The design of the Ulity Token Ecosystem allows users to measure the productivity utility of their data assets and will be rewarded with Ulity Token. Our patented algorithm measures the data assets’ productivity and awards “Peace Points “to the contributor throughout the lifespan of their content, which may subsequently be converted into UT. The contributors may determine how these points are to be apportioned with smart contract licensing agreements. Many factors go into measuring productivity, including the number of members that interact with your contributed content, or from consumption of other member’s content. With the Ulity UWallet, members can hold UT, share it peer-to-peer, exchange it for special Ulity goods and services, share donations, or exchange UT for other digital assets.
Ulity Token is a non-refundable functional utility token which will be used as the medium of exchange between participants on the Ulity Platform in a decentralized manner. The goal of introducing Ulity Token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Ulity Platform, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. Ulity Token does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will Ulity Token entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. Ulity Token may only be utilized on the Ulity Platform, and ownership of Ulity Token carries no rights, express or implied, other than the right to use Ulity Token as a means to enable usage of and interaction within the Ulity Platform.
Ulity Token provides the economic incentives to encourage users to contribute to and participate in the Ulity Platform, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. Ulity Token is an integral and indispensable part of the Ulity Platform, because without Ulity Token, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Ulity Platform. Given that additional Ulity Token will be awarded to a user based only on its actual productivity, usage, activity and contribution on the Ulity Platform and/or proportionate to the frequency and volume of transactions, users of the Ulity Platform and/or holders of Ulity Token which did not actively participate will not receive any Ulity Token incentives.
Flexible Roles – This is a circulatory ecosystem - Merchants can participate as Contributors and Sponsors, Contributors can participate as Sponsor and Merchants, and Sponsors can participate as Contributor and Merchant.
In this model, contributors, developers, and service providers will enjoy the right and opportunity to innovate and compete for compensation, while users will benefit from a diverse digital experience, freedom of choice, and access to a broad range of commercial services. The motivation of the contributor is the driving fuel of the economic system-growing engine.
The ecosystem is designed to align each of the user group’s interests in order to encourage global participation in the platform and provide economic opportunity to all participants.
Contributors - All web contributors (creators, editors, writers, commenters, or browsers) will be attracted to Ulity by the idea of earning rewards by doing the things they are already doing every day. Contributors and editors are able to protect their creative work with smart contracts. They are incentivized to improve the quality of their content and make their pages more attractive to draw more productive engagement. Merchants and Sponsors are incentivized to contribute their knowledge of their industry to gain UT and a closer interaction with their customers.
Sponsors - can run advertising content within chosen posts or stand-alone add posts. . Because of Ulity’s non-profit status, Sponsors are donating to the Ulity Foundation to advertise and support Ulity’s humanitarian efforts. The integrated social platform will help Sponsors connect to their desired community and engage through creative content. Our productivity algorithm will be able to guarantee beneficial CPM (cost-per-mile) for donation amount.
Merchants - will be qualified by the Foundation for the ecommerce platform, ensuring quality for Ulity members and an exclusive access to the Ulity community for the merchants. Merchants can offer discounts because of the value of the closed community, incentivizing UT exchange and Level 2 and Level 3 memberships. Merchants can also earn productivity points by contribution to the knowledge base and interacting with their consumers.
Ulity Foundation – The Foundation is crucial for the maintenance, development and global outreach of the Ulity Platform. A portion of all transactions within the ecosystem of Ulity will be paid to the Foundation to continue funding platform development, improving the user interface and enhancing the content environment. The Ulity Foundation holds the long-term goal of a decentralized organization benefiting billions of people around the world.
We have create several ways to generate UT inside the app like post and read articles, recommend the app to your friends, spend time in the app.
All of this activity will generate for you our "Peace Points", which you can exchange later for UT.
An extra option could be buy them directly through the app or the website.
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