UbcoinMarket new platform

Ubcoin Platform

Ubcoin Market is a project developed by Ubank team. The company has been operating since 2009 and already has many special developments. So, in 2011 NaviFon (navigation) and Utalk (messenger) mobile apps have been launched. In 2013-2014, Ubank launches the Ubank mobile app, which includes various payment services. It is more focused on the Russian market. During this time the company has completed a number of contracts with many banks that provide cash flow, because Ubank is not a bank. Ubcoin is a mobile app with the help of where users can sell and buy various items using crypto currency, which is using this application's internal token - UBC. In fact, it will be a trading platform, which provides to create comfortable conditions for buyers and sellers. For each of them, easy-to-use functions and tools will be available, such as tools to promote ads and targeting; Ad stats (Views, clicks, conversions, reviews, etc.).) And purchase statistics; sales screen and payment management; intellectual recommendation mechanism, based on previous searches and purchase history; The basis for the Ubcoin Marketplace - the smart contract of Ethereum Blockchain, which provides proper transaction protection, speed and safety of their behavior. In addition, it is a blockade that acts as a guarantor of the reliability of cooperation between the parties so that they can trust each other safely, work directly with each other, eliminate intermediaries and high risk.

The developers UBank fairly well-known. Their app works on many smartphones. While they have agreements with such giants as Samsung and Fly, due to which the app is already installed as standard on the new models of phones. And this application is necessary for convenient contactless payment for goods via smartphone. If the application already has more than 2 500 000 active users and 16 000 000 downloads from mobile application markets.The project will work with the help of artificial intelligence, which in turn will ensure the safety of users against fraud, and will choose the currency preference for payment.

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:

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.

Ubcoin Platform Features

Before describing the Ubcoin features It must be noted that Ubcoin application was developed as a logical step in the development of Ubank, a popular mobile payments application in Eastern Europe.

Possibility to process seamless digital transactions afforded by blockchain technology;
Direct manufacturer-to-customer interaction thus more attractive pricing for buyers and sellers;
Pre-screening engine for product descriptions, content and user reviews;
Enhanced search engine based on geography, ratings, reviews, prices, and product descriptions;
Fast conversion between crypto and fiat currencies in the process of buying/selling goods;
Transparent and secure transactions due to smart contracts facilitating peer-to-peer interactions;
Convenient tools for sellers and buyers which include: managing, promoting and targeting sale posts, statistics section, payment management screens, seller's and buyer's cryptowallets, saved favorites, smart search and recommendations engine etc.

How does it work

The procedure for obtaining goods by buyers is quite simple, but the existence of smart contracts that ensure compliance by all parties with the terms of the transaction adds extra trust and reliability. The peculiarities of the Ubcoin Market are that all commissions associated with its use, albeit relatively low, are paid by the seller of goods (which is very reminiscent of the tax system in the state), and for commission buyers is absolutely nonexistent.Most likely, this is due to the fact that buyers of goods are those who become market participants who buy UBC pre-purchase tokens, and sellers get tokens directly from the buyer itself.The rest of the process of buying goods is not much different from buying something in the online store. Users have access to an extensive product catalog 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 the UBC token. At the same time, to prevent attempts of misuse of platforms, systems that prevent fraud, user authorization within the KYC policy framework (Know Your Customer), as well as a number of other security measures will work.

Token details

Token Name: UBCoin

Token Symbol: UBC

Token network: ERC20

Maximum supply: 4 billion tokens

Soft cap: $2 million

Hard cap: 179 thousand ETH (approx. $68 million @ ETH = $380)

Token Supply Distribution

The maximum supply of tokens in Ubcoin will be allocated as below :

3% discount for community rewards. There are 120 000 000 tokens max for this discount
4% discount for advisors and bounty. There are 160 000 000 tokens max
5% discount of 200 000 000 tokens for limited private pre-sale
12% discount for team allocation with tokens max 480 000 000
31% discount of 1 240 000 000 tokens max for reserve pool
45% discount for 1 800 000 000 tokens max for public placement (ICO)