UBRICA NEWS

Coin Distribution (Ubricoin)

 
Picture of Ivyonne Kimani
Coin Distribution (Ubricoin)
by Ivyonne Kimani - Wednesday, 16 May 2018, 1:45 AM
 

We plan Ubricoin sales in the following manner:

· 1 billion (10%) UBCs for design, development, management and scaling of Soko Janja

 2 billion (20%) UBCs for design, development, construction and management of Ubrica Retail Clinical Centers (URCCs)

 2 billion (20%) UBCs for design, development, construction and management of Science and Technology Park (STPs)

·3 billion (30%) UBCs for design, development, construction and management of Biomedical Industrial City (BMIC)

·2 billion (20%) UBCs will be reserved for community development and Ubrica team.

 

Phase 1. Private sale

We will releases 100 million coins at this stage 0n June 1, 2018. These funds will be used to design the platform. Funds will also be used for desktop and field research to assess the market for the local products, visiting manufacturers to sell the idea and register them on our platform and calling and listing manufacturers, clients, suppliers and customers.

 

Phase 2. Presale

We will sell 200 million UBCs at this stage on August 1, 2018. These funds will be used for the development of Soko Janja. We will buy new computers to facilitate maintenance, updates and development of the platform. These funds will also cater to networking capabilities and paying salaries to people who will be working on the platform. We will also use fraction of the funds raised to market our platform.

 

Phase 3. Crowdsale

We will sell 300 million coins at this stage on October 1, 2018 for developing management capacity. This will include identifying, recruiting, training and retaining human resource for Soko Janja. These funds will be used for strategic planning to scale Soko Janja, organizing and upgrading teams into departments. In coordinating to make sure all the teams are working together in a synchronized version so that all the teams will work as a single whole.  We will also create a team controlling financial resources including creating appropriate use of the Ubricoin, token distributions, airdrops and loyalty incentive programs.

 

Phase 4. Token generating event

We will issue 400 million coins on December 1, 2018 for scaling Soko Janja. These funds will be used to enroll 14 million households and to pay 7,250 community workers who will be recruited to register manufacturers and suppliers in the 47 counties, 210 sub-counties and 1,450 wards in Kenya.  We will create an incentive program to reward customers who will be buying locally produced products from soko janja.