This is an online shopping platform from Ubrica, that
majorly focuses on sale of local produce in order to generate wealth for the
people of Kenya. A vast majority of the modern world likes shopping online and
through this online retail stores easily thrive.
Why an online store?
To answer this question, we have to look at the
current state of market. The informal sector or the local market houses 80% of
the employed population in Kenya. With this in mind, one would expect a
conducive environment so as to encourage maximum functionality of the traders.
Ironically, the market place is one of the most unsafe, unhygienic and neglected
places in Kenya. It is the one place that the government adamantly refuses to
spend substantial funds on and they turn around and impose hefty taxes on the
Below are some of the problems faced by local traders:
The county government in Kenya imposes exaggerated
taxes on the market traders. The market traders do not often make enough money
to meet the government demands.
Battering by county government
In Kenya, battering of local market traders is not an
uncommon concept. After imposing very heavy tax burdens, the county government
results to rather uncouth and forceful measures on those who do not comply. The
market traders are heavily punished through ruthless battering and then they
are dismissed from the market.
-Due to a higher number of market traders than
available space, there tends to be very little room for adequate trading to
take place. This means that market traders quite literally do not have room to
expand their business.
-Traders only get space where there is no traffic from
-Some traders do not get visibility because of their
location which leaves them fighting for scraps where buyers do not frequent
hence making no money and the county government still expects them to pay
Very stiff competition
There is very unhealthy inter – trader competition.
This is especially common when some commodities are “in season.” Each market
trader wants to sell his or her products and make a decent living for
themselves so naturally, they’ll go for the products that seem to pique the
interest of buyers. This leads to surplus products of the same variety flooding
the market and war may break out. In simple terms, it is survival for the
Bullying by county government
Market traders are bullied out of opportunities and
trading land for example after bribery, one trader may get evicted from their
trading area so as to make room for the briber. This leaves the evicted trader
jobless leading to crime or increase the rate of prostitution when the trader
decides to find other means to fend for his or her family.
Limited bank services.
-Due to their minimal earnings, market traders are
often denied loans because some banks do not believe they can afford to pay
them back in time and their collateral is meagre in value.
-Some banks deny them banking services because they
make very little money which does not guarantee frequent deposits into the
-Some banks charge very high fees that the savings
accumulated get eroded quickly.
-Market traders do not have shelter when it rains
which means their goods suffer because they get damaged by the rain which means
they have to move or close early so as to preserve their goods.
The lack of shelter also affects their health and can
lead to serious illnesses such as pneumonia.
-Rain also encourages flow of sewage due to poor
drainage systems, which makes market places very unhygienic and discourages
customers from buying from such places.
-Due to no preservation or refrigeration of perishable
goods like fruits and vegetables, market traders experience post-harvest loss
of about 80% of their produce.
-The country imports almost everything from outside
countries hence making the price of goods unstable and volatile leading to major
-Some traders work with brokers to negotiate prices
for them which is how they get duped because most brokers drive the price down
to dirt cheap.
I could go on and on about the challenges faced by market
traders and it’s safe to say that things are getting out of hand and there’s
great need for a solution. The only viable solution is Soko Janja.
Why Soko Janja?
-Soko Janja seeks to eliminate the above problems because
the only things needed for the products to go online is a very nice and clear
photo of the products and produce and a brief description.
-Due to its foundation being purely online, it creates
a chance for global level marketing because the internet is worldwide. This
means that people from all over the world can order the products on Soko Janja.
-Soko Janja accepts payment in very many currencies,
up to and including the Ubricoin. This makes it very efficient to use without
the need for conversion of currencies.
-On shopping on Soko Janja, incentives are rewarded in
form of brevis. This brevis can be redeemed on the site for further shopping.
-Soko Janja only markets local manufacturers and
locally manufactured goods. This greatly benefits oppressed traders and gives
them freedom. By registering on Soko Janja, market traders enjoy time flexibility
where they can venture into other businesses or even retire early.
With economic development being the most important
aspect of health improvement, Soko Janja facilitates the generation of wealth
through market creation. This leads to economic growth and the poor can now be
able to access quality healthcare, live in a clean and hygienic environment and
buy quality food that helps boost their immunity.
Call +254 755 844 017 to register on Soko Janja or
visit Soko Janja to shop.
Thanks Dr. Chihobori Quai for articulating what Africa needs so vividly! Wakanda is already here with us! Ustawi Biomedical Research Innovation and Industrial Centers of Africa (UBRICA) has already done research and developed a masterplan of how such a city would look like (http://uwc.ubrica.com/2019/12/19/ubrica-one/) The work has already started in Kenya with engagement of both diasporas (Continental African-diaspora and African- American diaspora). All we need now is to implement the project in every African country. With the help of Dr. Macharia (https://www.youtube.com/channel/UCEwEyormGT4WHR-PBvh23Mw), a medical doctor who has spent more than 20 years in Diaspora, with a vision to liberate Africa from neocolonialism, has come back to Kenya to show us how it is done. It’s time to unite and build the Africa we want.
Today, with the emergence of blockchain technology, we can create our own currency that is decentralized, uncensored and borderless no more bank reserves with foreign countries that controls what we own. Now we can have a single currency on block chain for the African continent (see, https://ubricoin.com/)
After 10 years of exploration and research work, the U.S. to Africa wealth initiative (USTAWI) proposed the Ustawi Biomedical Research Innovation and Industrial Centers of Africa (UBRICA) as an alternative model for human development in frontier markets. UBRICA is a phenomenon where more and more Africans in the Diaspora, and in Africa are waking up to a deeper level of awareness that Africa’s development is the work of Africans themselves, and not the work of international development agencies. UBRICA is the phenomenon where Africans are venturing deeper and deeper into this space of awareness as a point of departure for a creative process for bringing human development in Africa into reality. The bulk of members of UBRICA are Kenyan Americans, who propose the same standard of development in Kenya that they have come to enjoy when living and working in United States. UBRICA helps to construct a language that allows Africans to communicate at this deeper level of awareness that many Africans experience, but usually do not talk about, as is not a part of the mainstream development discourse. The works of indigenous organizations owned by Africans rarely find their way to the mainstream international media. By contrast, little action by the international development institutions, receives global media coverage, even though, indigenous organizations have, by far, much greater impact on human development in the countries where they operate. UBRICA creates possibility for constructing a new language to explain such indigenous originated transnational organizations that create alternative forms of human development that have diaspora nationals of African countries and Africans in Africa leading change, and taking charge of the development of their own nations. UBRICA is also a method that is helping Africans to be more effective operating at this deeper space. The traditional method of national development in Africa, has involved African leaders taking trips to Western nations to borrow money to meet the annual budget for their respective nations. National leaders of African countries have been trained to believe that development comes from outside their nations. They have trained the people in their nations about this external source of development. This approach to development has had Africans become dependent on Western aid. In doing so, Africans overlook themselves as a source of development as they look outside of their countries for aid. In the new awareness, Africans have woken up to understand that development comes from within. UBRICA provides a method that helps to overcome the dependency on foreign aid
ENTRUST YOUTH MENTORSHIP CAMP BY STEPHJOY AND UBRICA
The Third Science, Technology, Engineering, Arts and Mathematics Camp – Thursday December 5, 2019 – Sunday December 8, 2019
THEME – ENTROPY: MONEY SCIENCE AND TECHNOLOGY
Background of the problem
Knowledge is verified or falsified information, processed
and interpreted into meaning and significance, wisdom and leadership (Gilder
2013). In Africa, knowledge is not processed to turn to information that can be
converted into money. Knowledge is only confined to microstate in isolated
systems such as universities and learning institutions (i.e., the ivory tower
syndrome). Isolated systems create a state of very low entropy. Low entropy is
caused by lack of a clear channel to transport knowledge from the university to
the community (See e.g., Clausius, 1899; Godel, 1931; Shanon 1948). Knowledge
in the universities and learning institutions, should be turned to information that
would add value to commercial products which create wealth.
Power is the ability to endow knowledge with effectiveness,
providing reliable low entropy channels of law, finance and governance, or to
suppress or overrule knowledge by coercion (Guilder 2013). Power in Africa is
mindless. It is driven by corruption and political positions. Prosperity in an
economy is brought about by dispersion of knowledge from the microstate and
from isolated systems, such as the learning institutions, to the community. Dispersion
creates conditions for high entropy (Clausius, 1899). The dispersal of knowledge
is then complemented by equal dispersal of wealth creation and power. Creating
a channel for dispersing knowledge achieves the goal of dispersing power to the
In Africa, knowledge is divorced from power. When knowledge
is separated from power, knowledge does not turn to information and therefore
it does not turn to money. Thus, the available knowledge and people in position
of power do not have economic value in the society. To create economic value
and wealth we have to unify knowledge and power through science, technology, engineering
arts and mathematic [STEAM] (Gilder, 2008).
Statement of the Problem
In Africa people in positions of power do not have knowledge
and people with knowledge don’t have power. Knowledge is separated from power with
grave consequences (Gilder, 2013). When knowledge is separated from power it
does not turn into information. Knowledge, therefore, does not turn into money.
Knowledge becomes money only when it becomes information. Information brings
power when it turns to money.
For knowledge to turn into information we have to create
conditions for high entropy. The specific problem is that the process for
creating conditions for high entropy of knowledge in Kenya is not clear.
Purpose of the 3rd Entrust STEAM Camp
The purpose of this STEAM Camp 2019 is to gather class 8 and
high school students and graduates in Kenya at Stephjoy Girls’ High School to teach
them how they can use STEAM to unify knowledge and power. The Camp will take
place from Thursday, December 5to Sunday, December 8, 2019.
The camp seeks to answer the following questions:
How can we use STEAM to turn knowledge into
information so that it can become money?
What is the scientific process for creating high
entropy of knowledge that will convert knowledge into information and
information into money?
will learn how to use STEAM to find solutions to vexing problems of daily life.
camp will help students to select careers that can help them find profound
solutions in their professional lives.
and parents will get to know the importance of knowledge and information.
and parents will learn how to use science for the betterment of society.
will learn how science, technology and mathematics convert knowledge to
information and information into money to reconcile knowledge with power.
Once the students experience the practical learning session of
the STEAM camp, they will be motivated to grow into creative thinkers. The
students will be able to generate powerful ideas for solving real-world
How we do it
We have held 2 successful camps so far, one in December 2018
and one in April 2019. Parents from all over the country bring their children
to the camp for an enlightening experience. We invite professionals from
different career fields to come and work with students. The professionals engage
the students in the morning sessions in podium presentations. Afternoons are for
practical and interactive sessions. During these sessions, we give the students
a problem where they sit in groups and work out possible solutions. Evenings include
panel discussions with the students and specialists from different professions.
The theme for this camp is Money, Science and Technology.
The students will learn how the three work together to create profound value.
The camp will use Ubricoin as a technology to illustrate how to unify knowledge
Money as Information: Entropy of Knowledge
All information is surprise. Only surprise qualifies as
information. Entropy is information in terms of uncertainty. The higher the
uncertainty, the higher the entropy in a system, and the higher the amount of
information in a system. The system between the university and the village (for
example, the university science and technology park and produce value addition
center in a village [USTP-PVAC system] has very high entropy). Entropy is the
amount of uncertainty of knowledge in the system before the USTP sets in.
Information is the knowledge that the PVAC gains after the USTP has set in the
PVAC. Information is the change between what we know before university
transmits knowledge to the village, and what people in the village know after
knowledge is transmitted to them.
Adam Smith (1776) focused on economics of order, how a
market confronted with change restored new order, a new equilibrium. Rather
than economics of order, knowledge economy relies on mathematics of randomness,
a rigorous mandate for freedom of choice. When we strip all the baggage, we
arrive at the concept of probability. All we need is certain randomness that
there is uncertainty to the outcome. Key concept of information is probability,
a genuine randomness that cannot be explained by anything more fundamental not
caused by anything. For a given set of largely observable properties of
knowledge, every possible configuration of elements of knowledge that could
give these properties is equally likely.
Shannon defined information in terms of binary digits (bits)
and measured information by concept of information entropy, or unexpected or
surprising bits. Information entropy is governed by a logarithmic equation that
derives its power from the Rudolf Clausius (1865) second law of thermodynamics,
that entropy tends to be maximum. Shannon’s entropy in a system is maximum when
all bits in a system are equally improbable and cannot be further compressed
without loss of information.
Linear economics of disorder, disequilibrium and surprise
could explain and measure the contribution of entrepreneurs (Guilder, 2013). For
a given macrostate of knowledge, all microstates consistent with its elements
of knowledge properties are equally likely. For some macrostates of knowledge,
there are lots of different microstates of elements of knowledge that lead
roughly to the same properties. While
other macrostates can be produced by only a few microstates. If we leave the
system alone, it will eventually try all microstates possible. All arrangements
of elements of knowledge will eventually happen spontaneously.
Instead of elements of knowledge being distributed by
position space, a macrostate of knowledge is really defined by how elements of
knowledge are distributed through the phase space. The average distribution of
an element of knowledge in a single individual in a phase space defines the
knowledge properties of the system. If we leave a system long enough, its
elements of knowledge will find their way and combine in all different possible
forms. The vast majority of possible distributions of knowledge elements leave
the system in a state in which knowledge is maximally spread out.
In knowledge entropy, the only special arrangement of
elements of knowledge that change entropy are the ones that change knowledge
properties. The macrostate that defines knowledge equilibrium is by definition
the one with most microstates of elements of knowledge, the maximum entropy,
assuming we do not force the system from outside, say by government
interference. In a system with a clear channel of flow of knowledge, the
probability of all elements of knowledge gathering in the same corner, say in a
university is very low. Entropy is thus a measure of freedom of choice of where
knowledge will go. When the probability of elements of knowledge gathering in
the same corner is not zero, it gives rise to an ivory tower, where there is no
freedom of choice of what to do with the knowledge.
Entropy is a measure of the number of positions that a state
can occur. In this case, we define position of a state as an element of
knowledge carried by a particular individual. In the example below (Figure 1 a
and b), one sphere contains five elements knowledge and the other one contains
zero elements of knowledge. Let us consider that the spheres on the left side
to represent elements of knowledge in the university and spheres on the right
represent knowledge in the community (say in the village). In panel (a) sphere
contains 5 units of elements of similar knowledge, while the next sphere
contains zero. There is immense knowledge in the university and negligible knowledge
in the village. A state where all elements of knowledge are in the same sphere,
has the lowest entropy because there is only one way the elements can
combine. In this state knowledge is said
to be in ivory tower, and has the lowest entropy.
In panels (c) and (d) there five different ways that elements
of knowledge in the university can combine with elements of knowledge in the
community. In the panel (e) and (f) there are many different ways the elements
can combine. When there are many ways that elements can combine, the system has
high entropy. The more evenly the elements are distributed between the spheres,
the higher the entropy. The more evenly knowledge is distributed between the
university and the community, the greater the entropy. Since entropy always
increases, elements of knowledge will evenly spread out the in the university and the community if we wait
long enough. When evenly spread out, elements of knowledge they will never
gather again in one sphere no matter how long we wait, because entropy always
Behavior of elements of knowledge is inherently
probabilistic. Entropy applies to the area occupied by elements of knowledge in
a nation. The concept of entropy does not apply to specific combinations of
elements of knowledge. Rather, entropy applies to a measurement. Say, measurement
of the area that elements of knowledge are confined to. If the elements are
confined to a small area, say, a university, the system has less entropy than
if they are confined to a larger area, say and entire county, a nation or the
entire world through the world wide web. This is because, more combinations are
possible in a larger area than in a smaller area (see figure 1 (e) and (f)).
The internet is a very large area that allows very many combinations of
elements of knowledge.
Each individual combination of elements of knowledge in a
large area is equally likely to each individual combination of elements of in
the small area. However, if we measure the area across which all elements of
knowledge are spread out, then, the greater the area, the greater the number of
combination positions of elements of knowledge are possible, because there are
more combination positions available. The internet increases tremendously the
number of combination positions of elements of knowledge from a particular university.
We call widespread combination positions as macrostates of knowledge
For each possible macrostate, there are many possible
combinations of positions and velocities of knowledge (microstates). The number
of possible microstates is much larger for a macrostate with large area such as
a county, or a nation. The internet is the largest macrostate of elements of
knowledge. To maximize the entropy of elements of knowledge in a university all
students and teaching staff must learn to work effectively on the internet.
They must post their final published works on the world wide web.
If the number of possible microstates is larger, we say that
a particular macrostate has high entropy. If number of combinations of elements
of knowledge is very large on the internet, we can say that the internet has
very high entropy. While, all microstates are equally likely, all macrostates
are not equally likely. All individuals in a university are equally likely to
produce innovations. Not all innovations are likely to become commercializable
products in the real world.
UBRICOIN CHANNEL TRANSMITTING KNOWLEDGE OVER TIME AND SPACE
Because Shannon was remorselessly rigorous and restrained,
his theory could be brought to bear on almost anything transmitted over time
and space. Ubricoin, UBN as a transmitter of knowledge has large capacity for
works of innovation that include design, engineering, manufacturing, marketing
and distribution in a PVAC. Innovation is a complex endeavor dense with
information at every stage. While the managing director of a PVAC will control
information on many of the stages, the ultimate success will depend on
existence of UBN working as a channel through which the innovation can be
consummated. UBN channel for knowledge is vital to PVACs achievements.
PVACs will need existence of a stable channel that ideas
conceived by combination of elements of knowledge at one point in time and
space to arrive at another point in time and space. Essential to UBN as a channel
is existence of Smithian (1776) order, such that essential features of the
economic system in place at the beginning of the value adding processes at the
PVAC are still there at the end. This is where a stable government policy comes
in. Essential Smithian features include
free trade, reasonable regulations, sound currency (cryptocurrency), modest
taxation and reliable protection of property rights. Thus success of PVACs as
places for combination of elements of knowledge delivered through UBN channel
will need an environment that does not drastically change in these critical
elements. Technology developed at PVACs can radically change but the basic
elements of the environment of operation of UBN channel cannot change
drastically for free entrepreneurship to occur. As such, transmission of high
entropy surprising elements of knowledge requires a low entropy unsurprising
channel largely free of interference such as a cryptocurrency.
CHANNEL CAPACITY OF UBN
In microstate, we have no control over the position and
velocity of elements of knowledge. But we have to control certain properties of
the channel of knowledge such as the bandwidth, quality of the signal, and the
noise. Shannon formulated his channel capacity theorem thus:
C = B log2 (1+S/N). Where, B = bandwidth of the channel; S =
received signal power; and N = Gaussian noise. S/N ratio means that if the
received signal has low power, the channel capacity is low. If the Gaussian
noise is very high, the S/N ratio is extremely low, approaching zero. Very high
noise in the channel reduces the capacity of the channel C to zero.
Bandwidth is the apparent physical carrying capacity of
elements of knowledge, carried in each individual. Peer to peer, boundariless
cryptocurrencies have a very high unrestricted bandwidth for passing unlimited
amount of elements of knowledge from the university to the community.
Cryptocurrency has bandwidth billion times greater than than those possible
with paper money of fiat currency.
Noise is the change in the channel. An ideal noiseless
channel is perfectly linear. A cryptocurrency such as UBN is an ideal channel.
What goes in to the channel is what comes out. Such a channel is changeless.
The message in the channel communicates the changes. The message of change can
be distinguished from unchanging parameters of the channel.
Noise in the channel that reduce channel capacity comes from
many sources including acts of God (e.g., earthquakes, floods, volcanic
eruptions and the like). An overzealous government is the greatest source of
noise and interference in a channel. The government interferes with channel in
when the government neglects its role as
guardian of the channel by failing to create stable political and economic
when the government tries to help by
becoming the transmitter, turning up the power to certain favored signals, and
fills the channel with unpredictable political interference that depresses the
sacrificial longterm investment of capital.
Interest rate is the opportunity cost of investment. When
government manipulates interest rates of fiat is send false signals about
investment breeding confusion that undermines entrepreneurial activity.
Economic friction of fiat currency is a great source of noise, that reduces
channel capacity for transmission of university knowledge to communities to
the concept of entropy, what can we do to increase the outflow of knowledge
from learning institutions (High schools, Colleges and Universities).
Well there has been so much noise concerning Ubrica as
a whole and today I thought it wise that we should clear the air concerning
some of these issues. These are some of the frequently asked questions when it
comes to Ubrica and its ecosystem.
Well let’s start by defining what a scam
is. According to the Oxford dictionary, a scam is a dishonest scheme or fraud. As we have been told time and
time again, Ubricoin is a
cryptocurrency built on Ethereum blockchain. It is a peer-to-peer utility token
that operates under open and distributed ledger. An open ledger ensures that
all UBN transactions are clearly visible to everyone and a distributed ledger
ensures that all UBN transactions are distributed to the actors within the network.
In this way, Ubricoin cannot be a scam because it is verified by the blockchain.
This question resulted from the Ubrica bot which
earned participants several Ubricoins per referral. Well a pyramid scheme is an illegal form of investment in which each paying participant recruits two
further participants, with returns being given to early participants using
money contributed by later ones.
A bot works by rewarding every individual participating in the airdrop; the
referrer and the referee. No payment is required in order to participate in an
airdrop. The answer therefore, is no. Ubrica is not a pyramid scheme.
Ubrica is a life science and health production
organization, aimed at improving global health. This is the mother to the Ubricoin.
Ubrica seeks to solve three main problems; access, quality and cost of health.
Access to quality healthcare has been a challenge in Kenya because for one to
be treated, they must have money to cater for their hospital bills. Money has
been the main priority for healthcare providers instead of treating the ailing
patient. With little to no money, the quality of services provided in hospitals
is very poor. The pieces of equipment used are very expensive to obtain and
maintain hence making the cost of medical treatment very high. This means that
very few people have access to quality services.
Ubrica seeks to solve these problems by introducing
one very important element: economic development. This is through product
promotion for Kenyan products in order to create more markets through social
sites for example Soko Janja. Soko Janja is an online shopping site whose
purpose is to create market for Kenyan goods and services.
Introduction of research centers in Kenya (BMIC) will
ensure that there is little to no import of medical products because these will
be areas where extensive research takes place as well as innovation of new
products for example water drip and medicine for various diseases.
Ubrica will also build Ubrica Retail Clinical Centers
(URCCs) which are units that will contain clinics, retail centers and workshops
all within the same location. These clinics will have patient records stored in
the blockchain and payment for services and medicine will be through Ubricoins.
Universities in Kenya will have areas for research,
innovation and product commercialization known as University Science and
Technology parks (USTP).
Ubrica chapters with 1000 or more members stand a
chance of owning a USTP or a URCC.
Yes. Money is a system of agreements and symbols that
influence creation and exchange of value and power according to Bendel, Rudick
and Slater (2015). Through this definition, we are able to understand that
money is not only the physical notes we see but it can comfortably exist on the
internet as well. Cryptography, in blockchain, allows creation of
cryptocurrencies which naturally exist on the internet. Blockchain is a digital
transmission protocol that supports movement of cryptocurrencies from one
person to another. Money over the internet protocol through blockchain has
existed since 2009 when Bitcoin was created by Satoshi Nakamoto.
Selling and getting rich quickly is a scam mentality.
Most people have the microwave mentality whereby if they can’t get their money
back as soon as they invest, they do not consider investing at all. This is
especially dangerous because they miss out on a lot of opportunities.
Ubricoin acts as a store of value, meaning the
advantage lies with those who buy the coin when the price is still low then
sell when the price appreciates. Investing in cryptos requires patience and a
mindset that is programmed to envision the future. With such an attitude, one
can invest in as many UBN as possible and sell them for a profit instead of
just dumping them on any exchange at a very cheap price which quite frankly
We need to appreciate the value that Ubricoin holds,
because everything needs to be built on a foundation that is strong and that can withstand the test of
Remember Hunter S. Thompson said,
“Anything worth doing is worth doing right”.
contract interaction: this is whereby ETH is sent directly to the main contract
that is; 0xDB13025b219dB5e4529f48b65Ff009a26B6Ae733 the UBN automatically
reflect in the wallet.
UBN has been listed on various exchanges eg Coinmex, Fedlio, Instant bitex,
Etherflyer, Cashpayz, Finexbox as centralized exchanges and Ledgerdex and
Starbit exchange as decentralized exchanges.
Exchange Offering (IEO): unlike the exchanges that allow you to buy and sell,
IEOs only allow buyers to buy as many coins as possible but selling is not
possible during the IEO.
The price of UBN is determined by the market forces.
Market forces are factors that influence the price of a commodity such as UBN
to change without governmental influence. These factors include:
Supply and demand
When Ubricoin is in demand with less supply, the price
tends to be very high. However, the opposite is true. The goal is to balance
the two so as to have an equilibrium price. An equilibrium price will ensure
that the price remains high in spite of the fluctuations guaranteed to occur in
This majorly deals with how individuals have been able
to adopt the coin in their everyday transactions. Acceptability of a coin
ensures that the price appreciates.
The speculations and expectations of traders greatly
influence the price of the coin. This is because if traders do not have
expectations with a coin, they will not trade it. Speculative predictions done
by specialists inform traders when prices will be high so that they can buy the
coins in bulk so as to sell them later.
When trade is active, the price of the Ubricoin appreciates
and the opposite is true.
The wave of cryptocurrencies is not a new concept in Kenya
because so many people trade and hold Bitcoins.
The Ubricoin has developed roots in universities
whereby students are now exchanging commodities and favors for Ubricoin. Numerous
shops have the “UBRICOIN ACCEPTED HERE” flyer on their doors. Even the people
in rural areas have started familiarizing themselves with Ubricoin because its
news have spread like bushfire. 60% of people attending our events pay using
I think that indeed Kenya is ready to accept the Ubricoin as more and more people get familiarized with the coin and the kind of freedom it offers to its holders.
Land registration in Kenya
has become easier on the blockchain. The transaction hash generated from the
exchange of value during a sale of land on blockchain, serves as the receipt of
the sale and a record of the transfer. It serves as a digital title deed. On July
11 2019, owners of a certain land in Kiambu County decided to register their
land on blockchain. This week another piece of land was presented to us for
registration on blockchain
We were later approached by other land owners who wanted their land registered on blockchain. We successfully registered a piece of land in Gilgil, Nakuru County measuring 10.67 hectares. The piece of land that was being valued at 2 million Kenya shillings per acre changed hands for 1,067,000 UBN per acre, a total of 28,462,225 UBN.
technology has changed the world in various ways by making most of the work
easier in industries. Embracing this technology in land transactions will
enable many people to benefit from it. An advantage that blockchain provides is
the transaction is peer-to-peer without third party. The blockchain ensures
that the transaction is not fraudulent, but seamless.
Land transaction is an example of
how a smart contract works. The smart contract is built on blockchain and
inherits blockchain property (i.e., immutable, distributed and decentralized
providing digital security). Smart contracts are self-executing. They eliminate
the third party by solving issues in a way that does not require human trust.
The land transaction on blockchain
eliminates hidden costs and unnecessary intermediaries involved in the buying
and selling of land while reducing transaction cost and transaction time significantly.
It also enhances data security and eliminates manual errors and duplication of
Blockchain technology also
records details of every transaction into a digital ledger that cannot be
deleted or manipulated. The technology will seek to address the problem of double
selling of land, corruption by middlemen and unjustified cases of demolition. This
innovation will transform Kenya’s land buying and selling process that is often
characterized by manual records, missing documents and duplicate title deeds,
other forms of malfeasance in land registries.
From this successful
implementation of blockchain on the land transaction, we can see that the
adopting and appreciation of the potential of blockchain is being regarded positively
by many people. This now gives us a grand opportunity to significantly
alleviate such incessant challenges in our real estate industry permanently.
We have developed a community participation program called
World Ubricoin Ambassador Program. The program is aimed at engaging community
members in solving their problems through chapters.
A chapter is a group with members from a particular
community. A chapter will be made of at least 13 people from a specific region.
The main reason of developing chapters is from our understanding that knowledge
is specific, and solutions to a certain problem should be specific. We know
health is very poor in Kenya, but also we know other regions are worse than
others. Coming up with a solution for all will be going against our principles.
Each community have strengths and weaknesses so prescriptive interventions will
not work. We talk of sustainable one health and in this theory a prescriptive intervention
is not sustainable.
Community members knows better than people from outside that
community. So a chapter in a specific area will be able to come up with
solutions that are relevant and fit for that particular community considering
what is locally available and what and their specific needs.
Co-creating with the chapters will help identify the specific
problem in healthcare. Through the help of the Ubrica project we will then work
together to solve it. An active chapter with at least 1000 chapter members will
be legible for Retail Clinical Center or a Science and Technology Park for a
chapter in the university or a chapter with a university.
The ambassadors will be responsible in bringing the members
of the chapter together. We believe that the people joining the program already
have a vision on how Ubricoin, Soko Janja and Ubrica Project will transform
their community. So, the ambassadors will work to fulfil their vision on their
community by working together with people in their community to change their
This is your chance to do something in your community. Most
of times we want to do something but we don’t know how. We have already
provided you with a plan, you have the way to do it, your work is just
implementing, and of course with the Ubrica office guidance you get to save
lives and make your community a better place through the Ubrica Sustainable One
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)
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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Join the conversation on Telegram https://t.me/joinchat/J-0FAUgN8EMwGwShzQlzAQ
Be part of the digital currency revolution. Don’t be left behind.