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The simplicity of payment for services and the transfer of money through the phone pushed to the creation of the UBANK project. It's not really a bank, it's an application for mobile devices, which is preinstalled by such global brands as Samsung, Huawei and Fly.

The company mainly operates in Eastern Europe and Central Asia: Russia, Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan, Ukraine. In 2019, it is planned to launch in the Middle East, South Korea and Latin America.

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After the launch, Ubank attracted an investment of $ 8 million from Runa Capital, the leading Russian venture investment fund. In 2017, the Ubank application on GooglePlay was downloaded 12 million times. More than 2.5 million active users are already enjoying free and feature packed application Ubank.

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Considering the success of the introduction of the Ubank application, the company introduces a new project of Ubcoin Marketplace - a global mobile market for buying and selling real-world goods for cryptocurrency. This project will not be separate, because it will be an extension of the mobile Ubank application for all Android users and iOS.

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Now the market capitalization of the Cryptocurrency is about 400 billion USD and this is a good place for the introduction of a new trading platform. Thousands of owners of cryptocurrencies will want to buy goods directly, without converting them into cash currency (fiat). They do not need to go through the stages of:

• Conversion of cryptocurrency into fiat, which requires payment of high commissions;

• Use of p2p conversion sites where there is a risk of fraud.

In addition, sellers of goods and services will have the opportunity to become the owner of the necessary cryptocurrency.

According to the forecasts of world experts by 2020, the number of holders of cryptocurrency will increase tenfold to 200 million people.

People in many countries around the world are already accustomed to online shopping and easily buy what they need. This is the target audience who will potentially be able to use the Ubcoin token.

The goal of the Ubcoin Marketplace is to provide consumers around the world with the opportunity to invest in cryptography and use the purchasing power of their crypt investment. This goal is achieved by creating an introduction to the circulation of Ubcoin cryptocurrency.

With the help of Ubcoin, consumers can freely, instantly and safely buy and sell goods and services. In fact, Ubcoin (UBC) is a token utility that will be used to calculate smart contracts and fees in the Ubcoin market.

• Name of the token: UBC;

• Standard token: ERC-20; <p></p>

• Price of the token: 1 PHT = 0.000125 ETH;

• With SoftCap, the company plans to attract: 2,000 ETH.

• With HardCap, the company plans to attract: 179,000 ETH.

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Smart contracts will kill many existing intermediaries, who have added value in their pockets, which increases the cost of the goods.

The cost of the token will not be constant, it will vary depending on supply and demand, because with increasing demand, the issue of the UBC token will not be carried out, its amount will be constant and be 2 billion UBC in advance.

In my opinion, the absence of currency issuance will be very favorable for attracting producers and suppliers of exclusive goods to the Ubcoin Marketplace, which will sharply create demand for the UBC token. This, in turn, will increase its price, thereby the seller will be able to receive additional income in case of the need to withdraw Ubcoin or convert it to the exchange in another currency. The owner of Ubcoin will not lose anything, because he bought them earlier, and he can buy the goods without incurring additional losses.

Bitcointalk username: Dukjila