UbcoinMarket : Cryptocurrency reimagined

Ubcoin Marketplace — the next leap forward for Ubank, leading mobile payments app in Eastern Europe. Now with Ethereum blockchain, exchange-traded UBC cryptocurrency, and peer-to-peer smart contracts for buying and selling goods for cryptocurrency.

The Ubcoin  Marketplace is not a greenfield project, but an extension of the Ubankmobile app:

• A matured company, existing since 2009
• Our current product, Ubank, has over 16 million installations worldwide
• We consist of 50+ developers, top management and advisor talent
• Ubcoin will enhance and reinvent existing product value proposition
• Samsung and Fly pre-install our current product on all smartphones, sol d in 10countries of Eastern Europe and Central Asia, including flagship Galaxy 9

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

Problem Statement

Presently, tens of mil lions of people legitimately own cryptocurrencies. Hundred s 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 seekbenefits of seamless digital transactions and new business opportunities afforded byblockchain 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 ourinspiration 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 meansof obtaining digital currency.

Vision

1. Many people want a simple and safe way to obtain a stake in cryptocurrency, but do not know how. They are not miners, not speculators, just individuals who see added value in investing in cryptocurrency. The number of cryptocurrency owners is projected to increase from a current 22 million to over 200 million by 2020.
2. Yet these same people are very comfortable with buying and selling on Ebay, Amazon,WeChat, Etsy, Taobao and the like. In 2016, marketplaces accounted for 44% of the world’s $2.44 trillion spent online in 2016.
3. Cryptocurrency wallets are primarily concentrated on mobile devices, with over 65% of wallets being mobile. Global smartphone penetration is projected to reach 37% by 2020.
4. Global population of digital buyers will surpass 2 billion people by 2020.

Market Opportunity Analysis

Digital shopping is increasing in prevalence in the world.
The number of digital buyers worldwide is projected to surpass 2 billion individuals by 2020

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 our company’s success.

These strategic partners include:

• Samsung
• Fly
• Runa Capital

Ubcoin Marketplace Product

Product Value Foundation

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.

Product Description and Features

Ubcoin is a mobile app, which brings together sellers and buyers in one convenient marketplace, and facilitates payment in UBC cryptocurrency. The Ubcoin app provides convenient search tools, facilitates payments and regulates business relations between buyer and seller using a set of smart contracts on Ethereum blockchain. The platform will utilize the development of numerous tools for supplying rich information necessary for making decisions in regard to buying or selling products Specifically, extensive and content-rich product descriptions, seller and buyer ratings, reviews, terms of sale and execution of smart contracts. 

Product Target Audience

Ubank surveyed its current users to measure interest in Ubcoin’s potential product:

• 84% indicated their level of interest in cryptocurrencies was “high” or “above average”;
• 79% expressed interest in Ubcoin service;
• 6% indicated they currently already own one or more types of cryptocurrencies;
• Among current cryptocurrency owners, only 2% indicated that they experience no complications when converting crypto to fiat for further spending on goods or services.

Business Model

Ubcoin’s business model is commission and advertising based. The general strategy of revenue stream structuring at Ubcoin’s marketplace is:

1. Freemium for sellers;
2. Free for buyers;
3. Paid advertising. 

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.

• Authorization and security
• Billing system (wallet management, deposit/withdrawal, internal transactions)
• Ad placement. Ad search. Ad management. Categorization. Verification, fraud protection. 
• Transaction execution process 
• Dispute Arbitration Procedures 
• Integration with third parties and delivery services 

Why invest in Ubcoin?

Ubcoin cuts through the hype with a sound application utilizing new revolutionary technology to bridge the gap between crypto and the real world. Investors are not betting on an unknown invention or just an idea. The value stems from an experienced team and a transparent business model solving a real problem and capturing a tangible opportunity that no one knows better than the crypto investors. Ubcoin Marketplace

seizes the following opportunities :

• How to use cryptocurrency for real world purchases?
• How to obtain cryptocurrency for a newbie mass consumer?

Summary of Project Credentials

• Mature existing company, since 2009;
• Current product, Ubank, has over 16 million installations worldwide;
• 50+ developers and top management and advisor talent;
• Ubcoin will enhance and reinvent existing product value proposition;
• Samsung and Fly pre-install current product on all smartphones, sold in CIS, including the Samsung’s flagship Galaxy 9. 

FOR MORE INFORMATION :

Website : https://ubcoin.io/

Whitepaper : https://doc.ubcoin.io/whitepaper.pdf?v1

Facebook : https://web.facebook.com/ubcoinmarket/

Telegram : https://t.me/ubcoin

Twiteer : https://twitter.com/ubcoin

Medium : https://medium.com/@ubcoin

My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1274612