good afternoon. will the current app users receive any bonuses on the ICO? it seems to me that they have a right to this
Summary of Long-Term Value Enhancing Measures
Ubcoin token is native to the peer-to-peer marketplace ecosystem. Smart contracts will not accept any other cryptocurrency for facilitating transactions in the marketplace. As volume of sales and purchases on the marketplace grows, demand for Ubcoin token will organically increase.
Long term value for those tokens starts at utility and their price also relies on supply and demand. In order to manage supply, help reduce volatility and enable persons who need UBC to obtain them, Ubcoin has created a five-pronged approach:
1) The creation of a Reserve Pool, as described in previous section, ensuring that no new tokens may enter into circulation at prices lower than those paid during Token Sale.
2) We intend that holders of Ubcoin tokens will be offered discounts on fees based on their overall UBC holdings. The more UBC they own, the higher the discount will be. This will likely incentivize clients to buy and hold UBC, further reducing the available supply.
3) Reasonable vesting and anti-dumping prevention mechanisms, as set in previous section.
4) The creation of a Token Buyback Program, funded with up to 10% of Ubcoins’s net operating profits annually.
5) The creation of Burn Program, which will methodically reduce supply the more successful the business becomes.
The details of items 4 and 5 are outline as follows below:
• Token Buyback Program
The UBC Buyback Program, funded with up to 10% of Ubcoins’s net operating profits annually, will be created. Ubcoin intends to use the UBC Buyback Program to support the stability of UBC on the exchanges as needed. To facilitate liquidity on both buy and sell sides, UBC bought back by Ubcoin will be sold onto the exchange as needed depending on the underlying demand. A key feature of the buyback program is that the buyback offer price is: the larger of (a) token purchase price during private limited pre-sale or public token sale, or (b) current market price, (c) and the larger value multiplied by a factor of 1.1.
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IMPORTANT: Net Operating Profit here refers to net operating profits once Ubcoin is fully operational and does not in any way relate to the sums collected by way of the scheduled Pre-Sale or Token Sale. Purchasers have no rights in respect of the Token Buyback Reserve and the use of the profits is at Ubcoin’s discretion and control. It is also subject to applicable legal and regulatory requirements. Gauging the possible size of this reserve is difficult at the outset of the initial Token Sale. Projections may generally be based on market size and capitalization, as well as speculation based on published data from competitors and general market research.
ICORating made a full thorough analysis of the project and assigned it an impressive Stable+ rating.
The experts note that "the project has advantages over its competitors; a business model and a global marketing strategy are presented, and the token is tied to platform services.
Unlike its competitors, the project has a ready audience as a result of 16+ million installations of the Ubank app; the Ubcoin Marketplace will be part of this, which is an advantageous position compared to competitors that have to build up their user bases from scratch.”