Ubcoin - The bridge between the real and crypto worlds

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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. Nearly half of all online buying and selling activity now occurs in marketplaces, while mobile commerce will soon surpass web commerce as global smartphone penetration reaches 37% of world’s population by 2020. In order to forestall that, Ubank has developed Ubcoin marketplace for buying and selling goods for cryptocurrency

1.WHAT IS UBCOIN?

More and more people are getting interested in these new digital coins, however there still not enough places to spend your crypto in and people prefer to acquire more and hold them, which is not what they were created for. With a convenient place for trading and buying items, cryptocurrencies could finally become more commonly used and maybe get into the mainstream. Capitalization of the cryptocurrency market is around $400 billion. There is a great demand to spend that wealth by buying real world goods for crypto. 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, every compulsory and 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.
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Also as mentioned above, The Ubcoin Marketplace is not a greenfield project, but an extension of the Ubank mobile app:
  • A matured company, existing since 2009
  • Their current product, Ubank, has over 16 million installations worldwide
  • The team consist of 50+ developers, top management and advisor talent
  • Ubcoin will enhance and reinvent existing product value proposition
  • Samsung and Fly pre-install our current product on all smartphones, sold in 10 countries of Eastern Europe and Central Asia, including flagship Galaxy 9

2.WHY ON MOBILE AND ESPECIALLY WHY USE CRYPTOCURRENCY?

It is not a surprise that most of the customers nowadays use online web shops and marketplaces more often than regular ones. You can order almost anything from all around the world and get it shipped to you without moving from your house. The next step to make online shopping even more convenient are mobile marketplaces. The mobile commerce has a chance of surpassing web commerce pretty soon, people are now able to get access to all of the information and apps they want from a device in their pocket.
Currently, cryptocurrencies have become more of investors thing. They are being mined by powerful equipments, speculated, traded on exchanges, however there are still an enormous group of ordinary people who would like to get involved in this revolutionary technology in a more regular way. Bitcoin for instance was intended to make online money transactions much more efficient, faster and secure, however there are still not enough places where you could spend it, buy services or goods. Fortunately, this is starting to change thanks to Ubcoin.

3.HOW UBCOIN WORK

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It's as simple as above, think of Ubcoin more like Ebay for crypto. It 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. Specifically, extensive and content-rich product descriptions, seller and buyer ratings, reviews, terms of sale and execution of smart contracts.

4.WHY UBCOIN?

Many people want a simple and safe way to obtain a stake in cryptocurrency, but do not know how. They are not miners, not speculators, just individuals who see added value in investing in cryptocurrency. The number of cryptocurrency owners is projected to increase from a current 22 million to over 200 million by 2020.
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The app also features:

Storefront Section:

  • Product categories screens;
  • Product description screens;
  • Smart-search engine with relevance algorithms based on search string, geography, product descriptions, user reviews and ratings, and prices;
  • AI-based engine for pre-screening user posts, product descriptions, visual and video content.

Seller Account Management Section:

  • Easy-to-use tools for creating and managing sale posts;
  • Tools for promoting and targeting posted ads;
  • Ad stats (views, clicks, conversions, reviews etc.);
  • Terms of sale and payment management screens;
  • Seller’s cryptowallet;
  • Review management screens;
  • CRM.

Buyer Account Management Section:

  • Saved favorites and previous searches;
  • Buyer’s cryptowallet;
  • Purchasing history;
  • Smart recommendations engine based on previous searches and purchase history;
  • Purchase review management tools.

5.THE PROJECT ICO?

The token's name is UBC, UBC is an ERC-20 Ethereum-based token, which means it can be stored in most of the popular Ethereum wallets.
The project aims to develop in the markets of Eastern Europe, Southeast Asia, South Asia, the Middle East and Africa, Latin America. 4.png
The token will be used as the primary payment option within the platform to create smart-contracts for transactions and pay for the fees. During the registration on the marketplace, the user will get his own ethereum wallet to manage the coins directly from the app. It will then be possible to exchange them to other currencies or withdraw to your own wallet. No new coins will be created after the token sale and the hard cap is set at 650,000,000 tokens.
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The distribution of the Token
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The token sale seeks to raise financing to expedite development of Ethereum blockchain-based smart contracts, of AI-based screening and KYC technology, and to fund global expansion. Ubank app’s unique distribution model through pre-installation by manufacturers will be scaled to new geographies.
The exchange between Etherium and Ubcoin token is 1 ETH = 8640 UBC .One final thing to know is the UBC is in stage 7 so you will get a 7% discount until 19 august.

6.THE TEAM

The team behind Ubcoin has been working together since 2009 on multiple successful and big projects. They created Navifon, which was one of the best navigation software at its time, using 3D technology in navigation before Google. While uTalk was the first aggregator of social network sites and managing Google Talk, Facebook Chat, ICQ or Skype. It has been pre-installed on more than 22 million smartphones by Samsung, LG and Fly Mobile.
  • Founders and each of developers, programmers and teammates could easily showcase their skills and many years of experience, successful projects and enormous and extensive knowledge. It's definitely a huge advantage and strong side of the project.
  • Our Board of Advisors includes pedigreed global business professionals and influencers, it is not stacked with pre-ICO hype-makers, all are our long-term trusted business partners.
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    You can see more about most of the team background via linkedin

7.ROADMAP

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8.PARTNERS

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9.PUBLIC OPINION AND PRESS

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10.CONCLUSION

To sum up, Ubcoin wants to help in mass adoption of cryptocurrencies, create a convenient peer-to-peer exchange of goods in a legal marketplace, while everything is happening in a decentralized and blockchain-based environment. 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. There is a constantly growing need for online marketplaces, as people simply prefer it to regular shopping for it's convenience. Therefore, Ubcoin will most likely gather a potential users, sellers and buyers without many problems. The project seems to be prepared very well with a lot of transparent and detailed information provided in the documentation. The design of the site and future platform also looks very good and easy to use

More info about them:

Author: Khuongcute2503

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