UBCOIN: Marketplace for Crypto Exchange

collinberg (6)in #cryptocurrency • 6 years ago

While the global community was still grasping with the potentialities and frenzy that came with the introduction of the Internet, technological enthusiasts developed another blockbuster – the Blockchain technology.

The blockchain technology ever since its inception, had received not just widespread acceptance but integration into many other platforms. This proves the fact that the blockchain technology is a jinx-breaker and an imagery of what the future technology holds for us.

Though it had recorded landmark achievements in terms of decentralization and database security in the platforms it was used, the blockchain technology nonetheless had been unable to attain certain heights.

One core challenge the technology faces is the conversion of its popular liquid currency (cryptocurrency) into a more acceptable format. At the moment, cryptocurrencies can only been utilized online especially in the blockchain platform.

Cryptocurrencies have a huge acceptability across the globe and millions of persons are already utilizing it while many others are willing to purchase some. While many investors and crypto dealers regard it an investment opportunity, others directly utilized it to understand the prospects of the blockchain technology.

The acceptability of cryptocurrencies is mostly as a result of its integration and acceptance by many popular platforms; Telegram inclusive. Its acceptability was also informed as a result of users want for a more efficient and safe means of transaction especially on multi-digital platforms.

The Problem with Cryptocurrencies
Though it has huge market potentials and is widely acceptability and greatly admired for its efficiency, cryptocurrencies have been unable to attain full recognition by several governments. Also, it does not have much market value as it cannot be used for physical day-to-day transactions.

At the moment, cryptocurrencies are worth over $350 billion and its customer-base is expected to clock 200 million users by the year 2020. Despite these potentials and its utilization in most online transactions, the challenges facing it has to a greater extent, down-sized its popularity.

A Global Cryptocurrency Marketplace

Identifying and garnering experience from the failure of the cryptocurrency project, UBcoin came up with a way out for the crypto challenge. UBcoin didn’t just come about or bumped into the scene, it had been operational. UBcoin is an off-shoot of Ubank app which had been in existence since 2009 and with over 16 million worldwide installations, Ubank had its app integrated in many smartphones including the Samsung Galaxy 9 flagship.

What you will benefit from UBcoin
UBcoin was developed to be an antidote to cryptocurrency challenges. UBcoin is a global marketplace that makes it possible for buyers and sellers have transactions by utilizing cryptocurrencies. According to UBcoin, its mission is to “empower consumers around the world to invest in crypto and to enjoy the purchasing power of their crypto investments by creating an UBcoin digital marketplace where they can freely and securely buy and sell goods for cryptocurrency”. From this, you can deduce that UBcoin is here to offer both selles and buyers the opportunity of making transactions physically with cryptocurrencies as against the traditional cash payments.

UBcoin Potentialities
UBcoin has many potentialities and this is also in line with the vision of the cryptocurrency industry. With the vision of the cryptocurency market to clock a 200 million user database as against the current 22 million, UBcoin is set to allow these numbers of crypto users utilize their liquid currencies in physical day-to-day transactions.

Because of the potency of online transactions which clocked about 44% of online transactions, UBcoin also aims its target at the over 2 billion expected online buyers by the year 2020. It is also beams its searchlight on mobile device in-purchases that are mostly done by utilizing cryptocurrency.

UBcoin’s potentialities also includes allowing crypto owners and dealers use their cryptocurrency in real world purchase of goods and services just as it enables mere individuals become crypto owners by selling their goods to already existing crypto owners.

In essence, UBcoin aims at making many individuals crypto owners and making the world economy more productive through its enablement of cryptocurrency as a physical means of exchange and transactions on goods and services. Thus, we now have the “power” to discard the traditional fiat currency and cash we use and adopting cryptocurrency as our primary medium of exchange.

Token Allocation
The UBcoin token will be distributed using this format:
45% UBcoin will be used during its Initial Coin Offering (ICO)/Public Placement
31% token allocated to Reserve Pool
12% UBcoin token for the team members of the UBcoin project
5% token for Limited Private Pre-Sale
4% token for UBcoin’s Bounty Advisors
The remaining 3% UBcoin token is set aside for Community Rewards.

Token & Tokensale Details
Token Name: UBcoin (UBC)
Token Price: 1 UBC = 0.000125 Ethereum (ETH)
Platform: Ethereum (ERC20)
Accepted Currency:ETH & BTC