UBE Limited, the Gibraltar-based 100% owned subsidiary of the Company, has launched an IEO on two crypto-exchanges.
The main benefits to conducting an Initial Exchange Offering (IEO) are as follows:
- Access to the existing user base of the exchange to obtain contributions
- Functions as a vote of confidence from the exchange, which has to conduct its own due diligence on the project
- It is safer for the contributor, who knows they can only purchase the token from the exchange & listing on the exchange will be a natural next step
- UBE has launched on the LATOKEN and OEX exchanges
LATOKEN is a rapidly growing crypto-exchange focused on providing liquidity for new tokens. The exchange entered CoinmarketCap’s Top 20 in March 2019, has a $300M+ daily turnover and more than 300,000 registered traders.
OEX is a large Chinese-based exchange which has a daily turnover of more than $400M.
Free Trade Barter
UBE Limited has built an e-commerce platform on the Ethereum blockchain, specifically to disrupt global barter networks. The platform is using the power of blockchain technology to facilitate an on-demand, secure, global medium of exchange between merchants and consumers. The Free Trade Barter Platform allows both merchants and consumers to offer goods and services on the platform without cash fees or interference.
This is a fundamentally different business model to the incumbent players in the barter sector.