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Background:
What is Ubcoin Marketplace?
UBCOIN — Real Goods.Untuk Cryptocurrency Exchange for more detailed information on the project.
— the next leap forward to Ubank, leading mobile payment applications in Eastern Europe. Now with Ethereum blockchain, UBC’s exchange encryption algorithms and smart peer-to-peer contracts to buy everything for cryptocurrency.
Ubcoin Marketplace is a global mobile phone marketplace for buying and selling real merchandise to kriptocurrency
Total shareholders kriptocurrency is expected to increase nearly 10 times, Currently, by 2020, 22 million to 200 million people around the world. The easiest way to become a confidential owner is to sell the crypto product. This approach will encourage mass adoption in the coming years. The market capitalization of the draft is about $ 400 billion. There is a huge demand for spending that wealth by buying things in the real world for crypto. Nearly half of all online trading activities are currently occurring in the market, while mobile commerce will soon overtake the commercial web as global smartphone penetration reaches 37% of the population. the world in 2020. The Ubcoin Marketplace is not a Greenfield project, but an extension of UBank Mobile Application:
• Companies are ripe, established in 2009
• Ubcoin products today, UBank, has more than 16 million installations worldwide
• Ubcoin is comprised of 50 developers, top management and talent advisors
• Ubcoin will improve and recreate the value proposition of the product
• Samsung and Fly a Ubcoin pre-installed product today in all smartphones sold at CIS, including Galaxy flagship 9
Sales sign efforts to increase the financial resources to promote the development of intelligent contract-based Ethereal blockchain, AI-based screening and KYC technology, and to fund global expansion. from Ubank through pre-installation by the manufacturer will be expanded by new geography. Report problems Currently, tens of millions of people have legitimate cryptography. Hundreds of millions of people around the world are aware of the secret and want to receive it. Many views of crypto as an investment vehicle with great results, and others seek the benefits of seamless digital deals and new business opportunities offered by blockchain technology. The enormous application of crypto is inevitable and imminent. Causes and credits are the debt of many entrepreneurs and people with vision, Those who pursue their footsteps, including the Ubcoin inspiration and a respected object, telegram. Mass adoption will take place sooner than later. Consumers need a simple, fast and secure way to receive digital currency
Treasures of Cryptococcal fluctuate around 400 billion dollars. However, governments, banks and the international payment system in the world have set clear rules for the management of cryptographic transactions in order to allow citizens to abide by the laws governing the purchase and sale of goods. using their digital assets. Almost $ 400 billion is ripe for spending — converted into physical assets. Ubcoin’s goal is to empower consumers around the world to invest in crypto and leverage their investment power by creating a niche market where they can buy and sell kriptocurrency goods in a freedom and safety
TOKEN VALUE, What can we use token to do?
1.Communication via the mass : to promote the widespread adoption of digital assets (cryptokurrencies).
2.Peer-to-Peer interaction: Remove as many intermediaries as possible. Through smart contracts, the interaction between the two parts is facilitated.
3.Legal Market : Through Artificial Intelligence technology, vendor posts will be analyzed to examine security breaches, ethics and other violations.
4.Decentralization : Thanks to Blockchain, decentralization and immediate payments are guaranteed after the implementation of the smart agreement.
User -friendly interface: The interface will make the purchase of goods simple.
5.Project open : the API will be public to develop better platform according to local needs.
Great TEAM:!!
The teams behind Ubcoin have worked together since 2009: they have created mobile applications (navigation software) NaviFon, have launched uTalk upwards has built Ubank , that application has more than 16 million people used and pre-installed in Samsung home appliances and Fly .
Even the project’s mentors are interesting names that have worked with Huawei, Motorola, HTC and Samsung clearly.
last but not the least: link
website:
Telegram:
Twitter:
whitepaper:
Facebook:
GitHub:
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Bitcointalk link profile:
support this great project and me!!
Quick summary: Darknodes match orders within Republic Protocol. Requirement for running a darknode is 100,000 REN tokens staked as collateral and a fast, stable Internet connection. It is not computationally expensive to run a node. Darknodes earn fees from the orders that they match and settle. Maximum number of nodes in the protocol is expected to be less than 4,000. Users who provide liquidity are able to run additional darknodes because they are economically aligned with the network. This ruleset is hardcoded into the protocol. Fees can be earned in ETH and arbitrary ERC20 tokens.
Introduction
Nodes play a critical role in peer-to-peer systems providing both security to a protocol and facilitating actions within a network. This is no different for Republic Protocol’s decentralized dark pool. Diving straight in, this post will introduce the role of darknodes, outline the economic incentives for running one and shed light on a list of preliminary operating requirements.
1. Darknode outline
A darknode’s primary function is to match orders from Republic Protocol’s distributed hidden order book. This is a process that is not as computationally expensive as bitcoin mining and is more collaborative. Once a darknode has discovered a match and the order has been settled, the darknode operator is rewarded with a trading fee associated with the particular order. Note that order shares are distributed evenly throughout the network. Going forward the fees earned from a transaction settlement will not be exclusively paid in REN. Rather, nodes will be able to work to earn fees in other currencies such as ETH and arbitrary tokens.
The preliminary requirements for running a Darknode are as follows:
100,000 REN tokens for staking as collateral.A consistent internet connection — (to be formally defined at a later date).2. Finite supply of nodes
Similar to many existing currencies/protocols with collateral-backed nodes — such as DASH and ZCOIN — the maximum number of darknodes within the Republic Protocol dark pool are finite. While the final figure has not been confirmed (pending economic review), the maximum number of nodes will likely be limited to less than 4,000 in total. This is to find a reasonable equilibrium between speed and security within the protocol while still producing an attractive financial incentive for operating a node.
3. Darknode categories
As with any exchange, liquidity is the determining factor for success. This is the reason we have decided to hard code an incentive layer for liquidity providers directly into our protocol by creating two categories for node operators, “Standard” and “Liquidity”, with a maximum number of nodes allowed within each group.
Incentive designThe philosophy is not to design a protocol where a user is rewarded simply for being wealthy. Financial incentives within the protocol should be most accessible by those who have the network’s best interest at heart; in this case, increased liquidity within Republic Protocol.
To encourage users to run liquidity nodes and thereby provide liquidity, we need to limit the number of standard nodes within the protocol. When the demand for “standard nodes” becomes greater than the supply, users are forced to run liquidity nodes if they would like to match orders and earn the associated fee. We are also exploring additional incentives such as providing liquidity nodes a higher fee. However, this is yet to be fully assessed.
During the initial period of the Republic Protocol public network release, liquidity nodes will incentivized additionally through a market making program in to bootstrap the exchange’s liquidity.
Final thoughts
As always, feedback is welcome. The design of these nodes is an iterative process. Feel free to email us at support@republicprotocol.com with any feedback, suggestions or questions.
— Taiyang Zhang, CEO, Republic Protocol
About us: Republic Protocol is a decentralized dark pool for trustless cross-chain atomic trading of Ether, ERC20 tokens and bitcoin pairs. You can find more information here:
Telegram: Announcements: Twitter: Website:
was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.
Crypto Price IQ presents our daily report on the top cryptocurrencies to watch on 12th April 2018. The following coins have significant price movement within the past 24 hours and this top movers list have also been carefully curated to filter off low volume, low market cap coins as well as coins with no significant following or activity.
EOS (EOS)
Current Price (USD): 8.8122
24 Hour Change: +46.75%
Overview
EOS.IO is a software that is designed for decentralized applications to scale vertically and horizontally within the blockchain architecture.
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Ripple (XRP)
Current Price (USD): 0.5378
24 Hour Change: +9.24%
Overview
Ripples seeks to use RippleNet as a platform where financial institutions, payment providers, corporations can send and receive money seamlessly.
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Centra (CTR)
Current Price (USD): 0.0645
24 Hour Change: +371.35%
Overview
Centra Tech offers blockchain products such as a Wallet to store digital assets, a Prepaid Card to spend the digital assets, a future marketplace and exchange platform etc.
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Cardano (ADA)
Current Price (USD): 0.185
24 Hour Change: +11.96%
Overview
Cardano is on top of being a cryptocurrency, a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world.
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NEO (NEO)
Current Price (USD): 58.6384
24 Hour Change: +10.51%
Overview
NEO (formerly Antshares) is China’s first original and open-source public chain project that serves as a smart assets platform, a combination of smart contracts and digital assets.
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