Ubcoin Market, the global peer-to-peer Ebay-like marketplace for exchanging real goods to cryptocurrency and back, announced that on 28th August its UBC token will be unlocked and begin trading on a Singapore-based cryptocurrency exchange C.O.S.S. Ubcoin Market app will be available for public download and use (selling and buying goods for UBCs) shortly, in September. Currently, Ubcoin is conducting final days of its token sale on the website.
Ubcoin utilizes the online marketplace model to create the world’s first truly efficient way to get cryptocurrency or spend it on tangible goods without engaging fiat money in these processes. On the one hand, those people who do not have cryptocurrency yet will be able to become crypto investors in an easy and safe manner, simply by selling something that they own.
On the other hand, expert crypto owners will be able to spend their crypto wealth on real goods without facing legal and financial obstacles related to converting digital coins to fiat money. UBC is a utility token empowering peer-to-peer marketplace ecosystem.
C.O.S.S. exchange is a corporate member of ACCESS (the Singapore Cryptocurrency and Blockchain Industry Association) and listing on C.O.S.S is a logical and reasonable choice for Ubcoin. Ubcoin is officially incorporated in Singapore as an exempt private company limited by shares. Global marketing and business development Ubcoin departments are relocating to Singapore shortly.
Ubcoin regards Singapore and other Asian countries (notably China, South Korea, and Indonesia) as core territories to promote its business. By the end of 2018 Ubcoin is planning to open regional branches in Hong Kong and Seoul. A comprehensive partnership with a Singapore-founded company Qbao Network has also been announced last week.
We chose C.O.S.S exchange not only because of its jurisdiction and active Asian community in user base but also due to its good security track record. The exchange has elaborate security mechanisms, a wide range of trading pairs, competitive commissions, a user-friendly interface and easy sign-up procedures. The exchange carries out serious due diligence, legal and technical audits before listing a token so there are only worthy altcoins traded there against BTC and ETH pairs.
C.O.S.S. and Ubcoin are also holding a trading promotion to commemorate Ubcoin’s first exchange listing. Top 50 volume traders will receive sizable incentives.
Felix, the CEO of Ubcoin said:
“We have always focused on delivering on our promises to users, supporters, contributors, team members. During the token sale, we have been working on both developing a fully functional and user-friendly product and implementing a well-thought-out exchange strategy because we know that these things are important to the community and are achieved by a very small number of new projects. We are happy to present positive results on both sides”
Ubcoin Market mobile app will be available for download and use shortly after listing on C.O.S.S. The platform will be available in several Asian languages and is expected to have the following features: creating a listing to start selling, an advanced search system, a chat establishing areal-time communication between a seller and a buyer, and the process of buying an item for UBC tokens (utility tokens for settlement of smart contacts and fees on the platform).
About Ubcoin Market
Ubcoin Market is a global peer-to-peer platform that is designed to bring 200 mln new investors to crypto. It bridges the gap between crypto and real worlds. Ubcoin will be part of the Ubank app, the leading mobile payments app in Eastern Europe. Ubank has been working since 2009 and, as of today, has 2.5 million active users, more than 16 million downloads around the world and has been pre-installed by Samsung and Fly.
Ubcoin is currently conducting a public token sale and has raised several million dollars from private investors and some undisclosed amount from institutional ones – the Inventure fund and the Singapore-based Amereus fund. You can buy Ubcoin tokens with a discount now on the website.
C.O.S.S stands for Crypto-One-Stop-Solution and represents a platform, which encompasses all features of a digital economic system based on cryptocurrency. The C.O.S.S system consists of a payment gateway / POS, an exchange, a merchant list, market cap rankings, a marketplace, an e-wallet, various coin facilities and a mobile platform. The C.O.S.S platform unifies all transactional aspects that are usually managed by means of FIAT money and offers multiple cryptocurrency-related services in one place.