Thursday, August 16, 2018

Ubcoin reduces the project hardcap to 29000 ETH and maximum supply to 650 million tokens



WHY?
We have a very vibrant and active community of project contributors, and individuals and institutions that are considering contributing to make Ubcoin the best enterprise it could possible be. The community has been telling us to be more agressive in improving the token economics for the contributors. We listened, debated with the community, bounced ideas with fellow crypto entrepreneurs and crypto traders, debated again, and after long deliberations we have decided to reduce the project hardcap to 29000 ETH and maximum supply to 650 million tokens.
This measure improves scarcity of the token and its economics, yet does not hinder our development pace and market expansion plans.
Softcap reached long ago, the team is burning midnight oil on the technology and design, and we are ever more enthusiastic and confident of success.
The support from the community around the globe has been overwhelming and we appreciate it very much!
So, what does this mean for individual contributors? With reduced supply there are fewer tokens to go around, so they become more valuable.
Ubcoin 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 various payment services. It is more focused on the Russian market. For all the time the company has concluded a number of contracts with many banks that provide cash flow, since Ubank is not a bank. There are also agreements with companies such as Samsung, Fly, Huawei on placing the above applications in their phones by default.
Ubcoin is a mobile application with the help of which users can both sell and buy various goods using the 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, convenient functions and tools will be available, such as tools for promoting advertising and targeting; Advertising statistics (Views, clicks, conversions, reviews, etc.).) and purchase statistics; sales and payment management screens; mechanism of intellectual recommendations, based on previous searches and purchase history; procurement control tools.
Ubcoin Marketplace Application
Cryptocurrency mass adoption
They 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
They pay special attention to ensuring the legitimacy of goods and services sold on the Ubcoin marketplace. They are developing an advanced Artificial Intelligent 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
Their interface design brings a harmonious and seamless experience of buying and selling goods globally. They 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.
ICO information
Token: UBC
Platform: Ethereum
The main sale: 2/4/2108-27/8/2018
Price: 1 UBC = 0.000125 ETH
Accepted Payment: ETH
Soft cap 2 000 ETH
Hard cap 29000 ETH( 7130 ETH raised)
Conclusion
Ubank has been successfully operating in the market since 2009 and inspires confidence of potential investors. The already ready Ubank platform with a large number of existing users does not need a massive investment for promotion. Also this application is preinstalled on smartphones of such large manufacturers as Samsung, Fly, Huawei. The idea itself helps to use the crypto currency as money, promotes the crypto currency to mass use.
If you are seeking a promising ICO for investment purpose then you can participate in the UBCOI ICO. The project is very well prepared from the technical and business side, with very extensive and transparent whitepapers and roadmap. I find that the project is very potential and worth investing. I will participate in this project to contribute to the development of the platform, I hope that the project will continue to grow, wish the project a nice success !
For information please visit links below
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