In recent months, Unibright has been generating quite an interest among cryptocurrency enthusiasts. Behind the impressive performance lies a very interesting blockchain project that aims to elevate enterprise blockchain adoption to a whole new level. Additionally, it’s looking to be the bridge between companies and the open-source Ethereum network. So is it worth it? Absolutely! In this article, we are going to take a deep dive into Unibright, some of its key features, and how you can perform Unibright exchange at the best rates.
Unibright is a new blockchain project that markets itself as the link between companies or organizations and blockchain technology. According to Unibright’s whitepaper, Unibright is “a unified framework for blockchain-based business integration.” Basically what Unibright is trying to do is to offer companies the ability to utilize blockchain technology without all the expensive costs, hustle, and advanced skills.
Instead, companies and businesses are able to create and launch smart contracts without any coding knowledge. They won’t require any blockchain skills, smart contract development knowledge, or traditional software development expertise. Some of the use cases within Unibright include asset life cycles, invoicing, shipping process monitoring, multi-party approvals among others. All they have to do is select a use case and then create a custom workflow which can then be deployed as a link between Unibright and existing blockchain systems.
Simply put, Unibright was designed as a simplified framework that businesses can shape to their own particular needs. Doing so will allow managers to utilize blockchain solutions in their everyday operations with little risk, all while saving costs and improving efficiency and productivity. Unibright’s framework contains four different tools. They are:
Using this tool, anyone without blockchain knowledge or experience, can simply choose an existing template and then customize it to their workflow requirements. There’s no need to define the workflow visually or have to reference a particular blockchain protocol. Additionally, this visual workflow allows integration with other blockchain systems. Once workflow is established, the system automatically generates smart contracts with the needed business logic.
This is the core of the Unbright ecosystem. Through it, companies and businesses are able to make changes to prior workflows, converting them into smart contracts that apply to specific blockchains. Once converted, users can publish, maintain, or generate automatic connection adapters. All templates provided on the Unibright ecosystem are supported by development teams. These teams are also responsible for enhancing them and creating new templates to serve new users and use cases.
Unbright explorer provides a simplified interface that allows users to monitor all processes. Data gets collected from the smart contracts and any other system connected to a chosen template. All this happens through the Smart Adapter which collects all the technical details needed to connect a blockchain and enables the connection to happen. It makes Unibright dynamic thus opening up a variety of massive possibilities.
UBT tokens are required to access the Unibright framework. The Unibright token model was set up to ensure that a user’s initial deposit is large enough to cover a minimum of 30 days usage. It also enables a user to make use of a ‘rebuy contract.’ Basically, as a user, you can repurchase tokens that you used over the 30-day period to continue using Unibright’s blockchain integration.
Additionally, the rebuy contract determines the rebuy price. The standard is set at $0.14 per UBT. Once Unibright coins are deposited to the platform, including rebought tokens, they cannot be withdrawn again. They are locked into a smart contract that lasts the duration of the contract.
To access UBT crypto, you can purchase it on the open market. Unibright even offers to help users who require assistance in purchasing UBT coins through an exchange. As a user, you can access a calculator that lets you know how many tokens you need for 30 days of usage
Wondering where to perform Unibright exchange? Swapzone is the best UBT exchange platform in the market today. Here’s how you can conduct a UBT exchange on the platform:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.