UBPC stablecoin, backed by the Swiss Franc(CHF). Buy or not?

[Brian TH]

I am thinking to invest in this project - Bitcoin forum link https://bitcointalk.org/index.php?topic=5058492, what do you think about this?
Union Bank Payment Coin
Symbol: UBPC
Accepted Currency: ETH, BTC
⟠ Ethereum (ETH) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 ETH = 500 UBPC + 20% bonus (01.01.2019)
₿ Bitcoin (BTC) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 BTC = 7000 UBPC + 20% bonus (01.01.2019)
1 Union Bank Payment Coin (UBPC) = 1 Swiss Franc (CHF)

[Psynthax]

I am thinking to invest in this project - Bitcoin forum link https://bitcointalk.org/index.php?topic=5058492, what do you think about this?
Union Bank Payment Coin
Symbol: UBPC
Accepted Currency: ETH, BTC
⟠ Ethereum (ETH) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 ETH = 500 UBPC + 20% bonus (01.01.2019)
₿ Bitcoin (BTC) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 BTC = 7000 UBPC + 20% bonus (01.01.2019)
1 Union Bank Payment Coin (UBPC) = 1 Swiss Franc (CHF)

Lol is that real if that stable coin was offering the bonus? this looks a scam project. It can't be trusted dude, i never heard if there was a stable coin project that offers the bonus to the investors or even participants.
I will not invest my money on such project.

[JimmyNg90]

Lol is that real if that stable coin was offering the bonus? this looks a scam project. It can't be trusted dude, i never heard if there was a stable coin project that offers the bonus to the investors or even participants.
I will not invest my money on such project.

  The first question appears in my mind while I read the subject: Investing in stable coin, what for? It's stable and just exchange fiat - stable then losing fees. It looks like: Hey, you give me $100 and I will give you back $120. What a best kind of investment!!!

[dearbesz1219]

I am thinking to invest in this project - Bitcoin forum link https://bitcointalk.org/index.php?topic=5058492, what do you think about this?
Union Bank Payment Coin
Symbol: UBPC
Accepted Currency: ETH, BTC
⟠ Ethereum (ETH) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 ETH = 500 UBPC + 20% bonus (01.01.2019)
₿ Bitcoin (BTC) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 BTC = 7000 UBPC + 20% bonus (01.01.2019)
1 Union Bank Payment Coin (UBPC) = 1 Swiss Franc (CHF)

Lol is that real if that stable coin was offering the bonus? this looks a scam project. It can't be trusted dude, i never heard if there was a stable coin project that offers the bonus to the investors or even participants.
I will not invest my money on such project.

Same opinion. I have never heard about this coin.
If it is a stable coin, it should be backed by fiat money. And who will give you free money, only for buying in bulk? Noone.

[sacskate]

I am thinking to invest in this project - Bitcoin forum link https://bitcointalk.org/index.php?topic=5058492, what do you think about this?
Union Bank Payment Coin
Symbol: UBPC
Accepted Currency: ETH, BTC
⟠ Ethereum (ETH) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 ETH = 500 UBPC + 20% bonus (01.01.2019)
₿ Bitcoin (BTC) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 BTC = 7000 UBPC + 20% bonus (01.01.2019)
1 Union Bank Payment Coin (UBPC) = 1 Swiss Franc (CHF)

i do not understand if it is stable so how can you benefit from buying and how it offers a fixed bonus ?
i am  really confused can you give more details

[Reinz12]

I am thinking to invest in this project - Bitcoin forum link https://bitcointalk.org/index.php?topic=5058492, what do you think about this?
Union Bank Payment Coin
Symbol: UBPC
Accepted Currency: ETH, BTC
⟠ Ethereum (ETH) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 ETH = 500 UBPC + 20% bonus (01.01.2019)
₿ Bitcoin (BTC) to Union Bank Payment Coin (UBPC)
An exchange rate: 1 BTC = 7000 UBPC + 20% bonus (01.01.2019)
1 Union Bank Payment Coin (UBPC) = 1 Swiss Franc (CHF)

Some of the projects that I saw and said were stable coins and backed up by something never with  1: 1 calculation
They average a ratio of 1: 0.01 or 1: 0.014
So I think I have to be careful because it seems to smell like fraud. personally, I will not invest in a project like this

[Brian TH]

I have read about bonus on their official website - https://www.unionbankag-invest.com