Universal Labs Change the Token Name From YOU to UBBEY！
Universal Labs has been planning to use the name YOU for our token since the very beginning of our project.
Until we found that there is another ‘YOU’ token in the market, which has already been listed on OKEX.
With our original smart contract, we issued more than 1,000,000 YOU tokens to our supporters who participanted in our Valentine’s Day Blockchain Love Letter activity early this year. Yes, we could continue our token distribution using the same YOU token symbol, and it would be the easier way to do.
However, the potential of confusion for 2 separate YOU tokens (maybe more than 2) has led us to decide that we need to rename our token — in order to avoid the dispute situation about token name ownership between BOX and ContentBox, both of whom using BOX as their token names.
This feels like gift-wrapping a birthday present after it has been opened, but we believe that it is the right thing to do.
Our new token name is UBBEY, and all tokens will be distributed after we update our new token name and symbol on our smart contract.
Universal Labs (UBBEY) New contract: https://etherscan.io/address/0x6cb1c2b61e24ad08bf5fff4d2b13ea987d211a88
For current token holders
In order to ensure that every token holder has swap their token successfully, we strongly recommend you DO NOT TRANSFER/EXCHANGE your YOU token at this stage.
Universal Labs will keep a record of the current holders’ balance and make sure they receive the new UBBEY token primarily.
Universal Labs’ new UBBEY token will be distributed in the following order, started from tomorrow.
- Current token holders
- Pre-Sale participants
- Public Sale participants
Every token holder will have the right to swap YOU tokens to UBBEY. The team will work on token swap process to make it fast, secure and convenient for our community. This process is of great importance for Universal Labs’ supporter — keeping the UBBEY tokens transferable and ensuring Universal Labs project’s future development.
For investors, please be advised that always pay attention to the token logo during your investment operation in the future.
We sincerely apologize for any inconvenience caused. Thank you all for your understanding and patience.
— Universal Labs Team
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