Ubcoin is a marketplace that enables traders to own cryptocurrencies through the buying and selling of goods in exchange for cryptocurrencies. If you have been following my posts, you would notice I am a huge cryptocurrency enthusiast and I make reviews about revolutionary projects that are based on the blockchain technology. Since the introduction of the blockchain technology, people have been looking for ways to own several cryptocurrencies; investors turned towards the cryprocurrency space, cryptocurrency traders were born, all these to ensure the ownership of a portion of several cryptocurrencies and I cannot even blame anyone...the cryptocurrency era is here already and the global adoption of cryptocurrency is imminent. Cryptocurrency is viewed by a lot of people as an investment opportunity presented on a gold platter and since the introduction of the blockchain technology, new businesses have kicked off, transactions mostly digital are being done hassle free. Most people who have been aware of cryptocurrencies but had not taken any action towards it are now seeking ways to own cryptocurrencies, others who had not been aware are now coming into the light and why exactly?...the answer is right in front of our eyes; the blockchain technology is the future, it has already been applied to various businesses to help solve the prevalent problems and it hasn't even reached it's peak yet. Ubcoin has tapped into the cryptocurrency demand of consumers and has created a marketplace where people can buy and sell goods and get paid in cryptocurrency, thereby facilitating the investment into cryptocurrencies.
The Ubcoin marketplace is essentially powered by the ethereum blockchain and makes use of smart contracts to enable peer-to-peer buying and selling. The use of smart contracts ensures safe, executable and verifiable peer-to-peer transactions.
The Potential for Crypto-to-goods Marketplace.
By virtue of the buying and selling processes within the Ubcoin marketplace, more people keep becoming owners of cryptocurrencies and other digital currencies and the good thing about this is that the global adoption of cryptocurrencies is being heavily promoted; the global adoption of cryptocurrencies is inevitable but with Ubcoin we can expect it to happen much faster. The Ubcoin also helps eliminates numerous third parties that exist in traditional buying and selling processes and facilitates transactions between individuals in the most secure manner.
With Ubcoin, owning cryptocurrencies has never been easier and not just that; as a trader, we all know what it entails trying to sell and buy goods but buying and selling processes as well as the ownership of cryptocurrencies can never get easier than it is with the Ubcoin marketplace.
Token Details.
The Ubcoin token is a utility token that aids the settlement of smart contracts and fees within the marketplace.
Token name: Ubcoin
Token symbol: UBC
The total token supply of Ubcoin is 4,000,000,000 UBC from which 5% which is equivalent to 200,000,000 UBC would be allocated to the private presale.
45% which is equivalent to 1,800,000,000 UBC would be allocated to the ICO.
12% which is 480,000,000 UBC would be allocated to the team.
4% which is equivalent to 160,000,000 UBC would be allocated to the advisors and the bounty campaign.
3% which is equivalent to 120,000,000 UBC would be set aside for community rewards.
31% which is equivalent to 1,240,000,000 UBC would be set aside as reserve.
The private presale commences on 10th March,2018 and ends on 31st March, 2018 or earlier depending on the time of hardcap attainment which is 21,500 ETH.
The Public tokensale commences on 2nd April, 2018 and ends on 14th July, 2018 or earlier depending on the time of hardcap attainment which is 157,500 ETH. The Public tokensale is essentially in six (6) stages:
Stage 1- 2nd April, 2018- 21st April, 2018 with a 29% discount rate.
Stage 2- 22nd April,2018- 11th May,2018 with a 20% discount rate.
Stage 3- 12th May,2018- 31st May,2018 with a 17% discount rate.
Stage 4- 1st June,2018- 20th June,2018 with a 13% discount rate.
Stage 5-21st June,2018- 10th July,2018 with a 7% discount rate.
Stage 6- 11th July 2018- 14th July, 2018.
Funds Allocation.
Roadmap.
MARCH-MAY 2018
-Conduct limited private presale and tokensale.
JUNE 2018
-Beta Ubcoin marketplace developed for existing Ubank app.
AUG 2018
-Larger development team is formed.
-Beta smart contract platform developed.
-Support and verification team formed.
-UBC token is listed on major exchanges.
SEPT 2018
-Beta testing of MVP through existing app distribution channels with leading smartphone manufacturers.
Q4 2018
-Marketplace launch in SouthEast Asia.
-Basic KYC framework developed.
Q1 2019
-Marketplace launched in Eastern Europe.
-App distribution agreements extended to additional regions.
-Beta open API developed.
Q2 2019
-Launch in Middle East and South Korea.
-Beta AI screening developed.
-In-app support for UBC conversions to/from ETH and BTC.
Q3 2019
-Launch in South Asia and Western Europe.
-Open API made available to developers.
Q4 2019
-Launch in Latin America.
-Full AI screening tool rolled out.
2020
-Marketplace launched in North America.
2020-2022
-Organic growth of the platform.
-Strategic partnerships with non-crypto online marketplaces to enrich customer experience.
-Ongoing improvements of technology to enhance marketplace experience.
Team.
Advisors.
Useful Links:
Website: https://ubcoin.io/
Whitepaper: http://doc.ubcoin.io/whitepaper.pdf?v1
Ann Thread: https://bitcointalk.org/index.php?topic=3109856.0
Facebook: https://facebook.com/Ubcoin-838741126308809/
Twitter: https://twitter.com/ubcoin
Telegram: https://t.me/ubcoinmarket
Reddit: https://www.reddit.com/user/ubcoin
Medium: https://medium.com/@ubcoin
Writer's Bitcointalk username: kitanodebunmi
Writer's Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1298583