Ubanx - ICO Review

Crypto and blockchain technologies are capturing the attention of everyone, everywhere these days. However, institutional investors still hesitate to join the sector in greater numbers. Most likely, their hesitation comes due to the lack of regulations, and the risk is simply too great. As long as the regulators do not come to a decision, the crypto sector could go either way, and they are not ready to take that risk.

The situation is a bit different when it comes to retail investors. The cryptocurrency sector needs a cash flow to live and evolve, and retailers were among those who were supplying it with this fuel in previous years.

Even so, there is still a decent-sized gap between the two sectors. A gap that could be bridged, and eventually closed, which might be a huge step in cryptocurrency's struggle to reach mainstream adoption. It is likely that the true victory will not come until institutions accept the trend, but retail is a good place to start the journey, and the project known as Ubanx understands it.

About Ubanx

Ubanx is a project that has a goal of becoming a highly user-friendly, real-world connection between the retail sector and the digital currency economy. It is one of the projects that aim to close the gap between the two and bring a plethora of new opportunities along the way.

Ubanx has its own set of core values — a set that is shaped and changed in accordance with the goals of its developers. These goals are the desire to bring the information flow and transparency of the entire crypto ecosystem from the customers' perspective.

Ubanx also wishes to create and launch proper tools for the development of communities, as well as onboarding. That way, the crypto sector, and digital finance, in general, could become education, solutions, applications, and alike.

Ubanx would provide trading terminals, onboarding to third-party exchanges, as well as training for all retail customers that wish to get involved with crypto. It would also have online courses regarding the digital assets industry, available around the world. In addition to that, Ubanx would also provide a physical space for a crypto store, where it would sell mining equipment, hardware wallets, and alike.

The project also plans details such as a cafe/co-working area, where users can relax, grab a snack, and more. And, of course, there would be real-world benefits for those who approach the project, such as access to VIP Airport Lounges around the world, thanks to the project's partnership with PriorityPass.

But, to start it all off, the project first needs to launch its own native token.

Ubanx ICO details

So far, Ubanx did not reveal the time and date of its ICO. But, it is known that there will be one and that the project will sell BANX token. This is a utility developed on Ethereum's platform, meaning that it will be an ERC-20 token.

The project had already announced a bounty, and it features an MVP. Also, even though the time of the ICO was not revealed as of yet, it is known that the price of 1 BANX will be 0.12 EUR. But, the project will only accept ETH coins.

The project itself was registered in Singapore, and anyone apart from Korea and the US can participate, as long as they go through the KYC procedure.

Author: Ali Raza for Crypto-Rating.com

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StartJuly 8, 2019
EndOctober 28, 2019

It's very suspicious that the professional profile of Pablo Orlando, a person who's said to be the chairman and the president of Ubanx, doesn't have a single mention of this startup while featuring the whole bunch of other projects, like Bluesmart and Avenida. In fact, only Janes Cochesa, the Head of Operations, has Ubanx listed as one of his places of occupation. Needless to say that it's a gigantic red flag that suggests that I should steer clear of Ubanx.

Cryptonoid   September 25, 2019  

I don't understand why Ubanx forces me to register an account to merely access their website. Well, obviously, they want my email address in order to spam me with junk newsletters. That is one cheap marketing trick, which is also a big turn off for me and other visitors. And from this Ubanx review, the project doesn't offer anything unique and appealing enough for me to give out a piece of personal info just to browse their website.

Cooper   August 10, 2019  

In other words, the project has a good goal, but bad execution, which could be more than enough to cause failure.

Dennis   July 30, 2019  

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