1) What is UBU?
UBU is a utility digital asset (usage units) earned through measured physical activity (e.g., steps). UBU is not money, legal tender, a bank deposit, electronic money, a security, investment token, or financial instrument. Your UBU balance represents utility points within the UBU ecosystem.
- 1,000 steps = 1 UBU (an operational parameter subject to change without prior notice).
- No guarantees of price, convertibility, or liquidity.
2) Key risks for users
- Price and liquidity risk: UBU’s market value may be null or volatile.
- Counterparty risk: operations with third parties are subject to their own terms.
- Technology risk: technical failures may prevent UBU crediting or usage.
- Account/security risk: unauthorized access may lead to loss of UBU or data.
- Regulatory risk: legal changes may limit or suspend functionalities.
- Measurement accuracy risk: step counting is an estimate; errors may cause adjustments.
- Tax risk: users are responsible for complying with tax obligations.
- Carbon credit risk: environmental impact depends on third-party standards.
3) Mitigation measures implemented by UBU
- Anti-fraud policy: validation systems and suspension of manipulated accounts.
- Privacy by design: we process the minimum necessary data per our Privacy Notice.
- Clear permissions: users can enable or disable data sources.
- Security: encryption in transit and at rest, periodic testing, and access controls.
- Third-party transparency: clear indication when actions involve third parties.
- Warning messages: visible notices for actions with financial/regulatory implications.
4) Eligibility and usage restrictions
- Age: UBU is intended for adults (typically 18+).
- Restricted users: individuals under sanctions or in restricted jurisdictions may not use UBU.
- Illegal purposes: UBU must not be used for illegal or fraudulent activities.
- Software/devices: emulators, fake movement, or tampering tools are prohibited.
5) Restricted jurisdictions
UBU is not available to residents or persons located in Cuba, Iran, North Korea, Syria, the regions of Crimea, Donetsk, and Luhansk (Ukraine), or any other jurisdiction under comprehensive sanctions by the UN, EU, UK, or US (OFAC).
Availability may also be limited in China (Mainland) and the United States due to local regulations.
6) Disclaimers
- No financial or investment advice: all content is educational or operational only.
- No issuance of securities: UBU does not grant participation, dividends, or profit rights.
- No payment or custody services: unless explicitly licensed in a given jurisdiction.
- Third-party dependencies: integrations may fail or vary without UBU’s responsibility.
- Data accuracy: step metrics are approximate and may be adjusted for errors or fraud.
- Limits and changes: UBU may modify parameters or suspend features when necessary.
- Taxes: users are responsible for declaring and paying applicable taxes.
- Limited liability: UBU shall not be liable for indirect or consequential damages.
7) KYC/AML compliance and sanctions
UBU or external providers may require identity verification (KYC), proof of residence, or risk assessments before enabling certain operations. Transactions may be withheld or reported for compliance reasons.
8) Personal data and permissions
See our Privacy Notice. We process account identifiers, email, country, language, activity metrics, and low-granularity health data under consent and service execution bases.
9) CO₂ offsetting (carbon credits)
CO₂ compensation is made through certified carbon credits (e.g., Gold Standard, Verra) via independent providers. UBU does not guarantee price, availability, or fiscal eligibility.
10) Intellectual property and trademarks
Third-party logos and trademarks belong to their respective owners; their display does not imply sponsorship or endorsement.
11) Contact
For inquiries or data protection requests, please contact us at [email protected].
12) Governing law and jurisdiction
The applicable law and jurisdiction shall depend on the local contracting entity. Entity: UBU.
13) Updates to this document
UBU may update this document and will post the update date. Material changes will be announced through the app.