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Ubcoin – a global mobile marketplace

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. Capitalization of the cryptocurrency market is around $300 billion. There is a great demand to spend that wealth by buying real world goods for crypto. Nearly half of all online buying and selling activity now occurs in marketplaces, while mobile commerce will soon surpass web commerce as global smartphone penetration reaches 37% of world’s population by 2020.
The Ubcoin Marketplace is not a greenfield project, but an extension of the Ubank mobile app:
• A matured company, existing since 2009
• Their current product, Ubank, has over 16 million installations worldwide
• They consist of 50+ developers, top management and advisor talent
• Ubcoin will enhance and reinvent existing product value proposition
• Samsung and Fly pre-install their current product on all smartphones, sold in 10 countries of Eastern Europe and Central Asia, including flagship Galaxy 9

The token sale seeks to raise financing to expedite development of Ethereum blockchain-based smart contracts, of AI-based screening and KYC technology, and to fund global expansion. Ubank app’s unique distribution model through pre-installation by manufacturers will be scaled to new geographies.

Problem Statement

Presently, tens of millions of people legitimately own cryptocurrencies. Hundreds of millions around the world are aware of cryptocurrencies and would like to obtain them. Many view crypto as a means of investment with stunning returns, and others seek benefits of seamless digital transactions and new business opportunities afforded by blockchain technology. Mass adoption of cryptocurrencies is inevitable and imminent. The cause and credit is owed to many trail-blazing entrepreneurs and visionaries, including the source of their inspiration and object of deepest respect, Telegram. The moment of mass adoption will definitely come sooner rather than later. Consumers need a simple, fast and safe means of obtaining digital currency.
Capitalization of cryptocurrencies fluctuates around $300 billion. Yet the governments, banks, and international payment systems around the world drag their feet in establishing clear rules of regulating crypto transactions to enable law-abiding citizens buying and selling physical goods using their digital assets. A large portion of $300 billion is ripe for spending – conversion into physical assets.

Strategic Partners and Investors

The Ubcoin Marketplace is aligned with a select group of strategic partners, leveraging existing ties to develop a progressive vision for the future of the digital asset economy. Building national and international relationships with innovative companies enables resource-sharing, collaboration, and valuable opportunities to grow their company’s success.
These strategic partners include:
• Samsung
• Fly
• Runa Capital

Technology

The Ubcoin Platform applies blockchain technology to create, manage, and operate tokenized cryptocurrency. The platform operates on Ethereum-based smart-contracts.

Platform structure. Architecture scheme.

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

Source: youtube/Ubcoin Team


For more information, visit the WEBSITE or read the Whitepaper.

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