Ubcoin Market

What is UbcoinMarket?

Ubcoin Marketplace — the next leap forward for Ubank, leading mobile payments app in Eastern Europe. Now with Ethereum blockchain, exchange-traded UBC cryptocurrency, and peer-to-peer smart contracts for buying goods for cryptocurrency. Ubcoin Market will become part of Ubank app as a new feature.

Vision

  1. Many people want a simple and safe way to obtain a stake in cryptocurrency, but do not know how. They are not miners, not speculators, just individuals who see added value in investing in cryptocurrency. The number of cryptocurrency owners is projected to increase from a current 22 million to over 200 million by 2020.
  2. Yet these same people are very comfortable with buying and selling on Ebay, Amazon, WeChat, Etsy, Taobao and the like. In 2016, marketplaces accounted for 44% of the world’s $2.44 trillion spent online in 2016.
  3. Cryptocurrency wallets are primarily concentrated on mobile devices, with over 65% of wallets being mobile. Global smartphone penetration is projected to reach 37% by 2020.
  4. Global population of digital buyers will surpass 2 billion people by 2020.

These four pivotal forces combine in the global mobile marketplace where people can:
• Easily become owners of cryptocurrency by selling goods
• Easily spend their cryptocurrency wealth by purchasing real world goods

The global Ubcoin Marketplace, powered by Ethereum blockchain and the exchangetraded UBC cryptocurrency, enables these endeavors with peer-to-peer smart contracts for buying and selling goods:
• Sellers are interested to receive cryptocurrency for their wares. Utility of settlement + Investment vehicle = mass adoption of digital currency.
• Buyers are realizing the cryptocurrency investment gains and purchasing power, yet are spared the pain and risks of switching between crypto and fiat currency.
• Smart contracts ensure that transactions are seamless, secure, enforceable, transparent and decentralized.

Ubcoin Marketplace Product

  • Cryptocurrency mass adoption
    We promote mass adoption of digital assets that are both a means of settlement and an investment vehicle, thereby enlarging benefits for all parties to everyday buy-and-sell interactions.
  • Peer-to-peer interaction
    Cut out as many intermediaries from the value chain, as possible. The platform facilitates smart contract execution between independent parties. The Ubcoin Marketplace does not own any goods for sale, it is not biased in its search results, and protects fairness of smart contracts.
  • Legal marketplace
    We pay special attention to ensuring the legitimacy of goods and services sold on the Ubcoin marketplace. We are developing an advanced AI technology to help pre-screen seller postings for any potential infringements of reason, morality, safety and due care. Seller profile transparency and verification will be strongly encouraged and promoted.
  • Decentralization of transactions and settlements
    Blockchain allows for decentralized initiation, settlement and fulfillment of transactions. Payments are immediate upon performance under carefully crafted smart contracts.
  • Impeccable interface
    Our interface design brings a harmonious and seamless experience of buying and selling goods globally. We will strive to open our API to the community in order to develop the best adaptation of the platforms for specific local needs of the global community.
  • Open community
    Some transactions may, in the future, require additional KYC/AML procedures for execution of smart contracts for certain types of deals involving third-party providers (i.e. delivery companies, couriers, notaries). Ubcoin platform envisions seamless engagement of these parties.

How it Works

Roadmap


2006 – 2011
• NaviFon launch – mobile navigation application.
• Utalk launch – crossplatform messaging client.
• Preinstallment agreement with Samsung.
• Ubank trademark registration.
2013 – 2014
RoadmapWe have come a long way and we still have a lot to do.• NaviFon launch – mobile navigation application.
• Utalk launch – crossplatform messaging client.
• Preinstallment agreement with Samsung.
• Ubank trademark registration.2006 – 2011• Ubank launch.
• Preinstallment agreement with Fly.
• Ubank raised $8 million investment from Runa Capital, leading Russian venture investment fund.
• More than 3 million users.
• Preinstallment agreement with Huawei.
2015 – 2017
• Strategic partnership with MDM Bank.
• Co-branded card launched.
• Ubank financial marketplace model launched.
• 6.1 million downloads of Ubank app on GooglePlay.
• Strategic partnership with Sovcombank.
• 12 million downloads of Ubank app on GooglePlay.
2018 – WE ARE HERE
RoadmapWe have come a long way and we still have a lot to do.• NaviFon launch – mobile navigation application.
• Utalk launch – crossplatform messaging client.
• Preinstallment agreement with Samsung.
• Ubank trademark registration.2006 – 2011• Ubank launch.
• Preinstallment agreement with Fly.
• Ubank raised $8 million investment from Runa Capital, leading Russian venture investment fund.
• More than 3 million users.
• Preinstallment agreement with Huawei.2013 – 2014• Strategic partnership with MDM Bank.
• Co-branded card launched.
• Ubank financial marketplace model launched.
• 6.1 million downloads of Ubank app on GooglePlay.
• Strategic partnership with Sovcombank.
• 12 million downloads of Ubank app on GooglePlay.2015 – 2017• Beta smart-contract platform developed.
• Support and verification team formed.
• Beta-testing of MVP through existing app distribution channels with leading smartphone manufacturers.
• MVP launch in Eastern Europe.
• Basic KYC framework developed.
2019
1Q
• Full version of the app launched in Eastern Europe.
• App distribution agreements extended to additional regions.
• Beta open API developed.
2Q
• Launch in Middle East and South Korea.
• Beta AI-screening developed.
3Q
• Launch in South East Asia and South Asia.
• Open API available for developers.
4Q
• Launch in Latin America.
• Full AI-screening tool rolled out.ICO will be held from 2 April till 31 May

Why Ubcoin Market?

  • Native to ecosystem
    UBC token is native to peer-to-peer marketplace ecosystem. Smart contracts will not accept other cryptocurrency.
  • Token buyback program
    UBC token holders receive discounts on fees linked to size of their UBC holdings. Incentive for clients to buy and hold UBC.
  • Team locked-in
    Up to 10% of Ubcoins’s net operating profits diverted to buyback at 10% above the greater of market or placement token price.
  • Utility incentive
    Significant portion of tokens set aside for growing business, ensuring no new tokens enter into circulation at prices lower than during initial Token Sale.
  • Reserve pool
    Strong vesting and anti-dumping prevention mechanisms.
  • Burn program
    5% of Ubcoin fees from user transactions are burned to reduce token supply as business grows.

Detail Informations :

Webiste : https://ubcoin.io/
Whitepaper : http://doc.ubcoin.io/whitepaper.pdf?v1
Twitter : https://twitter.com/ubcoin
Facebook : https://web.facebook.com/ubcoinmarket/
Telegram : https://t.me/ubcoin
Medium : https://medium.com/@ubcoin
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1692321

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