Overview of ICO Ubcoin. A new market for crypto-enthusiasts?

According to forecasts, by 2020 the number of holders of crypto-currency assets will increase by 10 times. Agree, the forecasts are impressive. But even today there is a problem of lack of wide opportunities to acquire and sell goods for crypto currency. It's not about individual shops or services (which are also not very many), accepting in addition to fiat and electronic money. It is a question of more global markets, which will also be presented on the Internet. And now considering this problem, you need to pay attention to a very interesting project - Ubcoin Market.

About the project.

Ubcoin Market is a project developed by the Ubank team. This company has been operating since 2009 and already has many specific developments. So, by 2011 mobile applications NaviFon (navigation), and Utalk (messenger) have already been launched. In 2013-2014, launched a mobile application Ubank, which includes a variety of payment services. It is more focused on the Russian market. For all time of activity, the company has concluded a number of contracts with many banks that provide cash flow, since Ubank is not a bank. Also, there are agreements with companies such as Sumsung, Fly, Huawei on placing the above mentioned applications in the phones of these companies by default.

What is Ubcoin Market? Ubcoin is a mobile application with the help of which users can both sell and buy different goods using crypto currency, namely, using the internal tokens of this application - UBC. In fact, it will be a trading platform, which provides for the creation of comfortable conditions for both buyers and sellers. For each of them, there will be available convenient functions and tools, such as tools for promoting ads and targeting; Ad statistics (views, clicks, conversions, reviews, etc.) and purchase statistics; sales and payment management screens; the mechanism of intellectual recommendations, based on previous searches and purchase history; purchase control tools.

The main advantages that Ubcoin has is: 

• The minimum of intermediaries. With the help of the application, the number of participants participating in the sales process is minimized as much as possible. Now this process happens P2P, according to the terms of the smart contract. 
• Legal security. The company takes maximum measures for the legitimacy of goods and services on the Ubcoin market. Profiles of sellers will be checked, and any potential violations will be excluded.
• Decentralization. The appendix provides that the initiation, settlement and execution of transactions will be recorded in the block. Thus, all the necessary information will always be available, and, very importantly, no one can change it.
• Interface. The interior of the application is designed taking into account the best world trends, and is designed to create the most convenient conditions for both the seller and the buyer.

In the future, Ubcoin will be integrated into the already existing Ubank application.

Selling tokens.

Token - UBC 
Private pre-sail - March 10 - March 31, 2018 (for investors from 5 ETH and more) 
Token-Saving - April 2 - May 31, 2018 
Price of the token - 0.000089 ETH 
The minimum amount of fees is 2 000 ETH 
Maximum the amount of fees - 179 000 ETH 
Created tokens - 4 000 000 000 UBC  

Distribution of tokens: 
5% - private pre-sial 
45% - ICO 
4% - bounty pool and advisors 
12% - team (tokens will be blocked 6 months after the distribution date)31% - reserve fund 
3% - community awards

Using tokens

The UBC token (created on the blockbuster Ethtereum) will be the only used currency on the Ubcoin market. Neither the tools nor any other tokens will be used on this platform. Also a thoughtful system of encouragement for holders of UBC tokens: depending on the number of these tokens on the user's account, he will be offered all sorts of discounts. It is envisaged that with the help of the reserve fund, the team will be able to prevent speculation in the market with respect to the UBC tokens, and keep its course. Another solution will also be implemented, which will help to strengthen the price of the token, namely, burning 5% of the commissions of all transactions on the platform.

Rating  

Command

The team consists of more than 50 employees. The founder and CEO of Ubank is Felix Khachatryan (on the project site, there is a link to his profile in LinkedIn). The team's experience since 2009 and already implemented projects speak for themselves. During this time, the team was able to raise money for the implementation of previous projects (for example, $ 8 million from one of the leading Russian venture capital funds - Runa Capital). Ubank has been successfully implemented in Eastern Europe, but now the project team plans to expand the audience of its users. Project consultants are not just here as "advertising persons", whose goal is to attract a large number of investors, but in fact they are partners with a long-term perspective of cooperation. 

Outcomes  

Everyone should make a decision independently or not to take part in the token-sail. Concerning the idea of ​​this application, it must be said that it is not new and not original. We have already heard about the creation of such platforms many times, that's why a lot depends on implementation. A huge plus, is that the project has a very good team with a lot of experience. The advantage among the competitors is an agreement with Sumsung, Fly, Huawei on the deployment of the Ubank application (which will be integrated into Ubcoin Market) in the phones of these companies by default. This will increase the number of users many times.

It should be understood that Ubcoin is more aimed at owners and users of crypto-currency assets. It is unlikely that many ordinary buyers of Fiat will use this application, since they have the opportunity to pay for products or services in a more familiar way. But, every day the number of people connected with the crypto currency in one way or another, will come back. And this means that such an application will be in demand.

Author by: thomas_sugiarto

https://bitcointalk.org/index.php?action=profile;u=1350842