Ubecoin is a blockchain solution with the aim of no less than the complete disruption of the traditional barter market globally. Ubecoin ICO rating – 61
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Active ICO : 05/06/18 – 31/07/19
Roadmap: 4/10 Legal: 4/5 ICO terms: 4/5
Team: 14/20 Token applying: 2/5 Promotion: 11/20
About Ubecoin ICO (token sale)
Ubecoin ICO is focused on providing a user-friendly platform for E-commerce, by providing easy access into the Ubecoin ICO ecosystem which will enable rapid growth in the cryptoeconomy. A cryptoeconomy is the techno-economic model built on the technology of the blockchain. Institutionally considered, a cryptoeconomy is an extreme form of decentralised or distributed economy.
Using Ubecoin ICO as a medium of exchange globally merchants will dramatically reduce the currency fluctuations and the cash fees incurred by generic cross border transactions. Ubecoin ICO will offer consumers and small to medium businesses the access and advantage of a decentralised trading platform.
The Ubecoin ICO solution is to utilize blockchain technology, to provide near-instantaneous global transactions for merchants and consumers. This occurs without cash transaction fees, delays or interaction with Financial Institutions creating a very significant cost benefit to the merchant.
The merchants will additionally benefit from significantly reduced infrastructure costs of the Ube Ltd trading platform, which will leave the competitors high cost base incapable of competing against the Ube Ltd business model. Ubecoin ICO initially aims to disrupt the market by exploiting the inherent flaws of the traditional barter business models.
Ube Ltd is a Gibraltar registered technology company which has developed and generated a hybrid cryptographic digital coin (“Ubecoin”) to be used as a medium of exchange between merchants and consumers.
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.
Ubecoin ICO strategy is focused on providing a user-friendly platform to E-commerce by providing easy access into the Ubecoin ICO ecosystem that will facilitate entry into the modern economy.
Execution will be via a 3-phase approach.
Phase 1. Free Trade Barter (FTB)
Ube Ltd has created a subscription based E-commerce platform for merchants to trade goods and services without cash transaction fees. Ube Ltd will first seek to disrupt the global barter industry by offering a subscription based advertising model to enable merchants to have an unlimited low cost plan to grow their business.
Ube Ltd is also partnering with an online business network in the UK that consists of over 75k merchants and advertising company Ad Drivers (50k consumers) who will be offering promotions to generate Consumer to Business transactions. Ube Ltd aims to be transacting in the first 3 months of operation.
Phase 2. Online Entertainment
Ube Ltd via its JV partner network will offer consumers access to its merchant barter net- work of goods and services. Ube Ltd is developing partnerships with Probability Limited, Bulbet Limited, licensed UK pool online operators with over 4.5 million accounts and growing.
Phase 3. Fintech & Telco
Ubecoin ICO will offer retail and corporate products to the merchant and consumers. Ube Ltd is developing partnerships within the Fintech space to develop and integrate Ubecoin ICO into various into financial service provider’s product ranges. Ube Ltd is currently working with a large telecommunications wholesaler to develop mobile media wallets to enable targeted consumer advertising.
Ube Ltd has pre-mined almost 100% (all but the 80 Million ICO tokens which are created by investors entering into, smart contracts during the ICO) of the total coin allocation for the furtherance of its business activities both now and in the future.
As part of our advanced security protocols, only a relatively small amount of coins 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.