What Is Ubonium?
Ubonium is a financial technology company with its Headquarters in the financial district of London, United Kingdom. Ubonium was founded at the very height of the blockchain technology revolution through the famous invention such as Bitcoin Technology. Since Bitcoin, there has been numerous other blockchain technology and crypto coins known as altcoins introduced in the blockchain ecosystem at a phenomenal rate. Nevertheless, this created more than ever a need for a comprehensive and robust technologies to adapt a convenient way of integrating the movement and storage of digital assets in the blockchain ecosystem in a convenient and secure way.
With this in mind, Ubonium innovated sustainable financial products and services that complements each another within Ubonium’s ecosystem to offer its users not only convenience and security, but also offering competitive pricing for its services. Users will experience that all Ubonium’s product and services are investable, secure, scalable and usable in the cryptocurrency environment. This is an important factor in determining the success of any blockchain financial system. Ubonium’s ETCF Platform and ETCF Funds, UBOPAY, UBOBANK and UBOCARD is set to pave the way how market participants are going to interact with these nascent alternative asset class in their daily lives.
Ubonium’s product and services is also designed to be adaptable to the evolving blockchain technology and changing regulatory framework and having factored this foreseeable evolution in all its innovations, Ubonium’s product and services will have a sustainable future and will stay more relevant in the blockchain ecosystem.
Introduction to ETCF Market Platform
If you are familiar with ETF or Exchange Traded Funds you will know names like Vanguard and Blackrocks.This companies and many others own and manage ETF funds on a global scale collectively exceeding 3 trillion US dollars. ETF’s as a passive investment vehicle has grown in demand ten folds since 2008.
Most traditional fund management companies and retail investors invests in ETF funds. But there is some underlying problem with ETF’s, in that they are managed by brokers who charges brokerage fees and fund management fees. Secondly, when you buy an ETF fund, your broker keeps it for you and you don’t get to keep them. Thirdly when you dispose ETF funds, you don’t get your settlement immediately.
Ubonium, uses the blockchain technology to disrupt the traditional financial services for ETF by introducing ETCF or Exchange Traded Crypto Funds on its ETCF Market Platform. This trading platform allows cryptonized exchange traded funds or better known as ETCF’s, allowing investors to own passively managed diversified funds in a single basket carried by a crypto token such as UBO Super Crypto 10 and many more. This decentralized ETCF Market Platform allows investors to pick and choose their preferred fund and purchase it with their desired quantity and pay for it in cryptocurrencies.
Once payment is completed the transaction is executed on the blockchain ecosystem and they receive their ETCF tokens in real-time thus, allowing immediate ownership. Likewise, when the investor decides to sell his or ETCF token back into the Platform based on the prevailing price quoted and guaranteed by the fund sponsor, the seller almost immediately receives his payment in cryptocurrencies directly to his wallet. This ensures transparency on both the investor and fund sponsor end. Each fund offered on the ETCF Market Platform has its own token symbol for easy identification.
The introduction of the ETCF Market Platform will enable fund management companies, private investment companies and wealth management companies to explore the opportunity to invest in an ETF-like cryptonized digital assets for exposure into cryptocurrencies. The ETCF’s low volatility nature will be a likely attracting factor to this companies.
Beside the anticipated high interest from the retail investors, Banks and Asset management companies will also be the likely candidate to sponsor their own custom-made cryptonized fund and list it on the ETCF Market Platform due to the platforms easy adaptability and security. For this companies, ETCF Market Platform can provide a one stop turn-key solution to set up, operate and manage such funds.
There are a low spread charges for investors when they buy or sell ETCF Tokens but however this spread charges are waived when Ubocoins are used for any transactions on UBO ETCF’s.
Ubonium Product and Features
UBOPAY Mobile system
Ubopay is a proprietary mobile payment system developed and managed by Ubonium. UBOPAY application will be both available to download in Android and Apple Phones. UBOPAY is a hybrid mobile payment application, in that it supports both user’s local currency of choice and payments in cryptocurrencies. Currently UBOPAY is being developed and tested using Bitcoin, Ethereum and UBOCOIN. The mobile payment system will be introducing more popular currencies as a mode of
Features of UBOPAY
payment. UBOPAY’s integration with UBONIUM’s central cryptocurrency exchange network called the UBONEX, makes all transaction between fiat-crypto-fiat seamless and instantaneous. Users can active the UBOPAY’s smart select function and use both local currency and crypto payment autonomously every time the user wants to make a payment. Depending on the receiving end or merchant, UBOPAY will automatically select local currency or cryptocurrency payment of choice.
UBOBANK – The cryptobank for crypto-community
Ubobank is a crypto only bank. Unlike traditional banks, Ubobank does not charge users for its services. Most of Ubobank services are free. It functions more like a traditional bank but does not impose any kind of transaction fees to its users. In a nutshell, Ubobank provides virtual bank as a service (BaaS) to its virtual account holders by providing cold wallet services to store, manage, transfer and receive cryptocurrencies. Its primary and only revenue comes from its low exchange fees charges. Ubobank offers one of the best cryptocurrency security available in the market to assist cryptocurrency holders to store, move and use cryptocurrencies. Utilising bank-grade security protocols, Ubobank cold-vault is inaccessible to malicious hacking risks form the internet.
Ubobank also provides services for businesses but however for business account there are some low transactional fees that will be imposed. Businesses can also offer their customers to pay in cryptocurrencies and choose to receive them via Ubobanks OpenAPI stations securely. Customers cryptocurrency payments can be collected in bulk by Ubobank. Business crypto-banking customers can enjoy various other services offered to them on the Business Banking Platform.
Ubobank features and functionalities
~Deposits/Storages of Cryptocurrencies
~Transfer/Payment
~Transfer to UBOPAY and UBOCARD with Zero cost
~Built-in Exchange
~Investing
~The Demand for cryptobanks
~Regulations
UBOCARD DEBIT CARD – The Crypto Card
Ubocard is an extension of payment service from Ubobank. Users can you their balances in their virtual account (cryptocurrency balances) and make payment using their Ubocard. All Ubobank customers will be issued a Ubocard Debit Card. Ubocard, is a pre-paid card where the balances can be topped up from Ubobank for cryptocurrencies and from Ubopay for local currencies. The card runs on the VISA network and therefore can be used anywhere in the world where VISA and MasterCard are accepted. UBOCARD is also an ATM card therefore users can withdraw their funds from any ATM that is supported by global payment network. All Ubocard comes with ATM pin for secured cash withdrawal from the ATM machines. The Ubocard will automatically convert cryptocurrency balances into USD and therefore acceptance of the card on the VISA Network will never be an issue.
Manage UBOCARD from Ubobank or Ubopay APP
UBOCOIN TOKEN (UBO) – Investable, Scalable, Secure and Usable
The Ubocoin token offered for sale during the Ubonium ICO is a ERC-20 and ERC-223 Ethereum compliant token. They are safe to be used and do not perform any external calls after March 1 the ICO start date. The Ubocoin Token was designed with scalability in mind. Together with all the products and services offered on the Ubonium ecosystem, Ubocoin plays an important role in bringing value to its owners. As all Ubonium products and services uses Ubocoin, transactions costs are kept near zero and transaction speed optimized. This are the two main reason why Ubocoin is being used as a premier token in all Ubonium products.
Benefits of Ubocoin Token ownership to Token Holders
When buying any UBO ETCF funds using Ubocoins, token owners are waived from the buy/sell spread charges of 0.45% on the ETCF Market Platform. This allows token owners to gain exposure in the ETCF Market with Zero entry cost. Also, when using Ubocoins with Ubopay, transfer of coins to other wallets are free from any charges. Likewise, Ubocoin token owners are in for great reduction in exchange fees whenever they convert any of their fiat currencies into Ubocoins on the Ubonex Exchange. Whenever, Ubocoins are moved from one Ubonium platform to another, there are zero charges.
The early participants of Ubocoins in the Ubonium ICO will be granted a lifetime membership to enjoy loyalty programme points that can be converted into Ubocoins. The more details of this membership will be updated after the ICO.
UBOCOIN as a Token of Value
The Ubocoin Token is on sale during UBONIUM ICO for a fixed price of ETH 0.001 per UBO. However, we believe that its value will appreciate exponentially in consistent with our UBOPAY launch, UBOBANK & UBOCARD platform launch. Reason is, Ubocoin is a scalable and a usable coin, with many real case applications that can potentially create high demand for the coin, this can expose the true value beyond what it is today. However, we do not wish to speculate the future price of the coin as we are legally forbidden from doing so: kindly take note that there is a high degree of risk in investing in cryptocurrencies, where invested capital can be lost.
Ubocoin will be listed on exchanges such as Kraken, Bitfinex, Poloniex, Huobi and Quoinex. We are also in discussion with some other major exchanges to list Ubocoin on their respective exchange which we will update at https://ubocoin.com/ list from time to time.
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More Information About Ubonium :
Website : https://www.ubonium.com/
Whitepaper : https://drive.google.com/open?id=1K1yStOltj5ts8tcb-48v0Aq212HIz3D0
ANN Thread : https://bitcointalk.org/index.php?topic=3029484.0
Bounty Thread : https://bitcointalk.org/index.php?topic=3036847.0
Facebook : https://www.facebook.com/ubonium
Twitter : https://twitter.com/ubonium
Telegram : https://t.me/ubonium
Medium : https://medium.com/@ubonium
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