UBIQ is a decentralised platform which allows for the development and deployment of smart contracts and decentralised applications (Dapps). The UBIQ blockchain - which is a globally distributed ledger - is built upon an improved Ethereum codebase, allowing developers to automate thousands of tasks that are currently carried out by third party intermediaries. An example of a task is the listing of a house/apartment for rent or sale. Traditionally, the seller and the buyer would have to arrange a meeting where the contract is signed and the keys are handed over. The seller would have to trust that the buyer will adhere to the payment plan listed in the contract and if not, litigation would have to take place which could entail extortionate fees and the waste of valuable time. Secondly, the contract could be lost or covertly modified by either the buyer or the seller with bad intentions. In this case, It would be the buyer's word against the sellers. Alternatively, the seller could choose to hire a letting agent to deal with the handover of the keys and the signing of the contract. However, this incurs extra costs as the letting agent would have to be paid for their services. Smart contracts allow the automation of this complicated process. The seller would simply encode the agreements listed in the physical contract onto the UBIQ blockchain creating a smart contract. The seller would also deposit the digital access key to the apartment/house into the smart contract, the condition for release being the payment of 100,000 UBIQ tokens from the buyer. The exchange would occur instantly with the transaction and new ownership of the house recorded on the blockchain. There is no possibility of the contract being lost or modified as there are thousands of copies throughout the blockchain recorded on public ledgers. These ledgers are immutable and verified by general consensus. This is the power of smart contracts.
UBIQ is a stable, enterprise-ready build of the Ethereum blockchain. Ethereum is still in its alpha-stages, as a result, the Ethereum blockchain is unstable and consists of many bugs and glitches. This is not an attractive proposition to businesses which require a fully working and stable model that can be immediately and reliably implemented with all of the bells and whistles. The solution is UBIQ, which offers a fully operational platform for the deployment of smart contracts and Dapps. This is the value proposition of UBIQ.
UBIQ attended 3 AI Fintech conferences in Nigeria, Toronto and Vancouver. Through these conferences, major players in the Fintech world are now aware of the value proposed by UBIQ. As the UBIQ team develop and attend more conferences, interest will continue to grow and more major companies will begin to realise the true potential of UBIQ; it is only a matter of time. The Ethereum team were present at none of these conferences, this reflects the fact that the Ethereum blockchain is still in its early alpha phase and that there is no stable and reliable working product to demonstrate.
UBIQ have developed a desktop wallet called the fusion wallet. This wallet allows all of your UBIQ assets to be managed from one place. You can send and receive UBIQ tokens from the wallet, deploy smart contracts and create your own tokens. I must say that the fusion wallet is the best crypto wallet I have had the pleasure of using!
UBIQ currently holds the 43rd position on coinmarketcap.com with a total market cap of $85,000,000. In my humble opinion, UBIQ is grossly undervalued and it has the potential to reach the top 10 in terms of market cap within a few years. The current circulating supply of UBIQ is 37,000,000 coins compared to Ethereum's 92,000,000 coins. UBIQ is a coin with high utility and scarce supply, this can make it very valuable in the future when companies begin to adopt and realise the potential of UBIQ. Buying UBIQ now at $2.30 can be compared to buying Ethereum at the $6 mark (assuming that UBIQ's potential is recognised by the masses). I personally have a stake in UBIQ and I am excited to see how UBIQ develops!
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