Top Frequently Asked Questions AboutUbecoin ICO
How much do Ubecoins cost and when are they available for purchase?
Ubecoin pre sale will be by Invitation Only. The main sale will commence 2nd June 2018 at a rate of US$0.25c per coin.
Which wallet can be used to store Ubecoin?
UBE is an ERC20 token, meaning it can be stored in any ERC20 compatible wallets such as MyEtherWallet.
What is Ubecoin?
Ubecoin (‘UBE’) is an ERC20 standard token based on the Ethereum technology and blockchain. UBE is a medium of exchange used within our ecosystem and allows for a secure, private and decentralized method of confirming and conducting transactions within the network. Ubecoin is a hybrid cryptocurrency that can be utilized as a medium of exchange between business merchants, consumers and speculators in a new blockchain globally.
What is Free Trade Barter?
Free Trade Barter is a global business directory of merchants that accept Ubecoin as a medium of exchange or part thereof. FTB was developed due to the inefficiencies and expensive cash transaction fees inherent in traditional barter platforms. By utilizing FTB, merchants globally can reduce cash expenses and be in total control of who they trade with, what portion is traded whilst being in total control of their accounts and Ubecoins.
How is Ubecoin going to use the proceeds from the pre sale and ICO?
Ubecoin will use funds raised from the pre-sale and ICO in order to finalize development of the Ubecoin and Free Trade Barter platform, consolidate ownership of its IP, expand the team, compensate advisors and current team members and launch the platform worldwide. A portion of the budget will be utilised on promotion and on boarding merchants globally to the FTB site as well as expanding our JV partnerships and global product and service offers.
How many Ubecoins are there and will there ever be any more?
The total Ubecoin economy is 3 billion coins. Only a small portion is available through the pre sale & ICO to expand the project. The rest of the economy will be distributed via our partner network to create market liquidity and reserves for Ubecoin Group future expansion plans. No more Ubecoin will be created.
What countries can Ubecoin be used in?
Ubecoin is borderless and can be used in any country where cryptocurrency is permissible by law.
Can I exchange or sell my Ubecoin on cryptocurrency exchanges?
Not a present. Ubecoin seek to establish a tradable value within our network of merchants on freetradebarter.com and as the demand increases for Ubecoin we will then seek to have Ubecoin listed for exchange.
If I have a general question, who do I contact?
For all queries please email: support@Ubecoin.com
How can I spend Ubecoin?
Please visit freetradebarter.com for a complete list of merchants that accept Ubecoin as a method of payment. All merchants that wish to participate will be listed here in our global business directory.
My business wants to trade in Ubecoin, What is my tax position?
Each country has a different tax position and classification of cryptocurrency. Ubecoin strongly advise that you seek professional advise from a registered accountant or tax agent in your country to clarify your business position and commitments based on your countries tax laws.
When will I receive my Ubecoin if I participate in the ICO?
Ubecoin will be transferred to a compatible ERC20 wallet address supplied by you within 10 days of the completion of the ICO main sale.
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