Https://Docs.Provide.Services/Framework/Ubt-Token So according to this doc I understood the following.

Question

Https://Docs.Provide.Services/Framework/Ubt-Token So according to this doc I understood the following.

1. Customer pays in fiat using provide(I understand this might have changed due to recent issues with provide)
2. Provide buys UBT on open market.
3. UBT is deposited in smart contract taking it out out of circulation.
4. Price of UBT on open market goes up due to less UBT being available.

A) Is the above correct?
B) Hypothetically speaking if a client decided they no longer needed the service, after 30days the UBT will no longer be locked on the platform, that being the case, unibright will use those coins for non-profit projects? Is that right?

#cryptocurrency #english #unibright

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15.01.2022