UbCoin Proposes A Crypto Currency Based Marketplace
UbCoin is proposed as a model marketplace where real-world goods can be bought and sold using cryptocurrency. It is estimated that cryptocurrency holders would increase by 10 times by the year 2020. The current number of cryptocurrency holders is 22 million. Those who wish to own cryptocurrency can use this marketplace by selling goods for such currency. It is estimated that this approach would be adopted more and more in the coming years. The cryptocurrency market would rise to values nearing $400 billion. What is required is a number of goods and services to be made available in this currency. Though most cryptocurrency transactions nowadays take place online, the mobile commerce market is steadily growing and it is estimated to reach high levels by 2020.
How would UbCoin work?
UbCoin proposes a safe and simple way for service providers and goods marketers to sell their goods and services. Many would like to do so but are unaware of a framework that can provide a safe and secure environment for the same. These are individuals who would like to transact in cryptocurrency and see added value in this form of transaction medium. While most people have gained the confidence to sell and purchase through marketplaces like Amazon, eBay, Taobao and others, the use of cryptocurrency wallets on such platforms are yet to be introduced.
Features of UbCoin
The features of this platform are several such as:
<iframe src="- In this global marketplace is powered by the blockchain technology and Ethereum compatible token exchanges.
- It would allow smart contracts to be formed at peer to peer level.
- Sellers would be interested to receive payment in cryptocurrency mode and this will attract buyers who have cryptocurrency tokens in their wallets.
- Buyers would be encouraged to transact in cryptocurrency and need not have to go through the conversion hassles between digital and fiat currency.
- The smart contract technology will ensure that transactions are secure, seamless, transparent, enforceable and decentralized.
The business model of UbCoin is being built with the confidence that the marketplaces based on cryptocurrency transactions would increase and hence, this framework will also have growing acceptance and popularity.
Team behind UbCoin
This company is founded by a board of advisors that includes business professionals who bring in expertise from related domains. They are headed by Felix Khachatryan who is Founder and CEO. He is known to have considerable expertise in the segment of financial services, being also founder of UBank which is a digital wallet solution for Russian market. He is aided by professionals like Mazhar Jan who is director of product development.
Should you invest in UbCoin?
This is a proposed business that holds promise. Being developed by professionals who have been in the digital finance domain, it is a business that would be executed well. It would hold promise for the cryptocurrency holders in the future. As a result, those who look at potential projects to invest in the future can certainly look at UbCoin and invest in its forthcoming ICO event.Token details
ERC-20 Compatible
Total supply: 4000,000,000
Symbol: UBC
ICO Start date: 2nd Apr 2018
ICO End date: 31st May 2018
ICO Price: 0.00009 ETH
Links
Website: https://www.ubcoin.io/
Whitepaper: http://doc.ubcoin.io/whitepaper.pdf?v1
Telegram: https://t.me/ubcoinmarket
Posted from my blog with SteemPress : https://icoshrimp.com/ubcoin-proposes-a-crypto-currency-based-marketplace/
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