Why could I lose my accumulated UBIs?
When you register in PoH and start dripping UBIs, they do not go directly to the wallet. The balance of UBIs remains in a contract variable called
AccruedValue. The entire balance in that variable allows for a mechanism that protects UBI from leaking to people who are no longer registered.
How does the seize mechanism work?
When a profile expires, ubis dripping does not stop automatically, but requires someone to manually cut that drip. That drip is implemented in the form of "Seize UBI " where anyone can keep the UBIs of an expired profile, in exchange for the gas required to send the command to stop the drip.
How do you consolidate the accumulated value so as not to lose it?
Performing an operation with the UBI, which can be:
- Send any amount of UBI to another person.
- Sending any amount of UBI to the same address you are receiving (you put as recipient your own address).
- Sending any amount of UBI to the burning address: 0x000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000dEaD
Hello my girlfriend and I are liquidity providers of approximately an eth and have been here from the Beginning. My 2 sons are also registered. All of our profiles expired while out of the country and we were told to reach out to the team. Is there a way of recovering the ubi we all earned as we have been a part of this project as a family from the launch and also supported it with our hard earned money. Our children are quite upset at this as this was no where in the information or white paper that we can recall reading.
I saw this post about sending ubi however how can you send ubi if it’s been seized?
Hi @Mike, sorry for the late reply. Unfortunately, as in most of blockchain-backed decentralized system, there is no way to get your non-consolidated UBIs.