Ubcoin Marketplace — the next leap forward for Ubank, leading mobile payments app in Eastern Europe. Now with Ethereum blockchain, exchange-traded UBC cryptocurrency, and peer-to-peer smart contracts for buying and selling goods for cryptocurrency.
About Ubcoin Market
Ubcoin Marketplace is a global mobile marketplace for buying and selling real world goods for cryptocurrency.
The number of cryptocurrency holders is projected to increase nearly 10-fold, from the current 22 million to 200 million worldwide by 2020. The simplest way to become an owner of cryptocurrency is by selling goods for crypto. This approach will drive mass adoption in the coming years.
Capitalization of the cryptocurrency market is around $400 billion. There is a great demand to spend that wealth by buying real world goods for crypto.
Nearly half of all online buying and selling activity now occurs in marketplaces, while mobile commerce will soon surpass web commerce as global smartphone penetration reaches 37% of world’s population by 2020.
The Ubcoin Marketplace is not a greenfield project, but an extension of the Ubank mobile app:
- A matured company, existing since 2009,
- Our current product, Ubank, has over 16 million installations worldwide,
- We consist of 50+ developers, top management and advisor talent,
- Ubcoin will enhance and reinvent existing product value proposition,
- Samsung and Fly pre-install our current product on all smartphones, sold in CIS,
- including flagship Galaxy 9.
The token sale seeks to raise financing to expedite development of Ethereum blockchain-based smart contracts, of AI-based screening and KYC technology, and to fund global expansion. Ubank app’s unique distribution model through pre-installation by manufacturers will be scaled to new geographies.
Strategic Partners and Investors
The Ubcoin Marketplace is aligned with a select group of strategic partners, leveraging existing ties to develop a progressive vision for the future of the digital asset economy. Building national and international relationships with innovative companies enables resource-sharing, collaboration, and valuable opportunities to grow our company’s success.
These strategic partners include:
Ubcoin Marketplace Product
Product Value Foundation
Our product is founded on the following cornerstones:
- Cryptocurrency mass adoption. We promote mass adoption of digital assets that are both a means of settlement and an investment vehicle, thereby enlarging benefits for all parties to everyday buy-and-sell interactions.
- Peer-to-peer interaction. Cut out as many intermediaries from the value chain, as possible. The platform facilitates smart contract execution between independent parties. The Ubcoin Marketplace does not own any goods for sale, it is not biased in its search results, and protects fairness of smart contracts.
- Legal marketplace. We pay special attention to ensuring the legitimacy of goods and services sold on the Ubcoin marketplace. We are developing an advanced AI technology to help pre-screen seller postings for any potential infringements of reason, morality, safety and due care. Seller profile transparency and verification will be strongly encouraged and promoted.
- Decentralization of transactions and settlements. Blockchain allows for decentralized initiation, settlement and fulfillment of transactions. Payments are immediate upon performance under carefully crafted smart contracts.
- Impeccable interface. Our interface design brings a harmonious and seamless experience of buying and selling goods globally. We will strive to open our API to the community in order to develop the best adaptation of the platforms for specific local needs of the global community.
- Open community. Some transactions may, in the future, require additional KYC/AML procedures for execution of smart contracts for certain types of deals involving third-party providers (i.e. delivery companies, couriers, notaries). Ubcoin platform envisions seamless engagement of these parties.
Business Model
Ubcoin’s business model is commission and advertising based. The general strategy of revenue stream structuring at Ubcoin’s marketplace is:
- Freemium for sellers;
- Free for buyers;
- Paid advertising.
Commission revenue streams
- The marketplace plans to charge sellers a small commission for each successful sale. For early adopters we will offer two commission-free sales per month. Users, who underwent a simplified KYC procedure, qualify for reduced commission schedule;
- The marketplace will develop a special commission schedule for sale of luxury/expensive items (determined by certain price level), likely as % of sales price;
- The marketplace will charge a share of price excess over minimum sales price for auction-type sales;
- The marketplace will charge a fixed commission for choosing non-standard smart contract schemes through the platform’s contract management tool;
- Buyers will pay no commission.
Advertising revenue streams
- A number of advertising/promotion tools will be made available to sellers in the marketplace, including premium placement, segment targeting, demo targeting, community creation, product/community feeds and blogs, virtual storefront distinction items, bot tools, etc.
Why invest in Ubcoin?
Ubcoin cuts through the hype with a sound application utilizing new revolutionary
technology to bridge the gap between crypto and the real world. Investors are not
betting on an unknown invention or just an idea. The value stems from an experienced
team and a transparent business model solving a real problem and capturing a tangible
opportunity that no one knows better than the crypto investors. Ubcoin Marketplace
seizes the following opportunities :
• How to use cryptocurrency for real world purchases?
• How to obtain cryptocurrency for a newbie mass consumer?
Summary of Project Credentials
• Mature existing company, since 2009;
• Current product, Ubank, has over 16 million installations worldwide;
• 50+ developers and top management and advisor talent;
• Ubcoin will enhance and reinvent existing product value proposition;
• Samsung and Fly pre-install current product on all smartphones, sold in CIS, including
the Samsung’s flagship Galaxy 9.
Summary of Preferences for Early Investors
Summary of Long-Term Value Enhancing Measures
Ubcoin token is native to the peer-to-peer marketplace ecosystem. Smart contracts will not accept any other cryptocurrency for facilitating transactions in the marketplace. As volume of sales and purchases on the marketplace grows, demand for Ubcoin token will organically increase.
Long term value for those tokens starts at utility and their price also relies on supply and demand. In order to manage supply, help reduce volatility and enable persons who need UBC to obtain them, Ubcoin has created a five-pronged approach:
The creation of a Reserve Pool, as described in previous section, ensuring that no new tokens may enter into circulation at prices lower than those paid during Token Sale.
We intend that holders of Ubcoin tokens will be offered discounts on fees based on their overall UBC holdings. The more UBC they own, the higher the discount will be. This will likely incentivize clients to buy and hold UBC, further reducing the available supply.
Reasonable vesting and anti-dumping prevention mechanisms, as set in previous section.
The creation of a Token Buyback Program, funded with up to 10% of Ubcoins’s net operating profits annually.
The creation of Burn Program, which will methodically reduce supply the more successful the business becomes.
Our team
The team behind Ubcoin has been working together since 2009. It currently numbers 50+ developers and top management and advisor talent. We fearlessly focus on turning new technology into widely-adopted customer experience.
QYe1n5SYk/t1.jpg)
FOR MORE INFORMATION :
Website : https://ubcoin.io/
Whitepaper : https://doc.ubcoin.io/whitepaper.pdf?v1
Facebook : https://web.facebook.com/ubcoinmarket/
Telegram : https://t.me/ubcoin
Twiteer : https://twitter.com/ubcoin
Medium : https://medium.com/@ubcoin
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1210304
My ETH Address : 0x14cC709Dd926e3384E6fC4b6E2b13c9570B3796a