The number of cryptocurrency holders is projected to increase by almost 10-fold, from the current 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.
Goal
The platform will use the development of numerous tools to provide rich information needed to make decisions regarding the purchase or sale of goods. In particular, extensive and detailed product descriptions, ratings of sellers and buyers, reviews, terms of sale and performance of intellectual contracts.
The project aims to develop in the markets of Eastern Europe, Southeast Asia, South Asia, the Middle East and Africa, Latin America.
Benefits
- Minimum of intermediaries. With the help of the application, the number of participating links in the sales process is minimized as much as possible. Now this process happens P2P, according to the terms of the smart contract.
- Legal protection. 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.
How does it work ?
The procedure for acquiring goods by the buyer is quite simple, but the presence of smart contracts that ensure compliance by all parties with the terms of the transactions adds extra confidence and reliability. The peculiarity of the Ubcoin Marketplace is that all commissions related to its use, although they are relatively low, are paid by the seller of the goods (which is very reminiscent of the tax system in the states), and for the buyer the commission is completely absent.
Most likely, this is due to the fact that buyers of goods are those participants of the marketplace who pre-purchase UBC tokens, and sellers get tokens directly from the buyers themselves.
The rest of the process of buying goods is not much different from buying a thing in an online store. The user has access to an extensive catalog of products with the ability to search by category. When he finds the necessary thing, he has the opportunity to pay for it with the help of UBC tokens. At the same time, to prevent attempts to abuse the platform, a system that prevents fraud, authorization of users within the framework of the KYC (Know Your Customer) policy, as well as a number of other security measures will function.
Problems Faced by The World
There are three things people are generally looking for from using cryptocurrency. Many people look for the great benefits that can be achieved through the exchange of cryptocurrency. Some people want unlimited and free deals. Others look for opportunities where their business plans can be presented and developed. Cryptocurrency makes itself an active instrument that lives at various levels of the economic system.
The cryptocurrency capitalization and unstoppable growth are the reasons Ubcoin declared the platform it developed. People’s vision is increasingly oriented toward the future, companies hide their business vessels to the digital world that has a wide network. Various organizations and corporations together with the government work together to create rules where people can legally transact crypto, the cryptoccurrency movement is getting bigger.
** For More Information, Visit Us :**
Website : https://www.ubcoin.io/
Whitepaper : http://doc.ubcoin.io/whitepaper.pdf?v1
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Twitter : https://twitter.com/ubcoin
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