Ubcoin: ebay-like peer-to-peer marketplace
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 goods for cryptocurrency. Ubcoin Market will become part of Ubank app as a new feature.
- Many people want a simple and safe way to obtain a stake in cryptocurrency, but do not know how. They are not miners, not speculators, just individuals who see added value in investing in cryptocurrency. The number of cryptocurrency owners is projected to increase from a current 22 million to over 200 million by 2020.
- Yet these same people are very comfortable with buying and selling on Ebay, Amazon, WeChat, Etsy, Taobao and the like. In 2016, marketplaces accounted for 44% of the world’s $2.44 trillion spent online in 2016.
- Cryptocurrency wallets are primarily concentrated on mobile devices, with over 65% of wallets being mobile. Global smartphone penetration is projected to reach 37% by 2020.
- Global population of digital buyers will surpass 2 billion people by 2020.
1. The user searches for what he really needs, selects the given product and puts it in the basket. After that, this product is reserved for this user.
2. Next, at the expense of the price for the goods, a certain amount is kept from the user's wallet, which is necessary to pay off the cost for this product.
3.Delay already is the delivery and receipt of goods. Upon receipt, the buyer inspects the goods and there will be three options for completing the transaction:
-The user is very happy with the purchase and it suits everything, in that case the money goes to the seller in his pocket, and the goods remain with the buyer and everyone is happy.
-Cancellation of the transaction by mutual decision between the seller and the buyer. At its core, all remain with their own without any loss.
These four pivotal forces combine in the global mobile marketplace where people can: Easily become owners of cryptocurrency by selling goods, Easily spend their cryptocurrency wealth by purchasing real world goods.
The global Ubcoin Marketplace, powered by Ethereum blockchain and the exchangetraded UBC cryptocurrency, enables these endeavors with peer-to-peer smart contracts for buying and selling goods:
- Sellers are interested to receive cryptocurrency for their wares. Utility of settlement + Investment vehicle = mass adoption of digital currency;
- Buyers are realizing the cryptocurrency investment gains and purchasing power, yet are spared the pain and risks of switching between crypto and fiat currency;
- Smart contracts ensure that transactions are seamless, secure, enforceable, transparent and decentralized.
Emission level: No new coins will be created after the token sale expires
Token role: Utility token for contract completion and smart cost
Maximum supply (Hard Cap): 4,000,000,000 UBC
Token Type: ERC20
Sales will be held from April 2, 2018 to May 31, 2018.
The token will have the name: UBC.
The price for this token will be as follows: 1 UBC = 0.000125 ETH.
A total of 2,000,000,000 UBC tokens are planned to be released.
The minimum sales target is 2 000 ETH.
Maximum sales target: 179,000 ETH.
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]