Ubcoin - Cryptocurrency Powered Marketplace

Introduction:

Remember those days in the early 90s when we had to drive a few miles on our cars to visit the local supermarket just so that we could lay our hands on a household item that we need or just to satisfy our urge of shopping? I am talking about the days when there was no Amazon and no eBay. People used to travel all the way from their home to the neighborhood marketplace with a pre-made list of items to be purchased. 'Shopping' then was an altogether different concept.

Fast forward a decade and a half and everything is changed. The word shopping has been redefined. Today's youth, especially the millennials might not even understand how the scenario was back then. All you need to buy that dress that your friend wore to the dinner party last night, or that shiny new laptop is just a smartphone! Go online, find what you want in a few clicks, confirm your order, and then get the item delivered at your doorstep – neatly packed with love. Simple, isn't it?! Online shopping has become so convenient that people in developed and developing countries as well are shifting the way the they shop – from offline to online.

Consider another marvel that you already might have heard a lot about if you are not living under a rock – cryptocurrencies. Just like Amazon and eBay revolutionized the concept of shopping forever, cryptocurrencies have so far been able to address some of the major problems faced by people when it comes to transacting in digital currencies. Ever since the advent of Bitcoin in early 2008, thousands of cryptocurrencies have been established to address issues such as cross-border payments and instant transfer of funds, while not compromising on the security of the ecosystem. This has yielded amazing results and have pushed the total market capitalization of cryptocurrencies to a staggering US$500 billion. Imagine a market not even existing a decade ago, and today standing at US$500 billion! This is only the beginning, as cryptocurrencies are still at a nascent stage. As more and more people adopt and use cryptocurrencies, the value of the market as a whole will only increase.

Now what is the correlation between online marketplaces (e-commerce platforms) and cryptocurrencies? Both are revolutionary ideas that can make our lives easier and safer in so many aspects. Online shopping can save time and effort – we get the items delivered to our doorstep even without stepping out from our home. Cryptocurrencies on the other hand facilitate smooth transfer of funds from one person and another, while securing the transaction using complex algorithms. Everyone wants to own cryptocurrencies today, owing to its massive valuations. Imagine combining an online marketplace with cryptocurrency…….

The Ubcoin Marketplace:

Since the cryptocurrency marketplace is very nascent at this stage, there are very few ways to actually own cryptocurrencies. Majority of the people who own these buy it from cryptocurrency exchanges. However, it is a very cumbersome process to register with the exchanges, get credit cards approved and so on. Ubcoin is a marketplace that will allow sellers to accept the default cryptocurrency of the ecosystem – the UBC. Buyers can use UBC to order items of their choice from the marketplace. All the logistics involved to deliver the goods from the seller to the buyer will be taken care of by the Ubcoin Marketplace itself, in return for a small fee. Now the question arises – how to get UBC coins?

The ICO, the coin and the team:

The Ubcoin team is offering UBC at a very discounted rate through an Initial Coin Offering from 2nd April, 2018 till 14th of July, 2018. The rate fixed for ICO is 9600 UBC for 1 Ethereum. The UBC is based on the Ethereum blockchain and is a standard ERC 20 token. Smart contracts, which can automate transactions can easily be deployed for UBC token since it is based on the Ethereum blockchain. The Ubcoin Marketplace is being lead by the Ubank, which already has more than 5 million trusted customers worldwide. The team has already established three major highly profitable business models.

Conclusion:

The Ubcoin Marketplace is a revolutionary concept that binds cryptocurrencies to an online marketplace. This is a very welcome move since cryptocurrencies are bound to mass adopted sooner or later. The ease of shopping online combined with the fluidity of paying with cryptocurrencies – this is indeed a game-changing strategy! Early investors or sellers (who accept cryptocurrencies for goods) can exchange UBC for other tokens once the platform is live and the coin is traded across multiple exchanges.

I feel that it a very strong project, lead by a wonderful team. Blockchain has revolutionized many aspects of our lives. This is another domain which the blockchain can reshape.

Website - https://ubcoin.io/

Whitepaper - https://doc.ubcoin.io/english_1.6.pdf?v3

ANN - https://bitcointalk.org/index.php?topic=3109856.0

Telegram - https://t.me/ubcoin

Published by - prince0200

Profile - https://bitcointalk.org/index.php?action=profile;u=1807689