UBCoin Overview - Crypto Marketplace and Mobile Banking Application

I overview the UBCoin Project and ICO, lead by the UBank Mobile team in Eastern Europe. UBCoin Marketplace is the next leap forward for The UBank application. The company itself is a mature company with a leading banking platform called UBank Mobile already developed and exclusively preinstalled on all Samsung and Fly smartphones, including Galaxy S9 with official contracts already signed. Currently their apps have over 16 million downloads in the app store, and Ubank is already the leading mobile payments app in Eastern Europe. UBCoin will not be introduced into the longstanding UBank app as a new feature, providing even more value.

UBCoin is having an ICO for the release of their UBC tokens, so lets break down the token offering details. Out of a total of 650 million UBC tokens, 45% are allocated to the ITO and 5% are to a limited private sale. 12% are allocated for the team which is locked for six months and then vested for 12 months quarterly, 4% is for bounty and advisors, 3% for community rewards, and 31% remaining in the reserve pool. These percentages will be lowered to avoid dilution depending on if the hard cap is reached or not. The Hard cap for the public sale is 26,100 ETH and the sale is divided into 6 stages, with bonus structures for earlier contributors. As for the use of the proceeds, 40% will be used for marketing, 35% for development, 17% for app distribution and 8% for Legal, KYC, and General expenses.

There is also a buyback program being implemented where 10% of the UBCoins net operating profits will be used to buyback UBC from tokenholders, as well as a burn program where when fee’s are paid, 5% of that fee equivalent will then be burned in UBC tokens for that amount.

If you want to learn more about the project, download the Ubank app and visit their website at https://UBCoin.io

Do you think UBcoin can solve the huge problem today of buying and selling cryptocurrency with all of these fiat intermediaries corporations barring the purchasing of crypto? With the preinstalled marketplace on peoples phones and the already large exposure to European markets, it could definitely make a dent in the industry. Leave me your thoughts on this in the comment below.

Website:
https://UBCoin.io

Telegram:
https://t.me/UBCoin_io




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This is not investment advice, we are strictly giving our opinion and discussion of the content in this video. Always do your own Research (DYOR) on projects and understand the risks of any investments made.
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