Question 1

What is Ubcoin (UBC)?

Accepted Answer

Ubcoin (UBC) was a cryptocurrency developed for the Ubcoin Market, a peer-to-peer marketplace designed to enable the buying and selling of goods and services using cryptocurrency. Launched in 2018, the platform aimed to simplify cryptocurrency adoption by allowing users to exchange products directly for UBC tokens. The marketplace utilized blockchain technology to ensure secure and transparent transactions.

Question 2

What is Ubcoin (UBC) used for?

Accepted Answer

Ubcoin (UBC) was used as the native token of the Ubcoin Market platform. Users could sell goods and services and receive payments in UBC, eliminating the need to convert to fiat currencies. The project aimed to attract non-crypto users by providing an accessible way to acquire digital assets through everyday transactions.

Question 3

Who created Ubcoin (UBC)?

Accepted Answer

Ubcoin (UBC) was founded by Felix Khachatryan, who served as the CEO. Other key members included Mazhar Jan and Andrew Lee (co-founders and investors), Stan Danysh (COO), Alexandr Putilin (CTO and lead blockchain developer), and Marine Lerner (CMO).

Question 4

Current Status

Accepted Answer

As of January 2025, Ubcoin (UBC) is no longer actively traded, and there is limited information regarding its development or maintenance. The project's official website and social media channels are inactive, suggesting that the marketplace may have been discontinued.

***Although 'UBC' was the ticker assigned at the deployment of the Ubcoin Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'UBCOIN' has been adopted for this token. This designation ensures that assets are distinctly identified.***