UBCOIN MARKET PROJECT
What is Ubcoin Market project?
Ubcoin Marketplace is a global mobile marketplace for buying and selling real world goods for cryptocurrency.
The number of cryptocurrency holders is projected to increase nearly 10-fold, from the current 22 million to 200 million worldwide by 2020. The simplest way to become an owner of cryptocurrency is by selling goods for crypto. This approach will drive mass adoption in the coming years.
The first challenge in the market is the lack of real-life application based on the cryptocurrency. Governments and regulators around the world are making the situation worse by not creating clear rules and laws related to the cryptocurrency. In many parts of the world, cryptocurrency trading is banned while in many countries, there are no specific guidelines for the cryptocurrency. What do you think about the future of the cryptocurrency in the market?
UBCOIN is the latest platform offering solution for the mass adoption of the cryptocurrency. They are creating a global marketplace for goods where buyers and sellers can exchange directly. Based on the blockchain technology, the platform facilitates the payment in cryptocurrency. UBANK is a payment service app with more than 16 million downloads and UBCOIN is part of it. UBCOIN is the segment of latest features on the UBANK platform. The sellers can create a dashboard on the storefront section which may consist of product categories and product description. Seller account management section and buyer account management section are two different set of tools provided to the users of the platform.
They will employ various marketing strategy for the adoption of the platform in the market. The revenue stream for the platform includes paid advertising and commission fees. Ethereum Smart contract is used by the platform for making the transactions on the platform secure and transparent. The billing system, anti-fraud system, ad platform, auction platform and customer support are the different system modules of the platform. Giving users of the platform the power to utilize cryptocurrency other than investment is the aim of the platform. The circulation of the tokens on the platform will create demand for the services offered by the platform. Given the nature of services offered by the platform, there are many other applications developed by the team in the past.
They have a strategic partnership with multiple companies, such as Samsung and fly. Legal marketplace, open community, P2P interaction and decentralization of transaction and settlements are the key features of the platform. Their target audience is the people using a smartphone and conducting their life using digital tools. Various tools for the security and stability of the services are utilized on the platform.
ICO INFORMATION AND TEAM
4,000,000,000 UBC Tokens are created for the project. 45% of the total tokens are reserved for the Public sale. The public token sale is currently live on the platform until 14th July 2018. 40% of the funds are utilized for the marketing of the platform while 35% of the funds are spent on the product development. The team working on the project has already developed many successful applications. They are experienced and ready to innovate in the cryptocurrency world.
March – May 2018
• Conduct Limited Private Pre-Sale and Token Sale
• Beta Ubcoin Marketplace developed for existing Ubank app
• Larger development team is formed
• Beta smart-contract platform developed
• Support & veribication team formed
• Beta-testing of MVP through existing app distribution channels with leading smartphone manufacturers
4 Q 2018
• MVP launched in Eastern Europe
• Basic KYC framework developed
1 Q 2019
• Full version of app launched in Eastern Europe
• App distribution agreements extended to additional regions
• Beta Open API developed
2 Q 2019
• Launch in Middle East and South Korea
• Beta AI-screening developed
3 Q 2019
• Launch in Southeast Asia and South Asia
• Open API made available to developers
4 Q 2019
• Launch in Latin America
• Full AI-screening tool rolled out
For more information:
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2010004