Ubcoin Market Crypto-Goods Exchange

What Is Ubcoin Market?

The Ubcoin is a first of its kind crypto-goods person to-person exchange that is using marketplace platform so that anyone can safely and instantly sell any goods and become cryptocurrency holder or buy any goods and forget about getting fiat money first.

Ubcoin Marketplace is a global mobile marketplace for buying and selling real world goods for cryptocurrency. The number of cryptocurrency holders is projected to increase nearly 10-fold, from the current 22 million to 200 million worldwide by 2020. The simplest way to become an owner of cryptocurrency is by selling goods for crypto. This approach will drive mass adoption in the coming years.

Ubcoin Marketplace Product

Our product is founded on the following cornerstones:

Cryptocurrency mass adoption. (We promote mass adoption of digital assets that are both a means of settlement and an investment vehicle, thereby enlarging benefits for all parties to everyday buy-and-sell interactions).
Peer-to-peer interaction. (Cut out as many intermediaries from the value chain, as possible. The platform facilitates smart contract execution between independent parties. The Ubcoin Marketplace does not own any goods for sale, it is not biased in its search results, and protects fairness of smart contracts.)
Legal marketplace. (We pay special attention to ensuring the legitimacy of goods and services sold on the Ubcoin marketplace. We are developing an advanced AI technology to help pre-screen seller postings for any potential infringements of reason, morality, safety and due care. Seller profile transparency and verification will be strongly encouraged and promoted.)
Decentralization of transactions and settlements. (Blockchain allows for decentralized initiation, settlement and fulfillment of transactions. Payments are immediate upon performance under carefully crafted smart contracts.)
Impeccable interface. (Our interface design brings a harmonious and seamless experience of buying and selling goods globally. We will strive to open our API to the community in order to develop the best adaptation of the platforms for specific local needs of the global community.)
Open community. (Some transactions may, in the future, require additional KYC/AML procedures for execution of smart contracts for certain types of deals involving third-party providers (i.e. delivery companies, couriers, notaries). Ubcoin platform envisions seamless engagement of these parties).

Marketing Strategy

At the initial stages of the project the main focus will be customer acquisition and rapid geographic expansion. While exact timing of entering markets will change, we seek markets with a combination of substantial cryptocurrency investor base or interest therein, warmer regulatory outlook on crypto transactions, underbanked population and proliferation of peer-to-peer transactions. We see significant potential in developing markets of Eastern Europe, Southeast Asia, South Asia, Middle East and Africa, Latin America.

One of the most important goals of ICO is to fund the global expansion. Depending on the success of the crowdfunding effort, we plan to spend between 25% and 40% for international marketing. Another main driver of the growth of business, starting in 2019, is attracting sellers from the SME sector who are more likely to actively use additional paid instruments for promoting the sales of their goods.

Platform structure & Architecture scheme.

Basic system modules:

Authorization service Ubcoin-ID;
Billing system (wallet management, deposit/withdrawal, internal transactions);
Anti-fraud system (AI, internal regulations, ML);
Ad platform (placement and management, premium functionality, catalogue and search);
Auction platform (auction placement and management);
Transaction management system (holding of funds, transaction confirmation, transaction history);
Moderator and system administrator office;
Customer support and arbitration system.

Technical scheme

The Ubcoin Platform applies blockchain technology to create, manage, and operate tokenized cryptocurrency and the platform itself.

Why Choose Ubcoin Market

Native to ecosystem - UBC token is native to peer-to-peer marketplace ecosystem. Smart contracts will not accept other cryptocurrency.
Token buyback program - UBC token holders receive discounts on fees linked to size of their UBC holdings. Incentive for clients to buy and hold UBC.
Team locked-in - Up to 10% of Ubcoins's net operating profits diverted to buyback at 10% above the greater of market or placement token price.
Utility incentive - Significant portion of tokens set aside for growing business, ensuring no new tokens enter into circulation at prices lower than during initial Token Sale.
Reserve pool - Strong vesting and anti-dumping prevention mechanisms.
Burn program - 5% of Ubcoin fees from user transactions are burned to reduce token supply as business grows.

Token Details

Token info