UBIC China (UCN)

UBIC China (UCN) is the first cryptocurrency using proof-of-passport technology. It operates as a CryptoUBI, with most of its coins distributed as a universal dividend to users. The universal dividend, a freedom dividend or universal basic income (UBI), ensures fair distribution and prevents double claims. Users must verify using their passports to participate in the Universal Dividend program. Verification involves reading the unique digital signature on the NFC chip in the passport without accessing personal data or revealing identity to other UBIC participants.

UBIC China (UCN) is listed on several exchanges, including Citex. The coin supports various passports issued by countries such as Switzerland, Germany, Austria, the United Kingdom, and more. The project is actively working to add support for other passports. UBIC pays the universal dividend in every block, resulting in regular and frequent user distributions. The supply of UCN coins is not capped, as a constant amount of coins are minted in each block and divided among recipients. Additionally, UBIC burns all transaction fees, reducing the circulating coin supply and inflation risk. The project also utilizes dynamic transaction fees, ensuring that the cost of a transaction aligns with the Universal Dividend payout duration.

For users interested in UBIC China (UCN), the coin can be downloaded from the App Store or PlayStore. The project provides a block explorer for users to explore transactions and the blockchain. More information can be found in the whitepaper (draft), and the source code for the platform’s core and Android app is also available. UBIC China (UCN) aims to revolutionize the concept of universal basic income, utilizing proof-of-passport technology to ensure fair distribution and user verification while maintaining user privacy and data security.