What is the Ubique Chain of Things? Ubique Chain of Things is a supply chain solution powered by 5G, IoT and Blockchain technologies. cryptocoin.com In this article, we have answered frequently asked questions such as what is the Ubique Chain of Things, what does it offer, what does UCT do, how to get it. Let’s examine the project together.
What is the Ubique Chain of Things?
Ubique Chain of Things, or UCOT, is a blockchain that set out to revolutionize the supply chain space. Basically, it aims to create a new supply chain economy. Built on the Ethereum network, this Blockchain platform tries to do this with various technologies. These include 5G and Narrow Band Internet of Things (IoT). Accordingly, the network supports the communication of smart devices with each other, whether it is a television or a refrigerator. Moreover, it does this with the revolutionary data transmission speed of 5G.
What does the Ubique Chain of Things offer?
Ubique Chain of Things brings transparency, decentralization, speed and liquidity to the supply chain industry. Accordingly, it enables secure data collection throughout supply chains. It also provides storage protected against modification of data and allows corporate companies to share data securely. Thus, it provides complete supply chain traceability. It basically makes it possible for manufacturers to trace their products from the factory to the hands of consumers.
Currently, the inability to track the products until they reach the target point and therefore the failure to detect errors is among the biggest problems in the field of supply chain. Therefore, UCOT solves one of the main problems of the supply chain with Blockchain and IoT technology. However, UCOT has a difference from other altcoin projects that offer this service. Accordingly, the project ensures that products cannot be scanned by third parties at any point in their journey.
What is UCT coin? What does it do?
UCT coin is the native cryptocurrency of the Ubique Chain of Things platform. Like the blockchain platform, UCT is built on Ethereum. Accordingly, UCT works with the ERC-20 smart contract. However, UCT coin has several use cases within the UCOT network. These include running dApps and paying gas fees. In this regard, cryptocurrency mostly targets institutional investors in the supply chain space.
What is the Ubique Chain of Things? How to buy UCT coin?
You can buy UCT to invest in the Ubique Chain of Things project. UCT is currently listed on three cryptocurrency exchanges. These exchanges include PancakeSwap, Uniswap, and Bkex. Those who want to buy the token must become a member of one of these exchanges and verify their accounts. Next, they should deposit an asset in their wallet according to the UCT coin trading pairs. Thus, they can buy UCT by placing a buy order for the token.
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