INTRODUCTION
Cryptocurrency continues to be a widely talked about topic among individuals, firms and governments. The massive expansion over the years has caused continued adoption by all especially been that the Blockchain can be integrated into almost any real-life practice. Cryptocurrency has continued to flourish over the years even though some point it might look as if there is no way forward but it's come back breaks the limits as it most likely grows higher and gets a new all-time high.
There are well over a thousand cryptocurrencies and the availability of accessible and convenient exchanges for them make for easy adoption by an average user. The current total market capitalization as of the time of this publication is well over $300 billion and still growing, it's also predicted to be up to $1 trillion by 2020. People get into cryptocurrency for different reasons, some may be in it to make extra money, some maybe for the fun of it so they don't feel left out. But what if cryptocurrency can be easily acquired and also be used to buy and sell goods online? What if there is a special platform devoted to this? This would make trading online much easier and accessible to all no matter the location of the person! Well, good news!
ABOUT UBCOIN MARKETPLACE
Allow me to introduce to you Ubcoin Marketplace, it's an exchange platform that is powered by Ethereum blockchain and has a utility token called the UBcoin crypto currency. The platform enables buying and selling goods backed up by a smart contract, where Sellers who are interested to receive cryptocurrency for their wares meet buyers who realizes the cryptocurrency investment gains and purchasing power and are spared the pain and risks of switching between crypto and fiat currency. These smart contracts ensure that transactions are seamless, secure, enforceable,transparent and decentralized.
These technology allows the Ubcoin Marketplace to ensure safety, executability, intractability and verifiability of a transaction, successfully facilitating peer- to-peer transactions. The team behind Ubcoin has been working together since 2009. They are focused on turning new technology into widely-adopted customer experience. They created Navifon, launched Utalk, and develolped Ubank.
UBANK
Ubank is an app built to ease the task of managing daily finances spread across different banks, cards, services, even countries. Ubank brought it all together in one convenient and intuitive interface. With a total users of 16 million, the app processes tens of millions of transactions using its proprietary payment processing technology.
HOW TRANSACTIONS ARE PROCESSED
- The user who wants to buy the goods from the marketplace clicks on the “buy” button.
- Thereafter the sum equal to the cost of the goods are held in his/her wallet inside the
system. - The buyer and the seller then meet and the goods are examined by the buyer. There are three scenarios of closing the deal:
- the deal is successful
- the deal is canceled by mutual agreement
- the deal is cancelled because either the seller or the buyer refused to proceed with it.
If eventually the parties agree to close the deal, the seller hands over the goods to the buyer, the buyer scans the QR code on the seller’s phone (the QR code is generated for the merchandise when the ad is placed on the platform) and thus confirms the money transfer to the seller’s account. The money is withdrawn from the buyer’s account and transferred to the benefit of the seller. The transaction is considered closed.
TOKEN DETAILS
UBcoin is the utility token of UBcoin marketplace, it’s to be used as payments between buyers and sellers on the platform. It’s an ERC-20 token on the Ethereum Blockchain.
Token Name: UBcoin
Token Ticker: UBC
Total Supply: 650,000,000 UBC
It’s Token sale ends on the 14th of July 2018. It has hit its soft cap a long time ago with its hard cap set at 29,000 ETH.
1 ETH = 9 600 UBC
CONCLUSION
Having done my research on this project especially the team, I can advise you to invest in UBcoin as it’s success is highly guaranteed. The team has handled big projects and didn’t disappoint and I’m confident they would deliver. So if you are into buying/selling or cryptocurrency, get on board now!
USEFUL LINKS
For more information, please visit the links below.
Official website: https://ubcoin.io/
ANN: https://bitcointalk.org/index.php?topic=3109856.0
White Paper: http://doc.ubcoin.io/whitepaper.pdf?v1
Twitter: https://twitter.com/ubcoin
Telegrams: https://t.me/ubcoinmarket
Writer: Dogecoin92
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1275172;sa=summary