Ubcoin Market ICO review - Crypto-Goods Exchange

Ubcoin is a marketplace where you can exchange goods for cryptocurrency and vise versa. The crypto market and increased 10 fold in the last few years and the online marketplace for buying and selling goods has almost doubled since 2009. Withdrawing cryptocurrency to fiat cash isn't the best option due to the high fee rates and all the other troubles you have to go through. In India, we can no longer withdraw cryptocurrency for cash and so I think Ubcoin market will help people in such countries. Ubcoin marketplace has a real purpose unlike many other simply vague or non realistic projects that fail badly after their ICO. Also, with the help of Ubcoin its safe to say that the whole crypto industry might see a big growth as they are bringing the average public into cryptocurrency market.

Top partners

These are considered to be the current biggest industry giants and with the help of such partnerships, Ubcoin is all set to be the next Ebay of crypto industry. Possibly, if things go as planned then Ubcoin can very well surpass every other online marketplace.

Team

The total team of Ubcoin consists of 56 full time members. They have 4 advisors and the developers team is located in Moscow. The team looks strong and profession with everyone been experienced in the field. The team has been working since 2009 so its been almost 10 years starting with their initial successful project Ubank.

The CEO of Ubcoin, Felix khachatryan regularly interacts with the user base in Q&A sessions on YouTube and keeps us updated on the progress and development. You can also see interview video of Felix where he introduces himself and talks about the project.

The competition

We cant deny the fact that Ubcoin been as mainstream as it is has a lot of competition. They will have to overcome a lot of obstacles and the road ahead wont be that easy. However, the team is unlike any other and with the partnerships and lots of effort I think Ubcoin can be the best online goods exchange marketplace.

Roadmap

2018 is a big year for Ubcoin with its ICO and marketplace launch in Southeast Asia. But 2019 is where the real journey begins with the open API and complete version of app coming out. Looks like America will get the marketplace late after 2020, when they start partnering with companies outside of the crypto industry to increase its growth.

Added extras

They are tying to eliminate the chances of scam listings by developing a AI based technology. They have also developed a AI prototype that takes in words from the user and tries to come up with a category. Although at the moment it is still not completely developed, if you head over to https://ubcoin.io/en/#universe and click on machine learning and just try it our, you will find that its quite accurate and that the team has done a great job developing this. The Ubank app has over a 16mil downloads and more than 5mil registered users so their community is pretty big. Ubank also comes preinstalled on Samsung mobiles in Russia, Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan, Ukraine.

Token

The token will function as the primary source of transaction on the Ubcoin platform and is an important asset to the project. The total supply is 650,000,000 UBC of which 45%, 292,500,000 will be distributed in the ICO. The token sale is divided into 8 stages and the highest bonus is 29% which seems fair. The price of 1 UBC token without any bonus is 0.0001157407 ETH. The ICO is set to end on August 27 but it may end sooner considering the hard cap is about to be reached.

Final thoughts

People nowadays want to get in on the wild crypto ride but are not sure how to buy or are afraid to invest real money or just don't want to deal with the exchanges. They hear about people making a fortune with cryptocurrencies and want to be a part of it. Now, if you have something that you don't need, you can just sell it and get UBC which you can hold or sell for other cryptocurrency. Ubcoin has a rating of 4.8/5 on TrackICO and A on ICOBazaar. Their partnership with Samsung and LG is seriously a big deal and will take the project to great heights!

The team is working hard on the development of the project which can be seen in their weekly updates that they post on their medium(link at the end of this article). They have solid partnerships and have visited China, South Korea for more partnerships lately. Ubcoin has successfully landed token listing on a top 10 cryptocurrency exchange and will soon be listed once the ICO is over. Its the team behind Ubank, an app that comes preinstalled on Samsung mobiles in many countries that develops Ubcoin so we can be sure about their experience.If I have to give a rating I'll say Ubcoin deserves a 8/10! Ubcoin released their first version of market place on July 23 and you can check it out. https://twitter.com/ubcoin/status/1021409328350326789

Ubcoin Links:

Website: https://ubcoin.io
Whitepaper: https://doc.ubcoin.io/wp_eng.pdf
Telegram(1): https://t.me/ubcoin
Telegram(2): https://t.me/ubcoinmarket
Facebook: https://facebook.com/Ubcoin-838741126308809/
Twitter: https://twitter.com/ubcoin
Medium: https://medium.com/@ubcoin
YouTube: https://www.youtube.com/channel/UCRB5FO3TQHqVEQs3kWUkaow
Reddit: https://www.reddit.com/user/ubcoin
GitHub: https://github.com/ubcoin/ubcoin#links
Bitcointalk: https://bitcointalk.org/index.php?topic=3109856.0

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My BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1670619
My BitcoinTalk username: joiker