The First Version of Blockchain-Based Ubcoin Marketplace
Hundreds of millions of people worldwide are interested in cryptocurrency and want to enter the world of crypto investment. But that is not easy to do. Crypto mining requires certain equipment and technical expertise. There is also a complex and unsafe method of fiat / crypto exchange.
Not only are super complex registration procedures, 8 of the world’s top 10 exchanges do not even have a physical office address. It is ironic that the high level of sophistication of the financial sector and the widespread use of advanced payment technology, there is still no easy way to obtain cryptocurrency — the epitome of modern technology today. There used to be only two methods for this — traditional crypto exchange and services like Localbitcoin when you buy crypto from unknown people online.
Cryptococcal capitalization fluctuates about $ 400 billion. But international governments, banks and payment systems around the world are pulling their legs to set clear rules for managing crypto transactions to allow law-abiding citizens to buy and sell physical goods using their digital assets. Most $ 400 billion is ripe for expenditure — conversion into physical assets. Ubcoin’s goal is to empower consumers worldwide to invest in crypto and to enjoy their crypto investment power by creating Ubcoin digital market where they can freely and securely buy and sell cryptocurrency goods.
The exchange will be done in a peer-to-peer manner, governed by smart contracts on the Ethereum blockchain, and will also arrange the purchase of real estate and real estate assets. On the platform will work artificial intelligence algorithms (AI) that will select real assets for sale, check whether they comply with laws and filters that can all be arranged on the platform and ensure seller transparency and loyalty, in order to eliminate risk fraud.
What is Ubcoin Market?
The Ubcoin Market is a global peer-to-peer marketplace where anyone can safely and instantly buy or sell a product or service using cryptocoins (UBC). Ubcoin (UBC) is a utility token that will be used for settlement of smart contracts and fees on the Ubcoin Market. The goal of our company is to empower consumers around the world to invest in crypto and to enjoy the purchasing power of their crypto investments by creating a Ubcoin mobile marketplace.
Until end July 2018 you can take part in token sales organized by Ubcoin, the Blockchain platform that uses models used by online markets like Amazon, Etsy and eBay to create the first efficient alternative to traditional crypto exchange.
Ubcoin users can get cryptocurrency just by selling real goods and spend their crypto wealth by purchasing those items. Ubcoin really got rid of fiat money from this chain. And all this without having to exchange fiat money with cryptocurrency. Basically this is a good first solution where people do not need paper money to buy cryptocurrency the first time.
If you want to exchange euro or dollar to BTC or ETH through one of the many traditional crypto exchange, you are bound to face two major issues:
- Very few traditional crypto exchanges that have legal status, and even many platforms have difficulty establishing themselves formally. They still can not provide any guarantee and this is very dangerous and prone to fraud.
- To buy large quantities of cryptocurrency through such a platform you must undergo a thorough check, it means you must disclose your full personal details. In essence, making the concept of user anonymity — one of the major advantages of decentralized technology, simply disappears.
Ubcoin Crypto-to-goods Exchange solves all these problems by creating a hybrid between crypto exchange and peer-to-peer trading platforms. Nearly 2 billion people regularly shop online and 60% of all internet users buy and sell goods using fiat money on platforms like Amazon, eBay, Etsy, and others.
Ubcoin builds this familiar model and creates a Blockchain platform where real goods are traded with crypto and cryptocurrency as traded assets. You can advertise your phone for sale, find buyers, receive Ubcoin tokens and redeem them into other major crypto currencies such as Bitcoin or Ethereum. This will definitely make it easier for you to get and spend your own crypto.
Token Sale Information
Website: https://ubcoin.io/
Whitepaper : https://ubcoin.io/en/whitepaper
Symbol Token: UBC
PreICO Price 1 UBC = 0.00005 ETH
Price 1 UBC = 0.000125 ETH
Platform: Ethereum
Accepting: ETH
Minimum investment: 0.01 ETH
Soft cap: 2 000 ETH
Hard cap: 29,000 ETH
Country: United Arab Emirates
Conclusion:
Ubcoin Market is developed to become as successful and widely spread as its parenting company. The platform is developed with significant attention to the legal issues. The model of the platform eliminated the need for the third party: that means that Ubcoin Market is profitable for its users.The future of the project is promising
Positives:
- The team is behind Ubank, a well-known payment app that comes pre-installed on Samsung devices (and LG in the future) in multiple countries.
- Advisors are also experienced and respected in their field.
Negatives:
- The idea is not unique and faces a lot of competitions. However, their vision for their project is complete and only require the team to execute.
Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.
WEBSITE | WHITEPAPER | FACEBOOK | TELEGRAM | TWITTER | BITCOINTALK | MEDIUM
Bitcointalk Profile: Pixmartz
Link Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=841835
ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7
