Project UBU has launched its initial token sale (ITO) for its UBX token.
UBX is an ERC-20 token which runs on the Ethereum public blockchain and is priced at $5.00.
The token sale will roll out in three phases: pre-sale, public sale, and contract sale.
The pre-sale phase will last until 28 September and will have a cap of 4 million tokens. Pre-sale investors will earn 25 bonus tokens for every 100 tokens purchased.
Pre-sale applications are non-binding and payment is only due on 29 September – once applications are approved.
The public sale will have a cap of 4.5 million tokens and will run from 29 September to 29 October.
The final contract sale phase will commence on 21 October and end on 15 November – with a cap of 4.5 million tokens.
Details about the UBX ERC-20 token and Project UBU are available in the startup’s whitepaper.