UBCOIN – The Ebay-like Peer-to-Peer Marketplace
Ubcoin Crypto-Goods Exchange is a blockchain-based smart ecosystem for easily exchanging real goods for cryptocurrency and vice versa. A unique crypto-to-goods exchange. Ubcoin is the market platform built on blockchain that for a peer-to- peer exchange of cryptocurrency to real-life goods. The platform will help an individual to sell/buy his or her goods at ease in exchange and in return he or she will get the UBC token which can to fiat anytime.
The only gateway for cryptocurrency now is cryptocurrency to fiat, but because of regulations and banking, Ubcoin is establishing that eliminates the entire restrictions to make buyers buy goods from sellers that need cryptocurrency in a peer 2 peer systems. With the blockchain technology all transactions are secured and transparent to everyone and with UBCOIN anyone can transact anywhere and anytime in the world.
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. Ubank has been working since 2009 and, as of today, has 2.5 million active users, more than 16 million downloads around the world.
Ubcoin Marketplace is powered by Ethereum blockchain and the exchange traded UBC cryptocurrency, enables these endeavors with peer-to-peer smart contracts for buying and selling goods. The smart contract technology allows the Ubcoin Marketplace, to ensure safety, executability, intractability and verifiability of a transaction, successfully facilitating peerto-peer transactions. The Smart contracts ensure that transactions are seamless, secure, enforceable, transparent and decentralized. The delivery economy facilitates explosive growth in the form of direct manufacturer-to-consumer transactions, allowing for much more attractive pricing for both buyer and seller. The Ubcoin Platform applies blockchain technology to create, manage, and operate tokenized cryptocurrency. The platform operates on Ethereum-based smart-contracts. 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 – Mobile App
Ubcoin is a mobile app, which brings together sellers and buyers in one convenient marketplace, and facilitates payment in UBC cryptocurrency. The Ubcoin app provides convenient search tools, facilitates payments and regulates business relations between buyer and seller using a set of smart contracts on Ethereum blockchain. The platform will utilize the development of numerous tools for supplying rich information necessary for making decisions in regard to buying or selling products.
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:
- Peer-to-peer Interaction
Cut out as much as possible intermediaries. This platform facilitates the intelligent execution of contracts between independent parties.
- Legal Market
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.
- Perfect Interface
Interface design we bring harmony and seamless experience in buying and selling goods globally.
- Open Community
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).
HOW IT WORKS
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.
ARTIFICIAL INTELLIGENCE ON THE UBCOIN MARKETPLACE
Ubcoin Artificial Intelligence System is created under the supervision of the Chief AI Officer Kirill Kosolapov. And has five applications to it. These applications are; Content Moderation, Price forecasting, Personal Recommendations, Improving Quality of Photographic Content, and Identifying Suspicious Ads and Behaviour. These applications are discussed extensively on Ubcoin medium page. https://medium.com/@ubcoin
WHY CHOOSE UBCOIN?
Ubcoin cuts through the hype with a sound application utilizing new revolutionary technology to bridge the gap between crypto and the real world. Investors are not betting on an unknown invention or just an idea. The value stems from an experienced team and a transparent business model solving a real problem and capturing a tangible opportunity that no one knows better than the crypto investors. Ubcoin Marketplace seizes the following opportunities :
- How to use cryptocurrency for real world purchases?
- How to obtain cryptocurrency for a newbie mass consumer?
TOKEN AND ICO DETAILS
- Token – UBC
- Platform – Ethereum
- Type – ERC20
- Pre-ICO price – 1 UBC = 0.00005 ETH
- Price in ICO – 1 UBC = 0.00009 ETH
- Limited Private Pre-Sale – 57 %
- Stage 1, 2 -21 April – 29 %
- Stage 1, 22 April – 11 May – 14 %
- Tokens for sale – 2,000,000,000
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.
- Burn Program
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.
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
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143