What is universal basic assets (UBA) token?

Universal Basic Assets is a crypto project based on an Institute for the Future proposed framework. The project’s native token is UBA. However, there is little clarity or transparency about the project. What Is The Universal Basic Assets (UBA) Token?

What is the Universal token?

The Universal Token was developed by the teams behind ConsenSys’ most advanced tokenization projects after three years of blockchain learnings. This product is designed to power a much wider range of use cases than existing token standards and is able to represent any asset or payment instrument on the Ethereum blockchain.

What is the asset token?

The ASSET token enables community ownership and active stewardship of the iAssets. Token holders govern the iAssets through an on-chain governance process. Users get 20% off if they pay the fees with ASSET Token on the Marketplace and Social Media. iAssets buy back ASSET Tokens at every stage and burn them manually.

What is a basic auth token?

The Basic Auth Token, on the other hand, is just a simple hash, which can be seen as just a reference to a user. With caching and other performance enhancements in mind, one may not need to worry about the overhead, but the convenience and the future proofing of the flow.