Abstract 3 

1 Introduction 4 

2 Value Proposition: The easiest way to buy, hold and trade crypto for the  mainstream public 6 

3 Revenue Model 10 

4 Market 11 4.1 The Opportunity: Claiming the Latin American crypto market 11 4.2 The Vision: Becoming a top player in the global crypto market 11 

5 The BANX Token 12 5.1 Utility Token 12 5.2 Token Dynamics 13 5.3 Token Issuance 14 

6 Timeline and Milestones 17  7 Team and Collaborators 18 

8 Advisors 22 

9 The BANX Token Extended Utility: Creating Community 25 9.1 BANX Tokens as a Reward to the Ubanx Community 2 5 

9 .1.1 Ambassadors 26 9.1.2 Crypto School 27 9.1.3 Workgroups 2 7 

9.2 Ubanx Spaces Operated by Third Parties 2 6 9.3 BANX as a Support for Cash-in and withdrawal   28 

       

 

 

Abstract  While cryptocurrency and blockchain technologies continue to grow, there is still a                       lack of understanding from the general audience on how to acquire and use these                           tools in their everyday life.

 The token and cryptocurrency ecosystem present itself as an alternative channel of                       funding, payments and savings to the traditional options; but nevertheless, the gap                       between awareness and usage of tokens is large. For example, according to Henry et.                           al. (2017) 64% of Canadians have heard of Bitcoin, but only less than 3% own it.1

 Moreover, Schuh and Shy (2016) explains that according to the survey of Consumer                         2

Payment Choice, about half of U.S. consumers have heard of Bitcoin or any of the                             hundreds of other cryptocurrencies. But, only 1% of U.S. consumers have ever owned                         a virtual currency. The survey, ranks as the two top causes for not having                           cryptocurrencies onboarding, educational and community reasons: “I do not                 understand the technology” (17,8%) and “It is not easy to acquire or use” (18,7%).  Ubanx aims to become the user-friendly, real-world connection to the crypto                     economy by bridging the gap between mainstream retail finance and crypto assets                       and opportunities.  

1 Henry, C., Huynh, K., Nicholls, G., Bitcoin Awareness and Usage in Canada, 2017.                           https://www.ecb.europa.eu/pub/conferences/shared/pdf/20171130_ECB_BdI_conference/payments_confe rence_2017_academic_paper_henry_huynh_and_nicholls.pdf 2 Schuh, S., Shy, Oz, U.S. Consumers’ Adoption and Use of Bitcoin and Other Virtual                             Currencies, 2016.https://www.dnb.nl/en/binaries/Consumer%20VC%20paper_DNB_FINAL_corrected_tcm47-344530.pdf ?2016083013  

 

 1 Introduction   The access to crypto is still hard for the vast majority of people. New crypto                             and blockchain-based technologies emerge on a daily basis, however, the                   knowledge barriers to enter are too high. Industry best practices and                     knowledge are poorly disseminated, creating a lot of friction for mass                     adoption. The reason for this is that most of the efforts in the space are                             directed towards the technical developments and very little to none effort is                       paid on user experience, which ultimately facilitates and enables mass                   adoption.   While some technologies need more development, the ability of blockchain to                     democratize the access to financial services is real, tangible and most                     importantly, can be used today.  At Ubanx, we decided to embrace this mission. That is why we have created an                             easy-to-use mobile wallet that will allow the general public a seamless digital                       onboarding to the world of crypto, plus an exchange with secure trading                       features and retail spaces to educate and onboard the public into the world of                           crypto.   

  

Figure 1: Mass Adoption. 

Our value proposition summarized:  

▪ Ubanx Wallet app: user-friendly interface enabling mass adoption ▪ Ubanx Pro Exchange: cryptocurrency trading platform for traders and                 

more experienced users ▪ Ubanx Spaces: key player in enabling mass adoption and creating trust                     

with the general public   These three items make up the Ubanx Community. The Ubanx Community will                       be powered by the BANX Token that will enable token holders (“Community                       Members”) to obtain real-life benefits from Ubanx and its partners, and                     interact and exchange value with one another.    

 

Ubanx is a blockchain-agnostic platform, and its initial release will be using                       Ethereum ERC20 tokens known as BANX .   In some cases Community Members will need to spend their BANX Tokens;                       and in others, simply holding a certain quantity of BANX Tokens will entitle                         access to benefits. These include, for example, a Ubanx Wallet App to buy, sell                           and transfer cryptocurrency seamlessly, a Professional Crypto Exchange               where fees can be paid using the BANX Token, as well as access to our Ubanx                               Spaces (physical locations) to onboard, learn and connect.   Even though the cryptocurrency ecosystem is a global phenomenon, mass                   adoption is still a pending subject, especially in the conversion from awareness                       to usage. That is why, the need for a physical location is crucial to create the                               trust required for the general public to understand and adopt this new                       technology. This is the reason why Ubanx plans to open its Spaces in key                           locations , where local communities can learn about the latest developments in                     financial services and instruments from Ubanx blockchain specialists.  Ubanx mission is to be a bridge between the early and late majorities, allowing                           both to be part of it, through a strategy that includes both digital products                           and physical spaces operated either by Ubanx (Flagship) or by the community                       (Webanx).  

  

 

 

 

 

 

 

 

 

 

 

2 Value Proposition: The easiest way to buy, hold and trade crypto                       for the mainstream public 

Ubanx will deploy a retail blockchain platform based on the following three                       pillars: 

▪ Ubanx Wallet app: user-friendly interface enabling mass adoption ▪ Ubanx Pro Exchange: cryptocurrency trading platform for traders and                 

more experienced users ▪ Ubanx Spaces: key player in enabling mass adoption and creating trust                     

with the general public 

These include a wide range of products and services, all supported by a lean,                           compliant and seamless onboarding experience and ease of use: 

Ubanx Wallet app: The user account that will allow users to:  - Buy, sell and transfer digital currencies, including the BANX token.  - Transition from/to local and international FIAT currencies in the form of cash or                           electronically.   This Wallet App will be accessible in the form of a state-of-the-art mobile                         application providing a user-friendly and intuitive way to access digital finance and                       crypto-related products.  Gradually, in further versions of the product, users will be able to access other                           custom or curated third party financial products (like P2P lending, remittance                     services, amongst others) and purchase crypto-related products seamlessly,               reducing the complexities and learning curve of the crypto ecosystem.  Fees will be payable in BANX Tokens at a reduced rate via a fee-reduction incentive                             schedule.  

 

 

 Figure 2: Ubanx Wallet App aims to solve the frictions around buying and selling crypto for the mainstream 

public.   Ubanx Pro Exchange. The user friendly and professional Cryptocurrency Exchange Platform.  -Secure, scalable and fast -Customer service oriented -Liquid Market -Local-oriented  The Ubanx Pro Exchange will support digital currencies and assets such as BTC, ETH, BANX and other tokens.  Ubanx Pro Exchange will provide an advanced trading experience with the lowest fees.  

A competitive fee incentive schedule will be put in place in order to create markets                             and bring volumes 

 

 

A percentage of the trading fees will be payable in BANX Tokens at a reduced rate via                                 a fee-reduction incentive schedule. 

Figure 3: The Ubanx Exchange aims to be a trader-centric exchange, with low fees, the most                               convenient Fiat deposit management, and a professional and intuitive trading experience.  The Ubanx Pro Exchange also aims to be a network-oriented trading platform, with                         features to reward the most active traders that also contribute to the community in                           the form of knowledge and community engagement.  Being a user-centric platform, The Ubanx Pro Exchange will excel in customer                       support and assistance.  Features like AI powered portfolio optimization, one-click portfolio conversion to                   one asset, online tutorials and others will be rolled out and accessible, as premium                           features, to Token Holders that stake a certain amount of BANX Tokens.        

 

 

Ubanx Spaces. A network of brick-and-mortar locations that provide support for                     onboarding, learning, and networking.   One of the 2018 Fjord trends mentions the phrase “physical fights back” , where the                           3

future of service design is about blending physical and digital. And this is coded in                             the Ubanx purpose on deploying physical stores (Ubanx Spaces) to nurture the                       community around cryptocurrencies allowing the interaction among users and the                   onboarding them into the crypto world.  Ubanx Spaces intend to provide the physical footprint that non-technical users                     expect from financial institutions and the perks that are common to the millennial                         public such as a friendly space to connect, work, attend events and learn from                           fintech and blockchain experts.  Spaces will have different sizes and themes depending on the geography in which                         they are deployed. Some can be created as part of an existing coworking space or                             even inside a mall.  Access to the Spaces facilities and benefits will be by staking or spending BANX                           Tokens.  

Figure 4: Ubanx Spaces. Images of Ubanx Spaces are computer generated renders, provided for illustrative purposes and may look differently and/or have different services and facilities. 

3Please see: https://trends.fjordnet.com/physical-fights-back/  

  

   

 

3 Revenue Model The Ubanx platform will have three clear revenue streams (Wallet, Exchange                     and Spaces):   

Source  Description  Revenue 

Wallet  Buy / Sell spread + Trading fee  *7%  

Wallet  Cash in - Cash out  *3% 

Wallet  Remittance  *1.5% 

Exchange  Trading Fee  *0.25% 

Exchange  Withdrawal Fee  TBD 

Exchange  Listing Fee  *100K 

Exchange  Margin Fee  TBD 

Space  Right to operate Fee  *100~500K 

Space  Retail Products Sale Profit  *20% 

Space  ATM Fees  *5% 

Space  Courses, Events, Coffee, Cowork  To cover opex  *Values, Rates, estimated.            

 

 

 

4 Market  4.1 The Vision: Becoming a top player in the global crypto market  We are confident that the Ubanx model will be successful in growing globally                         as we will play a key role in bringing blockchain to mass adoption.   Blockchain adoption today is at a very early stage. Protocols and projects tend                         to focus on the underlying technology leaving user experience aside.   At Ubanx, we put the community at the center of our business. That is why we                               focus on providing a user-friendly interface that is easy and intuitive to use,                         and have created the Ubanx Spaces for the best community onboarding.  This is a key piece that will position Ubanx at a global scale.  The absence of user-driven solutions generates lack of brand loyalty, thus                     giving Ubanx the ideal space for growth. Our Webanx protocol promotes                     global expansion through the decentralization of ownership of the Ubanx                   Spaces.   In short, the combination of inclusiveness via: user-friendly products, the                   decentralization of ownership and physical retail locations to encourage the                   formation of a community, are all key ingredients that give us a competitive                         advantage in global scalability.  4.2 The Opportunity: Claiming the Latin American market  Latin America is a large, technologically-savvy, mobile-oriented, underserved               market with several characteristics of a profitable market for an exchange.  JP Morgan (2018) , establishes that estimating the geographical dispersion of                   4

where cryptocurrencies are used and where usage is highest is challenging.                     Data compiled by CoinATMRadar on the location of cryptocurrency ATMs                   machines that three-quarters of ATMs are located in North America, followed                     by 20% in Europe and just over 2% in Asia.   According to Hilemann and Rauchs (2017) , the cryptocurrency user share by                     5

region (based on combined wallet and payment provider data) is Asia-Pacific                     38%, Europe 27%, Latin America 14%, North America 17%, Africa and Middle                       East 4%.  Ubanx sees this as a growth opportunity in other markets like Latin America.   Top-volume crypto exchange platforms fail to capture the Latin American                   

4 J.P. Morgan Perspectives Decrypting Cryptocurrencies: Technology, Applications and                 Challenge. Global Research. 9 February 2018. 5 Hilemann, Garrick and Rauchs Michel. Global Cryptocurrency Benchmarking Study.                   Cambridge Centre for Alternative Finance. 2017.  

 

market due to several factors: a lack of LatAm strategic focus, a lack of local                             footprint in LatAm, lack of agreements with banking institutions to manage                     exchange and Fiat accounts in an scalable way, absence of experience in the                         local regulatory issues, lack of support and understanding of local markets and                       culture.  The Ubanx team has the experience and connections to deploy this in the best                           way. Connections including being part of one of the first digital banks in                         LatAm, and having the best legal, technology and compliance infrastructure to                     operate crypto and fiat exchange in a scalable, secure way.  Ubanx will bring digital finance and crypto exchange to the general public                       through its already existing relations and networks for operations and                   customer acquisition strategy.    5 The BANX Token  5.1 Utility  Ubanx will issue a utility token called “BANX” . This token will have 3 main uses                             6

throughout the platform:  

1) As a spendable token: users will be able to pay reduced fees on the                           Ubanx Wallet App, Ubanx Pro Exchange or on the Ubanx Spaces services                       and facilities, using the BANX Token.  

2) As a staking token: users will have benefits for holding different                     amounts of BANX Tokens in their accounts, such as (but not limited to)                         access to free Priority Pass memberships, discounts on retail products                   and services and participation in Community Discussion Workgroups.  

3) As a bidding token: the company will offer rights to operate a Ubanx                         Spaces in different geographic zones by an auctioning mechanism, run                   through a smart contract, that can only be won by offering the highest                         bid in BANX. 

 Please refer to The BANX Token Extended Utility chapter at the end of this                           document, for further detail on the many uses planned for the BANX Token.         

6 BANX token symbol, is not planned, but it could eventually, be changes, swapped, exchange,                             for another token symbol, with same or better capabilities. At the ERC-20 Blockchain or other.  

 

5.2 Token Dynamics  The BANX Token dynamics will be framed into a supply and demand model                         that will depend, on one side, on the growing use of the token inside the                             ecosystem and, on the other, on a token burning mechanism.  Using BANX Tokens to pay for fees (such as trading, withdrawal, listing,                       remittance or wallet cash-in/out) on the Ubanx platform will give users access                       to the following discounts:  

Year  2019  2020  2021  2022  2023 

Fee Discount  50%  33%  20%  10%  no discount   Using a percentage of not more than 20% of the company’s net profits, Ubanx                           will buy back to either burn or stake BANX Tokens until the circulating supply                           reaches a 50% of the initial circulating quantity.  As users lock their tokens to stake for benefits the available supply of BANX                             7 8

Tokens will decrease.  As an illustrative example, this would be a potential use case scenario:  Level 1: 10,000 - 49,999.99 BANX average account balance Level 2: 50,000 - 99,999.99 BANX average account balance Level 3: 100,000 - 499,999.99 BANX average account balance Level 4: 500,000 or more BANX average account balance  

  Level 1  Level 2  Level 3  Level 4 

Priority Pass  Free annual membership 

+ 2 visits 

Free annual membership 

+ 5 visits 

Free annual membership + 

10 visits 

Free annual membership + unlimited visits 

Retail Products  5% discount  10% discount  15% discount  20% discount 

Community Workgroups 

-  -  Access  Access 

 This scenario would translate into that every new 100 users willing to stake                         BANX Tokens for benefits, between 1,000,000 and 50,000,000 tokens will be                     removed from the circulating supply. 

7 The levels of staking and benefits may change due to limitations or changes in                             commercial/consumer policies from partners or third parties, public regulations or due to                       Ubanx’ sole discretion. 8 Benefits and discounts may not be available in all geographic areas and might be restricted to                                 local regulations.  

 

5.3 Token Issuance 

5.3.1 Definition

Ubanx will distribute 1 billion tokens in total. The Initial Token Sale will have a                             Pre-Sale to distribute 35% of the token supply (the “Pre-Sale Tokens”), with a                         Public Sale distributing an additional 25% (the “Public Sale Tokens”). The                     remaining will be allocated according to the following table:  

 Figure 5: Tokens Distribution. 

 

Only participants that register themselves will be able to buy BANX Tokens. On April                           23, 2018 the Pre-Sale will go live, where the Price per Token will be 0.12 EUR for all                                   Pre-Sale Tokens. 

Purchasers in the Pre-Sale will receive additional Tokens (“Bonus Tokens” ) as                     follows: 

Any purchaser in the Pre-Sale will receive Bonus Tokens, based on their aggregate purchases in one or more transactions, as follows:    (1) Every purchase will receive a number of Bonus Tokens equal to 20% of the purchased quantity.  (2) Buying more than EUR 100,000 worth of Tokens and who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will receive an additional 20% of Bonus Tokens.  (3) The Company in its sole and absolute discretion for a special promotion, will grant an additional of up to 20% of Bonus Tokens.  (4) Buying more than EUR 500,000 worth of Tokens and who is determined by Company in its sole and absolute discretion to be a strategic purchaser, will  

 

receive an additional of up to 30% of Bonus Tokens.  (5) Buying more than EUR 1,000,000 worth of Tokens and who is determined by Company in its sole and absolute discretion to be a strategic purchaser, may receive an additional percentage of Bonus Tokens to be determined by Company on a case by case basis in its sole and absolute discretion.  

The Pre-Sale will end on June 30 2018 or when the Pre-sale Tokens have all been                               sold, taking into account the Bonus Tokens.  The Public Sale will commence one week after the conclusion of the Pre-Sale with                           the allocation of 25% of the tokens (the "Public Sale"). And it will end on the first to                                   occur of: (i) When the Public Sale Tokens have all been sold (taking account of the                               Bonus Tokens), (ii) by August 24th 2018 00:00 Singapore Time (GMT+8) or when the                           company considers that a strategic amount of BANX Tokens have been sold.  This allocation will be done in tranches of 50M tokens and as the process moves to                               the subsequent tranches the token price changes. 

 Figure 6: Token Issuance 

Purchasers in the Public Sale will receive additional Tokens (“Bonus Tokens” ) as                       follows:  

1. Any purchaser buying between 1 and 2.99 ETH worth of Tokens in a single purchase will receive a number of Bonus Tokens equal to 10% of the purchased quantity.  

2. Any purchaser buying between 3 and 10 ETH worth of Tokens in a single purchase will receive a number of Bonus Tokens equal to 20% of the purchased 

 

 

quantity.  

3. Any purchaser buying more than € 100,000 worth of Tokens in a single purchase and who is determined by Company in its sole and absolute discretion to be a strategic purchaser , will receive an additional 5% of Bonus Tokens.  

4. Any purchaser buying more than € 500,000 worth of Tokens in a single purchase and who is determined by Company in its sole and absolute discretion to be a strategic purchaser , will receive an additional 10% of Bonus Tokens.  

5. Any purchaser buying more than € 1,000,000 worth of Tokens in a single purchase and who is determined by Company in its sole and absolute discretion to be a strategic purchaser , will receive an additional 20% of Bonus Tokens.  

In Ubanx’s Initial Token Sale only ETH will be accepted as purchase currency. And                           the exchange rate used to determine the EUR value of ETH used to purchase tokens                             will be set as follows:  

1. The rate will be based on the daily rate from the site CryptoCompare.com. 2. The Token Sale Contract will be updated only if the percentage difference between the 

present day and the day before at 0.00 Singapore Time (GMT+8) is larger than 5%. 3. Once the rate is changed, the new rate will apply to all purchases until the next 

change. 4. The then-applicable rate will be displayed to purchasers at the time of purchase on the 

Ubanx User Panel.  As part of a bounty program, Ubanx will provide referral incentives (“Bounty and                         Incentivization Supply ”) to grow its community, creating the base for the upcoming                       positive network effects regarding the use of the Ubanx platform.  As seen in the Token Distribution table, the team and the advisor’s holdings are                           under a vesting procedure to avoid moral hazard behavior. The vesting follows the                         following schedule, where the Vesting Start Date will be the day after the Pre-Sale                           ends:  For so long as a team member or advisor continuously provides services to the                           Company (or any Subsidiary or Parent of the Company) as an employee, officer,                         director, contractor, consultant or advisor, these tokens will vest (that is, become                       exercisable) with respect to the tokens as follows: (a) prior to the first one (1) month                               anniversary of the Vesting Start Date this Option will not be vested or exercisable as                             to any of the Tokens; (b) these tokens will become vested and exercisable with                           respect to 1/12 th of the tokens on the one (1) month anniversary of the Vesting                               Start Date; and (c) thereafter, this Option will become vested and exercisable with                         respect to an additional 1/12 th of the tokens when Team Member or Advisor                           completes each month of continuous service following the first one month                     anniversary of the Vesting Start Date.  Finally, the Ecosystem Support Supply (10% of the total token supply) will be used                           to grow the Ubanx ecosystem via partnerships with other companies,                   accelerators or as a protection program for users that suffer unforeseeable risks                       in their accounts. 

 

 

6 Timeline and Milestones  The following table shows Ubanx and its core team history and next steps (these                           dates are estimates and can suffer delivery delays given unforeseeable                   circumstances). 

                   7 Team and Collaborators 

 The Ubanx team brings together acquaintance with finance, technology,                 design, engineering and entrepreneurship. With members boasting accolades                

 

in disruptive projects such as the first Neo Bank of Argentina or multi-praised                         app Productgram, our mission is to reduce the knowledge gap between                     everyday consumers and sophisticated investors, opening the cryptocurrency               world to everyone.  

 

 Pablo Orlando Trackzuk President / Chairman  MIT TR35 Innovator and “The Outstanding Young             Person of The World” award recipient. Holds an               impressive track record founding and growing           companies. MBA and Bachelor in Economics.  

 

 Janes Cochesa Chief Executive Officer  Extensive experience managing and growing         investment operations globally, with focus in the             financial sector. Senior Partner at Cochesa           Investment, a Private Equity and Venture firm.  

 

Mary Saracco Chief Investment Officer  A former Investment Professional at the World             Bank Group serves as Co-founder and Chief             Investment Officer at Ubanx. Her experience as an               Investment Banker at UBS gives her a prominent               background in traditional banking, emerging         markets and economics. Mary was the Chief             Financial Officer at Zeppelin Solutions, a           blockchain security infrastructure company that         has supported prominent projects such as           ShapeShift, Augur, Storj, Brave, BitGo, Golem,           Omise and Kik. Mary directed the first blockchain               efforts at the International Finance Corporation           via the Blockchain Lab and continues to provide               consulting services for organizations. 

 

 

 

Ezequiel Calvo Chief Technology Officer  Extensive experience in technological       architecture and full stack development.         Former Tech leader and Senior Architect at             Globant, GlobalLogic  

 

 Maximiliano Cañellas Head of Blockchain  Seasoned blockchain developer with more than 10             successful projects executed, including Bitsign,         Cryptologic, Bitcharts, and more. 15 years in             security and encryption applications Cryptologic         CTO. 

 

 Nick Bayerque Chief Business Development Officer 

Named “Global Mobile innovator” by Worldwide           Investor Networks. His previous companies         received investment from Silicon Valley Bank,           Draper Cygnus, Mastercard, among others. CEO           of Apibank.io. 

 

 Gaston Cartier Chief Operations Officer  

10 years developing software and managing large             software development teams for MCDG. Executed           software projects for global companies in the             Retail, Real Estate and Financial sector.           Co-founder at MCDG Design Thinking Tank. 

 

 

 

 Máximo Cartier Chief Product Officer 

User Interface design and User Experience           mastermind for digital banking. Lead digital           products for more than 20 corporations, including             Coca Cola Company and Falabella. Co-founder at             MCDG Design Thinking Tank. 

 

 Bernardo Corti Chief Legal Officer   Experienced legal counsel in the intersection of             areas like finance, law and blockchain. Industrial             expertise in finance, technology and digital           currencies. 

 

 Pablo Yabo Smart Contract Developer   Responsible for designing a variety of           security related products and leading         product development teams. Led software         development in Jaxx Extensive experience         in blockchain developments, like JAXX and           Rootstock. 

 

 Sebastian Wain Smart Contract Developer   White hat hacker. Lead developer at RSK             and JAXX. Co-founder Nektra Advance         Computing. 

 

 

 

 Matias Calvo Back End Developer  Extensive experience in web development         and architecture. 

 

 Maiki Nahara   Front End Developer  Developer Extensive experience in       software development with a focus on user             experience, including the development of         several web and mobile projects.         Co-founder at SBPlab.  

 

Joaquin Casano Head of Architecture   Architect with focus on contemporary         architecture. Founder of Estudio 44. 

 

Nicole Bett Head of Communications   Seasoned screenwriter with large       experience as writer for international         companies (Disney Channel, Discovery       Kids, Google). Co-founder and CEO at           shoeroom.com.ar 

 

 

 

Dominique Bett  UI/UX Designer  She is a creative designer and excellent             photographer and illustrator. 

 

8 Ubanx Advisors  As pioneers in their fields of action, our advisors have first-class experience,                       participating in major projects as legal architect of Ethereum's token sale and founder                         of the largest coworking space in Latin America. Today, they join Ubanx providing                         their expertise to expand our potential in benefit of the blockchain ecosystem. 

 

Steven Nerayoff Advisor  Co-creator of Ethereum, investor, founder,         venture capitalist and a prolific         entrepreneur. Chief Token Sale Strategist         for StormX, tZERO, Lisk & Bancor. 

 

Jeff Pulver Advisor  An Internet entrepreneur. Father of Voice           over IP (VOIP). and Founder of Vonage,             MoNage and Zula. 

 

 

 

Ami Ben David Advisor  Ami is the co-founder and managing           partner of SPiCE VC, a fund specializing in               the tokenization of assets on the           blockchain, a fast growing market SPiCE           helped pioneer when it tokenized its own             equity (Symbol:SPICE). At SPiCE, Ami         focuses on both tokenization       infrastructure projects supporting the       market’s growth, as well as tokenized           startup companies and projects. Ami is a             serial entrepreneur and inventor. He was           co-founder of Securitize, EverythingMe,       Ki-Bi Mobile, AladdinSoft, WorkGroup,       and led EU/Asia for Oberon Media. 

 

Jacob Farber Advisor  One of the first attorneys to work with               blockchain and cryptocurrency innovators.       General Counsel and Managing Partner for           Ouroboros LLP. 

 

Martin Orlando Advisor  Experienced Entrepreneur in the       coworking industry. Founder of La         Maquinita, the largest coworking space in           Latin America. 

 

 

 

Michael Sutherland Advisor  An expert in 3D technologies, Sensors and             commercialization of high tech hardware         products. He is a Cryptocurrency specialist           and angel investor.  

 

Gaston Besanson Advisor  Data Scientist. Finance and blockchain         Specialist. Internet of Things Analytics         Professor. Former anchorman at Fun &           Finance educational podcasts.  

 

Stefano Angeli Advisor  CEO of TSA Bank, first fully Digital Bank with                 Banking License in Argentina. He has been             involved in banking trading and finance for the               last 15 years.  

 

Pablo Larguia Advisor  Blockchain Accelerator Argentina CEO. 20         years of experience in technology. Founder           of Enjoy Entertainment, Bumeran and Red           Innova. Collaborates with the World         Economic Forum, the Interamerican       Development Bank. 

 

 

 

9 The BANX Token Extended Utility: Creating Community 

As the soul of the whole Ubanx ecosystem, the BANX Token, will power the                           community in more ways than the ones described on section 5.1 of this                         document.  The following uses of the BANX Token are expected to emerge as the Community                           grows, but are subject to the evolution of the whole ecosystem. This means that                           the uses described below for the token may be different or may not occur in                             some or all cases. 

9.1 BANX Tokens as a Reward to the Ubanx Community  9.1.1 Ambassadors  Every Community Member will have the chance to contribute and participate                     in the growth of the ecosystem and become an Ambassador that will catalyze                         the development of the Ubanx Community.   BANX Tokens will also be given to Community Ambassadors in recognition of                       their efforts in growing and adding value to the Community.   These efforts may be helping onboarding new users, organizing events and                     meetups, writing blogs, referring to friends or colleagues, conducting other                   outreach and education efforts or being the local connection in a new market.  

  

Figure 7: Ubanx Space. Renders of the spaces are provided for illustrative purposes and may look differently and/or have different services and facilities. 

  

 

 

 

9.1.2 Crypto School The Ubanx Crypto School is a catalogue of training and courses on topics related                           to the crypto and digital finance ecosystem, like trading and mining. Classes and                         workshops will be offered both in Ubanx Spaces and through an online platform.  A Community Member can become an instructor in the Ubanx Crypto School.  Ubanx has ongoing discussions with a prestigious online learning platform to                     stream Ubanx Crypto School trainings.  The Ubanx Crypto School together with Ubanx blockchain ecosystem will try                     to carry out the Meta-University vision provided by Charles Vest, MIT’s                     President Emeritus : 9

“a transcendent, accessible, empowering, dynamic, communally constructed framework of open materials and platforms on which much 

of higher education worldwide can be constructed or enhanced” 

Ubanx will first focus on blockchain, finance, economics, trading and                   cyber-security contents. Students and instructors will benefit from Ubanx's                 payment system to pay, collect, exchange and track educational services that                     can be used regardless of whether they are online or offline. These could                         include, for example, an incentive scheme to motivate working professionals to                     finish courses that are usually paid for by their employers. To reduce attrition                         rates on professional education, employers can offer BANX Tokens as an                     incentive. As students reach different milestones (e.g. finish a weekly                   assignment, take an exam or finishing the course), BANX Tokens are sent to                         their Ubanx Accounts.  

 Figure 8: Example of student flow through a course. 

9 See: https://er.educause.edu/articles/2017/3/the-blockchain-revolution-and-higher-education.

 

 

Community Members will be able to access for free or obtain priority treatment to Ubanx Crypto School educational catalogue, either on premises or online.  

Figure 9: Ubanx Space. Renders of the spaces are provided for illustrative purposes and may look differently and/or have different services and facilities.  9.1.3 Participation in Workgroups

 BANX Tokens may also be used to incentivize contributions to Workgroups. As stated                         before, Community Members that wish to get involved in participating in Ubanx’s                       Workgroups, may stake BANX Tokens to do so.  Different Workgroups will be formed to treat matters such as UI/UX enhancements                       to the mobile app and to the exchange, locations that should be prioritized in the                             auctions, potential partnerships, curricula for Crypto School among others.  9.2 Ubanx Spaces Operated by Third Parties Ubanx Community Members will be able to participate in auctions for the right to                           operate a Ubanx Space in a particular geographic area, subject to meeting eligibility                         requirements, successfully completing the approval process and the acceptance of all                     applicable terms and conditions.  

Locations operated by third parties are expected to have the same core set of services                             as the Flagship Ubanx Spaces operated by Ubanx, but services in certain occasions                         may differ.  Each Space will have a ZONE Token associated. The geographic area covered by each                           ZONE will be defined by Ubanx with feedback and input from the general community.                           A ZONE may encompass an entire city, one block of a very popular street, or an entire                                 country.  

 

 

For example, Ubanx may announce that the ZONE-1 contains the entire borough of                         Manhattan or that ZONE-2 includes only the Friedrichstraße in Berlin.  

 

 

Figure 10: Ubanx Space ATM, trading terminals, crypto mining equipment and coworking are. Renders of the spaces are provided for illustrative purposes and may look differently and/or have different services and 

facilities.  

  

  

Figure 11: Ubanx Space. Renders of the spaces are provided for illustrative purposes and may look differently and/or have different services and facilities. 

   

 

 

 Each ZONE Token will be auctioned for and paid in BANX Tokens and run                           through the ZONE Smart Contract.  This Smart Contract will burn/retain the BANX Tokens from the winning                     bidder and award him/her the ZONE-X Token.  The ZONE Token can be traded on a secondary market (payable only in BANX),                           the ZONE marketplace.  

  

Figure 11: Workflow: ZONE Token  The ZONE-X Token owner will be able to fund the costs of opening the Ubanx                             Space privately or, by using the Webanx Smart Contract, crowdfund the necessary                       funds to open the Space.  The Webanx Smart Contract will be an instrument used for crowdfunding and to                         give transparency to the use of the funds.  

 

 

  

Figure 12: Workflow: Webanx and Ubanx Space  There may be other requisites, such as the obligation from the prospective                       Space operator to build the Ubanx Space within a timeframe. Those additional                       requirements for the prospective operator will be disclosed prior to each                     ZONE auction.  The BANX Token will also serve as a means for rewarding operators. Those                         entities or individuals operating Ubanx Spaces may receive BANX Tokens as a                       bonus, based on community feedback. The quality control mechanics will                   depend on each agreement with operators.  9.3 BANX as a Support for Cash-in and withdrawal 

In some regions of the world, cash is still very prevalent. Ubanx will secure the                             local partnerships allowing users to top off their Ubanx accounts with cash, to                         allow for fiat to crypto conversion, and vice versa. The BANX Cash Protocol will                           be at the center of every cash-in and withdrawal in the network, and will allow                             the BANX to be used as a currency for settlement with third party providers and                             partners for cash services. To enforce compliance with local regulations, the                     BANX Cash Protocol will require that every cash transaction is signed by the                         provider with tokenized KYC/AML data on the transaction.