What is Ubcoin Market?
Ubcoin Marketplace is a global mobile marketplace for buying and selling real world goods for cryptocurrency.
The number of cryptocurrency holders is projected to increase nearly 10-fold, from the current 22 million to 200 million worldwide by 2020. The simplest way to become an owner of cryptocurrency is by selling goods for crypto. This approach will drive mass adoption in the coming years.
Capitalization of the cryptocurrency market is around $400 billion. There is a great demand to spend that wealth by buying real world goods for crypto.
Nearly half of all online buying and selling activity now occurs in marketplaces, while mobile commerce will soon surpass web commerce as global smartphone penetration reaches 37% of world’s population by 2020.
The Ubcoin Marketplace is not a greenfield project, but an extension of the Ubank mobile app:
A matured company, existing since 2009,
Our current product, Ubank, has over 16 million installations worldwide,
We consist of 50+ developers, top management and advisor talent,
Ubcoin will enhance and reinvent existing product value proposition,
Samsung and Fly pre-install our current product on all smartphones, sold in CIS,
including flagship Galaxy 9.
The token sale seeks to raise financing to expedite development of Ethereum blockchain-based smart contracts, of AI-based screening and KYC technology, and to fund global expansion. Ubank app’s unique distribution model through pre-installation by manufacturers will be scaled to new geographies.