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Hello, Satoshi clubbers! Another AMA took place in Satoshi Club . We would like to introduce to you the AMA session with our friends from UCOIN and our guest was Pedro Viera who is CEO of the project. The AMA took place on 5 April.<\/p>\n\n\n\n
The AMA session was divided into 3\nparts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In this AMA Recap we will try to\nsummarise the most interesting points for you.<\/p>\n\n\n\n
Gold Rocket | Satoshi Club:<\/strong> Hello, dear community!<\/p>\n\n\n\n We conclude our today’s AMA marathon series with\nUCOIN.<\/p>\n\n\n\n Today our guest is @pedrovierapr!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> @pedrovierapr\nwelcome to Satoshi Club, it’s an honor for us to have you here😃<\/p>\n\n\n\n Pedro Viera: <\/strong>Hi Dear community!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Hi, how is going\nyour day?<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Hello and welcome\nto Satoshi Club, @pedrovierapr!<\/p>\n\n\n\n We are very glad to conducting AMA with UCOIN!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> @pedrovierapr\nplease tell us a short introduction about you😁💪<\/p>\n\n\n\n Pedro Viera: <\/strong>Hello, it is an honor for\nme to share the project with you today!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Introduce\nyourself please. How did you get to be involved in crypto & UCOIN?<\/p>\n\n\n\n Tell us please about yourself and your position in\nUCOIN.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> [ 🤗\nSticker ]<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>We are also very\nexcited about the upcoming AMA.👍<\/p>\n\n\n\n Pedro Viera: <\/strong>My name is Pedro Viera.I’m the CEO of UCoin. I have over 30 years of experience as a business\nexecutive in the private and non-profit sectors, manufacturing, banking,\nhousing, construction and development, education, start-ups, among others.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> great background👍<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Great experience,\nun placer que est\u00e9s aqu\u00ed Pedro 😁👍<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> What is the\nessence of UCOIN?<\/p>\n\n\n\n Pedro Viera: <\/strong>Bassically, we have the\nvision of facilitating the access and use of cryptocurrencies to all people,\nwithout the need to be experts in crypto.<\/p>\n\n\n\n 👍<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Mass adoption!<\/p>\n\n\n\n This is very promising!<\/p>\n\n\n\n Pedro Viera: <\/strong>Exactly!<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks a lot for\nthe intro! Do you want to add something or can we proceed to the questions from\nSatoshi Club community? 🚀<\/p>\n\n\n\n Pedro Viera: <\/strong>Of course! Our team and I\nare working really hard to achieve that!<\/p>\n\n\n\n I think we can start with questions from the\ncommunity…<\/p>\n\n\n\n Q1 from Telegram User @lukacy <\/em><\/strong><\/p>\n\n\n\n I love the fact that ucoin different from other coin\nis a new generation financial solution that is not based on only technology\nnetwork of users but also on real assets. That would surely make the currency\nstable and better. But there is something not clear, you keep repeating real\nassets, please can you tell the assest it would be based on?.<\/strong><\/p>\n\n\n\n Like we know about others like Tether (USDT) which is\nFiat currency-backed, Digix (DGX) \u2013 Gold-backed \nPetro (\u20bd) \u2013 Physical Reserve-backed and so on.<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>The currency will be\ndeveloped into a business ecosystem that individually has an impressive\npotential, which will positively influence to make the currency more stable and\nbetter. You can read about each of our features, mainly Ubis, Utransfer which\nare currently in the final stages of development.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Thank you so\nmuch, something else to add or do you want to go with the next question?<\/p>\n\n\n\n Pedro Viera: <\/strong>Let’s move on<\/p>\n\n\n\n Q2 from Telegram user @Winner_don<\/em><\/strong><\/p>\n\n\n\n Your project is really amazing with nice privileges\nfor ucoin holders. For those that don\u2019t know there is the Ubis, Utransfer and\nthe UCustody. The Utransfer platform is it all countries that would be able to\nuse it since different countries have different remittance policies? The Ubis\nalso, i noticed that the only supported currencies are cryptocurrencies which\nis okay, do you have any program on ground to educate people about your\nplatform?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>There are a lot of\nquestions in here!<\/p>\n\n\n\n Thanks for your opinion about the project, we have designed\na business model that gives a lot of benefits to our holders and give them the\nbest experience. <\/p>\n\n\n\n With Utransfer we expect to provide worldwide\nservices, we have planned different implementation stages, initially, we will\nstart with Hispanic audience, and then we will progressively include more\nsectors to work with the respective remittance policies of each country.<\/p>\n\n\n\n Regarding Ubis and its use, in the content we publish\nwe try to include educational content to inform the audience in this sector.\nvery soon we will start with content about the operation of the platform,\ndespite the fact that it is currently a friendly and easy-to-use platform.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Amazing news for\nthe hispanic community, there is a lot of crypto users<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for your\nanswer! ready for the next question?🚀<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> 🥳🥳<\/p>\n\n\n\n Pedro Viera: <\/strong>Of course, in addition,\nHispanic community it is a great market for remittances that we will integrate\ninto the world of cryptocurrencies.<\/p>\n\n\n\n I’m ready!<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> I’m happy to know\nan hispanic project<\/p>\n\n\n\n Q3 from Telegram user @MaxiVV<\/em><\/strong><\/p>\n\n\n\n The token sale is dated up to this year (2021) and it\nhas different bonuses according to the quarter of the year that you acquire the\nCoin token. Why is your token offering in 4 rounds specifically? Why does it\nhave different bonuses and not the same for the four rounds? Is it a better\nstrategy for the allocation? In which platform will be and what currencies will\nbe accepted?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>Yes, we are now on the\n4th presale round and it will be over in June. We designed it in that way so\nthe users who bought early were able to earn more tokens according to the\nround. Each round lasts one quarter.\nInitially the pre-sale round was available only in Ubis, later Stex, soon\nLatoken and more will be added along the way. \nPeople can buy from anywhere in the world through the different payment\nbutton options on Ubis Platform.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> How to buy? Could\nyou give us a link to the platform?<\/p>\n\n\n\n Pedro Viera: <\/strong>Sure, here is the Ubis\nLink https:\/\/ubisplatform.com\/index.php\/register<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Thank you Pedro,\nready for our next question?😃<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thank you very\nmuch for your answers! Ready for the next question?🚀<\/p>\n\n\n\n Pedro Viera: <\/strong>Yes, we can continue with\nthe next question…<\/p>\n\n\n\n Q4 from Telegram User @Brainchest<\/em><\/strong><\/p>\n\n\n\n I don\u2019t quite understand what you\u2019re promising under\ncross-border transactions?<\/strong><\/p>\n\n\n\n Will I really be able, thanks to your service, to\ntransfer rubles from Russia to America without paying commission?<\/strong><\/p>\n\n\n\n How will this be done?<\/strong><\/p>\n\n\n\n Fiat is transferred to UCOIN, and then from UCOIN to\ndollars, but this is a fee for transactions within ERC network? Where am I\nwrong please tell me?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>We are working on finding\nthe best way to offer the best fee prices in the market and especially to UCoin\nusers. as you were saying, there actually is a fee for these transactions, (the\nERC or fiat network), but we want to offer the smallest price possible by using\nblockchain technology to make the process cheaper, fastest, and most secure. <\/p>\n\n\n\n And BTW we have been working on building an internal\nprivate blockchain to improve the Ubis transactions and keep making it better\nfor our users.<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Thanks for the\nclear answer! Are you ready for the next question of this part \u0410\u041c\u0410?<\/p>\n\n\n\n Pedro Viera: <\/strong>Yes, let’s proceed with\nthe next question<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Let’s go🥳<\/p>\n\n\n\n Q5 from Telegram user @senewe10<\/em><\/strong><\/p>\n\n\n\n \u201cUCoin is based on providing the most reliable\nblockchain technology<\/strong><\/p>\n\n\n\n ecosystem with unmatched strength, transparency and\nsecurity. \u201d How do you keep your platform safe for Investors and is your\nplatform guaranteed to be protected from hackers AND what makes investors,\ncustomers and users feel safe when working with UCOIN?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>Ubis currently works in a\ncertified datacenter with a bank through Utransfer. We are also working on a data center with a\nperimeter firewall, in order to improve security and continue to improve it as\nthe days go by.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> The platform has\nbeen audited or is in process to be? It is a great way to increase the security<\/p>\n\n\n\n Pedro Viera: <\/strong>We already have been\naudited but we are working on improvements…<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> That’s great,\nusers security first 💪<\/p>\n\n\n\n Would you like to add something before the next\nquestion?<\/p>\n\n\n\n Pedro Viera: <\/strong>Yes, we are always\nthinking on users.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Great work, btw\ncould you share us links to your communities?<\/p>\n\n\n\n Pedro Viera: <\/strong>Sure, you can find more\nabout Ucoin in our official channels https:\/\/linktr.ee\/ucoin<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> Thank you,\nSatoshiclubbers let’s join<\/p>\n\n\n\n Gold Rocket | Satoshi Club:<\/strong> Are you ready for\nthe final question of this part?😉 @pedrovierapr<\/p>\n\n\n\n Pedro Viera: <\/strong>Great idea! , so they can\nstay tuned on our communications<\/p>\n\n\n\n Yes, let’s continue with the next question…<\/p>\n\n\n\n Q6 from Telegram User @garrinepotter <\/em><\/strong><\/p>\n\n\n\n In the roadmap, you mention the creation of the\nInternational Digital Bank. How will it differ from a regular safe deposit\nbox?I want to understand why I should choose your bank for storing\ncryptocurrencies, if I can put my ledger or just a sheet of paper with secret\nphrases in an ordinary bank in a cell. What advantages can International\nDigital Bank have? This can be called decentralized storage?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>Yes, we have been working\non getting licenses for our international financial entity (IFE) so we can\noperate and integrate other features from the ecosystem that should work\ninterconnected to merge. This is a\ndifference between other banking services.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club:<\/strong> I should\nrecognize that you have a great project Pedro. Btw, how big is your team?<\/p>\n\n\n\n @pedrovierapr and please prepare yourself because\nsecond part of the AMA is coming😁, we will open the\nchat and community members will post their questions, you have to choose your\n10 favorites and answer them. Are you ready to go?🥳🥳<\/p>\n\n\n\n Pedro Viera: <\/strong>Thanks for your comments\nabout the project, we started the project just with the development profiles,\nand then the team started to grow and now we have marketing, creative,\noperations&management, project management, and of course the IT team. Also, we have been working with advisors to\nsupport the project.<\/p>\n\n\n\n Ready!<\/p>\n\n\n\n Q1 from Telegram user @Andrey_Seleznov<\/em><\/strong><\/a><\/strong><\/p>\n\n\n\n ERC20 fees are killing the ecosystem, how\ndo you plan to alleviate the situation to make sure users will not have to pay\ntens or hundreds of ucoins per transaction? It is safe to assume fiat users\nwill not switch to blockchain transactions if the fees will be higher<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>In\nagreement with you, to avoid the user having to pay high fees we have enabled\nthe user to choose to carry out certain transactions in TRC20 considering that\nthe fees are lower. In addition, we also develop a private blockchain for\ninternal transactions in Ubis platform.<\/p>\n\n\n\n Q2 from Telegram user @KhaleesiTheCryptoLady<\/em><\/strong><\/strong><\/p>\n\n\n\n Can you share to us your roadmap? What are\nthe upcoming plans and events that UCOIN currently preparing for the community\nespecially for new users? <\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>Sure,\nhere you can find next steps an future plans for UCoin. We recently launched an IEO in Latoken and an\nAirdrop was launched in parallel. We\nwill be announcing more activities in Stex soon so that our community can earn\nUCoin tokens and get involved in the project. We also plan to launch UTransfer\nfor the first half of this year, we are working on strategic alliances and\nbanking licenses to operate in as many countries as possible and thus\ncontribute to the massive adoption of cryptocurrencies, which is our main\nobjective. https:\/\/ucoincurrency.io\/#roadmap<\/p>\n\n\n\n Q3 from Telegram user @highpee<\/em><\/strong><\/strong><\/p>\n\n\n\n One product feature you will have is Money\nTransfer (Utransfer) which will help in Keeping cross-border payments fees low,\nspeeds high and easy access. Will it function similarly like other cross-border\npayment solution like PayPal, Western Union or MoneyGram? Will these payment\nsupport FIAT as well as cryptos? Are there are regions that will be limited\nfrom using this feature? <\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong> Actually, this is the beauty of our ecosystem,\nUtransfer will be working along with Ubis, so you can use your crypto balance\nto operate in Utransfer and make your cross-border payments.<\/p>\n\n\n\n as I was saying before, we are working on the first\nstage by now and we are planning to offer the lowest fees compared to others\nbrands.<\/p>\n\n\n\n Q4 from Telegram user @feranno<\/em><\/strong><\/strong><\/p>\n\n\n\n Investors, of course, focus on earning\nmore. Are UCOIN products really good investment tools? How do you persuade\ninvestors who are hesitant to invest in your project?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong> We are focused on offering a complete service\nto our users, so it can be useful to crypto and non-crypto users, and our\nfeatures have been thought to work hand in hand with each other. we think that\na project like this is urgently needed because currently cryptocurrencies are\nbeing applied to all sectors of the world and no one should be out of it. <\/p>\n\n\n\n we actually cant force anyone to invest, we only want\nto offer a promising project and the investors can make their decision on their\nown.<\/p>\n\n\n\n Q5 from Telegram user @Xusuo<\/em><\/strong><\/strong><\/p>\n\n\n\n Can you explain about UBIS platform, what\nis this platform use for in UCOIN ecosystem? And also I read you have program\nname UREWARD inside UBIS platform, is this same like refferal program?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong> Yes, our goal is to make Ucoin your everyday\ntransactional digital currency so Ubis platform will allow users to perform\ndifferent functions, such as storing their funds in the digital platform,\nsending and receiving currency, and most importantly, will allow access to your\nmoney anytime and anywhere. About\nUreward, it’s our reward program you can find here many ways to earn tokens.\nhttps:\/\/ucoincurrency.io\/ureward\/<\/p>\n\n\n\n Q6 from Telegram user @Airborne19<\/em><\/strong><\/strong><\/p>\n\n\n\n Except AMA’s what is you other marketing\nstrategies and what is your opinion about marketing results for now ?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>We\nare actually having a great acceptance in the community and from here, we are\nplanning on focus on PRs and attract more users from other social media. we\nhave accomplished great results in the marketing area to date.<\/p>\n\n\n\n Q7 from Telegram user @Garinepotter<\/em><\/strong><\/strong><\/p>\n\n\n\n You take on very serious obligations to\nclients and most likely you should have enhanced measures to identify\nfraudsters. Tell us about how you check users who come to the platform and do\nyou have legal support<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>We\nhave established processes that allow us to identify the origin of\ntransactions, transparency and legality. Users who make transactions on the\nUbis platform must pass the 2FA and KYC to be validated by the platform.<\/p>\n\n\n\n Q8 from Telegram user @vedamatrix<\/em><\/strong><\/strong><\/p>\n\n\n\n Will I able to cash my money through ATM?\nI will I able to spend my Ucoin on supermarkets?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>We\nhope to achieve these expectations that contribute to the massive adoption of\ncryptocurrencies. We are working on the integration of credit cards to UCoin\nBusiness Ecosystem and strategic\nalliances with commercial establishments so that people can use it.<\/p>\n\n\n\n Q9 from Telegram user @boylut<\/em><\/strong><\/strong><\/p>\n\n\n\n You said you have planned different\nimplementation stages, but will start with Hispanic audience first, why\nHispanic audience and not South East Asia? I feel crypto adoption is more higher\nin South East Asia than in any other region<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>Referring\nto UTransfer, the implementation would start with the Hispanic market since it\nis where the largest amount of remittances comes worldwide and we could add\nthem to the cryptocurrency project. It does not mean that it is our main\nmarket.<\/p>\n\n\n\n Strongly agree with you, the audience from Asia is the\none that has had the most adoption of cryptocurrencies, according to our\nmarketing analytics we have had a considerable acceptance from Asia and Europe\nand we hope to reach this market with each of the UCoin Business Ecosystem\nfeatures.<\/p>\n\n\n\n Q10 from Telegram user @csgonub<\/em><\/strong><\/strong><\/p>\n\n\n\n Other blockchains might be better\nalternative for UCoin to be built on as because the gas prices so high on\nEthereum. But why did you choose erc20?<\/strong><\/p>\n\n\n\n Pedro Viera: <\/strong>When\nwe started building this, the Ethereum network wasn’t so expensive as now, and\nthere were no many choices, but now that this happened, we are aware of this\nand we develop a private blockchain to work internally with Ubis and we are\nworking on insert TRC20 too as an option because of their low fees.<\/p>\n\n\n\n As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about the crypto project. A link to a Quiz\nform was sent into the chat.<\/p>\n\n\n\n For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n English Telegram group: https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n Russian Telegram group: https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n Spanish Telegram group: https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n Telegram Channel: https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n Twitter: https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n Our\npartners:<\/strong><\/p>\n\n\n\n Telegram: https:\/\/t.me\/ucoincurrency_chat\/<\/a> <\/p>\n\n\n\nPart 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n