Would you like to have a convenient crypto currency,for which you can buy and sell everything? Introducing the project Ubcoin – this is something that we have long dreamed of! In the end, the crypto currency is the future of mutual settlements. The Ubcoin market under construction, the easiest way to make exchanges with online crypto on real tangible goods or vice versa.
About the project
Ubcoin Market is a project developed by the Ubank team. The work of the Ubank team began in 2009, and has already managed to release many successful developments. In 2011, the navigation application NaviFon and the Utalk messenger were launched. Ubank – a mobile application with a variety of payment services was launched in 2013-14. Let’s note, the last development is almost completely oriented to the Russian-speaking market segment. Ubank itself is not a bank, so the project concludes agreements with various banking organizations, and the list of partners grows every year. There are arrangements with Samsung, Fly and Huawei. Popular smartphone manufacturers agreed to host the application as default in their new devices.
What can Ubcoin Market give us? In general, what can be said about Ubcoin is a mobile application, with the help of which everyone can engage in free trade of crypto currency. To perform these operations, you can only use internal system tokens – UBC. In general, we have a real trading platform, which promises to be convenient for both buyers and sellers. What is convenience, the advantage over classical systems? First, there will be a very convenient and flexible setting for advertising and promotion of goods. In addition, statistics on your ads will be available (your views, clicks, conversions, reviews, etc. will be tracked and drawn) and also on your purchases. In the work will include screens for managing sales and payments, will earn the mechanism of intellectual recommendations, based on previous searches and purchase history. And, among other things, many tools will be available.
The advantages of Ubcoin:
– Legal protection. In questions of legitimacy of all kinds of services and goods that we will see on the market of the Ubcoin project, the creators and owners of the platform will be sure. Profiles of sellers will be checked, and any potential violations will be excluded.
– Almost no intermediaries. Because the entire process is now built not on centralization, but under the P2P scheme using smart contracts, then one can be sure that many intermediaries who were on classical sites will simply not be needed here.
– Interface. Developers are very sensitive to the internal appearance, using the best world practices. You can be sure – there will be convenient conditions for both the seller and the buyer, all the functionality will be located in intuitive places.
– Decentralization. As you may have guessed, all operations within the project, including initiation, settlement and conclusion of transactions will be stored in the blockchain. All actions will be saved and no one can change their history.
The minimum amount of investment is 0.01 ETH, soft-cap of the project – 2 thousand ETH. Hard-cap – 179 thousand ETH. The project is legally registered in the Russian Federation and the United Arab Emirates. Whitepaper is not yet available.
Pre-sale. In the period there was an impressive discount of 57%. The event was held from 10 to 31 March. The hard cap was 7,000 ETH.
ICO. The minimum purchase amount is 0.01 etherium. The event began on April 2 and could last until July 14 at most, but judging by the online sales line posted on the site, a hard cap of 63,000 ETH can be reached in early May.
During the sales period a flexible bonus system operates. During the pre-purchase, tokens could be bought with a bonus of 57%, in the first period of sales (from April 2 to April 21) – the buyer’s support was 29%. From April 22 to May 11 – 20%, from 12 to 31 May – 17%, then, in June, there will be 2 more bonus periods with the support amount of 13% and 7% respectively. By the way, the bonus will also depend on the size of the fee – for example, during the stage with a 20% bonus, when you buy tokens worth more than 300 airs, you will get a 44% discount!
How will all the tokens be distributed?
– 31% or 465 million tokens – pool of the reserve;
– 3% (45 million tokens) community awards;
– 4% share of advisors and bounty campaigns;
-12% team share;
– 45% (675 million tokens) will be sold in the current ICO;
– 5% was sold on private sales of pre-sales.
How will the collected funds be distributed?
– 8% share of legalization and KYC;
– 40% will go to the needs of marketing;
– 35% pool of further development of the project;
– 17% will be spent on distribution of applications.
Presented in 8 languages, qualitatively translated from English into Chinese, Japanese, French, German, Spanish and Portuguese. Unfortunately, into the Russian site is not translated. Closer to the end of the site, you can find a question-and-answer unit, thanks to which you can quickly understand the project. Website design is simple and straightforward, without excessive advertising and subscription.
Qualitatively elaborated document is laid out on the site in a variety of languages: except English is also available in Chinese, Spanish, Korean, Japanese, German, French, Italian, Hindi, Arabic, Vietnamese and Indonesian. Also, judging by everything, it is planned to translate in the near future into Portuguese. In the English version, the document occupies 54 pages, on which there are many bright and well-designed diagrams and flowcharts along with clearly structured text.
On the site you can find an 8-page document on technology. It contains only a selection of all the necessary information about the technology for the average investor.
Also on the site there is a one-page presentation document, there are variants in English and Korean, but a mass translation into many other world languages is also planned.
Only a multinational team can create a truly world-wide project aimed at developing the world over. The site lists 6 members of the main team and 4 advisors. The group includes representatives of different powers – Russians, Koreans, Americans, British and Canadians. There is even a specialist from Israel.
As of April 28, with the popularity in social networks everything was even more than normal. In the official channel in Telegrams – 1142 readers, Twitter – 20700, Facebook – 11971, Medium – 207, YouTube – 2969. There is a profile in the reddit. In the official profile of the project, 72 commits have already accumulated on the githab. True, the profile in bitcointalk, which also represents the bounty campaign of the project, is just a Member level.
The total number of system tokens allocated for partnerships in social networks is 4% of all coins (60 million UBC), which is now roughly equivalent to 5400 ETH. What is noteworthy, the project paid much attention to video content, as a percentage of funds for taxes are much more allocated than most other projects do.
How will the funds allocated to the bounty be distributed?
– 25% subscriptions in bitcointalk;
– 15% – the share of the blog and media spheres;
– 15% will go to video content;
– 10% translations;
– for support in Twitter and FB is allocated 10%;
– 10% community support;
– the remaining 5% will go to Telegram.
The events indicated here develop from March 2018 to 2022. In June, a beta version of the Ubcoin Marketplace will be introduced – a blockchain application. In August-September, the company will actively expand the team. Beta-testing MVP will be held in September. In the fourth quarter of this year, the project will enter the markets of South-East Asia, and at the beginning of the next – the markets of Eastern Europe. Next, within a year, the project will be launched in different regions of the planet.
The growth of the popularity of crypto currency is inexorable. Most likely, in the coming years, whether we like it or not, the mutual settlement between people and between organizations will smoothly turn into a blockchain. Technologies give us a lot of opportunities, which you could only dream of earlier. In any case, all the forecasts promise the growth of crypto assets all over the world over the next three years. If you pay attention to the leading reining platforms, you can see that the experts consider the project to be reliable and promising. Our attitude to the project is extremely positive.