What is Ubcoin Market project?
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.
Ubcoin is a mobile app, which brings together sellers and buyers in one convenient marketplace, and facilitates payment in UBC cryptocurrency. The Ubcoin app provides convenient search tools, facilitates payments and regulates business relations between buyer and seller using a set of smart contracts on Ethereum blockchain. The platform will utilize the development of numerous tools for supplying rich information necessary for making decisions in regard to buying or selling products Specifically, extensive and content-rich product descriptions, seller and buyer ratings, reviews, terms of sale and execution of smart contracts.
Initial aggressive media strategy is necessary for quick growth of Ubcoin’s brand recognition and user acquisition. Those efforts will be then followed by creation of active social network communities pertinent to local markets, where users will increase their product awareness, learn about cryptocurrencies and peculiarities of their local regulation, engage and interact with crypto enthusiasts, discover success stories of other users and so on. We view community-building as a cornerstone of long-term marketplace success due to cumulative network and viral effects, which are critical for success in our industry. It also will allow us to gradually reduce direct advertising expense and increase user retention rates, thus positively affecting the bottom line of the business. The speed of international expansion and level of marketing support will be hugely dependent on the success of the Token Sale event.
Ubcoin Marketplace Product
- 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.
POTENTIAL FOR CRYPTO TO GOODS MOBILE MARKETPLACE
Project 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.
Tokens Details:
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.
Start: 02-04-2018
End: 31-05-2018
Cap: 179 000 ETH
Goal: 2 000 ETH
Price: 1 ETH = 11200 tokens
For more information:
website: https://ubcoin.io/
whitepaper: http://doc.ubcoin.io/whitepaper.pdf?v1
telegram: https://t.me/ubcoin
twitter: https://twitter.com/ubcoin
medium: https://medium.com/@ubcoin
Author: tinhkhuat
ETH: 0xe4992c92072435470746e28d274f67f34047986f
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373
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