Ubiq
  • Odin
  • The Basics
    • An introduction to Ubiq
    • Nucleus
    • Monetary Policy
      • Historical MP (Pre-Orion)
    • Social Media
    • FAQ
  • Wallets
    • Official Wallets
    • Third Party Wallets
    • Hardware Wallets
  • User Guides
    • Trezor
    • Ledger
    • MetaMask
    • Single-Board Nodes
    • Deploy an ERC-20
  • Governance
    • The Escher System
      • ESCH Airdrop Overview
      • ESCH Airdrop Details
    • UIPs
      • Historical Votes
      • UIP Template
  • Infrastructure & Utilities
    • Mining
      • Proof of Work
      • How to mine UBQ
      • Miner Software
      • Solo Mining vs. Pool Mining
      • Mining Pools
    • Nodes
      • gubiq
      • The Network Statistics Page
      • static-nodes.json
    • Block Explorer
  • Developer Portal
    • Github Repositories
    • Octano d0x
    • Supply API
    • Remix IDE
    • Solidity
  • DAPPS
    • Enmaku
    • NFT's
      • CHIMP
      • GB89
      • nCeption
      • token.gallery
    • Redshift
    • Shinobi
  • Terminology
    • Glossary
  • Branding Resources
    • Conventions
    • Chromatics
    • Font
    • InfoGraphics
Powered by GitBook
On this page

Was this helpful?

  1. Governance

The Escher System

Ubiq's governance token.

PreviousDeploy an ERC-20NextESCH Airdrop Overview

Last updated 3 years ago

Was this helpful?

Ubiq separates the utility of its network into distinct roles.

While UBQ is used as the value vehicle of the Ubiq network which rewards Proof of Work and funds computational processing, it is not used as criteria for governance.

One may even hold a large percentage of the total supply of UBQ, yet hold no direct influence on proposed changes to the network.

In order to vote in the Ubiq system, one must have a balance of ESCH tokens.

ESCH tokens were distributed to the community through a series of airdrops, which required participants holding a UBQ balance ( in a wallet to which the user controlled the private key ) to interact with a smart contract in order to be allocated ESCH.

ESCH is listed on