My Blog About Blockchain: ICO Ubcoin

Ubcoin Marketplace will change the principles on which the interaction in the crypto-currency world was built up to this time. In this regard, on their account, applications such as NaviFon, Utalk and Ubank are mobile banking, which provides users with tools for managing their funds, making transfers and paying for services. Ubcoin will be the next product in the arsenal of its developers, which will just be a crypto currency add-on to Ubank.

Ubcoin is a solution not only for private users, for whom the sale of things is a one-time action, because they can not sell things all the time. The ideal application of the marketplace will be doing business.

Various shops, including those that work exclusively through the Internet, will be able to use the Ubcoin Marketplace to establish sales for a specific target audience - participants in the crypto-exchange market and holders of UBC tokens.

For such sellers, Ubcoin is a ready-made marketplace with a user-friendly interface through which they can sell their goods anywhere in the world, receiving payment for this not in local currency, but in crypto currency, which in time grows in price in parallel with the profit of such stores.

Next, I would like to talk more about Ubcoin, the company as a whole, and the ICO stages.

Problems

More and more people possess crypto-currencies, according to forecasts, by 2020 there will be more than 200 million users, holders of crypto-active assets. If we consider the problems of online marketing, one of the most important will be fraud on the part of sellers and buyers, all these problems are due to the imperfection of the traditional system of payment. The person selling the product is being deceived. It happens by a very simple scheme, they transfer the goods but do not receive money, or vice versa.

Decision

Ubcoin is perfect in this respect and is able to solve problems by using blocking technology, its own token, and smart contracts.
This project is noteworthy that Ubank application has existed for a long time already, it is an operating company that started its work in 2009. The Ubcoin project is launched by the team of the existing Ubank company. Ubank on this day, has more than 2.5 million active users. Contracts were concluded with such huge corporations as SAMSUNG and FLY, that the Ubank application will be installed by default on every second phone released by these brands. To date, more than 16 million downloads of the Ubank application have been, more than 2.5 million, active users, the application is visited by more than 200 thousand people a day, more than 20 million transactions per year are held in Ubank.

Ubcoin market, will present an application for smartphones with which people can, how to buy any goods for a crypto currency, and sell them. That is, there will be no cash in the application, the payment will be made solely by the domestic Ubcoin crypto currency. It should be noted that this is very valuable, because when using a token inside any ICO project in its ecosystem, the token will eventually grow in value over time. This can be a good moment for investors, as well as for all coin holders, including bounty hunters.

How it works

The user can sell any product using the application, adding the product to the application. Having established its value in tokens, after that the potential buyer can easily buy your goods, after transferring to your internal account (the internal account is also attached to the application and your smartphone) Ubcoin tokens, then you are already transferring the goods to the buyer. Similarly, the buyer acts, he can easily buy tokens through a currency exchange and buy goods for these tokens, or earn these tokens by selling their own goods.

You should consider the process of the transaction:

1. A potential buyer looks after the product of interest to the marketplace and, having determined, adds it to the basket.

2. The goods are reserved, and the amount necessary for its payment is held in the purse of the buyer.

3. Delivery and inspection of goods by the buyer. There are several outcomes:

Successful completion of the transaction, the money is sent to the seller, the goods remain with the buyer.
Cancellation of the transaction by mutual consent.
Cancellation of the transaction unilaterally: either the buyer is not satisfied, or the seller has decided to give the back, for which he will pay a reduction in the rating. If the seller or buyer does not agree with the claims and does not want to cancel the transaction, then this case it goes to arbitration.

Any operation, transaction, transfer of tokens from one person to another will be carried out through confirmation of actions by means of smart contracts, this will guarantee that you will not be deceived, whether you are a seller or a buyer.

This is a quality business that keeps promises. Being based professionals who have been in the field of digital finance, this is a business that will have great prospects. In the future, this will be good dividends for holders of crypto currency. As a result, those who are looking at potential projects for investment in the future can certainly look at UbCoin and invest in its forthcoming ICO event.