We are pleased to announce our next AMA on April 5th 2021 at 04:30 PM UTC Time: Satoshi Club x UCOIN
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join UCOIN Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. UCOIN Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about UCOIN
For more details:
UCOIN Website – ucoincurrency.io
UCOIN Telegram – @ucoincurrency_chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I love the fact that ucoin different from other coin is a new generation financial solution that is not based on only technology network of users but also on real assets. That would surely make the currency stable and better. But there is something not clear, you keep repeating real assets, please can you tell the assest it would be based on?.
Like we know about others like Tether (USDT) which is Fiat currency-backed, Digix (DGX) – Gold-backed Petro (₽) – Physical Reserve-backed and so on.
Your project is really amazing with nice privileges for ucoin holders. For those that don’t know there is the Ubis, Utransfer and the UCustody. The Utransfer platform is it all countries that would be able to use it since different countries have different remittance policies? The Ubis also, i noticed that the only supported currencies are cryptocurrencies which is okay, do you have any program on ground to educate people about your platform?
Currently in the world of blockchain and digital operations, one of the great problems of vital importance is Low security that is offered in the various platforms that provide services online. How does Ucoin respond to security attacks and what tools are implemented for the security of the assets of the people who carry out operations with Ucoin?
In these times of global anguish and despair due to a pandemic, the vast majority of people choose to work from home online, but I find that many platforms have transaction limits. Do you have any solution for it? How do I know that I can trust the people who exchange on your platform, do they have a KYC method?
UCoin is an ERC20 utility token created to work in an ecosystem of business applications to have global circulation and address the basic daily transaction needs of the holder. From what external entities do I need Ucoin support to forge itself? What market needs does Ucoin cover? What is the commitment to the financial ecosystem?
It came to my attention the fact that one of the problems UCoin aims to solve is the Industry Problem: Slow Transactions with high fees. But, while reading about your token I saw that it is a ERC-20 token, and as we know Ethereum is facing this problem of ridiculously high fees, so, how does UCoin intend to solve this situation while having a token on a blockchain that is having the same problem?
I read that one of the characteristics of UCustody is that individual investors can set up beneficiaries of their custodial accounts. Can you tell us more about this feature and how will it exactly work? What are the benefits of having beneficiaries? And how can someone set up beneficiaries and how many of them are possible to set to one account? Also, once someone is named as a beneficiary can they be removed whenever the owner of the account wants?
I read that UCoin have something called “Ureward Program”, could you tell us more about it? What are the rules and conditions we need to follow up in order to be part of the program and what are some of the benefits of being part of it? Also, I read that as one of the things we can do to get rewards is to invite friends and family to join UCoin Community, how will you make sure people is not using multiple accounts to get more rewards than others?
I saw in you website that you’ve built a Token with features like no other in the market, but UCoin is an ERC20 utility token, and the ETH network have been so congested with high fees, don’t you think it’s a big disadvantages for you? or what are those features of your token that recompensing the mentioned before?
The token sale is dated up to this year (2021) and it has different bonuses according to the quarter of the year that you acquire the Coin token. Why is your token offering in 4 rounds specifically? Why does it have different bonuses and not the same for the four rounds? Is it a better strategy for the allocation? In which platform will be and what currencies will be accepted?
“UCoin promises added value for its users that is not offered
for other coins. “Heard it was great, have you done it? Where can I see it?
“UCoin is based on providing the most reliable blockchain technology
ecosystem with unmatched strength, transparency and security. ” How do you keep your platform safe for Investors and is your platform guaranteed to be protected from hackers AND what makes investors, customers and users feel safe when working with UCOIN?
Given the erratic market cycles in crypto with years gone by with almost no action by new investors, what metrics would you measure for the success of your project apart from the ERC-20 token price and the NFT bond value? What is your overall marketing plan and strategy to scale in the coming months and years?
It is mentioned that UCoin ensure transparency in all its projects. Can you please elaborate with who you are partnering in auditing of this transparency?
I believe that UCoin has many compatible features on its platform or projects. Could you please tell us what features at the UCoin that will attract users on the project?
UCoin is an ERC20 utility token created to work in an ecosystem of business applications to have global circulation and address holder’s basic daily real-life transaction needs. So what’s your pure vision in launching your UCoin currency and may we know it’s Tokenomics and it’s utilities? Also where we can buy your token and where it currently listed?
A comprehensive solution to the adoption of cryptocurrency by the masses is needed & current coins cannot solve their entry barriers issues fully. So how are you different from other coins out there and how will UCoin addresses critical barriers to crypto mass adoption and bringing utility features to the customers and the industry?
Universal Coin International, Inc. (UCI) is a diversified Fintech company and the main goal of your company is to be the bridge of the financial and technological worlds. So how will you accomplish that goal of yours and tell us why we should choose and trust you in the first place? Also what’s make you different and unique from your competitors?
UCoin through it’s custodial feature “Ucustody” has been able to digitalize and revolutionize an old financial tradition while making it transparent, decentralized and secured. With Ucoin acting as the primary custodians of these valuable clientele assets, can you carefully outline the measures and security features employed to guarantee an unwavering customer confidence and trust in your cold storage ability and are there exceptions and durations to what type of custodial service Ucoin manages?
Ucoin via it’s Ucoin Business Ecosystem (Ubis) aims to make cryptocurrency and it’s unique, profitable and diverse services accessible to all. Most of the financial services offered by Ucoin has a wider and larger traditional application as well as users. I want to know how Ucoin will effectively manage and merge the uniqueness of both worlds (centralized & decentralized) while also providing world class and innovative services accross board?
You promised to form alliance with some strategic marketplaces that don’t accept crypto as form of payment and i am sure it will require you partnering with some e-commerce setup. I will like to know how it is coming through and the first e-commerce store you would like to patner with or maybe you have partnered with.
I will like to also give kudos to your team, when they achieve this because this is one of the drawbacks affecting crypto as of today.
There is the countdown on your website following the statement we are in round 3, i will like to know what happened in round 1 and round 2, if you can briefly explain.
Your promotion mainly is how to make Ucoin adopted by everyone in all regions of the world but looking at the fact that ucoin is on the Erc-20 server, do you think people will want to adopt due to the high cost of gas fees or do you have plans to amend it later in the futures.
I love the fact that you are looking into the issue of making global transactions easier (kudos to your team), i want to know how many countries you plan to cover and how many are already in action as we speak. I will also like to know if their is going to be reduction on the transaction fees or what you plan to do with the Erc-20 gas fees.
I read in your whitepaper, the plan to give us full banking options, which requires storing our crypto and also providing us with debit and credit withdrawable cards. Looking at the perspective that banks do provide loan for users in fiat currency, do you have plans of providing loans for users in crypto and what do you think the collateral can be if you plan to do so.
If you plan to make crypto adopted by the masses around the world either by providing seamless and global transactions with low cost transaction fees, then how do you plan to reward the financially when they use your product and platforms.
Ucoin website says it is backed by an international financial ecosystem, do you mean traditional CeFi institutions? Who are the biggest adopters of ucoin, current and planned? Will ucoin support direct fiat exchange to take over traditional payments?
Marketing is an important factor for every project. What is your strategy to attract new users and investors to your platform and keep them long term?
What are your plans to drive adoption and use of the request network?
Can you do online monitoring of the most important ecosystem indicators? For example the number of connected Internet sites, the total number of burned tokens, the number of users per day ?
Are developers still building on Request? It seems there was a Request fund set up a while back and a few apps were built, is there still any interest or new dApps being built on Request?
Ucoin is seen to be on the Ethereum network, may we know why please?
Ethereum gas fee is so high. Why not try and join the futures interest by making better plans to solve the issues of high fees
Can you tell us more about the ucoin tokenomics, will it be an inflationary, deflationary or maybe static coin pegged to the USD? What usecases make ucoin better than USDC and will sway users to your side?
ERC20 fees are killing the ecosystem, how do you plan to alleviate the situation to make sure users will not have to pay tens or hundreds of ucoins per transaction? It is safe to assume fiat users will not switch to blockchain transactions if the fees will be higher
What will be the parameters put in place to ensure that investors do not loose their funds to circumstances that will lead to the reduction of the value of ucoin.
A comprehensive solution is needed for the adoption of cryptocurrencies by the masses. Current currencies cannot fully solve your barrier-to-entry problems. How does Ucoin address these critical barriers? What are the useful functions it presents?
A comprehensive solution is needed for the adoption of cryptocurrencies by the masses. Current currencies cannot fully solve your barrier-to-entry problems. What benefits does Ucoin offer for me to choose it? What are the main components that will be available to Ucoin holders?
What is the LAToken Airdrop that’s on UCOIN website? Are you running an airdrop with LATOKEN? If yes, what is the requirements to be able to recieve $UCOIN token?
UCI’s goal is for UCoin to have a comfortable global presence and recognition, with active consumers all around the world. What strategies does Ucoin intend to implement for its expansion? How do you get closer to meeting this goal? What is UBis for?
Universal Coin International, Inc. (UCI) is the issuer of UCoin cryptocurrency. Can you tell us the background of this company? Who are involved and running UCI and what country are they located and operates their physical office?
One of Ucoin’s main goals is to support its holders daily life transactions. But $UCOIN is an ERC20 token, Ethereum gas fees is expensive right now. How can you promote UCOIN ecosystem’s currency payment system with such high gas fees? Do you already have answer with this problem?
Great opportunity to be part of ucoin aka and I hope and believe its going to be a life changing project and when I invest with you its going to yield great result .. What price do we get to see ucoin in the next 2 years and what are the mapped strategic plans in achieving the needed result
I saw that you planned on 4 rounds of token sale. The first, second round are complete and now according to what is on the site, you are in the 3rd round. Normally in your whitepaper, you should have completed the 3rd round and start the 4th round. What is delaying? What were your challenges? And when will you end all sales?
I was surprised to learn that investors can create beneficiaries of their custodial accounts so that their digital assets are distributed among the respective heirs after their death. This is a very important topic in our not calm time. Tell us about how we can use this service. As I understand it, for Therefore, I must transfer the right to manage my funds to your company. What guarantees do users receive when transferring funds to you? Is there a guarantor who can pay off debts in the event of your bankruptcy?
So UCOIN is a utility token, I want to ask why a project need your token? And how do you make sure that UCOIN will go for maximum transparency if they use your token? Can you explain?
What are your pre sales soft-cap target for the 4 different rounds? How far have you gotten and how much left? Will you open another round if target is not reached?
I read that LATOKEN now is prepare to launching an airdrop for UCOIN, is that mean you will listing on Latoken? Can you share what requirement to join in your airdrop?
In the roadmap, you mention the creation of the International Digital Bank. How will it differ from a regular safe deposit box?I want to understand why I should choose your bank for storing cryptocurrencies, if I can put my ledger or just a sheet of paper with secret phrases in an ordinary bank in a cell. What advantages can International Digital Bank have? This can be called decentralized storage?
One of your core mission is to provide a commercial environment with fast transaction and lowest fees possible. But according to you, the project is based on ethereum platform and blockchain which is known for high gas fees?
Well you have a reason for that, can you tell us? And also, is there any other fees users would pay? And how do you plan to reward user.
You take on very serious obligations to clients and most likely you should have enhanced measures to identify fraudsters. Tell us about how you check users who come to the platform and do you have legal support
Can you explain about UBIS platform, what is this platform use for in UCOIN ecosystem? And also I read you have program name UREWARD inside UBIS platform, is this same like refferal program?
I don’t quite understand what you’re promising under cross-border transactions?
Will I really be able, thanks to your service, to transfer rubles from Russia to America without paying commission?
How will this be done?
Fiat is transferred to UCOIN, and then from UCOIN to dollars, but this is a fee for transactions within ERC network? Where am I wrong please tell me?
I understand that the coin aims for a solution in real-life payments; how do you plan to attract high quality marketplaces for alliances?
You’ve been in the crypto space for a while, what was your real source of inspiration to keep working during the bear market? Have you made changes along the way since you see the change in trends?
What is your strategy for building a strong community? Do you agree that the power of the community will lead your project to develop globally? What services do you provide to the community?
You have one of the most well developed and transparent white papers for not-live projects that I’ve ever seen, but what are the actual incentives and strategies to comply to aplicable laws since you aim to be a global payment, and how do you plan to scale your alliances?
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