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FAQs

Frequently Asked Questions

Ubuntu Tribe Investor FAQs


“Ubuntu” in several African languages means “I am because we are.” One can find variations of the word Ubuntu across the African continent. In Rwanda, “Umubuntu” refers to humans. In the Congo basin it is called Abantu. In other words, in ancient knowledge, Ubuntu refers to humanity. The very essence that makes us humans. We believe we can address financial inclusion and create wealth after this powerful word to call upon each human being to nurture the very attributes that define our species: dignity, freedom, love, oneness and consciousness.

Most fiat currencies  are not accepted anywhere outside their economic communities. This is a major hurdle for cross border trade and growth, notwithstanding that 70% of the population in emerging markets are unbanked and are excluded from the global economy. Further, access to wealth is a global issue as inequalities are widening year on year leading to latent social crises. Financial exclusion,  glaring poverty trap and deprivation of essential services are three main socio-economic challenges facing humanity today.

UTribe.One is a digital trade, commerce and payment platform backed by gold. Our ecosystem participants connect, create, invest and exchange value with the ultimate aim of wealth propagation, distribution and financial empowerment. 

Because Gold is valued everywhere in the world, UTribe.One is a digital cocoon that removes barriers to the global economy. In a world where talent, natural resources, wealth and goods are unevenly distributed, humanity needs UTribe.One as an equalizer, a common, virtual space and a common denominator. As a result, UTribe.One, powered by tokenized gold, makes financial inclusion, wealth creation and economic empowerment possible across the world.  

Liquidity event where clear offer is made to company at acceptable price.

UTribe.One, is a digital trade, commerce and payment platform backed by gold. Our ecosystem participants connect, create, invest and exchange value with the ultimate aim of wealth distribution and financial empowerment. Our gold backed digital assets will be sourced, tracked and traced directly from producers and aggregators. 

GODL: Digital Asset 100% Backed by Gold

GODL is a regulated, safe and secure investment 100% backed by Gold. GODL will be available for UTribe.One Community members for purchase from as low as $5 cents. Community members can use those digital assets as a savings instrument or trading instrument for exchange of goods and services via our embedded gold exchange.

UPro: Securitized Convertible Note for investors

UPro is an equity derivative in the form of a security token (Convertible Note), offering investors the option to convert into preferred shares of The Ubuntu Investment Company (trading under Ubuntu Tribe). U-Pro is delivered as a token for investors during the Security Token Offering.

U-Pro tokens have two fundamental features:

– Convertible into preferred shares at a ratio of 1:1 at the earliest of 24  months after the STO.

– U-Pro assigns investors the right to the distribution of preferred dividends: 7% annual interest payment (payable quarterly, non-cumulative) until conversion into common shares.

  • UTribe.One, is a digital trade, commerce and payment platform backed by gold. Our ecosystem participants connect, create, invest and exchange value with the ultimate aim of wealth distribution and financial empowerment. Our gold backed digital assets will be sourced, tracked and traced directly from producers and aggregators. GODL: Digital Asset 100% Backed by GoldGODL is a regulated, safe and secure investment 100% backed by Gold. GODL will be available for UTribe.One Community members for purchase from as low as $5 cents. Community members can use those digital assets as a savings instrument or trading instrument for exchange of goods and services via our embedded gold exchange.UPro: Securitized Convertible Note for investors.

    UPro is an equity derivative in the form of a security token (Convertible Note), offering investors the option to convert into preferred shares of The Ubuntu Investment Company (trading under Ubuntu Tribe). U-Pro is delivered as a token for investors during the Security Token Offering.U-Pro tokens have two fundamental features: 

    1. Convertible into preferred shares at a ratio of 1:1 at the earliest of 

      1. 24  months after the STO 

      2. Liquidity event where clear offer is made to company at acceptable price.

    2. U-Pro assigns investors the right to the distribution of preferred dividends: 7% annual interest payment (payable quarterly, non-cumulative) until conversion into common shares.

  • The Ubuntu Investment Company is the registered name of the company owning the intellectual property of UTribe.One and its native tokens.

  • UTribe.One is  our digital trade, commerce and payment platform backed by gold.

  • GODL is a regulated, safe and secure investment 100% backed by Gold.

  • UPro is an equity derivative in the form of a security token (Convertible Note), offering investors the option to convert into preferred shares of The Ubuntu Investment Company (trading under Ubuntu Tribe).

TUIC, holding company registered in Mauritius (STO friendly). Currently considering registration in Liechtenstein for European STO.

80% of funds raised during and post STO will be used to purchase or pre-finance gold extraction at an optimal price.

Adoption is driven via the UTribe.One platform – these power the Ubuntu Tribe economy of digital trade, commerce and utility. We will drive adoption through partnership and rewards. 

Bottom up approach: In order to reach a broad audience and drive faster adoption, the Ubuntu Tribe team has deployed a solution inspired from the Ubuntu philosophy consisting of strategic alliances with key distribution partners and institutions with large outreach such as banks, mobile operators, universities. 

Top Down Approach: We have combined this bottom up approach with a top down approach consisting in engaging regional organizations and have secured gold from suppliers in Africa & North America. We are currently negotiating key frameworks with African governments to help pre-finance equipment and technical assistance for artisanal gold miners in exchange for the regular supply of discounted gold.

Gold is one of the best investments in the current economic climate and has gained 500% in value over the past 20 years. It is still affordable and a proven, secure, and safe investment opportunity.

Where does Ubuntu Tribe source and store its gold?

Ubuntu Tribe tokenizes gold and sells it at gold market price (in the form of the GODL token). GODL tokens are backed by gold sourced from three types of markets:

  1. The LBMA market where we purchase OTC gold at spot price;

  2. From African artisanal mines that provide Ubuntu Tribe with gold at a discount in exchange for pre-production funds used to buy equipment;

  3. Recycled gold to minimize the rate of exhaustion of earth’s resources.

Ubuntu Tribe´s gold reserves constantly meet or exceed the amount of GODL in circulation. Token owners can redeem their GODL assets for physical gold and fiat. GODL’s divisibility to 0.001 grams (USD 5 cents) democratizes gold ownership (stored in secured audited vaults) for the world. 

All gold purchased by Ubuntu Tribe is audited, insured and stored in private secured gold vaults in Monaco, Switzerland, Liechtenstein and Singapore.

 

Adoption, Adoption, Adoption: Ubuntu Tribe has a unique positioning in its competitive landscape due to the large amount of ground it has covered in the race for adoption. Even before launch, Ubuntu Tribe has secured partnerships that provide its users with access to (i) an online marketplace; (ii) BTMs for cash liquidity; (iii) an effortless onboarding for millions of mobile phone subscribers. Further, through our strategic partnership in discussions with a major African telecom provider, Ubuntu Tribe will soon have a direct access point to 150 million mobile subscribers.

Mining Technology: Mining is a critical element of our business model which highly impacts Ubuntu Tribe´s level of success. For that reason, we have prioritized the use of cutting edge mining technologies in order to set us apart from not only other gold-backed token projects, but the global mining sector at large. As a result, we have secured an exclusive mining technology that avoids mercury contamination and increases extraction yield by 10-20%.

Microtransactions: Users can perform transactions of very small amounts at minimal costs. High banking costs have resulted in the slow adoption of traditional banking methods (a mere 24% penetration rate in Africa). In most emerging markets, transactions can be very small in value while traditional credit/debit cards require a minimum value of transaction and charge fixed fees for acquisition of terminals. In addition, remittance costs often reach 10% of transaction costs while UTribe.One offers faster, safer transactions 80% cheaper than incumbent remittance companies.

Trade Finance: Ubuntu Tribe helps fast track the digitisation and automation of trade finance that historically requires heavy logistics to handle document collection, letters of credit and consignments. With UTribe.One, commercial users use cryptographic keys and multi-signature wallets stored on the blockchain, replacing the traditional documents required for trade finance.

Adoption is driven via the UTribe.One platform – these power the Ubuntu Tribe economy of digital trade, commerce and utility. We will drive adoption through partnership and rewards. 

Bottom up approach: In order to reach a broad audience and drive faster adoption, the Ubuntu Tribe team has deployed a solution inspired from the Ubuntu philosophy consisting of strategic alliances with key distribution partners and institutions with large outreach such as banks, mobile operators, universities. 

Top Down Approach: We have combined this bottom up approach with a top down approach consisting in engaging regional organizations an has secured gold from suppliers in Africa & North America. We are currently negotiating key frameworks with African governments to help pre-finance equipment and technical assistance for artisanal gold miners in exchange for the regular supply of discounted gold.

All gold purchased by Ubuntu Tribe is audited, insured and stored in private secured gold vaults in Monaco, Switzerland, Liechtenstein and Singapore.

UPro Pre-STO offers you an opportunity to protect your wealth now from the upcoming economic crisis implied by COVID19-induced deflation followed by hyperinflation. The expected returns on investment range between 33-63% over a 3-year period, assuming average gold price increase of 10% p.a.

Artisanal mining (ASM) is characterized as high labor intensity and low capital investment, in comparison to large-scale mining, which is highly mechanised. ASM is mostly informal and unregulated, with miners employing rudimentary tools and equipment to mine and process the gold. Some 90% of the labor force involved in gold mining is made up of artisanal and small-scale miners. They produce 380-450 tons of gold each year, around 10% of the global gold supply. The industry employs 40 million people globally living in poor conditions. We intend to change that.

Most mining laws are geared towards large-scale industrial mining and governments tend to give the large-scale industry preferential mining rights. This increases the vulnerability of small-scale miners who find it hard to access legal mining rights, pushing them into running informal and illegal operations.

Blockchain and distributed ledger technology is essential to maintaining the trust of UTribe.One token holders and the transparency of the platform.

UTribe.One´s build on blockchain protocol has the biggest impact on our ability to streamline mining operations and track the entire gold supply chain: log of miners´ work hours, progress on mining, use of equipment, vault auditing. Not only does leveraging blockchain save us millions of dollars spent on paper-based systems, but it also provides our community with the visibility to hold us accountable for our operations.

By digitizing our mineral supply chain onto the blockchain we ensure end-to-end secure tracking of precious metals and are able to introduce a non-speculative, non-cryptic, bank compliant, exchangeable digital currency. This system creates a secure supply chain through mineral tracking, which in turn helps fight against fraud with on-site recording and digitisation of each gram extracted. The digitisation also enhances safety for artisanal miners by offering transaction management mobile applications, replacing cash-based systems.



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