If you are planning to invest on any new Altcoin, a background check should be your starting point. With the masses being crypto-aware, the modern investor is looking for a coin that is spendable and offers real world solutions and that is what I have discovered with UBiq (UBQ).
However, you need to do your own check depending on what you are looking for in a coin. UBiq, like most coins is decentralized playing in the peer-to-peer category. My choice for the coin is its usability as an open source platform otherwise I do not want to take you through the technical jargon.
Simply put, UBiq is simple in use and technically robust. It is built on the Ethereum platform but presented to the user in a simple way. Probably this might explain its increasing popularity in the cryptocurrency market. This is also a haven for developers since you have unlimited access to DApp development tools.
Usability of UBiq
Before you use a new product or service, you need to understand how it is going to solve your problem before wasting your time. According to the UBiq official website;
“UBiq is a decentralized platform which allows the creation and implementation of smart contracts and decentralized applications. Built upon an improved Ethereum codebase, the UBiq blockchain acts as a large globally distributed ledger and supercomputer, allowing developers to create decentralized and automated solutions to thousands of tasks which today are carried out by third-party intermediaries”.
I totally agree with the statement above. UBiq forked from Ethereum but that is beside the point. The point here is it seeks to get to a level where Ethereum failed. Forking from the main blockchain meant coming up with a coin that fuels the ecosystem hence the creation of UBQ digital coin.
The role of the UBQ coin is to ensure the entire UBiq system is oiled and all functions are running smoothly. Any transaction or service the platform provides is paid using the in-house coin. If you are having a computation project for instance; you pay using UBQ cryptocurrency.
The cryptocurrency value is based on how holders interact with it. The more you interact with it and pass it along, the more it gains value. Currently the coin can be converted to other major cryptocurrencies and fiat money from exchanges where it is listed.
UBiq (UBQ) Market Value Proposition
UBiq (UBQ) entry into the market has raised many eye brows and has enticed many users due to its use cases. Its price was low and pocket friendly to both the adorer and adopter. If pricing of a new product or service is something that makes you buy into it, it is no brainer that UBQ meets the criteria.
With the overwhelming uptake, the value of UBQ is set to skyrocket in the next few months. The last 7 days for UBQ in the market have been a roller-coaster ride but the coin seems not yet hit its resistance levels. It is currently trading at $2.24 with a marginal gain of 3.07% against the dollar and 2.29% to BTC.
With many Altcoins on the recovery route after the January crypto-crash, UBQ is not left behind but it has a lot of smarting to do before getting back to its all-time high of $6.06. The coin has however been embraced by the investor and Q3 will user in a new trend in uptake and increased value.
With a forward focused developer team and a supportive tight-knit community, there is more in store from the coin to the long-term investor. The platform is very user centric and this bond well with the team in addressing their concerns.
Lastly, the platform spoils the user with a wide selection of wallet. It is up to you to choose between Pyrus CX and wallets that are supported by Linux, Windows or Mac. You can also opt for their home grown Nano S or better still wait for the mobile wallet to be released soon.