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

Brian TH (OP)

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

October 27, 2018, 10:32:00 PM

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

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

October 27, 2018, 10:54:44 PM

Quote from: Brian TH on October 27, 2018, 10:32:00 PM

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.

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JimmyNg90

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

October 28, 2018, 01:05:57 PM

Quote from: Psynthax on October 27, 2018, 10:54:44 PM

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!!!

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dearbesz1219

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

October 28, 2018, 01:10:12 PM

Quote from: Psynthax on October 27, 2018, 10:54:44 PM

Quote from: Brian TH on October 27, 2018, 10:32:00 PM

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

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

October 28, 2018, 01:30:58 PM

Quote from: Brian TH on October 27, 2018, 10:32:00 PM

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

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

October 28, 2018, 01:47:18 PM

Quote from: Brian TH on October 27, 2018, 10:32:00 PM

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 (OP)

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

October 28, 2018, 04:52:24 PM

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

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