Ubcoin Market

An ecommerce platform using cryptocurrency as exchange

[youtube https://www.youtube.com/watch?v=feQIvbUPOi4?rel=0&w=560&h=315]

CS Score

6.4

Outlook:

Stable

Ubcoin Market – by ,
6.4/ 10stars

Ended

2018/04/02 - 2018/05/31
ICO
Ubcoin Market
Token
UBC
PreICO Price
1 UBC = 0.00005 ETH
Price
1 UBC = 0.00009 ETH
Platform
Ethereum
Accepting
ETH
Bounties
Available
Bonus
Available
Min. investment
0.01 ETH
Hard cap
179,000 ETH
Country
Russia

CS Score :

6.4

Outlook :

Stable

Idea 50%
Idea 8.4
Competitiveness 3.8
ICO 8.1
Team 6.6
Community 5.1
Marketing 5.7
Documentation 9.2
Financials 6.4
Reliability 5.5
Feasibility 6.7

Despite the differentiating factors claimed by the company, our team believes that the company will face strong resistance during its development due to the keen competition in the market. We hold a dim view on the company’s ability in changing the current purchasing habits of customers away from using established platforms such as Carousell, Taobao and Amazon. Moreover, the general acceptance of cryptocurrency is still low. A new token being even less liquid than the mainstream ones would greatly reduce both buyers’ and sellers’ incentive to use the platform.

Idea
Although the idea of the company is not disruptive enough, there is still a growing need for ecommerce. The use of blockchain technology may …

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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.

Team Members

Felix Khachatryan
Founder, CEO

 

Mazhar Jan
Founder, Investor

 

Andrew Lee
Founder and investor of Ubcoin

Stan Danysh
COO of Ubcoin

 

Alexander Putilin
CTO and chief blockchain developer of Ubcoin

Marina Lerner
CMO of Ubcoin

 

Felix Khachatryan
Founder, CEO

 

Mazhar Jan
Founder, Investor

 

Andrew Lee
Founder and investor of Ubcoin

Stan Danysh
COO of Ubcoin

 

Alexander Putilin
CTO and chief blockchain developer of Ubcoin

Marina Lerner
CMO of Ubcoin

 

Advisors

Yama Bassam
Advisor

 

Maxim Filin
Advisor

 

Evgeniy Pavlov
Advisor

 

Yama Bassam
Advisor

 

Maxim Filin
Advisor

 

Evgeniy Pavlov
Advisor

 

February 2, 2014

The birth of mankind

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February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
2018
Beta smart-contract platform developed. Support and verification team formed.
Beta-testing of MVP through existing app distribution channels with leading smartphone manufacturers.
MVP launch in Eastern Europe.
Basic KYC framework developed.
2018
Mar 2019
Full version of the app launched in Eastern Europe.
App distribution agreements extended to additional regions.
Beta open API developed.
Mar 2019
Jun 2019
Launch in Middle East and South Korea.
Beta AI-screening developed.
Jun 2019
Sep 2019
Launch in South East Asia and South Asia.
Open API available for developers.
Sep 2019
Dec 2019
Launch in Latin America.
Full AI-screening tool rolled out.
Dec 2019