Ubuntu EcoCoin (UBEC) tokens are based on the Stellar blockchain technology. They are issued and sold on the Stellar decentralized distributed exchange network. In the form of our own “crypto-voucher” Ubuntu EcoCoin tokens can be redeemed for organically produced potatoes, carrots, vegetable boxes, pumpkins etc. and other products or services provided by Ubuntu EcoCenter GmbH. As a form of crowdfunding the surplus generated from the sale of UBECs will be used to fund the much needed infrastructure of our farm. Any further surplus will be dedicated to fund similar projects committed to human-scaled sustainable food systems and food sovereignty.
We have created 7,141,900 Ubuntu EcoCoin tokens. This quantity of issued UBEC tokens equals the amount of land we care for (1 UBEC per 1 Square Decimeter [dm^2] of land).
The Ubuntu EcoCoin tokens wich have been issued by our UBEC Crypto-Voucher account – GA5UXNCUQUQRDYFVSRUXRQTXNIUNMRWKXXWEU4OBGR46ANBTVZK2UBEC – will always be equal to the amount in EURs which has been paid in EURs by the customer (ex. 1 UBEC = 1 EUR). All other Ubuntu Coin tokens can be redeemed for organically produced potatoes, carrots, vegetable boxes, pumpkins etc. and other products or services provided by Ubuntu EcoCenter GmbH according to their EURT exchange value (EURT Issuer address: GAP5LETOV6YIE62YAM56STDANPRDO7ZFDBGSNHJQIYGGKSMOZAHOOS2) on the Stellar Network Exchange. UBEC crypto-vouchers and tokens can be redeemed as soon as we have harvested the season’s first batches of organically grown vegetables and fruits or held for some time and redeemed for later harvests. UBEC crypto-vouchers issued by our UBEC Crypto-Voucher account – GA5UXNCUQUQRDYFVSRUXRQTXNIUNMRWKXXWEU4OBGR46ANBTVZK2UBEC expire at the end of 3 years after the date of purchase.