The Ubex Platform
The Ubex platform will provide ample opportunities not only to publishers and advertisers, but also to
companies that need regression analysis of user data. The system’s neural core, which is responsible
for making decisions at all stages of the life cycle of the advertising material, will have an API, access
to which can be provided to partner companies.
The behavioral decision-making blockchain allows one to evaluate user data and make a judgment
about the perceived interests of the user. This regression estimate can be used not only to display
advertising materials, but for other purposes as well. The API will provide an opportunity to retrieve a
list of expected categories with an estimate for each based on a query with user data.
Training the system core to obtain relevant and accurate forecasts is a laborious process. In this
regard, the platform will provide the ability of adding statistical data to the site user’s actions, which
can be used as a training sample for the system’s core. The site owners who provided data will receive
a reward proportional to the contribution of the data provided for training the system core. These
actions are similar to mining, when users are rewarded for labor-intensive work (providing statistical
data for the formation of a training sample).
The Ubex Wallet
The UBEX Token will act as a payment unit on the Ubex platform. The need for a Token is based on
the need to credit funds from advertisers’ accounts for the displays of advertising materials that they
have bought. Basic cryptocurrencies do not allow the crediting of funds from third party accounts
even if one has permission from the third parties. The Token allows for setting quotas (allowances) to
a specific address within which the owner of the address can use the funds available on the account.
Crediting is possible only on condition that the account holder has established the size of the quota
and only from the address to which the quota is issued, otherwise the funds cannot be credited.
In addition, as mentioned in the previous section, the Ubex platform will enable the owners of
websites, who are providing statistical data for training of the system core, to receive UBEX Tokens
as a reward for their actions (similar to mining). 5% of the income from all Ubex transactions will be
distributed to the data providers. Due to the existence of the allowance techniques in proprietary
Tokens, these Tokens allow executing smart contract, which allows such actions to be written. The
use of cryptocurrency does not directly provide such opportunities. We call this function Ubex Data
Mining (UDM).
The Ubex platform will allow the input of Tokens into the system and their output for a wide range
of crypto and fiat currencies. The Ubex platform will allow the input of Tokens into the system and
their output for a wide range of crypto and fiat currencies. Any user can exchange his tokens for such
cryptocurrencies as ETH, BTC, USD, etc. using the Ubex exchange rates. The exchange rates will be
determined by the needs of the market and based on the trade data of the UBEX Token.
The Technology
How it works: The system’s Neural Core and its interaction with the blockchain.
The system core named Advanced Decentralized Advertising Marketing (ADAM) is responsible for
making the decision to display advertising materials. This decision is based on the data stored in the
blockchain as well as on the model data of the neural network stored internally.
The main features of the system can be explained on the life cycle of a widget that promotes a
car insurance service – from (1) the advertiser’s, (2) the publisher’s and (3) the user’s perspective
respectively
The model of the neural network
As part of the system, thousands of DSPs will perform regressive estimation of qualitative or
quantitative indicators for compliance with a certain result.
Each DSP is a neural network.
The layer of input parameters consists of normalized per unit indicators. At the output stage, the
neural network gives normalized per unit judgments about the set of output properties.
Each node within the hidden layers of the network is a neuron. At the first approximation, the artificial
neuron imitates the properties of a biological neuron. At the input stage, an artificial neuron receives
a certain number of signals, each of which is the output of another neuron. Each input is multiplied
by the corresponding weight, similar to the synaptic force and all products are summed, determining
Legal implications with UBEX Tokens
UBEX Tokens are blockchain Tokens, which are digital Tokens created on a blockchain as part of a
decentralized software protocol. UBEX Tokens are crypto-Tokens issued on the Ethereum platform
on the basis of an ERC20 standard contract. UBEX Tokens are payment Tokens designed to support
transactions on the Ubex platform. Ubex do not grant their holder ownership or equity in the Company
or the right to participate in the control, direction, or decision making of the Company. Individuals,
businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring
UBEX Tokens. We make no promises with respect to the future performance or value of UBEX Tokens,
including no promise of inherent value, no promise of continuing payments, and no guarantee that
UBEX Tokens will not decrease in value or hold any particular value. UBEX Tokens are nonrefundable.
Ubex purchasers shall accept sole and exclusive risk for the purchase of the UBEX Tokens and
shall recognize that the Ubex platform is currently in development and may undergo significant
changes. Please refer to the risks associated with Ubex acquisition in the relevant section of our
Terms and Conditions. This concept is fundamental to the objective of the Ubex platform - to spread
cryptocurrency to the global economy.
Limitations on purchasing and using UBEX
Tokens. US Legal Limitations
In July 2017, the Securities and Exchange Commission ruled that some Tokens can be considered as
securities and are thereby subject to the agency’s regulation. The ruling followed an SEC investigation
into a German corporation, backing a group called The DAO (Decentralized Autonomous Organization),
that raised $150 million on its ICO. The DAO issued coins that were used to pursue an automated
contribution strategy, which entitled Token owners to receive rewards similar to dividends. For more
details https://www.sec.gov/litigation/investreport/34-81207.pdf.
The SEC also forced Protostarr, a decentralized application allowing content creators to receive
funding from fans and contributors in return for channel earnings, to shut down midway through its
Token Sale.
By offering dividends and profit-sharing, these companies were clearly offering a security and failed
the Howey Test created by the US Supreme Court to evaluate securities.
For more details please follow the link below:
Website :https://www.ubex.com
Facebook :https://www.facebook.com/UbexAl/
Twitter :https://twitter.com/ubex_ai/
Telegram :https://t.me/UbexAI
Linkedin :https://www.linkedin.com/company/ubex-ai/
Youtube :https://www.youtube.com/c/UbexAI
AUTHOR :
Bitcointalk username : Driean
Fropil link : https://bitcointalk.org/index.php?action=profile;u=545651
Wallet : 0x0872bf5Fb779e726D5438ed144B304322117b697
