What is UBIT Coin?

What Is UBIT (UBIT)?

UBIT is a cryptocurrency token issued and managed via smart contracts, launched on October 9, 2021. The total supply is capped at 990,000,000 tokens, meaning it is not inflationary. A token is a digital asset deployed on a blockchain, governed by contract rules for issuance, transfers, and balance records—distinct from native coins with their own independent blockchains.

The specific positioning and utility of UBIT should be referenced from official materials; foundational details are available at the official site uBitcoin.in. As public sources indicate an undisclosed or near-zero circulating supply, ongoing tracking of market pricing and liquidity is recommended.

Current Price, Market Cap, and Circulation of UBIT (UBIT)

As of January 16, 2026, the latest price for UBIT is approximately $0.000300, with a 24-hour change of +49.9844%, a 7-day change of +50.1246%, and a 30-day change of -25.0212%. The 24-hour trading volume is about $33,141.04, with 4 active trading pairs. The project status is listed as active. Data source: Input data (last updated: 2026-01-16T05:48:00Z).

Regarding supply, both the total and maximum supply are set at 990,000,000 tokens. The circulating supply is not disclosed or reported as zero in public sources, making it impossible to accurately calculate the circulating market cap. The fully diluted valuation (FDV) is approximately $296,872.73. Market cap is calculated as “price × circulating supply”, while FDV refers to “price × total supply”; the difference lies in whether actual circulating numbers are used.

Who Created UBIT (UBIT) and When?

UBIT was launched as a token on October 9, 2021. The transparency of the team, whitepaper, and roadmap directly impacts credibility and future development. A whitepaper is a technical and business documentation outlining the project’s vision, tokenomics, and execution plans. For verification of contract address, token allocation, and unlocking schedules, always refer to the official site uBitcoin.in and official announcements.

How Does UBIT (UBIT) Work?

UBIT records balances and transactions on the blockchain through smart contracts. Smart contracts are code deployed on-chain that executes automatically based on predefined rules—such as transfers, approvals (allowing other addresses to manage tokens), minting (increasing supply), and burning (reducing supply).

As a token, UBIT relies on its underlying blockchain for security and settlement, including payment of transaction fees (commonly known as gas fees). The specific network and contract address should be verified from official sources. The contract address serves as the unique identifier for the token on-chain; it must match precisely when depositing or withdrawing to avoid asset loss.

What Can UBIT (UBIT) Be Used For?

Pending further official details, potential use cases for UBIT typically include:

• Payments & Settlement: Serves as an on-chain value transfer medium for micro-payments or cross-platform transfers.
• Community Incentives: Rewards users for promotion, content contribution, or development participation.
• Governance Participation: If voting mechanisms are implemented in the future, it may be used for proposal voting.
• Ecosystem Utility: Functions as a utility token within specific applications—such as access control or fee discounts.

Actual deployment depends on the project’s roadmap and launched applications.

Wallets and Extension Solutions in the UBIT (UBIT) Ecosystem

Wallets enable asset management and transaction signing. If UBIT is issued on an Ethereum-compatible network (EVM), commonly used wallets include browser extension wallets and mobile wallets; hardware wallets provide offline private key storage for increased security. A private key is a secret string controlling assets, while a mnemonic phrase is a backup for the private key; both must be securely stored offline—never photographed or uploaded to cloud services.

Blockchain explorers allow users to verify contract addresses, holder addresses, and transaction records, supporting authenticity checks and transparency. Before deposits or withdrawals, confirm the token contract address, network type, and deposit tag (if applicable) to prevent cross-chain or contract errors resulting in loss. Supported wallets and tools should match UBIT’s network compatibility.

Key Risks and Regulatory Considerations for UBIT (UBIT)

• Price Volatility: As a non-stablecoin token, UBIT can experience significant price swings; short-term movements do not guarantee long-term trends.
• Liquidity Risk: Limited trading pairs and depth can result in substantial slippage for large trades.
• Contract & Technical Risk: Vulnerabilities in smart contracts may jeopardize asset security; always verify the official contract address.
• Transparency Issues: Inadequate disclosure regarding team background, allocation/unlocking schedules, or fund usage increases uncertainty.
• Regulatory Compliance: Token issuance and trading are subject to varying regulations depending on jurisdiction; follow local laws and compliance requirements.
• Operational Risk: Using incorrect networks or addresses for deposits/withdrawals or exposing private keys/mnemonic phrases can result in irreversible asset loss.

What Determines the Long-Term Value of UBIT (UBIT)?

Long-term value hinges on real-world application adoption, community and developer engagement, token allocation/unlocking policies, compliance and governance frameworks, as well as sustained liquidity and trading depth. With a fixed supply cap, UBIT benefits from supply clarity; however, given unclear circulation and adoption levels, fundamental progress and improved transparency should be prioritized in value assessment.

Key factors to monitor include: clear ecosystem use cases, ongoing technical updates, market activity and depth, user engagement frequency, third-party audits, and published reports.

How to Buy and Safely Store UBIT (UBIT) on Gate?

Step 1: Registration & Verification. Create an account on Gate’s website or app and complete identity verification (KYC) to enhance account security and withdrawal limits. Enable two-factor authentication (2FA) for additional login and transaction protection.

Step 2: Deposit or Buy Funds. On Gate, you can exchange fiat currency or other assets into USDT or similar stablecoins for subsequent spot trading. USDT is a stablecoin pegged to the US dollar—useful for pricing and placing orders.

Step 3: Search for Spot Trading Pair. On Gate’s spot trading page, search “UBIT”. If UBIT/USDT or similar pairs appear, access that trading pair page; if not yet listed, monitor Gate’s official announcements—avoid unofficial trading channels.

Step 4: Place Order & Execution. Choose between limit or market orders on the trading page. Limit orders let you set your price and wait for execution; market orders transact immediately at the current market price. Set quantities according to market depth to minimize slippage. After execution, check your holdings in the asset page.

Step 5: Withdraw & Secure Storage. For self-custody in personal wallets, confirm that UBIT’s contract address and network match Gate’s withdrawal settings; always test with a small amount first. If holding on the platform, activate security settings and regularly review risks; for self-custody, store your private key or mnemonic phrase offline—never share them.

How Does UBIT (UBIT) Differ From Tether (USDT)?

• Nature & Pricing Mechanism: USDT is a stablecoin targeting a 1:1 peg to USD; UBIT is a standard token with market-driven price fluctuations.
• Use Cases: USDT primarily serves as a pricing benchmark and trading intermediary; UBIT is designed more for ecosystem payments, incentives, or governance functions.
• Issuance & Reserves: USDT claims reserve backing and undergoes audits; UBIT’s supply logic is governed by smart contracts and project rules—distribution/unlocking require monitoring.
• Risk Focus: USDT risks center around reserve transparency/compliance; UBIT risks relate to price volatility, liquidity, and project execution.
• Market Positioning: USDT enjoys broad circulation/depth; UBIT currently has undisclosed or near-zero circulating supply according to public data—market cap assessment should be cautious.

Summary of UBIT (UBIT)

UBIT is a cryptocurrency token launched in 2021 with a fixed supply of 990 million tokens running on smart contracts. As of January 16, 2026, its price is about $0.000300 with 4 active trading pairs and $33k daily trading volume; however, circulating supply remains undisclosed or near zero—making market cap estimates difficult. Key areas for ongoing attention include verifying the official contract address, team information/whitepaper transparency, real-world applications, trading depth, and improved project openness. For trading on Gate: complete KYC procedures, prepare funds, search for trading pairs/place orders, and verify networks/contract addresses before withdrawals; for long-term holding assess your risk tolerance carefully—securely store private keys/mnemonic phrases (learn more) offline—and stay updated on project developments/compliance trends.

FAQ

What Are the Advantages of UBIT Compared to Other Stablecoins?

As a stablecoin, UBIT offers low transaction costs, fast cross-chain transfers, and diverse ecosystem applications. Compared to traditional stablecoins like USDT, UBIT often features more flexible exchange mechanisms and broader DeFi ecosystem support. On major exchanges like Gate, UBIT tends to have good liquidity—ideal for frequent trades and cross-chain transfers.

What Security Precautions Should Be Taken When Holding UBIT?

The core of securely managing UBIT lies in safeguarding your private key and mnemonic phrase. Use hardware wallets for large holdings—avoid storing significant amounts on exchanges. Beware of phishing sites or fake apps; always download wallet software from official sources. Double-check recipient addresses before transactions—a small test transfer can help mitigate risk.

Is UBIT Suitable for Beginner Investors?

As a stablecoin with relatively stable pricing compared to other crypto assets, UBIT suits risk-averse beginners. However, stablecoins are best used as trading tools or hedging assets—not speculative investments seeking appreciation. New users should learn about UBIT’s core features on platforms like Gate before experimenting with small trades or cross-chain transfers.

How Can You Confirm a UBIT Transfer Was Successful?

A successful UBIT transfer requires sufficient blockchain confirmations (typically 3–6). Check transaction status by entering the hash in a blockchain explorer or reviewing deposit/withdrawal records on platforms like Gate. If your transfer shows “Pending,” be patient; if unconfirmed for an extended period, review your gas fee settings.

Which Blockchains and Wallets Support UBIT?

UBIT is typically deployed on leading blockchains such as Ethereum, BSC (Binance Smart Chain), Polygon, etc., allowing user choice based on preference. Popular wallets like MetaMask, Trust Wallet, imToken all support storage/trading of UBIT. When depositing or withdrawing UBIT via Gate ensure you select the correct blockchain network—otherwise assets may be lost.

Quick Reference Glossary for UBIT (UBIT)

• Token: A digital asset issued on a blockchain, representing certain value or rights.
• Circulating Supply: The total number of tokens currently available in the market—used for calculating actual market capitalization.
• Fully Diluted Valuation (FDV): Total market value if all tokens were in circulation—reflects maximum potential value.
• Trading Pair: A combination of two assets traded against each other (e.g., UBIT/USDT), used for exchange on marketplaces.
• Volatility: Short-term price fluctuations indicating market risk/opportunity.
• Market Cap Share: Percentage of an individual token’s market cap relative to the entire crypto market—indicating its significance.

Further Reading & References for UBIT (UBIT)

• Official Site / Whitepaper:

• Development / Documentation:

• Trusted Media / Research: