Blockchain Insider: UBIQUICOIN CEO on Building a Two-Coin Ecosystem
Blockchain Insider is a new column dedicated to interviewing leaders in the blockchain world. These include founders, traditional industry veterans turned ICO participants and everything in-between. The weekly interviews will cover a wide range of questions and try to explore the motivation behind blockchain-based ideas and the problems blockchain technology is being used to solve.
When I first spoke with the UBIQUICOIN team, it was evident that they did not think like most blockchain startups. Every aspect of the business model is geared towards protecting and providing, from creating a seven-figure financial guarantee for their ICO to building a cryptocurrency that limits price volatility.
The UBIQUICOIN ecosystem is unique as it is built on a two-coin structure. The Transaction coin is price stable and to be used in real-world transactions. The Progressive coin can be seen as a more traditional investment vehicle, with a chance to appreciate and capture up to a 20% revenue share of platform profits.
I had the chance to speak to spoke with UBIQUICOIN’s CEO, Jeff Mahony, on how his team will help eliminate the friction costs associated with investment and commerce and provide financial inclusion for people around the world.
- Tell us a little bit about yourself:
I am going to focus on the team here as we share a very similar professional backgrounds. Our management team has a long history of working in financial services and technology with a particular focus on providing affordable, high quality services to lower income individuals. The emergence of blockchain technology provided a natural avenue for us to extend our philosophy to a much broader audience of underbanked and unbanked individuals on a global scale.
- What was your inspiration behind Ubiquicoin? How did it all start?
Our management team is comprised of financial and technology veterans that have been following the cryptocurrency industry for many years (well before it entered the mainstream media). As the size of the market rapidly increased and investors flocked to all forms of ICOs, we were struck by the inability of these cryptocurrencies to make the leap from speculative investment to a usable form of currency.
By taking a step back and assessing the positives and negatives with current offerings, we developed a unique two-coin solution coupled with a more efficient consensus mechanism to provide a truly usable currency while retaining upside potential for investors.
![earth-1149733_1920-760x400.jpg]
(
)
link:https://www.ccn.com/blockchain-insider-ubiquicoin-ceo-building-two-coin-ecosystem/