Palo Alto, CA, August 30, 2017 --(PR.com
)-- As part of the platform development process for #SmartLiving UbiNET Inc.
has launched two cryptocurrencies: the ThingCoin and UbiNET token. The two currencies work together within the platform to both secure identity and enable transactions. UbiNET token is the user access token for the UbiNET platform and ThingCoin is the transaction currency within UbiNET.
"We have only issued a limited number of access tokens and transaction coins at this point to test the ecosystem and evolve a number of market propositions," says CEO and Chief Scientist Karl Smith.
The UbiNET platform is reliant on several technologies including, micro sensors that use ambient power, blockchain, cryptocurrencies, 5G and artificial intelligence as defined in the Open Network Ecosystem Protocol patent and won’t launch until they are all aligned.
"We have not ruled out an ICO to create the funding for a city state test of UbiNET but we want to be sure that investors gain a benefit before we move in that direction, we are reviewing several funding options at this stage but will continue to use our consultancy profits until real value can be offered to investors," says CEO Karl Smith.