A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Ubecoin is an ERC20 cryptocurrency that can be utilized as a medium of exchange between business merchants and consumers globally.
"The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, Ubecoin's aim is to give power back to the merchants by disrupting the traditional barter model globally and transforming it into a subscription model.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is UBECOIN?
As depicted above and as indicated on the official website of Ubecoin, Ubecoin is an ERC20 cryptocurrency that can be utilized as a medium of exchange between business merchants and consumers globally. UBE Ltd is the Gibraltar company that has developed and generated Ubecoin. Their aim is to give power back to the merchants by disrupting the traditional barter model globally and transforming it into a subscription model. They focus on the provision of a user-friendly E-commerce and entertainment platform Free Trade Barter that provides an easy to access ecosystem. As more and more merchants register on UBEcoin network the the platform and users will be able to benefit from a greater diversification of goods and services globally.
In addition, UBECOIN offers users convenient trading opportunities on the exchange, as well as exchanging cryptocurrency and a unique freelance platform, where employers can search for potential performers and hire them by paying for the work with such popular cryptocurrencies as Bitcoin, Ethereum, and own UBECOIN system tokens. Centralized networks have long been a thing of the past due to the fact that they are not very convenient to use, do not provide constant access to information from different devices, and absolutely do not guarantee the safety, the systematization of information and its security.
The decentralized UBECOIN system is a unique market structure consisting of networks available from a variety of different technical devices. This is very convenient for both users and investors - bypassing of the centralized location allows connecting at any time and anywhere within seconds. Thanks to the decentralized nature of the system, buyers get access to a variety of low-cost offers and the ability to instantly execute a deal with a seller without unnecessary actions, with a guarantee of safety and transparency of the process. Blockchain proved itself in many successful systems, has become the basis of the decentralized UBECOIN system, organizing profitable exchanges between the participants.
It is important that each individual participant of UBECOIN platform will have at his/her disposal a copy of his/her data, which will protect against any kind of fraud. UBECOIN token is easily and quickly transferred between the participants as a guarantee of payment for services. Transactions are executed at any time, and can also be exchanged from cryptocurrency into fiat money directly in a user's wallet.
Ube Ltd’s Mission is to give power back to the merchants starting with its initial Vision of disrupting the traditional barter model globally by transforming it into a community based decentralized subscription model.
According To The Ubecoin Website, below are The Impending Challenges and Solutions Offered by Ubecoin;
High Cost Lock-in Contract
Expensive Transaction Process
Controlled & Closed Source Platform
Inflated Product Prices
The Solutions Offered
Unlimited Free Transactions
Decentralised Open Source Platform
Competitive Product Pricing
Convenient decentralized exchange based on blockchain technology with guaranteed data copies for each user
Functional, maximal transactions are simple and profitable
Minimum fees are compared to other service payment methods – minimal or no commission at all in the system
Remittances are regulated by smart contracts
Personal wallet that is reliable and integrated for each user, where funds are stored and where payments are made. The peer-to-peer system does not require any documents or accounts for cash transactions.
Zero Cash Transaction Fees Ever
On average existing barter platform businesses charge cash fees of 10-13% on each buy/sell transaction. Traditional barter platforms often require joining fees, advertising fees, non-trade fees and lock-in contracts. These fees cut into your profit margin and drastically diminish the advantage of using barter as a means to grow your business.
Ubecoin and Free Trade Barter are 100% cash transaction-fee free. A single annual advertising fee grants access to the Free Trade Barter network and that is it; saving you time and money when calculating your expenses. NO HIDDEN COSTS
You Have Complete Control
Whether you are a business or a consumer you are in control of your account and your balance of Ubecoin at all times.
By decentralising the barter industry on a global scale, Ubecoin and Free Trade Barter are offering business globally with a new core sales channel.
Ubecoin offers direct Business to Business (B2B), Business to Consumer (B2C) and Consumer to Business (C2B) transactions. The transaction is guaranteed by the transparent ledger of the blockchain, which ultimately means the trade is controlled by the merchant instead of the platform.
Security and Accountability
There are thousands of cryptocurrencies, with more being created every day, and they exist in a market which is volatile and unregulated. Ubecoin is a registered company created by experts from around the world in cryptocurrencies, finance and business management. As a registered company, Ubecoin is committed to corporate responsibility, with transparent, measurable and accountable processes and procedures being a core tenet of our company.
Additionally, Ubecoin is ERC20 token standard compliant, meaning it can be stored in any ERC20 compliant wallet.
Near Instantaneous Transactions
Ubecoin requires no financial intermediary or interference from a traditional barter platform provider, Ubecoin transactions can occur near instantaneously on a global scale.
Banks and other traditional systems usually require 3 or more days to process a transaction. The advantages of utilising Ubecoin for trading without delays or interference are obvious to any business looking for a competitive edge.
ERC20 Compliant and the Ethereum Architecture
Ubecoin has the advantage of leveraging Ethereum’s highly established blockchain network.
This means that Ubecoin will be updated with the most advanced security features and will always be on the cutting edge of cryptocurrency technology.
Ubecoin is ERC20 compliant which brings uniformity, reduced complexity and enhanced compatibility. This means the existing consumer base of people who hold approved ERC20 wallets will have instant opportunity to participate in the Ubecoin ecosystem.
Free Trade Barter
Free Trade Barter is a 100% owned subsidiary of Ubecoin which offers a complete global business directory of merchants that accept Ubecoin as a method of payment. With enhanced geolocation search functionality and direct communication, you will always be able to find a merchant no matter where you are in the world.
About The Token Model
UBE Limited has pre-mined 90% of the total utility token allocation for the furtherance of its business activities both now and for the future.As part of our advanced security protocols, only a relatively small number of tokens will be held in multiple “hot” wallets at any one time to disseminate amongst our networks or provide liquidity within the marketplace.
A combination of cold storage techniques will be applied along with real world physical security measures to insure the safe keeping and protection of the digital asset.
Established company in 2014
Seed funding obtained
Developed decentralized Crypto Currency payment platform (Ubecoin)
Launched a trading platform (FTB) as Proof of Concept
100+ merchants subscribed $300 +GST in a capped trial
Buy & Sell inventory using Ubecoin
Rented offices using Ubecoin 12mths
Purchased company products using Ubecoin
Proof of concept completed successfully
Seed funding obtained to further develop company asset and business model
Confirm coin build economy (size of build)
Go to market strategy planning
Engaged go to market launch partners
Consolidate Ubecoin Group Pty Ltd
Launch Free Trade Barter (FTB) Platform
Integrate with all JV partners, Gaming & Entertainment
Launch Free Trade Barter into international markets
Launch Fintech suite of products across all platforms
Develop markets and products fit for Ubecoin expansion
Continue merchant expansion and growth
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.