About UBK
United Reserve Bank (UBK) is a non-profit, non-sovereign cryptocurrency issuing institution registered and approved by the state government of Colorado, USA. The core business of UBK is to issue a utility token for the Global Climate Crypto-action Plan (GCCP) advocated by the Global Climate Crypto-action Committee (GCCC), in accordance with GCCC's strategic planning. The token parameters are as follows:
- Token Standard: Ethereum ERC-621 / ERC-721A standard
- Token Name: Global Green Digital Currency
- Token Symbol: GGDC
- Token Contract Address: 0x68917a0e538CF4A807b3D415C1af5cDBab0FF4DC
- Token Issuance Quantity: To form a foreseeable issuance volume aligned with the macro demand for global ecological restoration and correlated with trends in the U.S. Dollar price index.
- Token Carbon Pool Equivalent Value (CCAs): Tons of CO₂ contained per ten thousand GGDC.
- Token Carbon Sink Equivalent Value (CEAs): Annual increase in tons of CO₂ per ten thousand GGDC.
- Initial Token Exchange Rate: Since China ranks first globally in carbon emissions, GGDC's genesis exchange rate is set at 1:1 with the Chinese Renminbi (RMB) for estimating project investment scale and GGDC issuance quantity. However, GGDC is not a stablecoin and has no pegging mechanism to the RMB. GGDC will develop its own unique market trajectory.
The GGDC token incorporates two parallel issuance mechanisms.
— Credit-Based Issuance Mechanism for Global Climate Projects
This mechanism uses the future verifiable ecological value generated by climate projects (e.g., desertification control and ecological restoration, afforestation and reforestation) as a credit anchor to issue Climate Perpetual Debt. This debt serves as the underlying asset to generate the globally circulating green digital currency (GGDC), creating a novel value system that integrates debt and currency. The core driver of this system is a powerful "Triple Value-Enhancement Engine":
- Sustained Enhancement Flywheel: Debt Interest Stream
The interest paid by project parties on the perpetual debt for using the funds is automatically injected into a smart contract. This capital is used for continuous open-market repurchase and retirement of GGDC, creating fundamental deflationary pressure. - Sustained Enhancement Flywheel: Equity Profit Stream
We have established a permanent profit right for "climate" itself. When climate projects generate legal profits, a predetermined proportion of equity returns is injected into the same smart contract, providing additional, sustained deflationary momentum for GGDC that grows alongside the projects. - Active Turbocharger: Project Buyback Stream
When a climate project enters a mature, profitable stage, the project party has the right to use fiat-backed stablecoins to actively redeem part or all of its corresponding GGDC debt. All redemption funds are used for a one-time, large-scale repurchase and destruction of GGDC. This mechanism directly translates the commercial success of projects into periodic, strong deflationary pressure on GGDC, acting as a "value supercharger" for the aforementioned two flywheels.
— Mining-Based Issuance Mechanism for the Global Voluntary Carbon Neutrality Market
Using the global UBK-WAP "Carbon Neutrality for All" Volunteer Community Platform as the vehicle, this mechanism vigorously promotes the development of the volunteer community. It encourages and attracts individual and institutional investors to provide liquidity support by exchanging and staking GGDC, aiming to fulfill carbon neutrality obligations while achieving asset preservation and appreciation. The purpose of GGDC mining issuance is to mobilize individuals and institutions worldwide, establishing a sustained and robust credit fulcrum for addressing global climate change and empowering the asymmetric-structured Climate Perpetual Debt to become a powerful credit instrument for global climate governance.
The GGDC issuance system is composed of four independent institutions: the Global Climate Crypto-action Committee (GCCC), the United Carbon Sink Fund (UCSF), the United Reserve Bank (UBK), and the Green Digital Currency Alliance (GGDA). The operation of GGDC relies on global climate consensus and a comprehensive global climate finance infrastructure. This infrastructure includes widely adopted and mature active mainchains, centralized (CEX) and decentralized (DEX) exchanges, wallets, as well as the UBK-WAP "Carbon Neutrality for All" Volunteer Community Platform, which is developed by UBK and operated by GGDA.
Our Mission
Volunteer Opportunities
Our Mission
To establish an innovative climate finance infrastructure, issue the green digital currency GGDC anchored by Climate Perpetual Debt, achieve large-scale climate capital financing, and promote poverty reduction and green economic development in late-developing regions.
Our Vision
Volunteer Opportunities
Our Mission
To advance GGDC as a globally circulating cryptocurrency, transforming it into a non-sovereign global reserve asset and medium of exchange—Climate Foreign Exchange—possessing both credit and value attributes.
Volunteer Opportunities
Volunteer Opportunities
Volunteer Opportunities
By integrating voluntary carbon neutrality obligations with the objective of asset value appreciation, GGDC as a carbon trading medium will create an unprecedented, enormous global voluntary carbon neutrality market. By holding GGDC, individuals and institutions can not only fulfill their carbon neutrality commitments but also benefit f
By integrating voluntary carbon neutrality obligations with the objective of asset value appreciation, GGDC as a carbon trading medium will create an unprecedented, enormous global voluntary carbon neutrality market. By holding GGDC, individuals and institutions can not only fulfill their carbon neutrality commitments but also benefit from asset preservation and growth. The UBK-WAP Volunteer Community Platform will operate as a worldwide, 24/7 voluntary carbon neutrality marketplace. We welcome you to join this fully prepared volunteer community.
GGDC Credit Sources
Transparency and Openness
The essence of currency lies in credit, and the cornerstone of credit is transparency and openness. Every issuance of GGDC corresponds to a climate project. The essential information, issuance volume, and key updates of each climate project will be recorded and stored on-chain through a globally visible NFT token, offering unparalleled transparency.
Climate Justice
The primary beneficiaries of GGDC issuance are later-developing economies. GGDC serves as a market-driven, highly risk-resilient value supplement for developed economies to fulfill their global climate responsibilities. Consequently, GGDC can foster a high degree of consensus between the Global North and South, helping to resolve climate-related conflicts between these regions.
Neutral Issuance
The GGDC issuance system is characterized by three neutral attributes: non-sovereign, non-profit, and decentralized. These features establish a solid foundation for GGDC’s market credit. In the spirit of climate justice, both developed and developing nations share the responsibility and obligation to enhance GGDC’s credit standing through measures such as currency exchange.
Debt-Driven Mechanism
Interest income and retained earnings from countless global climate projects will be entirely allocated to repurchasing and retiring GGDC from the open market. This positive feedback flow will generate strong market momentum, driving an appreciation trend of GGDC against fiat currencies. Given GGDC’s global liquidity and the potential currency crisis stemming from increasingly severe global monetary expansion, GGDC is positioned to become an ideal global medium of exchange and reserve currency.
Sovereign Endorsement
Another crucial source of GGDC’s credit is sovereign endorsement. GGDC establishes the most risk-resilient climate financing solution—Climate Foreign Exchange—between developed and later-developing nations, serving as an encrypted resolution to North-South climate conflicts. As a result, GGDC is poised to become the medium of exchange and reserve asset with the broadest sovereign credit support worldwide.