Ubcoin
Ubcoin Marketplace is a global mobile market to buy and sell real-world goods for kriptocurrency The number of cryptocurrency holders is projected to increase almost 10-fold, from 22 million to 200 million worldwide by 2020. The easiest way to become a cryptocurrency owner is to sell items for crypto . This approach will encourage mass adoption in the coming years. The market capitalization of kriptocurrency is about $ 400 billion. There is a great demand to spend that wealth by buying real world stuff for crypto. Almost half of all online buying and selling activities are now happening in the market, while mobile commerce will soon surpass web commerce as global smartphone penetration reaches 37% of the world population by 2020.
The Ubcoin Marketplace is not a greenfield project, but an extension of Ubank's mobile app:
• A well-established company, established since 2009
• Our current product, Ubank, has over 16 million installations worldwide
• We consist of 50+ developers, top management and advisory talents
• Ubcoin will improve and rediscover the existing product value proposition
• Samsung and Fly pre-installed our current product on all smartphones, sold on CIS, including the Galaxy 9 flagship. The token sale seeks to increase financing to accelerate the development of a smartic contract based on Ethereum blockchain, from AI-based scanners and KYC technologies, and to fund global expansion. The unique distribution model of Ubank applications through pre-installation by manufacturers will be adapted to new geography.
Problem statement
Currently, tens of millions of people legitimately have cryptocurrencies. Hundreds of millions of people around the world are aware of crypto and want to get it. Many crypto views as a means of investment with stunning results, and others seek the benefits of seamless digital transactions and new business opportunities provided by blockchain technology.
The massive adoption of crypto is inevitable and imminent. The causes and credits are owed to many entrepreneurs and visionaries who pursue their footsteps, including our source of inspiration and highly regarded objects, Telegram. When mass adoption gets done it will come sooner than later. Consumers need a simple, fast and secure way of getting digital currency
Cryptococcal capitalization fluctuates about $ 400 billion. But governments, banks, and international payment systems around the world pull their feet in setting clear rules in managing crypto transactions to allow law-abiding citizens to buy and sell physical goods using their digital assets. Most $ 400 billion is ripe for expenditure - conversion into physical assets. Our company's goal is to empower consumers worldwide to invest in crypto and to enjoy their crypto investment purchasing power by creating Ubcoin digital market where they can freely and securely buy and sell kriptocurrency goods.
How does it work
Ecosystem to exchange goods to cryptocurrency, and back. We bridge the gap between the crypto world and the real world.
What is UbcoinMarket?
Ubcoin Marketplace - the next jump for Ubank, which leads mobile payment applications in Eastern Europe. Now with Ethereum blockchain, UBC currency traded on the exchange, and a peer-to-peer smart contract to buy things for cryptocurrency. The Ubcoin market will be part of Ubank's app as a new feature.
Crypto currency mass adoption
We promote the mass adoption of digital assets that are the means of completion and investment vehicles.
Peer-to-peer interaction
Cut as many intermediaries as possible. This platform facilitates intelligent contract execution between independent parties.
The legal market
We are developing AI technology to pre-screen seller posts for potential fair infringement of reason, morality, safety and care.
Decentralization
Blockchain enables decentralized initiation, completion and fulfillment of transactions. Immediate payments made on performance under smart contract.
The interface is perfect
Our interface design brings harmony and seamless experience in buying and selling items globally.
Go to community
We strive to open our APIs to develop the best adaptation of platforms for specific local needs. Also we envisage the involvement of third-party providers (ie shipping companies, notaries).
Technology
The Ubcoin platform implements blockchain technology to create, manage, and operate tokenized cryptocurrencies. The platform operates on a smart contract based on Ethereum.
Platform structure Architectural scheme The basic system module:
1) Ubcoin-ID Authorization Service;
2) Billing system (wallet management, deposit / withdrawal, internal transaction);
3) Anti-fraud system (AI, internal regulations, ML);
4) Ad platform (placement and management, premium functionality, catalog and
search);
5) Auction platform (placement and management of auction);
6) Transaction management system (recording of funds, transaction confirmation, transaction history);
7) Moderator and office system administrator;
8) Customer support and arbitration system.
Authorization and security
1. User authorization requires an email address and password
a. After authorization, the user enters an email address and a password.
b. If 2FA service is enabled, users must enter additional passwords received through Google Authenticator or Telegram bot.
c. 2FA via Telegram
1. Users add UBCoinBot to their Telegram account
2. Whenever the user enters the application, he presses the button to get password. After that, the Telegram bot generates a new password.
3. To improve security if user data is suspected of being compromised, the bot may prompt the user to send the current location. The accepted location will be compared to the backend software to the location of the user who is trying to access the app.
2. Security of payment transactions and other Ubcoins operations.
A. To make a payment, need to enable 2FA service. In case of money deposit / withdrawal system will ask for 2FA user's password.
b. The security key to the wallet inside the system is stored on a separate server which is different from the one that holds the backend.
Billing system (wallet management, deposit / withdrawal, internal transaction)
1. All Ubcoin wallet operations are performed in the application;
2. After registration on the system, the user receives access to Ethereum wallet,
which are included in the system and connected with the user. To top-up an Ubcoin
the user's wallet is to enter the wallet number he received during registration;
3. To withdraw funds, Ubcoin users must specify Ethereum wallets
which money is transferred. Transactions are protected by password payments.
Token Distribution
The maximum tokens supply will be distributed as follows:
5% Pre-Sales Private Limited 200 000 000 tokens max
45% Public Placement (ICO) 1 800 000 000 tokens max
12% Team Allocation 480,000 000 tokens max
4% Bounty & Advisors 160 000 000 tokens max
3% Community Rewards 120 000 000 tokens max
31% Reserve Pool 1 240 000 000 tokens max
Long Term Token Value
Original to the ecosystem
The original UBC Tokens peer-to-peer marketplace ecosystem. The smart contract will not accept any other cryptocurrency.
Utility incentives
Significant tokens portion is set aside for business growth, ensuring no new tokens that enter the circulation at a price lower than the original Token Sale.
Token repurchase program
UBC token holders receive a fee discount related to their UBC ownership size. Incentive for clients to buy and hold UBC.
Pool reserve
Strong vesting and anti-dumping prevention mechanisms.
The team is locked
Up to 10% of Ubcoins net profit is transferred to a 10% buyback above the market price or a larger placement.
Burn program
Ubcoin's 5% cost of user transactions is burned to reduce the supply of goods as the business grows.
More info, visit :
Website :
https://ubcoin.io/
Whitepaper :
http://doc.ubcoin.io/whitepaper.pdf?v1
Facebook :
https://facebook.com/Ubcoin-838741126308809/
Twitter :
https://twitter.com/ubcoin
Telegram :
https://t.me/ubcoin
Author : Anzal RK
My Bitcointalk :
https://bitcointalk.org/index.php?action=profile;u=1115678ETH : 0x7b56837589A428A507aB76b0Df46BfE7D2fa5C38
