Ubcoin marketplace
Introduction
Ubcoin marketplace, a cryptocurrency platform based on the blockchain technology, is a global mobile marketplace where vending and purchases can be made on real-world goods in cryptocurrencies. The Ubcoin is an extension of the Ubank mobile app which has been in existence since 2009 which means that the project is not a totally green idea but was given birth to through successive revolution in technology.
The Ubcoin project was started to usher in a smooth running blockchain mobile marketplace for the ever increasing users of cryptocurrencies. We have had several cases of people having difficulty in buying good s with their cryptocurrencies because of non-acceptance by many online stores or outlets and it tends to pose as a hiccup.
The problem statement
Cryptocurrency is heading to a point where the system will amass general adoption. This is imminent as many view it as an investment means that could bring unbelievable returns while others want the benefits of impeccable digital transactions and new opportunities that the blockchain technology affords.
With the crypto world becoming a global platform for transactions and innovation and a large part of the currencies mature for spending, governments, banks, and international payment systems around the world are still reluctant to put in place clear regulatory measures for all crypto transactions. This has hindered a lot of law-abiding citizens from carrying on with buying and selling of physical goods with their digital assets.
The project solution
The Ubcoin project is concerned with providing a blockchain decentralized ecosystem that empowers consumers globally to enjoy full participation in cryptocurrencies. This will create a seamless and secured digital marketplace that will give the consumers the purchasing power of their crypto investments both for selling and buying of real goods.
Etherium blockchain will be used to power Ubcoin marketplace while transactions will be done with smart contracts on the exchange with UBC cryptocurrency. Due to the use of smart contracts, transactions will be executed in a safe manner it will be verifiable and intractable. These qualities of transactions will facilitate peer - to - peer transactions.
Ubcoin platform structure
The structure of the Ubcoin marketplace platform applies blockchain technology to create, manage and operate a tokenized crypotcurrency. The system has a number of separate modules which are used to effectively carry out the set objectives of the platform.
These modules fall in the authorization and security module. Authorization and security control how a user operates on the platform and also protects the owner of the account from unauthorized usage.
Another module of the Ubcoin application is the billing system. The billing system grants a user access to the Etherium wallet that belongs to the system upon registration. It is to this wallet and from it, other transactions will be made coupled with the user's own Ethereum wallet. All these modules work in consonance with other modules on the blockchain platform.
Token information
The Ubcoin marketplace will operate with the Ubcoin(UBC) token and a total of 650 million tokens are supplied. It is compatible with the Etherium (ERC20) network wallet and the value of the token increase as there is more demand for the token. Ethereum is the only accepted currency for the purchase of Ubcoin token (UBC).
Meet The Team
Website : https://ubcoin.io/en
Whitepaper: https://doc.ubcoin.io/wp_eng.pdf
Telegram : https://t.me/ubcoin
Facebook : https://facebook.com/Ubcoin-838741126308809/
Reddit : https://www.reddit.com/user/ubcoin
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3109856.0
Twitter : https://twitter.com/ubcoin
Writer's details:
Bitcointalk username: mayukus4life
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1777715