Hello guys! I just came across a very interesting ICO project that is focused on creating a global mobile marketplace where users can buy and sell real goods using cryptocurrency. Now isn’t that interesting? Below is a brief review of this project.
After successfully powering the first cryptocurrency (Bitcoin) since its creation in 2009 till date the Blockchain Technology has become one of the most adopted technology by business merchants, financial institutions and a host of other sectors around the world today. Its creation has brought about a continuous wave of innovations and operational improvement with a host of them either powered by Blockchain Technology or taping into the idea of the Blockchain Technology to create other technologies operating using the Blockchain principles, thus giving rise to other cryptocurrencies like ethereum, ripplecoin, litecoin etc.
THE NEED FOR THE UBCOIN PLATFORM
Today the cryptocurrency market is gradually increasing by the day with over a thousand cryptocurrencies presently listed on the coin market, Prompting so many financial experts predicting a complete dominance of crypto all-around usage in the nearest feature.Although the cryptocurrency market has been seen as a highly profiting ground by investors with an estimated market capitalization value of about $300 billion, but it would interest you to know that most holders of cryptocurrencies are mostly crypto traders, miners, a few investors and some minor service providing platform users (use as a means of payment for service access ). This is because their still some strict laws and in some places complete ban to the acceptance and use of cryptocurrency as a means of payment for major goods and services like payment for flight ticket, payment for vehicles purchase, payment for gadget purchase etc. and also lack of a global marketplace where one can easily access such goods using cryptocurrencies has greatly hindered the wider spread and dominance of cryptocurrency usage.
WHAT THE UB PROJECT IS REALLY ALL ABOUT
UBCOIN is a well thought out project by a team of highly experienced professionals whose company’s project goal is aimed at creating a digital marketplace were crypto users can easily and securely buy and sell any kind of goods and products using cryptocurrencies, thus increasing the purchasing power of cryptocurrencies to encourage and motivate people around the world to invest and use cryptocurrencies.WHAT IS UBCOIN
UBCOIN is a mobile app that connects buyers and sellers in a well-planned marketplace with payment done using cryptocurrency (UBC). With the UBCOIN app users enjoys a user-friendly search tools, smooth and simplified payment process and a well-managed business relations between users (buyers and sellers) via a set of smart contracts on Ethereum Blockchain.The UBCOIN platform comprises of some amazing tools that help avail it users with necessary information (extensive and content-rich product description, seller and buyers ratings, reviews and terms of sale and execution of smart contracts) to aid in decision making when buying and selling.
One amazing thing about Ubcoin app is that whole new idea was embedded into the company’s already existing leading payment app (Ubank app) which has been in operation since 2013 till date with over five million registered users global. These amazing new Ubcoin features now embedded into the Ubank app include; A Storefront Section and the Seller and Buyer Account Management Sections.
A PICTURE REPRESENTATION OF HOW THE UBCOIN PLATFORM WORKS
THE BACKBONE OF THE UBCOIN ECOSYSTEM
In other to make the operations on its platform entire ecosystem transparent, efficient, reliable, and highly secured the Ubcoin project team integrated the blockchain technology. The technology also aids the effective creation, operation, and management of it cryptocurrency and smart-contracts.Below is the Ubcoin Ecosystem at a glance.
THE UBCOIN TOKEN
The Ubcoin ecosystem is governed by its own utility token called Ubcoin token (UBC). The UBC (Erc20 compatible) serves as the official cryptocurrency for transactions on the Ubcoin mobile marketplace. The Ubcoin token price growth and demand rate are tied to the volume of sales and purchases in the marketplace.In other to manage its token supply, reduce volatility and enable persons who need UBC to obtain them the ubcoin project team has initiated some strategies such as
- A Burn Program to help methodically reduce supply the more successful the business becomes.
- A token Buyback program of up to 10% of the platform operating profits annually.
- A Reasonable vesting and anti-dumping prevention mechanisms.
- A Reserve pool to ensure no new token in circulation enters with a price lower than the ICO price.
- Special discount for holding a certain amount of UBC token.
For more information and updates about this project please visit the links below:
Website Link: https://ubcoin.io/
Whitepaper Link: http://doc.ubcoin.io/whitepaper.pdf?v1
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3109856.0
Facebook Link: https://facebook.com/Ubcoin-838741126308809/
Twitter Link: https://twitter.com/ubcoin
Telegram Link: https://t.me/ubcoinmarket
AUTHOR’S DETAILS
Bitcointalk User Name: Kessylezul
Bitcointalkprofile Link: https://bitcointalk.org/index.php?action=profile;u=1910183