We have created an online retail store known as soko Janja [shop.ubricas.com] to help operationalize wealth creation by each individual in any given community. Enrolled members will participate in posting pictures of their produce, products and services to soko Janja online market place. People from all over the world can view and order posted produce products and services. A small fraction of revenues from items posted on soko Janja will be applied to a health fund. Ubrica will expand its capability to host future worthy Lifescience and health blockchain projects and spinoffs. By creating our coin as a payment gateway at the point of sale for the retailers we will introduce cryptocurrencies to a wider public. As a POS system Ubricoin will accept payments in fiat currency, electronic money, and third party mobile wallet solutions. Users will realize most benefit by using Ubricoin mobile wallet directly. These direct transactions do not incur any fees, and every purchase is also rewarded within our loyalty program.
We will sell 1 billion UBNs to support our online retail store known as Soko Janja (see shop.ubrica.com) to help operationalize wealth creation by each individual in any given community. These 1 billion coins will be sold in four phases at $0.5 per UBN.
For the Ubricoin private sell we have released 100 million coins. These funds will be used to design the platform. Funds will also be used for desktop and field research to assess the market for the local products, visiting manufacturers to sell the idea and register them on our platform and calling and listing manufacturers, clients, suppliers and customers.
On August 1, 2018 which will be the presale we will sell 200 million UBNs. These funds will be used for the development of Soko Janja. We will buy new computers to facilitate maintenance, updates and development of the platform. These funds will also cater to networking capabilities and paying salaries to people who will be working on the platform. We will also use a fraction of the funds raised to market our platform.
There will be a crowdsale on october 1, 2018 where we will sell 300 million UBNs for the development of management capacity and this will include identifying, recruiting, training and retaining human resource for Soko Janja. These funds will be used for strategic planning to scale Soko Janja, organizing and upgrading teams into departments. In coordinating to make sure all the teams are working together in a synchronized version so that all the teams will work as a single whole. We will also create a team controlling financial resources including creating appropriate use of the Ubricoin, token distributions, airdrops and loyalty incentive programs.
At last there will be initial token offering by december1, 2018 where we will sell 400 milloins UBNs for scaling Soko Janja and these funds will be used to enroll 14 million households and to pay 7,250 community workers who will be recruited to register manufacturers and suppliers in the 47 counties, 210 sub-counties and 1,450 wards in Kenya. We will create an incentive program to reward customers who will be buying locally produced products from Joko Janja.