It is now possible for the first time to exchange values ​​peer-to-peer without requiring a trusted authority. As we know, the first application of this is money in the form of Bitcoin and other cryptocurrencies. Centralized money is really revolutionary and will have a huge impact over the years and decades to come, but money is only the first app. With this technology we can exchange any value. All it takes is the infrastructure and network to enable it.

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.

Problem

Today, tens of millions of people legitimately have crypto currency. Hundreds of millions of people around the world are aware of the crypto currency and want to get it. Many people see crypto as an investment vehicle with amazing returns, and others are looking to benefit from the seamless digital transactions and new business opportunities provided by blockchain technology.
Crypto currency mass adoption is inevitable and imminent. The cause and credit are thanks to many entrepreneurs and visionaries, including our source of inspiration and the deepest object of reverence, Telegram. Mass adoption is sure to come sooner than later. Consumers need a simple, fast and secure way to earn digital currencies. Crypto currency capitalization fluctuates about $ 300 billion. But governments, banks, and international payment systems around the world set clear rules
set up crypto transactions to allow law-abiding citizens to buy and sell physical goods using their digital assets. Most $ 300 billion is ready to spend - conversion into physical assets. The aim of our company is to empower consumers worldwide to invest in crypto and to enjoy the purchasing power of their crypto investment by creating the Ubcoin digital market where they can freely and securely buy and sell goods for crypto currency.

Vision

1. Many people want a simple and secure way to get shares in crypto currency, but do not know how. They are not miners, not speculators, only individuals who see the added value in investing in crypto currency. The number of owners of crypto currency is projected to increase from 22 million today
   to more than 200 million by 2020.
2. Yet these same people are very comfortable with purchases and sales on Ebay, Amazon, WeChat, Etsy, Taobao and the like. By 2016, the market accounted for 44% of the $ 2.44 trillion spent online in 2016.
3. Crypto currency wallets are typically concentrated on mobile devices, with more than 65% of wallets being mobile apps. Global smartphone penetration is projected to reach 37% by 2020.
4. The global population of digital buyers will surpass 2 billion people by 2020.

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

• 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.

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.

Roadmap

Team

** For More Information About Ubcoin, 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
Writter : tommisetiyawan
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1930443