Token holders can use HUB Token to direct purchase of products, tickets and hotel services, saving time and money.
The new UHUB decentralized platform will use Smart Contracts based on the Ethereum Blockchain, and it will consist of HUB exchange, HUB marketplace, and HUB connector. This will provide an entire ecosystem for the users, where HUB exchange will enable the straightforward exchange of fiat or cryptocurrency for HUBcoin, as well as the wallet for storing the cryptocurrencies.
The HUB marketplace is designed to be a decentralized place where anyone can buy or sell goods directly. Without intermediaries such as payment processors (PayPal, Stripe, BitPay), the fees for each trade will be reduced from approximately 15% to 1%, directly creating the conditions for the cheaper goods. The marketplace will use Smart Contracts to enable a sort of Escrow, ensuring the fair exchange between the parties and keeping the frauds at the minimum.
The HUB connector will enable users to safely buy flight and train tickets, food vouchers, tickets for events, etc. Tickets will be sorted by country and city to match the location of "HUB connector" users. Also, the users will be able to make restaurant and hotel reservations.