The First Blockchain Personal Cloud: Universal Labs

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Introduction
Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Through this way you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
For this reason, the project I am going to present you is Universal Labs, a project that aims to create a hardware device designed for personal storage in the cloud adressed to individuals and businesses, called Ubbey Box.
Definition
As I said before, Universal Labs (ULABS) (ulabs.technology/) is the first platform based on blockchain that, thanks to this new technology, creates a very simple and effective solution to take advantage of all the benefits of personal clouds without any inconvenience.


Goals
Through the use of blockchain technology, the main objective of Universal Labs is to take advantage of all the bene fi ts of personal clouds without any of the disadvantages through a very simple and effective solution.

Benefits
The Ubbey Box design bring a lot of benefits like following:
  • It allows the exchange of ownership of digital physical assets in a peer-to-peer manner.
  • It can be used as a personal storage in the cloud for individuals and companies.
  • Provides the user with a large amount of secure data storage space, with 1 TB or 2 TB options available in the fi rst version
  • It allows users to backup or store in one place and access file from anywhere at any time. Users can connect Ubbey - Box with different devices, including, among others, media players, game consoles and smart TVs.
  • Ubbey Box can also connect with several smart devices in the future.
  • Ubbey Box also acts as a miner in the Bitcoin network.
  • The Ubbey network block creator will be randomly selected from the Ubbey box nodes based on the Proof of Storage consensus algorithm.
  • Users can extract the TOK token by sharing their personal storage space and be rewarded with the TOK token as an incentive to enhance and protect the network.
How it works
The Ubbey Box has three main work systems:
a) On the one hand, the Ubbey Box is the personal storage in the cloud for users in which they can access from anywhere with dizzying performance and unparalleled comfort.
b) The most important thing is that Ubbey Box acts as a connection point for the Ubbey network.
c) Finally, it is also used to mine for YOU Coins by connecting the storage space around you to the network, as well as using your own storage space.
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Roadmap
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Airdrop

The project gives the opportunity to earn Universal Labs (YOU) tokensperforming some social media tasks and doing simple steps from the bounty program explained into the Bounty0x platform. Here (https://alpha.bounty0x.io/bounties/140462) you can access to the link in order to see what are the conditions to become an early YOU contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (http://ulabs.technology/images/Universal-Labs-WhitePaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/universallabs). I hope you liked the post and soon I'll send you new ones.


Extra details
Token: YOU
Platform: ETH
Type: ERC-20
ICO price: 1 ETH = 100,000 YOU
Tokens for sale: 4,000,000,000
Author Details
Email: adria.parcerisas.albes@gmail.com
Bounty0x username: @adriaparcerisas
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71

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