^^ Just as a follow up.  Here is the exact wording from their website during the ICO (use wayback machine if you want to verify):


"Every quarter, we will use 20% of our proceeds from transaction commissions to buy back UBEX Tokens and destroy them, until 50% of all UBEX Tokens are taken out of circulation. This approach creates a scarcity in the token supply."


Here is the current post-ICO wording:

"Ubex has the possibility (but not the obligation) to buy back UBEX Tokens and burn them. UBEX Tokens would be taken out of circulation, this would create a scarcity in the token supply."


I think Ubex have some explaining to do.  Livid.

for all the people who think that UBEX is not a Big SCAMMMME:

https://bitcointalk.org/index.php?topic=4885760.0

https://www.reddit.com/r/CryptoCurrency/comments/98dhy5/is_ubex_a_scam/

https://medium.com/@shitcoinofferin/ubex-ico-this-machine-will-never-rise-9fd7fa16d985

can any one explaine this:
https://medium.com/@Ubexai/ubex-official-procedure-to-authenticate-private-wallet-before-withdrawal-of-tokens-8a57155fda0a