^^ 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.