Electronic money is growing in popularity, and blocking technology is integrated into all areas of our lives. And in fact, this process can not be avoided. According to forecasts, by 2020 the number of holders of crypto currency assets will increase 10-fold. Agree, the prophecy is impressive. But even today there is a problem of a lack of widespread opportunities to acquire and sell goods for crypto currency. This is not about individual stores or services (which are not too many), accepting in addition to electronic money and fiat. This is a question about other global markets, which will also be presented on the Internet. And now considering this issue, you need to pay attention to a very interesting project - Ubcoin Market.
What Is UBCOIN?
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.
Ubcoin platform
Ubcoin Market is a project developed by the Ubank team. This company has been operating since 2009 and already has many specific developments. So, by 2011 mobile applications NaviFon (navigation) and Utalk (messenger) have already been launched. In 2013-2014, launched a mobile application Ubank, which includes various payment services. It is more focused on the Russian market. For all the time the company has concluded a number of contracts with many banks that provide cash flow, since Ubank is not a bank. There are also agreements with companies such as Sumsung, Fly, Huawei on placing the above applications in their phones by default.
Ubcoin is a mobile application with the help of which users can both sell and buy various goods using the crypto currency, namely using the internal tokens of this application - UBC. In fact, it will be a trading platform, which provides for the creation of comfortable conditions for both buyers and sellers. For each of them, convenient functions and tools will be available, such as tools for promoting advertising and targeting; Advertising statistics (Views, clicks, conversions, reviews, etc.).) and purchase statistics; sales and payment management screens; mechanism of intellectual recommendations, based on previous searches and purchase history; procurement control tools.
The basis for the Ubcoin Marketplace - smart contracts Ethereum Blockchain, which provide proper protection of transactions, their speed and security of conduct. In addition, it is the blockade that acts as a guarantor of the reliability of cooperation between the parties so that they can safely trust each other, working directly with each other, eliminating intermediaries and high risks.
Goal
The platform will use the development of numerous tools to provide rich information needed to make decisions regarding the purchase or sale of goods. In particular, extensive and detailed product descriptions, ratings of sellers and buyers, reviews, terms of sale and performance of intellectual contracts.
The project aims to develop in the markets of Eastern Europe, Southeast Asia, South Asia, the Middle East and Africa, Latin America.
Ubcoin also plans to create regional marketing teams to support local events, including the formation and development of a regional user of communities, targeted advertising campaigns and coordination of marketing activities. Part of the marketing budget involved with the sale of tokens will be spent on: a more in-depth study of local markets. ICO will attract funds for the rapid development of UbcoinMarket and global expansion.
Benefits
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Minimum of intermediaries. With the help of the application, the number of participating links in the sales process is minimized as much as possible. Now this process happens P2P, according to the terms of the smart contract.
Legal protection. The company takes maximum measures for the legitimacy of goods and services on the Ubcoin market. Profiles of sellers will be checked, and any potential violations will be excluded.
Decentralization. The appendix provides that the initiation, settlement and execution of transactions will be recorded in the block. Thus, all the necessary information will always be available, and, very importantly, no one can change it.
Interface. The interior of the application is designed taking into account the best world trends, and is designed to create the most convenient conditions for both the seller and the buyer.
How does it work
The procedure for acquiring goods by the buyer is quite simple, but the presence of smart contracts that ensure compliance by all parties with the terms of the transactions adds extra confidence and reliability. The peculiarity of the Ubcoin Marketplace is that all commissions related to its use, although they are relatively low, are paid by the seller of the goods (which is very reminiscent of the tax system in the states), and for the buyer the commission is completely absent.
Most likely, this is due to the fact that buyers of goods are those participants of the marketplace who pre-purchase UBC tokens, and sellers get tokens directly from the buyers themselves.
The rest of the process of buying goods is not much different from buying a thing in an online store. The user has access to an extensive catalog of products with the ability to search by category. When he finds the necessary thing, he has the opportunity to pay for it with the help of UBC tokens. At the same time, to prevent attempts to abuse the platform, a system that prevents fraud, authorization of users within the framework of the KYC (Know Your Customer) policy, as well as a number of other security measures will function.
ICO Details
Token - UBC
Token-Seleur - April 2 - May 31, 2018
Price of the token - 0.000089 ETH
The minimum amount of fees is 2 000 ETH
The maximum amount of fees is 179 000 ETH
Created tokens - 4 000 000 000 UBC
The UBC token (created on the blockbuster Ethtereum) will be the only used currency on the Ubcoin market. Neither the tools nor any other tokens will be used on this platform. Also a thoughtful system of encouragement for holders of UBC tokens: depending on the number of these tokens on the user's account, he will be offered all sorts of discounts. It is envisaged that with the help of the reserve fund, the team will be able to prevent speculation in the market with respect to the UBC tokens, and keep its course. Another solution will also be implemented, which will help to strengthen the price of the token, namely, burning 5% of the commissions of all transactions on the platform.
** For More Information, Visit Us : **
Website : https://www.ubcoin.io/
Whitepaper : http://doc.ubcoin.io/whitepaper.pdf?v1
Facebook : https://www.facebook.com/ubcoinmarket/
Twitter : https://twitter.com/ubcoin
Telegram : https://t.me/ubcoin
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