Ubcoin Market is the Easiest Way to Exchange Cryptocurrency

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.

Integration with third parties and delivery services

The existing Ubank app, which Ubcoin Marketplace will become a part of once developed, is a ﬁntech business that relies on close integration with many third-party providers of products and services oﬀered in the Ubank ﬁnancial marketplace. Users can apply for credit and debit cards from several banks, source loans form over two dozen ﬁnancial institutions, purchase insurance from leading insurers, pay to over 4000 diﬀerent service providers. We have also integrated with many payment providers, processors, oﬄine and online businesses that drive value for the marketplace users. Finally, we are already integrated with a number of delivery companies that allow for appto-door service. A plastic card ordered through Ubank is typically delivered to the customer within 1-3 days, and that’s quite a feat in a country that spans 11 timezones and stretches for over 9000 kilometers wide. Over the years we have built great expertise in integration with delivery services and other third-party providers.

Dispute Arbitration Procedures

Smart contract requires both parties to sign oﬀ on settlement of the transaction. The platform holds buyer’s funds in escrow while goods are in transit. Once received, if the goods are not of described quality or condition, the buyer’s funds are not released to the seller. If parties fail to settle amicably on their own, then the platform provides a two-tier dispute arbitration service.

First tier of arbitration consists of two selected Ubcoin users with high enough rating and relevant to the geography, product, type of sale that is in dispute. If the dispute parties are not satisﬁed with the user arbitration, it goes to the second-tier – a Ubcoin arbiter who is a support staﬀ member of Ubcoin. Funds/goods are released to the party found wronged by non-performance of the other party. Guilty party’s rating on the platform is decreased. Repeat oﬀenders are suspended for a limited time. Worst oﬀenders are banned from the platform.

User of the platform are motivated to act as arbiters by a small fee reward and increased proﬁle/user rating for quality arbitration. High user ratings qualify the user for preferential platform fee schedule and access to more premium features of the marketplace.

Information ICO

Token UBC

PreICO Price 1 UBC = 0.00005 ETH

Price 1 UBC = 0.000125 ETH

Bonus Available

Bounty Available

Platform Ethereum

Accepting ETH

Minimum investment 0.01 ETH

Soft cap 2 000 ETH

Hard cap 29,000 ETH

Country United Arab Emirates