Uhub – HUB ICO Decentralized E-Commerce ETH Marketplace?
What is UHUB?
UHUB is an E-commerce trading platform for peer-to-peer trading of goods and services with a native cryptocurrency wallet, HUB.
The core concept of UHUB is to leverage the transparency provided by blockchain technology and technological convenience of Ethereum smart contracts to efficiently enhance E-commerce by increasing income for sellers and reducing cost incurred by buyers.
The UHUB ecosystem is made up of three layers
HUB Exchange – A trading portal for storing and exchanging more than 100 cryptocurrencies with minimal to no fee. Users can exchange digital currencies by using APIs from various trading platforms without registering an account on those platforms
HUB Connector – A peer-to-peer exchange portal for users to exchange currency between each other. The HUB connector helps find buyers and sellers at the nearest location, while also facilitating purchase of tickets and hotel services using HUB coin
HUB Marketplace – Using smart contracts, the HUB marketplace tracks payments and delivery of goods and automatically processes payment upon delivery. The HUB marketplace also includes an escrow and rating system.
- Yeu Nguyen – CEO & Founder
- ANH Nguyen – COO & Co-Founder
- Hien Pham – CTO & Co-Founder
- Loris Rossi – Full stack and blockchain developer
Uhub ICO Details
- Pre-ICO – November 16, 2017
- ICO – November 25, 2017
- Cost per Token(HUB) – 0.00025 ETH
- Minimum Purchase – 0.01 ETH
- Blockchain – Ethereum
There will be a total and finite supply of 1,156,789,000 HUB. Of that supply: 680,001,200 HUB will be listed for sale as part of the token pre-sale and sale events; with 476,787,800 HUB held in reserve by the company and introduced to the market in various ways, including bounties, team compensation, testing, and to manage rewards in the future.
In 2016, global e-retail sales amounted to $1.9 trillion. E-commerce is a highly lucrative marketplace, and has dominated the Internet era. Blockchain provides a lot of solutions to the current E-commerce environment. There is definitely a lot of scope for any earnest project in this domain.