Delivery of the world's first fully decentralised issuance currency delivered freely to all citizens without relying on taxation. UBU is used as a platform for others to design and deliver an array of products and services utilising the unique value proposition of UBU.
UBX priced on a suitable exchange and representing a share of the wealth resulting from the network effects of the UBU community.
Envisaged UBX price (US$)
UBUs have a value in exchange for real goods and provide the UBU Citizen with a monthly income making a meaningful difference in their lives.
Envisaged UBX price (US$)
Envisaged Citizen monthly additional income (US$)
More feet in store and more loyal customers for the Vendor. UBU reduces costs for Vendors with a free online marketing platform. More control over customer discounts and better ROI on marketing spend. New markets for their goods and services. Enhanced market and profitability as the UBU gains real value, especially for early adopters.
UBU anticipates 500 million Citizens within ten years actively using UBU regularly. This is based on a proportion of the estimates of the number of poor and marginalized people. UBU is not just for the use of the poor. The value of the UBU will depend on the number of Citizens and will increase quadratically according to Metcalfe's Law.
We strongly urge all potential investors to read our white paper which details the founding principles, the business model, the economics, the technology and the mathematical substantiations for the whole project.
Dudley is an advocate for equality and systemic resilience. He has been entrepreneurially involved in sustainability and renewable energy since the late 90’s and director of Bridge Capital’s renewable energy finance since 2008 where he specialises in innovative financing structures. He is married with 5 children and in his spare time assists his wife Sharon to run a community trust focused on using horses to assist the poor and marginalised to find pathways to a better quality of life.
With 25 years' experience at the intersection of communications, technology and media across multiple markets in Africa and the Middle East, Justin has launched numerous products to emerging market consumers. Fifteen of those years were at MD or CEO level in multinational groups. He is an active proponent of using technology to liberate commercial sectors from inefficient old world models. He is an established writer, speaker and presenter in the communications, media and technology sectors in South Africa.
With an MSc Computer Science from UCLA, Steve spent 17 years in the US where held multiple positions in technology development in AI, computer animation, digital effects, video game programming and computer peripherals. After returning to South Africa in 1995, Steve co-founded the cryptographic payment technology company Prism which was listed on the JSE in 2000. He went on to careers as Group CTO for Anglo American, Group CTO for Altech, Group Account CTO at T-Systems South Africa and CEO at CapAfrica Private Equity.
Douglas has had a varied career, starting out as a roustabout on oil rigs in the North Sea before entering the field of business. He has over 35 years of entrepreneurial experience building a variety of start-ups including Mica Distributors and Vox Telecom. He loves building great businesses with entrepreneurial teams, thrives under the pressure cooker environment of left field thinking, exploring the unknown and coping with exponential growth.
Owe holds a certified public accountant degree in Norway. He started his career within audit and accounting in 1995 with Ernst & Young. Owe has been working as an independent consultant and interim manager since 2000 and has been involved in a number of different start-up companies on behalf of Hutchison Whampoa, Nokia Siemens Networks and others. Owe's international experience includes businesses in more than 10 countries in Europe and Africa.
Dr. Arnold is Senior Advisor to Bowmans, South Africa’s leading firm of attorneys. He is Executive Director of the South African Business Schools Association and Honorary Business Representative for the Government of Singapore in South Africa. Dr. Arnold is a non-executive director of several listed companies, served as Executive Director of Murray & Roberts and was the first ever U.S. Minister-Counsellor for Commercial Affairs for South and Southern Africa. Dr. Arnold has also served as the U.S. Deputy Assistant Secretary of State for Human Rights and Humanitarian Affairs. Dr. Arnold was professor of law at Touro University and adjunct professor at Georgetown University Law School. Dr Arnold holds a Juris Doctorate degree from the University of Notre Dame. He was a journalist for the Washington Post newspaper and a Senior Fellow at Carnegie Endowment for International Peace.
Atle founded Movilisto, a Spanish mobile phone content and services specialist where he was CEO. Based in Madrid he built the company into the market leader with a turnover of €100m. He sold it to iTouch (UK) for €60m in 2003. Prior to Movilisto Atle served as CEO of Christiania Glassmagasin Norge, Norway’s leading retailer of cutlery and glasses employing 600 staff across 45 stores. Under Atle’s leadership, profits after tax increased 3,5 times.
Charles Marais is a qualified South African attorney and Notary Public with postgraduate qualifications in income tax law and financial markets & instruments. He is a former general manager of Absa Capital (part of the Barclays group) where he held the position of Global Head: Project & Export Finance from 1996 to 2003. He also conducts seminars and workshops on Public Private Partnerships, project finance, construction and legal documentation.
Ewan is an Investment Banking principal with over 25 years’ experience in the banking and finance industry. He was a key executive at Société Générale where the structured finance team was ranked first in South Africa. Ewan also spent 6 years running the M&A corporate advisory business for Thebe Investment Corporation, SA’s oldest and most reputable BEE Investment Company. Ewan is well connected in the international banking and professional advisory arenas and is the architect of many innovative financial and acquisition structures. He was educated at University of Witwatersrand B.Com, B.Acc, H.Dip.Tax Law and articled with Deloitte & Touche, where he obtained his CA(SA) and has attended Kellogg Business School in Chicago.
Simon is a broadcaster, designer, entrepreneur and writer who believes we're doing money wrong and is trying to fix it. He hosts a weekly technology radio show on 5FM and previously directed product design at Curve (London), Luno (Singapore), and 22seven from Old Mutual (Cape Town). He is an advisor to AlphaCode and a small group of clients through Phantom Design. Simon also invests in new financial technology startups and blockchain technologies with his firm Inves Capital. He served on the digital advisory board at Old Mutual and used to be a regular columnist for Finweek Magazine, Brainstorm, Computing SA and other titles.
Gavin Marshall is the founder of Sharebit, a platform for the sharing economy, built on top of the Bitcoin Blockchain. He is also a speaker, trainer and consultant focusing on Bitcoin, Blockchain and decentralised technologies. Gavin has over 18 years’ experience as a technologist, and was one of the founder members of Mxit, one of the first mobile messengers in the world.
Viroshan is a mathematician and economist. He has published research in a number of diverse areas including mathematical finance, differential equations, open quantum systems and combinatorics. He studied at the University of Natal and the University of Cambridge, before completing a PhD in Mathematics at the University of Johannesburg in 2015.
Gerald is the founder & CEO of SovTech, a leading software development company in Africa, with blue chip clients on 3 continents. He is passionate technologist and entrepreneur who is a Director of Fincheck, one of the fastest growing FinTech startups in South Africa, and a Director of BioExTech a recycling startup and Accenture Innovation Awards Finalist. Gerald is also on the Board of the Commercial Investment Committee for the University of Johannesburg (UJ). Gerald studied Economics at the University of Cape Town where he was the President of Students In Free Enterprise.
Jamie is the CTO at SovTech and ensures his teams have the skill to remain at the forefront of the tech waves as they roll in. Cryptocurrencies are just another area the team is making a name for themselves in Africa. Jamie also sits as CTO across a number of SovTech's ventures, tackling challenges with the potential to change the lives of millions of people on this continent he calls home. Before SovTech, Jamie was based in Colorado where he cofounded Ventribe, working closely with the then early Braintree Payments in cracking the social commerce puzzle. Jamie studied Finance and Economics at the University of Cape Town.
Andrew is the Managing Director of SovTech Projects. He manages all development teams at SovTech and is the lead product designer, solution architect and UX specialist. He is passionate about digital psychology and advocates for a strong user design centred approach across software products built at SovTech. Andrew obtained degrees from both Stellenbosch and UCT and is a Financial Analysis and Portfolio Management Honours graduate, enabling him to merge experience from both business and technology into SovTech’s software solutions.
Maria holds a Master of Engineering Cybernetics from NTNU in Norway, and has over a decade of experience within the areas of engineering, IT consulting, business development, solution architecture, systems development, QA and technological leadership. She has a passion for bridging the gap between business and technology, by creating effective and targeted custom software solutions that optimises and supports the business process in question. Before Globalvoice AS, Maria played an important part in several complex development projects, many of them within the areas of Telecom, Finance, Health services and Retail industry, through various positions in Osiris and Inmeta Consulting.
Anton is the CEO of XLink Communications, a company he founded back in 2004 to pioneer the use of M2Mand GSM to innovate point-of-sale communication solutions for the retail and financial services sectors. His entrepreneurial style, business successes and unconventional approach to leadership earned him a finalist in the EY World Entrepreneur Awards - Africa, Exceptional Category and a finalist in the IT Web Personality of the Year. Anton’s wealth of experience gained over 28 years in the industry is proving key to unlocking the game changing potential for this relatively niche business to become the nimble, specialist enabler for IoT ambitions for businesses in Africa.
After qualifying as an attorney, Colin spent 20 years with South African Breweries, departing as a main board director. Colin was appointed to the Wooltru Group board from its inception, becoming its chief executive officer in 1988 and its executive chairman in 1996. Colin ran the Wooltru leadership courses for many years, and when the Group unbundled in 2001, he resigned to dedicate himself full-time to the teaching of the art of leadership, which he defines as the art of “maximizing human energy.” The original Wooltru leadership program has since evolved into a program called “Learning to Lead”. Colin now spends most of his time facilitating workshops that aim to liberate the human spirit and that assists in creating new and vibrant corporate and community cultures.
Dudley Baylis, a former commodities trader, wishes to disclose that after a period as a gambler, he has dedicated his life to supporting people with gambling addictions. He has been clean for more than 16 years.
Douglas Reed, founder and former CEO of Vox Telecom Ltd, wishes to disclose that he was issued an administrative fine of ZAR 2 million in 2008 by South Africa’s Directorate of Market abuse (DMa) because of an instruction he issued to the company’s broker ‘to purchase the company’s CfD’s to maintain the market share price of Vox in times of weakness’. The penalty was imposed by agreement and the DMa took several mitigating circumstances into account, including that Doug co-operated fully with the Financial Services Board.