Ubcoin: next-generation cryptocurrency marketplace
The Ubcoin project is a mobile marketplace for buying and selling things from everyday life for cryptocurrency. To date, the market capitalization of the cryptocurrency is about $ 250-300 billion. It’s time to spend this fabulous sum on something.
The way to popularize cryptocurrency through the mobile market of things is the simplest and most promising, therefore, so many projects are created on this topic and there is a high probability that each of them will take its place in the niche because it is incredibly wide. But it’s not everyone who deserves to be recognized. In this review, we will talk about the potential of the Ubcoin project.
Ubcoin is not a new project, but an improved version of the working mobile application for the Internet of things — Ubank. Service Ubank in the markets since 2009 and has already gathered an active target audience of 16 million people. The number of employees working in the company exceeded 50 people. They are specialists of different sectors, both programmers and marketers.
Among the partners (Samsung and Fly) companies produce smartphones, the software of which is installed by default application Ubank (in 10 countries of Eastern Europe and Central Asia). To date, the company boasts a 16 million audience. Token sale is carried out in order to adapt the service for blockchain and cryptocurrency.
In fact, Ubcoin is a new set of functions, the next logical step in the development of Ubank, and the transition from the traditional fiat economy to cryptocurrency. This is a solution to introduce new technologies, improve the product, and expand the target audience.
Features of the Ubcoin blockchain platform:
- The store is the place where the sellers place goods and services. Developers have improved the categories of products and their descriptions. Smart search system means a lot of filters: geolocation, quality characteristics of goods, cost and seller ratings.
- The platform will use the capabilities of Artificial Intelligence (AI) to optimize the description of goods and create aesthetically attractive to users of visual content.
- For sellers will be placed a convenient office with an interface for creating and managing offers for sale and marketing campaigns (targeting, promotion, etc.).
- Also on the platform will be implemented a cabinet for viewing statistical data: the number of views, reviews, and purchases. Based on these data, you can build a productive marketing strategy.
- The interface for managing sales and payments with a purse for fiat and cryptocurrency.
- The system for managing customer relations (CRM) — software for creating and automatically managing customer behavior strategies (improving marketing, service, etc.).
- Buyers will be able to manage search queries (saved, favorites, viewed earlier) and purchase history. The buyer’s purse also supports both the cryptocurrency and fiat.
- The technology of smart recommendations will offer the best product based on the history of search and recent purchases.
The Ubcoin platform introduces the blockchain technology in its work. This is necessary, so that users can freely use the cryptocurrency in their usual online shopping environment. The platform runs on smart contracts based on Ethereum.
The main components of the platform:
- Ubcoin-ID is a two-factor system for registering new users using e-mail and password integrated with Telegram.
- Account management system: a purse, deposit and withdrawal of funds, and other transactions. The user wallet will be integrated with Ethereum.
- A system for managing offers (placement, management, editing). It is similar to the classic improved boards where you can specify the desired venue, get information about publications and confirmations, etc.
- The security system includes internal rules, ML.
- The user can start the auction.
- Technology of arbitration of conflict situations.
- The transaction management system (payment history, depositing funds on the account, making payments through smart contracts).
To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://ubcoin.io/en and read the whitepaper: https://doc.ubcoin.io/wp_eng.pdf
Also, you can find a lot of useful information here:
Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e
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