UCBI is the London-based blockchain project that has a goal of creating a decentralized data bank that should bridge the gap between the crypto space and real economy, and provide users with access to innovative banking technology. The title of the project stands for the Union of Cryptocurrencies and Blockchain International. UCBI is currently holding a pre-sale of the token of the same name that will be a crucial component of their blockchain-enabled ecosystem.
By using the Ethereum blockchain as a foundation, UCBI attempts to build a digital pass technology that should facilitate the process of digitization of various industries, as well as allow access to UCBI's proprietary banking system for legal entities and individuals from all around the world. The planned ecosystem will combine the speed and security of digital currencies with compliance and standardization of banking KYC/AML protocols, which is basically what many crypto projects are trying to achieve in this sphere.
The ultimate goal of UCBI is to develop an all-encompassing ecosystem that would provide users with access to an international broker network, a crypto-based marketplace, and a digital data bank. The use of Ethereum smart contract would grant customers the self-executing investor and issuer rights, which includes the automated payment of dividends, document handling, etc.
The startup introduces the ERC-20 compliant token UCBI that will serve as a means of exchange, investment, and payment for the platform services.
If you consider purchasing UCBI tokens, now is the best time to do it since the project currently has a pre-sale that is scheduled to last until October 17, followed by the fully-fledged ICO. At this stage, UCBI offers 12 million tokens for sale, having established a hardcap of $12 million.
The crowdsale will begin on January 18, 2020, and will last almost throughout the year, up until October 18, 2020. As of the time of writing, the early investors have already purchased more than $3 million worth of UCBI tokens, as indicated on the homepage of the project's official website. Therefore, it would be safe to assume that the startup has good chances of reaching, or even surpassing, the mentioned hardcap.
The price of 1 UCBI at the pre-ICO stage was established at 1 EUR, but during the ICO, the investors would have to pay 1.163 per this utility token. There is a minimum investment threshold of 300 UCBI (or 300 EUR), which is quite appropriate even for a small-time investor who believes in this company. UCBI accepts ETH, XRP, BTC, LTC, MAD, and fiat currencies (EUR and USD). Whitelisting and KYC are mandatory for all investors, though not all of them will be able to partake in this venture since Syria, Iran, Sudan, Somalia, North Korea, Yemen, and Cuba have been placed on the list of restricted areas.
|Start||October 18, 2019|
|End||January 18, 2020|
|Hard cap||$12 000 000|
|Minimum investment||300 UCBI|
|Tokens for sale||3000000|
|Accepting||ETH, XRP, BTC, LTC, MAD, EUR, USD|
The ideal blockchain-based banking system is too complicated to be described in such simple terms as it has been done in the UCBI whitepaper. Nevertheless, I don't invest in projects with 100% viable tech or a concept that could disrupt some industry. My only interest is the potential for a pump at the initial stages of exchange listing. I won't tell you the exact reason, but UCBI has the necessary characteristics of a pumpable token, so I am going to keep watching it until the last day of the token sale.
TooSmart January 11, 2020 Reply
I have visited the Twitter page of UCBI Banking and found out that they had posted only 98 tweets, the last of which was more than a few weeks ago. That speaks volumes about the project's attitude towards its product as well as potential investors, which is utterly negligent. Who on Earth would invest in a project that has such a pathetic social media presence? I reckon that would be only fools and horses.
Yannick December 14, 2019 Reply
Here we go, another little known startup that tries hard to sell us the idea of blockchain-based banking. Didn't we see all that many times before? Where are those revolutionary crypto banks that promised to "disrupt the space" and "make the world a better place"? They are nowhere to be seen anymore - the same would happen to UCBI Banking. I went to their Twitter in search of some news about the ecosystem development and such, but found only reposts of some random crypto-related articles.
Crypto_Dog November 27, 2019 Reply
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