows:
APY calculation formula = ((Pwf-P0)+Amount (v) for a year )/P0
where:
Pwf - token price at the end of the week;
P0 - token price at the start of the year;
Q - airdrop rate.
For example, let's calculate how much you can earn if you stake UBX on UbiStake.
If we take, for instance, 52 000 000 UBX, the year’s profit will be around ~14 797 347 UBX.
Dividends are distributed as follows (UBSN as an example):
Silent Notary gets income, 20% of it is sent to the burning address, and 80% - to a special “profit distribution address”. Then the distribution mechanism sends 70% to all UBSN token holders according to their deposit amounts, 30% - is taken for service costs.