Ubcoin ICO Review

- April 17, 2018

Ubcoin Market is a project developed by the Ubank team. This company has been operating since 2009 and already has many specific developments. So, by 2011 mobile applications NaviFon (navigation), and Utalk (messenger) have already been launched. In 2013-2014, launched a mobile application Ubank, which includes a variety of payment services. It is more focused on the Russian market. For all time of activity, the company has concluded a number of contracts with many banks that provide cash flow, since Ubank is not a bank. Also, there are agreements with companies such as Sumsung, Fly, Huawei on placing the above mentioned applications in the phones of these companies by default.

What is Ubcoin Market?
Ubcoin is a mobile application with the help of which users can both sell and buy different goods using crypto currency, namely, using the internal tokens of this application - UBC. In fact, it will be a trading platform, which provides for the creation of comfortable conditions for both buyers and sellers. For each of them, there will be available convenient functions and tools, such as tools for promoting ads and targeting; Ad statistics (views, clicks, conversions, reviews, etc.) and purchase statistics; sales and payment management screens; the mechanism of intellectual recommendations, based on previous searches and purchase history; purchase control tools.

The main advantages that Ubcoin has is:

The minimum of intermediaries. With the help of the application, the number of participants participating in the sales process is minimized as much as possible. Now this process happens P2P, according to the terms of the smart contract.
Legal security. The company takes maximum measures for the legitimacy of goods and services on the Ubcoin market. Profiles of sellers will be checked, and any potential violations will be excluded.
Decentralization. The appendix provides that the initiation, settlement and execution of transactions will be recorded in the block. Thus, all the necessary information will always be available, and, very importantly, no one can change it.
Interface. The interior of the application is designed taking into account the best world trends, and is designed to create the most convenient conditions for both the seller and the buyer.
In the future, Ubcoin will be integrated into the already existing Ubank application.

Selling tokens.

Token - UBC
Private pre-seyel - March 10 - March 31, 2018 (for investors from 5 ETH and more)
Token-Seleur - April 2 - May 31, 2018
Price of the token - 0.000089 ETH
The minimum amount of fees is 2 000 ETH
The maximum amount of fees is 179 000 ETH
Created tokens - 4 000 000 000 UBC

Token distribution:
5% - private pre-sales
45% - ICO
4% - bounty pool and advisors
12% - the team (tokens will be blocked for 6 months after the date of distribution)
31% - reserve fund
3% - community awards

Using tokens

The UBC token (created on the blockchain Ethtereum) will be the only used currency on the Ubcoin market. Neither the tools nor any other tokens will be used on this platform. Also a thoughtful system of encouragement for holders of UBC tokens: depending on the number of these tokens on the user's account, he will be offered all sorts of discounts. It is envisaged that with the help of the reserve fund, the team will be able to prevent speculation in the market with respect to the UBC tokens, and keep its course. Another solution will also be implemented, which will help to strengthen the price of the token, namely, burning 5% of the commissions of all transactions on the platform.

Road map

2006-2011
• NaviFon launch - Mobile navigation application.
• Utalk launch - client crossplatform messaging.
• Preinstallment agreement with Samsung.
• Ubank Trademark Registration.

2013-2014
• Ubank launch.
• Preinstallment agreement on the fly.
• Ubank raised $ 8 million in investment from the Runa capital, the leading Russian venture investment fund.
• More than 3 million users.
• Preinstallment agreement with Huawei.

2015-2017
• Strategic partnership with MDM Bank.
• The shared card is running.
• Ubank model of the financial market launched.
• 6.1 million downloads the Ubank app on Google Play.
• Strategic partnership with Sovcombank.
• 12 million downloads from the Ubank app on Google Play.

2018-WE HAVE COMPLETE HERE
• Beta Smart Contract Platforms are developed.
• Support and validation of team formed.
• Beta testing MVP through the existing marketing channels app from leading smartphone manufacturers.
• MVP launch in Eastern Europe.
• The main LAS framework is developed.

2019
1Q
• Full version of the app launched in Eastern Europe.
• App Distribution Agreements extended to additional regions.
• Beta open APIs developed.
2Q
• Launch to the Middle East and South Korea.
• Beta AI screening developed.
3Q
• Launch in Southeast Asia and South Asia.
• Open Developer APIs.
4Q
• Launch in Latin America.
• Full AI screening tool is deployed.