Ubanx: The blockchain platform for everyone
Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
For this reason, the project I am going to present you is the Ubanx (BANX) (https://ubanx.io/) , an agnostic platform to the blockchains, and its initial release will be using Ethereum ERC-20 tokens known as BANX.
The Ubanx team has created an easy-to-use mobile portfolio that will allow the general public a seamless digital integration in the world of cryptography, as well as an exchange with secure commercial features and retail spaces to educate and on board the public in the world of cryptography. Based on this gap between the first crypto-investors and the latest crypto-investors, it aims to be a bridge between them, allowing both to be part of it, through a strategy that includes both digital products and physical spaces. For this reason, Ubanx plans to open its Spaces in key locations, where local communities can learn about the latest advances in services and financial instruments from Ubanx chain specialists.
Arquitecture and advantages
Ubanx will deploy a retail blockchain platform including a wide range of products and services, all supported by a lean, compliant and seamless onboarding experience and ease of use. The three fundamental pieces of the ecosystem are described in the table below:
Image Name Description and Usefulness Ubanx Wallet app Easy-to-use interface that allows the mass adoption and purchase, sale and transfer of digital currency, including your own BANX token. Ubanx Pro Exchange Ubanx Pro Exchange's secure, scalable and fast trading platform for more experienced operators and users that will provide an advanced operating experience with the lowest rates.
It also aims to be a network-oriented operations platform, with functions to reward the most active operators who also contribute to the community in the form of knowledge and commitment to the community.
Ubanx spaces A network of brick and mortar locations that provide support for integration, learning and networking, which will be the key player to enable mass adoption and build trust with the general public. It aims to provide the physical footprint that non-technical users expect from financial institutions and the benefits that are common to the millennial public, such as a friendly space to connect, work, attend events and learn from the fintech experts and the block chain.
The project gives the opportunity to earn Ubanx (BANX) tokens performing some social media tasks and doing simple steps from the bounty program explained into this Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=3444616.0) you can access to the link in order to see what are the conditions to become an early BANXcontributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (http://wp.ubanx.io/). You can also stay tuned in their official Telegram group (https://t.me/UbanxSpaces). I hope you liked the post and soon I'll send you new ones.
ICO price: 1 BANX = 0.12 EUR
Email: [email protected]
Telegram username: @clauming
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71