# Fund Allocation & Categorization

During this period, we realized that several startups are raising capital, and most of them raise capital to build products. While they're building, there's no real utility of the token, and hence the price kept falling. We decided to solve this problem for UBX.

We spoke with several partners and founders who were facing similar challenges. We got back to the whiteboard and started working on a solution. With basic framework, we reached out to some of our close associates, and they we more than willing to experiment.

This is how the first cohort of UBX was born with Diverse Portfolio of Weighing Constituents

1\)BITCOIN 2) ETHEREUM 3) CARDANO 4) POLKADOT 5)BINANCE COIN 6)POLYGON 7)CRONOS 8)NEAR PROTOCOL 9)ALGORAND 10) CELO 11 )DECENTRALAND 12) Axie Infinity

We're ever so grateful to them and their community for the overwhelming response and amazing feedback. Thus UBX was born.

With this whitepaper, we introduce UBX, an innovative Staking and Index Fund solution. At the time of writing this whitepaper, UBX already has a TVL of $ 0.6 million.
