ABOUT UBCOIN AND UBCOIN MARKETUbcoin (UBC) is a utility token that will be used for the completion of contracts intelligent and cost in the Market Ubcoin.
What Exactly Is Ubcoin market?
Ubcoin market is a peer-to-peer market (P2P) global where everybody can safely and quickly purchase or sell products or services using cryptocoin (UBC).
Ubcoin market solve all the problems because transactions in the market Ubcoin resolved in a digital currency without any banknotes or Fiat, which is influenced by digital smart contract, and the market offers a wide range of goods and services, read more on the whitepaper.
Ubcoin Marketplace is a global mobile phone market to buy and sell real-world goods for cryptocurrency. Ubcoin Marketplace – the next leap to UBank, which led mobile payment applications in Eastern Europe. Now with Ethereum blockchain, currency exchange-traded UBC, and intelligent contracts peer-to-peer to buy goods for cryptocurrency.Ubcoin market becomes part of the application UBank as the following new features:
Cut out as much as possible intermediaries. This platform facilitates the intelligent execution of contracts between independent parties.
We are developing AI technology to pre-screen the seller posts for potential violations of reason, morality, safety and fair treatment.
Blockchain enable decentralized initiation, completion and fulfillment of the transaction. Direct payments made under the contract clever.
Interface design we bring harmony and seamless experience in buying and selling goods globally.
We are trying to open our API to develop the best adaptation of the platform to specific local needs. Also we envisage the involvement of a third party provider (ie shipping companies, notaries).
Ubcoin Marketplace is an extension of UBank mobile app:
Companies are already quite a long time since 2009
Our current products, UBank, has more than 16 million installations worldwide
We consist of 50+ developers, top management talent and advisors
Ubcoin will improve and reinvent the existing product value proposition
Samsung products currently on all smartphones sold in the CIS,
Ubcoin apply blockchain technology platform to create, manage, and operate cryptocurrency tokenized and the platform itself.
Market Opportunities Analysis
Digital shopping is increasing in prevalence in the world. Number of digital shoppers across the world is projected to exceed 2 billion people by 2020.
In the retail category, Online shopping more at enjoy compared to expenditure in Offline or shopping in traditional markets.
How Does Ubcoin Work?
As far as it goes — every second smart phone sold in CIS countries comes pre-packed with the UBank application already pre-installed onboard. UBank is one of the most common default applications and the next phase is the creation of the Ubcoin Market in the already existing Ubank application. That naturally means, there will almost instantly be over two and a half million users with the app installed on their phone.
As of today, Ubank already has the inside understanding on how to treat investors the right way and also deliver them the promises they make. With more than 16 million people who have downloaded the app on a worldwide basis, they know what they’re doing. And out of those more than 16 million downloads, over 5 million of them are now registered users who are actively using the app. On top of that, more than 20 million transactions are processed by Ubank’s system every year since the year of 2013. That’s a steady, consistent user base that has been happening for more than 5 years now.
The ecosystem for Ubank is designed for exchanging goods to turn them into cryptocurrency and then back again if need be. The platform and application are successfully bridging the gap that has existed between the real world and cryptocurrency.
The Ubcoin marketplace is where the bridging of the gap is happening. It’s the next leap moving forward for the Ubank application. And now they are one of the leading mobile payment applications in Eastern Europe.
Thanks to the Ethereum Blockchain technology, and i’s security plus efficiency, the exchanging and trading of the UBC cryptocurrency is working better than ever. This is also improved due to the peer to peer based smart contracts that are making the platform even more attractive for the users on it. It works great for buying goods with cryptocurrency and vice versa. Ubcoin’s Marketplace is soon going to become a part of the Ubank Application as a new feature.
This will hopefully encourage the mass adoption of the app as they promote it along with the digital assets that are a mean for investing and a means to create settlements both. The peer to peer interaction will be used to cut out as many of the intermediaries as possible. And the platform in turn will also help to facilitate the execution of simple yet advanced smart contracts that operate between two different independent parties involved.
It’s ideally going to help turn it into a legal marketplace complete with AI technology that is going to be used to pre-screen the posting placed by sellers to protect people from possible infringements of reason, morality, safety and ultimately quality, well deserved care for all parties involved.
Now, as if this isn’t enough — the platform will also give users the opportunities to truly benefit from the decentralized network. The initiation and settlement of the company and the successful fulfillment of transactions as well as payments are going to immediately increase upon the performance running under the smart contracts.
It’s a very durable, reliable and downright impeccable interface that is designed to bring harmony as well as the seamless experience of buying and selling real goods online all over the world.
With the open community, the goal has been striving to open their API, so as to develop the best adaptations of the platform being idealized for the specific local needs of the users. They also have a vision of improving engagement of different third-party providers like delivery companies and notaries. You can download the application on the app store or get it on Google.
Token Buyback Program
The UBC Buyback Program, funded with up to 10% of Ubcoins’s net operating profits annually, will be created. Ubcoin intends to use the UBC Buyback Program to support the stability of UBC on the exchanges as needed. To facilitate liquidity on both buy and sell sides, UBC bought back by Ubcoin will be sold onto the exchange as needed depending on the underlying demand. A key feature of the buyback program is that the buyback offer price is: the larger of (a) token purchase price during private limited pre-sale or public token sale, or (b) current market price, (c) and the larger value multiplied by a factor of 1.1.
We expect that demand for UBC will rise with usage of Ubcoin’s marketplace. Rising demand may result in higher prices over time. Each time a fee is paid, an equivalent of 5% amount of UBC fee amount will be burned. As usage of the platform accelerates, the availability of the UBC token will diminish, thus decreasing supply and helping to maintain a competitive economic model for UBC.
However, there is no guarantee as to the price of UBC following the sale, nor that Ubcoin’s secondary market will be available at that time. Any UBC price will depend on a number of factors. Prospective purchasers should not buy UBC for speculative purposes.
Token – UBC
Platform – Ethereum
PreICO price1 UBC = 0.00005 ETH
Price in ICO1 UBC = 0.00009 ETH
Limited Private Pre-Sale 57 %
Stage 1, 2 -21 April 29 %
Stage 1, 22 April – 11 May 14 %
Tokens for sale2,000,000,000
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
White Paper: http://doc.ubcoin.io/whitepaper.pdf?v1
Facebook: https: //facebook.com/Ubcoin-838741126308809/
Medium : https://medium.com/@ubcoin
Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995