UCBI Banking – ICO Detailed Information

UCBI: Global Blockchain Banking System

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. 

The concept of UCBI

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.

The UCBI team

• Rachidi Wadii. The founder and CEO. Wadii claims to be among the early blockchain believers, having joined this space as early as 2008. Before founding UCBI (January 2019), he worked as a district manager at Table Ronde Francaise.
• Anouar Essadni. The co-founder and CFO. After obtaining a degree in Marketing Strategy from the University of Rennes, Essadni worked as a consultant at SIS Consulting and BMCE Bank of Africa. He met Wadii at Venerable Temple Orient, where he holds the post of the president.    

ICO details

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.  

Author: Alex Paulson for Crypto-Rating.com

• Q1 2018. Concept. Concept UCBI Banking. Team Assemble.
• Q2 2018. Research. Apply the concept. Blockchain ERC-20.
• Q3 2018. Legal Procedures. Studying the legal landscape. International and Moroccan law.
• Q4 2018. Law. Complete the legal formalities. White paper conception.
• Q1 2019. Creation. Building of the website. Creation of the UCBI token.
• Q2 2019. Market Places. Introduction in Etherdelta. Introduction in Forkdelta.
• Q2 2019. ICO Distribution. Fundraising. Marketing campaign.
• Q3 2019. ICO Distribution. Fundraising. Marketing campaign.
• Q4 2019. Branch Extension. Opening of business agencies. Morocco - EAU - CI - UE.
• Q1 2020. Expansion of Services. Launching international transfer. Launching savings products line.
• Q2 2020. Second Tokens Sale. Fundraising. Marketing campaign.