Public Crypto BLOG: UHUB - E-Commerce Using Decentralized System

UHUB is an ecosystem that consists of: Hub Exchange, Hub Connector, and HUB Marketplace. Users in the ecosystem can exchange goods and services through HUB Exchange transaction portal. The main payment method on the platform is going to be HUBcoin. On the Hub Exchange, users can trade (buy and sell) HUBcoin directly with anyone around the world. This decentralized money exchange function eliminates the burden of fees/charges on exchange transactions, bypassing traditional exchanges. The exchange rate of HUBcoin will be based on its value on the centralized exchanges.

Technology is rapidly growing and diversifying. As it does, more and more businesses are using technology to facilitate their transactions. Many of the most prominent commercial entities, such as Amazon, eBay, Alibaba, Lazada, etc. have achieved their success through e-commerce development. To make transactions more convenient and seamless, developers have created new payment solutions, such as PayPal, Alipay, Visa, Mastercard, etc., which has provided users a better online shopping experience.

Payments have never been so fast. Traditional payment systems require many more steps to process just one transaction, which often carries high fees. But with UHUB, payment system can be fast and simple with nearly free fee.

The transparency provided by blockchain technology, paired with Ethereum smart contracts are new advances which will help e-commerce growin an entirely new way. Combining blockchain technology with e-commerce will enhance the efficiency of business, increase the income for the seller, and reduce the cost to the buyer.

Using the Hub Exchange, the user can be a buyer or seller. With payment options that allow tracking spending habits, users don’t need to carry cash in their wallets and keep track of the money every time they make a payment. Businesses can also utilize the UHUB ecosystem to find a large number of potential customers and can bring their services to the vast majority of users in UHUB community.

UHUB is imagined as a safer, cheaper and less time-consuming e-commerce ecosystem, allowing the users to find everything they need in one place.

HUB EXCHANGE
HUB Exchange is our solution for the problem of using too many different electronic wallets. Users will be able to keep hundreds of different digital currencies in just one wallet. The wallet is meant to save time and make transactions easier.

Hub Exchange Features :

Deposit
Users can deposit different types of cryptocurrency or fiat currency into their account on HUB Exchange and create different altcoin wallet addresses allowing them to receive, store and keep track of their altcoin transactions. We will also build a Blockchain system with the top one hundred cryptocurrencies (by market cap), allowing safe keeping with advanced security layers such as fingerprint scan, iris scan, etc. Ensuring that the money you receive, send or keep in the wallet is 100% safe.

Send
Users can send money to friends, partners, or pay for services using the Hub Exchange. This function will help users to manage transactions, recipient addresses, and to track their transactions via the Etherscan.io - explorer of the Ethereum blockchain.

Withdrawal
Users can transfer money to a bank account/other online accounts, or withdraw to the national currency of their choosing. Also, users can transfer money to a new account as long as they verify the identity of the new account. All transactions are executed only after verifying the destination account, protecting users from losing their money.

Exchange Bitcoin/Altcoins
Users can trade cryptocurrencies with different trading pairs in the Hub Exchange, including HUB Coin. The Hub Exchange will be released globally and supported by applications for the web, desktops, and smartphones with user-friendly interface. It will be a small trading platform, but it will work between Bitcoin, altcoins, and the HUB Coin. Also, we will create an ecosystem with other ICO coins based on Ethereum Smart Contracts, allowing users to easily exchange the coins and minimize the “GAS” fee.

HUB CONNECTOR

Money exchange, Peer-to-Peer cryptocurrency exchange allow customers to trade digital currencies or fiat currencies among themselves. On the HUB Connector system, users can use their smartphones to find the buyers or sellers, their location, and then confirm the deal. Instead of searching for an ATM to withdraw money, now users can just find the nearest user who will agree to exchange the currency with them.
Ticketing service, Buying tickets online is now safe thanks to the application of the Blockchain solution. Businesses and individuals can make quick trades, including the purchases of flight tickets, train tickets, food vouchers, etc. With this operating system, businesses can easily open electronic ticketing services on the HUB Connector ecosystem, bringing service providers and customers closer together. Tickets will be filtered by country and city to match the location of the “HUB Connector” users, providing the best service to users.
Hotel services, Along with the help of the community, we will directly or indirectly develop restaurant and hotel systems. Users will be able to book a hotel room directly through our system. Users can make money from hotel reservations, ticketing, and money exchange services while traveling in two ways, Directly: sellers can contact hotels directly to accept HUB Coin or Indirectly: we will use the API system on e-commerce sites, such as Agoda to automatically convert your currency so that you can efficiently use HUB Coin for payments.
Delivery service, When you are traveling or just want to order something from a foreign country/another region, and there is no available shipping method to your address, HUB Connector can help you. You can buy an item or play a role of a shipper (ordering for someone or asking someone to order for you).

All transactions are facilitated through the Smart Contract from the HUB Connector system, protecting service providers as well as buyers while participating. We will support two payment gateways - HUB Pay and PayPal. With HUB Pay, all transactions are free. With PayPal, users must pay 2% fee per transaction.

Tracking payments is simple with the support of the “HUB Marketplace” application that the vendor uses. The application records and distributes the product according to a set algorithm combined with a smart contract. The following diagram represents the delivery process:
B2C - Business to Customer, B2C includes commercial transactions on HUB Marketplace between a business and a customer, in which individuals are target customers. This form of trade is applicable for any businesses or organizations who sell their products on HUB Marketplace.
C2C – Consumer to Consumer, C2C is a form of e-commerce among consumers. This type of e-commerce is categorized by the growth of the electronic market and online auction market, especially with vertical industries where companies/businesses may bid for the desired products from different suppliers. C2C has the most significant potential for developing new markets.
B2B - Business to Business, B2B is an e-commerce business model where transactions occur directly between enterprises. Companies can initiate transactions using electronic communication through the HUB Marketplace.

UHUB Crowdsale

Pre-ICO : November 16st - November 25th 2017
ICO Crowd sale : November 25th – December 10th 2017
Price Initial : 1 ETH= 4000 HUB
Minimum purchase : 0.01ETH
Blockchain : Ethereum

Only accept Ethereum

Soft Cap : 18000 ETH.

If the “Soft Cap” reaches the target before the 30th day ends, we will accept additional contributions for 72 hours (if you own a significant amount of HUB).

Hard Cap is : 167,057 ETH

Any tokens not bought in the ICO will be burned automatically by the smart contract.

Additional : 72h if soft cap is reached
Maximum number of tokens generated : 1,156,789,000 HUB
Pre-Sales bonus of 30% (1ETH = 5,200HUB) max 100,001,200 HUB
Partner bonus of 30% (1ETH = 5,200HUB) (Hold by Developer wallet)
Crowd sale from November 25th 2017 to December 10th 2017 15% bonus (1ETH = 4,600HUB) Max 200,000,000 HUB
After 5 days 5% bonus (1ETH = 4,200) Max 100,000,000 HUB
From the December 5th until the end there will be no bonus (1ETH=4,000) Max 280,000,000 HUB

UHUB TEAM