appreciation in value and usability for real world transactions
- Coin Types
In order to realize two separate objectives – usability for real world transactions and appreciation in value as an investment vehicle – we have created two coins, specifically designed to fulfill each purpose.
Reduced Friction Costs
We will be able to offer instantaneous transfer of wealth at a fraction of the cost of alternative options in the marketplace. Currency conversion fees, bank fees, and wire transfer fees will be avoided entirely by transferring funds via the Transaction Coin.
Key Differences Between The Coins
|Characteristic||Transactional Coins||Progressive Coins (BIQP)|
|Number of Coins Issued||Unlimited but based on market need||Limited|
|Potential for Appreciation||No - Stable Value||Yes|
|Revenue Share||No||Up to 20%|
|Purpose||Domestic and international transfers
Purchases of goods and services
Other financial transactions
Store of value
|Appreciation (traded on exchanges)|
Store of value</td>
|Security||Each coin backed by cash and cash equivalents equal to $1.00||Underpinned by a 2 year financial guarantee of $1.00 per coin that is distributed to coin holders upon a triggering event|
Transaction Coins will be used to make purchases or transfer money; and can be held as a stable store of value. A blockchain will track all Transaction Coins minted, as warranted by consumer demand, and cash receipts from newly minted Transaction Coins will be invested in ultra-low risk assets, but they are not part of this ICO. Importantly, greatly reduced volatility in the ongoing value of the Transaction Coin will allow UBIQUICOIN to confidently penetrate the marketplace and solidify market share. In this way, UBIQUICOIN will be able to mitigate the obstacles that have prevented other cryptocurrencies from becoming useful means of commerce, instead of purely speculative investment vehicles.
Total Progressive Coins in circulation will be capped by smart contracts that prohibit additional coins from entering the market from the reserve until pre-determined requirements have been met. Similarly, the reserve cannot be increased without consensus approval. Therefore, the number of Progressive Coins in circulation will be limited, predictable, and fully disclosed. Progressive Coins will receive up to 20% of revenue from the UBIQUICOIN ecosystem, paid in Transaction Coins. Assuming the adoption and usage of Transaction Coins increases over time, the pro-rata share of the revenue stream is expcted to increase.