UBA Announces Plans Towards Decentralized Governance
Universal Basic Asset is a cyber initiative to create a new kind of asset in which 10% is always allocated for free.
UBA’s idea is to experiment and eventually establish a more equitable capital distribution system in the emerging digital economy.
Now UBA has announced its plans to transform its governance from a small community experiment model to UBA DAO (decentralized autonomous organization).
UBA ownership will soon represent DAO voting rights, thus anyone who owns UBA will have a voice in the cyber governance moving forward. In transitioning towards a DAO framework, UBA is making greater strides to aligning with the mission at the center of its existence.
UBA proposed economic revolutions take place first in the digital realm and from there, moving on to revolutionizing real world economic systems.
Founded by a small community in Canada in Early 2021, the UBA project is a Testnet product which made its digital debut in September of the same year, and as of the time of this press release, has over 90,000 test users across the globe.
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