Cryptocurrency Review: Ubiq (UBQ)

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Stability

Attacks: No attacks or potential attacks have been made public.

Algorithm: Changed algorithm to Ubqhash due to possibility of Ethash attacks (November, 2018).

Marketplace Redundancy: Listed on multiple major exchanges, including Bittrex.

Development

Communication: Spoke with a developer, Kris Hansen, via LinkedIn (March, 2019). I have found that multiple developers for the Ubiq project have other developments (or jobs) they are currently working on. However, projects still do get completed and typically on time.

Community: There is a large-sized development community, who release a continuous flow of new and sometimes innovative products.

Deadline Completion

Timeline: No official roadmaps can be found.

Marketing

Communication: Spoke with their community manager, Kris Lester, via Discord (March, 2019).

Social Media: Social media is continuously updated (April, 2019).

Website: Their website is completely custom and has a sleek appeal (April, 2019).

Adoption

Methodology: Airdrops and marketing methods are being utilized. A proprietary Google Chrome extension was just released to help speed up adoption and their marketing efforts are a sufficient step in adoption (April, 2019).

Graphical User Interface

Explorer: Ubiq Explorer has been customized to have a sleek appeal, functionality is nominal (April, 2019).

Wallet: The official Fusion wallet works excellent, functionality is nominal (March, 2019).

Market Supply

Premine: None

Current Market Supply: 42,609,099 UBQ

Maximum Market Supply: Infinite (50,786,315 UBQ by 2027)

Additional Note #1: Ubiq’s mining reward per-block lowers substantially in 2024.

Additional Note #2: Ubiq will be much more appealing if it transitions to a Proof-of-Stake scheme due to a reduction in coin output.

Additional Note #3: Ubiq needs to spur adoption by reaching out to institutions and like-minded organizations. Much of their progress to date was based on Cryptopia, whom should be out of business by now.

Date of Publication: May 1st, 2019

Price on Publication: $0.209766 USD / 0.00003922 BTC

Last Revision: May 1st, 2019

Bottom Line: Invest

Base Framework: Ethereum

Algorithm: Ubqhash

Reassessment date: May 1st, 2020

Note: Reassessment date is not exact.
No reassessment will be made if current outlook remains the same.
If my monthly crypto check reveals anything of high regard, this review will be updated.

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