What is Ubcoin (UBC)

Ubcoin is a mobile app, which brings together sellers and buyers in a unified marketplace.

The Ubcoin app comes preinstalled on Fly and Samsung smartphones.

Ubcoin Marketplace, powered by Ethereum blockchain and the exchangetraded UBC cryptocurrency, utilizes peer-to-peer smart contracts for buying and selling goods.

Some Ubcoin transactions may, in the future, require additional KYC/AML procedures for execution of smart contracts for certain types of deals, involving third-party providers (i.e. delivery companies, couriers, notaries).

Ubcoin marketplace will develop a special commission schedule for sale of luxury/expensive items (determined by certain price level),  as a percent of sales price.

Details

Pre-sales: Mar 10, 2018 – Mar 31, 2018
Public sales: Apr 02, 2018 – Aug 27, 2018
Token supply: 650,000,000
Hard cap: 7,517,320 USD(fiat)
Raised: 4,310,000 USD

Legal

Country limitations: Bangladesh, Bolivia, Canada, China, Ecuador,
Iran, Israel, Korea, Kyrgyzstan, Lebanon, Liberia, Morocco, Nepal, Pakistan, United States

 

Bounty

Bounty: 4%
Translation: 10%
Social media: 65%
Bitcoin talk signature campaign: 25%

Token info

Pre-ICO
57% bonus
ICO
1 stage – 29% bonus
2 stage – 14% bonus
Token distribution:

45% – Public Placement (ICO)
31% – Reserve Pool
12% – Team Allocation
5% – Limited Private Pre-Sale
4% – Bounty & Advisors
3% – Community Rewards
Funds allocation:

40% – Marketing
35% – Development
17% – App distribution
8% – Legal, KYC, General