![img 5b4dc7caaa22d - UBEX ICO: review, audit, security [rate: very bad]](https://cryptob2b.io/wp-content/uploads/2018/07/img_5b4dc7caaa22d.png "UBEX ICO: review, audit, security [rate: very bad]")
Despite the good business rating and rave reviews, from the technical point of view the project UBEX looks like a technical scam: the development plan is not disclosed, instead of the plan – water, release of tokens on the verge of foul, softcap – deception, technical level of the first product (smart contract) – extremely bad, fees of $7 million can not be checked.
UBEX is perhaps the most popular ICO in July 2018. It has collected a very large number of interested people, many revived reviews, videos, laudatory speeches, and positive forecasts have been ordered on the Internet. But…
The article considers a audit of the following objects of the ICO campaign at www.ubex.com, conducted by CryptoB2B on Jule 12, 2018, commissioned by a private investor:
- methods of functioning of the Personal Cabinet about the sale of tokens
- audit of a smart contract
- technical component of the idea of the project (on the basis of reading White Paper).
Preliminary conclusion:
- critically erroneous approach in the understanding of the blockchain authors
- serious problems with smart contract
- a complete lack of explanation in the WP, how and what the authors of the project are going to do
- despite the steep business rating, our technical rating of the project UBEX: 0/10.
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