Opening a wallet

Today we’re opening a wallet. We’re talking about a crypto wallet which is a software that allows you to communicate in a cryptocurrency network when you want to do your transactions. There are different ways that you can create your wallet on PC, android or IOS. Majority of the youth have phones so we’ll open the one for mobile phones.
 Open App Store/ Play Store depending on your phone.
 Search for Coinomi download and install.
 Once it’s successfully downloaded and installed, open and go to create new wallet.
 Copy the seed phrase and keep it somewhere safe for (it is used for wallet recovery)
 Next create a password/private key for your new wallet (do not share the private key)
 Select Ethereum
 Your wallet is created.
The cheapest and fastest way to buy Ubricoin (UBN) is to send ETH to the contract address 0xDB13025b219dB5e4529f48b65Ff009a26B6Ae733.
 Go to the home page and swipe left for the menu then click ‘add tokens’
 Click on the Ethereum and then click on the dots on the top right corner.
 Click on ‘Add token manually’
 Place the contract address provided above, name-Ubricoin, symbol-UBN and decimal-18
Send your public address to +254 755 844 017 once you have created your wallet.
Learn more here: https://ubricoin.ubrica.com/buy-ubricoin/.
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Be part of the digital currency revolution. Don’t be left behind.

Crypto Security. Securing your device.

The devises we use to conduct transactions are usually like smartphone and computers are usually prone to cyberattacks. There are criminals whose specialties include; cryptocurrency scamming, crypto jacking or sending ransomware to your device. They stand to make a lot of money especially from crypto users and investors who don’t secure their Ethereum wallets and devices. When installing or opening an Ethereum wallet, you are advised not to share both your private key and seed phrase. Neither are you advised to store these information in places where they can easily be accessed like email and notepads. This is primarily for security purposes to make sure that only the legitimate user has access.

This is however not enough to keep the crypto criminals off your back. The following are simple ideas on how to avoid traps that are set by the criminals. Don’t click links in email messages, these links my contain malware that once clicked are imbedded in your device.  Install ad-blocking software as some malwares are usually sent in form of an ad. Don’t ignore browser warnings, don’t click on suspicious looking pop-ups and never install software or apps you do not trust.

If and when you notice that your device starts overheating, is slower than usual, burns through battery power too fast, or becomes unresponsive then your device might be under attack. Here is what to do in the event of such cases. Close sites or apps that slow your device or drain your battery. It is also important that your device has an updated antivirus software that is set to automatically update.

To buy Ubricoins (UBNs) go to https://ubricoin.ubrica.com/buy-ubricoin/.

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Crypto crime.

The internet is full of opportunities be it legal or illegal. Some have perfected the craft of taking advantage of others and swindling them off their hard earned money. Just like we have credit card fraud, cryptocurrency too is not immune to attacks. There are crypto crimes that investors should be cautious of.

In a recent report by Blockchain Security Company, CipherTrace. It indicated that cyber criminals have walked away with $4.3 billion from investors, users and exchanges just from January this year. In the report, the PlusToken scheme was the largest single incident with $2.9 billion stolen. Some of the crimes that the Ubricoin investors and users should be aware of include the following

Cryptocurrency Scams: Investors always think of making profits and some usually jump on the first offer to double their profits without digging deep. When a deal is too good think twice. Scammers usually come with mouthwatering offers that give you promises like guaranteed profits, doubling your money in a short time or even promises free money in dollars or cryptocurrency.

Ransomware: This is a type of malicious software, or malware, designed to lock a user out from accessing his or her data until a ransom is paid. In some cases you get access but in other cases you do not even after paying the ransom. A good example is the GermanWiper that erases data completely instead of encrypting and giving back access once ransom is paid.

Crypto jacking: This is when scammers put malicious code onto your device that gives them access. This gives them the power to mine cryptocurrency for their own benefit without your permission.

To buy Ubricoins (UBNs) go to https://ubricoin.ubrica.com/buy-ubricoin/.

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Use Mpesa to Buy Ubricoin

Communication and financial technologies have changed over the years. Gone are the days people used to send money or communicate via the post office using envelopes. Fast forward and we now have smartphones that can do both; communicate and send/receive money. The use of mobile money has risen since its introduction into the financial market not just in Kenya but around the world. Kenya made wave when Safaricom introduced MPesa.

80% of smartphone owners in Kenya use mobile money on a daily basis. this tells you how important it is. The good news is, Ubrica has made it possible for users to buy their coins (UBN) by using MPesa. In my last post I showed you how important a wallet is in crypto and how to open one.Once you have your smartphone, you have your ethereum wallet, you have your money in your MPesa, you have intentions of buying coins and you don’t know how? Worry no more because you can easily buy Ubricoins using MPesa by following a few steps.

To buy Ubricons, follow the following steps.

Go to Mpesa

Send money to MPESA TILL NUMBER 599019.

Forward MPesa transaction message to Tel: +254 780743174

UBNs will be sent to your Wallet Address

Never forget the importance and security of both the seed phrase and private key. The seed phrase is important for wallet retrieval while the private key is for access. Remember for KSh.100, you get one Ubricoin (UBN)

For more info go to https://ubricoin.ubrica.com

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Crypto a risk worth taking.

Ask any businessperson what business is about and he/she will tell you it’s about making profits and taking a lot of risks. A majority of people fear getting into businesses because of lack of knowledge especially if you intend to invest in something new in the market. Cryptocurrency is currently facing the same situation with a majority not being open towards it.

However, there are some moves in the market that should encourage those still having doubts. Cryptocurrency is definitely going to be the currency in use in a couple of years. Take an example a country like China that has given reports that its crypto is getting into the market soon. A company like Facebook is also on the same track. Come closer to home where the Kenyan government has been advised to adopt this technology. These are signs that crypto is getting waves and its being accepted from all corners of the world.

For those who still have the fear of investing, there is still time to do so. Cryptocurrency is fast moving and you need to be on that train. Be part of the Ubricoin family, Kenya’s very own and most successful crypto by Ubrica. A lot of people around the world are denied access to affordable quality healthcare which is a human right and Ubrica’s mission is to make sure this does not continue to happen. Invest in Ubricoin and you invest on global health.  

For more info go to https://ubricoin.ubrica.com

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HUMAN ENGAGEMENT TOWARDS WEALTH CREATION.

UBRICA’S engagement pillar involves engaging people at their basic level of existence to discover how we can work with them to create wealth.

Kenyan subsistent croppers and pastoralists living in rural areas are extremely impoverished because they cannot find market for their produce. The only available market comes to them in form of organized cartels who buy the farm produce and livestock at a throw away price.

UBRICA recognizes this and acknowledges that a person becomes poor when he or she is unable to exchange his goods and services for currency Nearly 95% of people living in Kenya are unable to find market for more than 80% of their farm produce.

Even at the throw away price that comes from cartels, they are only able to purchase less than 20% of all produce
The rest go to waste. Perishable produce such as flowers, fruits, vegetables rot away in people’s stores.
Local people therefore have it hard generating wealth.

These people are afraid to seek medical services until these the disease is in advanced stages . They are forced by their advanced conditions to seek medical services but often no or little money to pay for medical services.
The medical service provider reduces the quality and quantity of service offering to match the little money available from the patient. The severe lack of money to pay the providers in Kenya has led to a severe decline in the quality of medical services.

What solutions do we find fit therefore?
Logical reasoning indicates that the fundamental solution to health production lies in a system that improves the economy of each individual. In that connection, UBRICA has created a system to help people find market for their produce, services and products. In order to participate on this platform, one must first join and become a member of Distributed Autonomous Organization (DAO) known as the co-operative society of Ubricans. (CSU)
Once joined, our community workers help the members to send to market whatever they are producing. UBRICA has created an online retail store known as Soko Janja. (Shop.ubrica.com).
There, members can buy and sell produce, products and services. People are already enrolled on Soko Janja and exchanges are ongoing. It is therefore the right time to enrol yourself and put your products and services up for sale.
Upon enrolment, individuals can post pictures of their produce, products and services to the online retail store.

Members will be able to create wealth and use that wealth to finance health production for themselves and their loved ones. We will use Ubricoin to facilitate the management of the online store.
Ubricoin will be the means of exchange as well as an incentive structure to encourage people to buy from each other to activate local economy.

Buy your Ubricoin today, open a wallet and enrol on Soko Janja, a platform that is meant to operationalize wealth creation for each individual in any given community.

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UBRICOIN DISTRIBUTION PROGRAM

UBRICA’s goal is to have Ubricoin accepted by 2024, as the standard method of payment for all the families in Kenya, with an approximation of 14 million families or more. Ubricoin is projected to be the most used currency in making payments for Medical care, groceries, school fees, transport, entertainment, for purchase of commodities such as Vehicles, buildings, land and for funding of major projects.
Services such as those of architects, engineers, doctors lawyers and teachers will accept Ubricoin.
Labour providers and paraprofessionals will also accept UBN as their means of payment for labour.
Petrol station owners and local citizens will pay for petroleum using Ubricoin.
Business owners will pay and accept payments in Ubricoin.

The value of Ubricoin will increase as many people become Ubricoin holders and use it as a common tender.
At this primary stage therefore, the target is to help at least one million people create Ubricoin wallets. This will translate to a value of one million squared; that is, a value of one trillion.

Two billion Ubricoin is thereby set aside to be distributed to one million people so as to facilitate adoption by 11,760,000 people by 2024.
The principle mechanism for the distribution of the two billion Ubricoin is by allocating the coins directly from the main contract to individual wallets held by people in various locations across the country. This is the primary network creation strategy.

Primary network creation.
UBRICA developed a program that helps the Ubricoin network. Network creation involves distributing Ubricoin to clusters of nested generations with disparate distribution conditions.
A generation is categorised depending on the source of the Ubricoin.
The first generation, (G1), comprises of people who receive Ubricoin directly from Ubricoin contract assisted by the UBRICA team.
Each generations downwards receives Ubricoin from the preceding generation.
There exists a referral program to reward each generation as an incentive to help reach the one million target.

Secondary network creation.
Soko Janja is the secondary mechanism for coin distribution and adoption. People will use Ubricoin in Soko Janja for purchases and will also receive new coins as loyalty points for purchasing in Soko Janja. The incentive program will also act as a mechanism of distributing Ubricoin in future.

It is therefore in your best interest to purchase your Ubricoin as soon as now. Your acquisition helps build a strong network of Ubricoin holders and raises the value if the coin.
Buy yours today!

BUY UBRICOIN HERE!  https://ubricoin.ubrica.com/buy-ubricoin/    

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ADVANTAGES OF GOING CRYPTO.

Decentralized finance has quickly and rapidly become a buzzword across many nations. By allowing people to connect to to new decentralized lending, exchange, savings and other decentralized finance platforms, like Ubricoin, blockchain provides an alternative to traditional banking services.
Those comfortable operating in this ecosystem are able to wield their assets with greater fungibility.

The use of fiat currecies has been ongoing for thousands of years. Fiat currencies delivered us from an era where we bartered for goods and services. In the current century however, fiat currencies are holding us back. They are slow on transaction, that is, people have to wait many hours or days for transactions to go through.

Cryptocurrencies have proven very advantagious in the sense that, they have improved by a great percentage global trade. Currency flow on blockchain takes minutes, to and from anywhere in the world. Delayed payments to international sellers causes delayed shipments of commodities in purchase when using fiat currencies. Cryptocurrency transactions take minutes and are therefore very fast and timely.UBRICA has gone out of it’s way to set up a common online market where Ubricoin holders from any part of the world can sell and buy commodities under a this common currency, Ubricoin.

Cryptocurrencies have lower costs. Not only do regular banks charde you for transfer money, but you are always met by additional one-off charges for transactions, while still receiving a worse than market exchange rate when sending money abroad. These are great losses to your business.
Aswitch from high fees of fiat currencies to cryptocurrencies sees cheaper products in stores, better wages for workers and increased profits for companies, as costs of production are lower.

Many governments spend a lot of miney around the world trying to prevent counterfeiting of fiat money. That ranges from producing money that is harder to forge, to police actions, investigations and court cases. With cryptocurrency, money is stored digitally, and securely. There is zero possibility of forgery.

Because the price of fiat currencies is dependent on the economy of the country and the government’s management of it, either printing more of it to lower its value or decreasing how much is available to increase it. This can make currencies particularly turbulent to political or economic troubles in a country.
Cryptocurrencies are not run by governments and can be used in most countries around the world. They remain solid even if there are big problems in one country or even a region. Only a globally worsening economy can affect their value.

With cryptocurrencies, your money is always secure because no individual or government can devalue it by printing or creating more. As more people use cryptocurrencies, such as Ubricoin, their value will also increase.
Meaning they will likely rise at the same rate or a little higher than inflation even when fully established.
There are so many good factors behind buying yourself some Ubricoin, right now, and in the near and far future.
Buy your Ubricoin now!

BUY UBRICOIN HERE!  https://ubricoin.ubrica.com/buy-ubricoin/    

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IMPORTANT CRYPTO TERMS

Token

A digital token is a unit of a digital currency, such as a bitcoin. It is worth noting that some of these tokens are, used for specific ecosystems, and those are frequently, referred to as utility tokens. Other digital tokens are essentially securities.

White Paper

The developers who create digital currencies usually provide white papers for these innovative assets. These documents generally offer comprehensive information on the digital token in question, as well as its underlying technology.

Short/Shorting

Shorting an asset, also known as taking a short position, means making a bet that the asset will fall in value. Traders can use several methods to short digital currencies, including futures, options and margin trading.

Investors considering this method should keep in mind it involves a lot of risk, especially with cryptocurrencies because of their volatile nature.

Long/Long Position

Going long, also known as taking a long position, means making a wager that an asset will rise in value. If a trader purchases a digital currency like bitcoin, for example, they are making a bet that the cryptocurrency will appreciate.

While simply buying digital currency is one example of taking a long position, there are other methods available. For instance, traders can leverage options and futures.

Public Key

A public key is an address where an investor can receive digital currencies. This public key, like the private key, is a combination of numbers and letters.

Private Key

A private key is a piece of information presented as a string of numbers and letters that an investor can use to access their digital currency.

Mining Incentive

The mining incentive is a reward that miners get for confirming transactions and mining them in to blocks. Verifying the transactions of the bitcoin network, for example, requires specialized hardware and substantial electricity, so miners are, compensated with a mining incentive.

Mining

Mining is the process for creating new units of a digital currency. For example, the bitcoin network releases new bitcoins every time a block is, mined. In this instance, mining involves confirming transactions and combining them in to blocks.

This verification requires hardware and electricity, and miners are, rewarded with digital tokens for contributing these needed resources.

Market Cap

Market cap is short for market capitalization, which is a term for total market value. The market cap of bitcoin, for example, is the number of BTC outstanding multiplied by the digital currency’s price. The term can also be, used to refer to a group of digital currencies.

Exchanges

Exchanges are, just marketplaces where traders can make digital currency transactions. If a person wants to buy bitcoin, going to an exchange is the fastest way to accomplish this objective.

Distributed Ledger

A distributed ledger is a system of recording information that is simply distributed, or spread across, many different devices. The blockchain, for example, is a distributed ledger that was originally, created to keep track of all bitcoin transactions.

Escrow

Escrow refers to a third-party holding financial resources on the behalf of other parties. A third-party would hold funds in escrow when the other entities involved in a transaction may not trust each other.

Cryptography

Cryptography is the process of encoding and decoding information so that would-be observers are unable to understand the information being, sent.

Arbitrage

In crypto, arbitrage refers to taking advantage of the price difference between two different exchanges. If bitcoin is selling for £8,950 on one exchange and £9,000 on another, a trader can buy the digital currency on the first exchange and sell it on the second for a modest profit.

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MINING 101

Before getting started with mining cryptocurrency, you should set yourself up with a few mining toys. When you have everything up and running, mining becomes rather easy because everything happens automatically. The only thing left to do is pay your electric bills at the end of each month. The list below highlights the particulars you need for mining.

  • Get a crypto wallet.
  • Make sure you have a strong Internet connection.
  • Set up your high-end computer in a cool location. If you cannot afford one, you can always assemble a mining rig.
  • Select the hardware to use based on the cryptocurrency you want to mine.
  • If you want to mine solo (not recommended), download the whole cryptocurrency’s blockchain. Be prepared; for mature crypto, downloading the whole blockchain may take days.
  • Get a mining software package.
  • Join a mining pool.
  • Make sure your expenses are not exceeding your rewards.

Mining profitability can change drastically based on cryptocurrency value, mining difficulty, electricity rates, and hardware prices at the time you are setting up your mining system. You can go to mining websites to see which are best to mine at a given time. As of September 2018, for example, the most profitable cryptocurrency to mine was Verge (XVG), while Bitcoin was, ranked number seven.

Different types of cryptocurrencies may require different types of hardware for best mining results. However, for cryptocurrencies without dedicated hardware, such as Ethereum, graphics processing units (GPUs) are good enough to process the transactions. Of course, GPUs are still slow at mining compared to mining farms.

Mining software handles the actual mining process. If you are a solo miner, the software connects your machine to the blockchain to become a mining node or a miner. If you mine with a pool, the software connects you to the mining pool. The main job of the software is to deliver the mining hardware’s work to the rest of the network and to receive completed work from the other miners on the network. It also shows statistics such as the speed of your miner and fan, your hash rate, and the temperature. Again, you must search for the best software at the time you’re ready to start. Here are some popular ones at the time of writing:

Mining Softwares

Ethminer: Ethminer is the most popular software to mine Ethereum. It supports GPU hardware such as Nvidia and AMD.

CGminer: CGminer is one of the oldest and most popular examples of Bitcoin mining software. You can use it for pools like Cryptominers to mine different altcoins. It supports ASICs and GPUs.

XMR Stak: XMR Stak can mine cryptocurrencies like Monero and Aeon. It supports CPU and GPU hardware.

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