Since the advent of the blockchain technology, a lot of projects have been introduced into it, with the global adoption gradually increasing by the day. The unique features of this disruptive technology which include decentralization, transparency and immutability, are the attracting forces. UBCOIN is also leveraging on these unique features of the blockchain.
UBCOIN is a global market place which operates on a peer to peer basis, enabling users to trade their products and services instantly without fear, using UBCOIN. It will interest you to know that the UBCOIN platform operates on smart contract based on ethereum protocol. The fact that UBCOIN is using a smart contract guarantees not only secured and fast transactions but also a very transparent and safe transaction.
CHALLENGES FACING THE CRYPTOWORLD WHICH UBCOIN HAS COME TO SOLVE
Unfortunately, while people, organizations and industries are gradually adopting cryptocurrencies, there are some factors limiting the global or mass adoption of these digital assets.
-Crypto investors and enthusiast go through a lot of stress while trying to exchange one cryptocurrency with another or with fiat and wished there were easier ways of converting assets to cryptocurrencies without much stress and uncertainty.
– Some crytocurrency traders and investors get discouraged with the fact that they cannot buy goods and services online directly using cryptocurrencies.
-They wished there were ways to avoid the stressful, time consumption and high fees paid during the process of converting cryptocurrencies to Fiat before being able to use it to purchase any goods and services.
– Also in trying to avoid exchange, the use of peer to peer conversion platforms comes with the risk of being scammed by the other party.
– The process of using exchanges to trade is not also safe as a lot of exchanges undergo attack by hackers, who steal investor’s funds.
THE UNIQUE FEATURE OF THE UBCOIN
UBCOIN (UBC) is designed to enable a large adoption of the cryptocurreincies and other digital assets which can be used both for rewards and well as for investment.
Peer to peer interaction: UBCOIN is created as a decentralized; platform on the blockchain with the aim of removing every middleman and intermediaries, the smart contract allows self execution between independent platforms.
Decentralization: the integration of UBCOIN into a decentralized blockchain technology and the smart contract enables immediate, prompt and secured payments and transactions.
A unique interface: UBCOIN platform is designed to be user friendly and afford the users a great trading experience, such that has never been found on other cryptocurrency platform.
UBC token is created on the ethereum blockchain to promote peer to peer platform, and serves as a major part of the UBCOIN ecosystem. The UBCOIN smart contract is not meant to accept other cryptocurrencies. The UBC token will be used for payments and rewards on the platform.
BENEFITS OF UBC TOKENS TO HOLDER
Every UBC token holders will be given discounts on fees charge on the platform according to the amount of UBC tokens held by such user. This is done in order to add more value to the token as users are encouraged through the incentives to buy and hold more tokens for more holders’ rewards.
OTHER UNIQUE PROGRAMS THAT WILL INCREASE THE VALUE OF UBC TOKEN
TOKEN BUY BACK PROGRAM
In order to keep the price of UBC high, there will be token buyback from time to time. In this program up to 10% operating profits will be channeled into it.
– TOKEN BURN PROGRAM
Up to 5% of transaction fees will be burnt periodically to help reduce the token total supply and inversely increase the value of the UBC token.
Reserve: some portions of the UBCtoken will be reserved to grow and promote the project as well as prevent the creation of any new UBC tokens.
TOKEN SALES 45%
– THE UBANK APPLICATION
The UBCOIN team has planned to integrate it into UBANK app and update it on Abndroid and IOS versions. Crypto traders and investors will be able to easily use those applications for trading cryptocurrencies.
THE REASONS FOR ACCEPTING ONLY UBCOIN TOKEN
On the UBCOIN goods to crypto exchanges only UBC will be accepted as means of payments and exchange. This is because:
1. On the platform both buyers and sellers agree on the value of cryptocurrencies to be exchanged for goods and use UBC as a component of successful transaction without disagreements.
2. If other currencies are used or accepted for the exchange with goods, buyers and sellers would have to carryout research to find out the value, advantages and disadvantages of the other cryptocurrencies, this is bound to delay tractions or fast deals. But with just UBC there will be no need for any research as both parties already know the value and worth of UBC.
3. Due to short term volatility of so many crryptocurrencies, using or accepting other coins on the goods to cryptocurrency platform of UBCOIN will make both buyers and sellers feel uncomfortable by either feeling over payment or selling at less value respectively. Using UBC is of advantage because there is a built in mechanism of reserved pool which protect UBCOIN from high volatility that affects other cryptocurrencies.
THE UNIQUE ROAD MAP OF UBCOIN PROJECT
In conclusion, UBCOIN is a unique and innovative project that has come to add value to crypto investors, traders and the global economy in general .its integration into the UBANK app is a great idea that is meant to pull masse adoption of cryptocurrrencies and the blockchain technology.
THE UBCOIN TEAM
For more information please visit the following links
White paper: https://ubcoin.io/en/whitepaper
Authour’s bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summary
Author’s name: nesbee2