The UBD Network offers a comprehensive platform for transparent asset management and decentralized Trusts, providing a range of use cases for users. From the storage, multiplication, and inheritance of digital assets to the creation of trust contracts and staking processes, the UBD Network aims to revolutionize the way individuals manage and transfer funds.This article will delve into the various use cases of the UBD Network, exploring its role as a decentralized network reliant on participant resources and the UBD Network token as a medium of exchange.

What are the Trusts?

Before we dive into the usecases of the crypto trusts management let’s figure out what are the trusts in classic world.Trusts are legal agreements that allow a person, known as the trustor or settlor, to transfer assets to another person or organization, known as the trustee. The trustee then holds and manages these assets for the benefit of a third party, known as the beneficiary.Trusts can serve various purposes, including estate planning, tax planning, asset protection, and more. They can be set up to function while the settlor is alive (living trusts) or to take effect after their death (testamentary trusts). They can also be revocable (meaning the settlor can make changes or even dissolve the trust during their lifetime) or irrevocable (meaning the trust, once established, generally cannot be altered).In the context of digital assets, a trust can also be set up to manage and protect these assets, often using smart contracts on a blockchain to automate and enforce the terms of the trust.

Trusts on UBD Network

The UBD Network Trust System allows users to create digital Trusts for managing funds with different scenarios, providing security and transparency without the need for intermediaries.Additionally, the UBDN token is designed to be a transferable representation of attributed functions specified in the UBD Network Platform’s protocol, playing a major role in the ecosystem and serving as the primary utility token on the platform.Within the ecosystem UBDN is a fundamental element of the system that allows its owners to support the ecosystem and guarantees monthly income in UBD stablecoins, otherwise UBD is an algorithmic stablecoin that is pegged to the US Dollar and is also backed by BTC, ETH, and other stablecoins such as USDT and DAI, which are stored in the UBD Network Attractor.

So why do we need Trusts on UBD Network?

• To ensure monthly profitability. To ensure consistent monthly profits, assets in the established trusts can be assigned to intra-trust staking. This approach yields monthly returns, hence ensuring that trust creators do not miss out on time and rewards.To protect ourselves from losing access to own funds! In order to safeguard against the loss of access to personal funds, users can create a Trust with specific conditions. This setup will prevent any distress about potential loss or misplacement of keys required to access one’s own funds.To protect our heirs from irresponsible spending! To prevent irresponsible spending by beneficiaries, you can set up conditions within your trust. These conditions will restrict direct access to your assets by your heirs, allowing them to only receive payouts based on your specified terms.To anticipate family conflict between heirs! If you are concerned about family infighting over the distribution of assets, you can make provisions in your Trust contract to avoid such conflicts.To have no worries that you can’t bring changes to your Trust conditions! With the flexibility offered by our system, users can modify the conditions of their existing Trust as often as they wish or establish a new Trust contract. This ensures that your Trust conditions can adapt to your changing needs.To have no worries about deprivation or political, and judicial risks! UBD Network is a smart contract that has no jurisdiction. Regarding concerns about deprivation or political and judicial risks, the UBD Network operates as a jurisdiction-free smart contract. Users are not exposed to threats such as information disclosure, denial of inheritance, or other human and political factors. However, as a user, you are expected to comply with any laws and regulations applicable in your place of residence or citizenship. This includes all local, provincial, state, federal, national, or international laws that may apply when using the UBD Network.

Overall, the UBD Network’s use cases encompass transparent asset management, decentralized Trust creation, staking, network maintenance, and security, all facilitated through the UBDN token and the Trust System.