Quick Review of UBA Finance

Jan 13, 2025

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Ibiam Wayas

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UBA Finance, or Universal Basic Asset, is building a SocialFi network and a Decentralized Identity (DID) system with privacy safeguards in the Web3 era.

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SocialFi app uses the concept of UBI, and through the examination and analysis of users and their relationships, it transitions the user relationships that initially existed off-chain onto the chain.

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Cryptocurrency mining is often associated with expensive, specialized hardware that consumes a significant amount of energy. This high entry barrier discourages many potential miners.

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However, UBA Finance has managed to attract a broad user base by offering a more accessible alternative. Users can mine crypto using their smartphones on the app.

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All that’s required is to visit the official website, register an account using an email address, or connect to a cryptocurrency wallet browser.

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For SocialFi developers, UBA offers a chance to tap into the relationships and influence of its user base to bypass the initial stages of user acquisition.

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GameFi developers, on the other hand, can utilize the UBA network and user labeling functions to conduct product activities such as customized tasks, joint NFTs, etc.

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