UChain ICO
About UChain
UChain is a public infrastructure blockchain network specifically designed for the global sharing economy. Along with other sharing economy enterprises, the company aspires to build a decentralized worldwide sharing economy ecosystem where every user can exchange value and publish contents freely without intermediaries Through UChain and its decentralized autonomous ecosystem, all users and merchants will be empowered. The company has been working on a solution, realizing the way to solve these issues will be through the implementation of a truly free peer-to-peer network with the combination of blockchain technology along with an underlying sense of the sharing economy. The UChain platform uses a middleware technology that combines innovative blockchain technology with traditional database technologies to enable the creation of tables similar to traditional databases on the blockchain, enabling rapid conversion of platform data between local databases and blockchains. Only by using this technology can the company ensures that complex data and historical reviews within shared economy applications can be stored intact, well-structured and quickly on the blockchain. The UChain platform adopts the same properties that all blockchain data cannot be tampered with, including service providers' transaction records, historical reviews, and other structured data to ensure legitimacy.
Basic Information
Token Name :- UChain
Token Symbol :- UNC
Social Media : - Facebook Twitter Telegram Reddit
Accept Currency : - ETH
Token Sale : - 12000 ETH
Hard Cap : - 42000 ETH
Token Distribution
Token sale 40%
Ecosystem 30%
Team 15%
Company 10%
Partners 5%
Value of Token
As the official digital currency of UChain, UCN has huge potential in market value, this value is quantifiable. As mentioned previously, by 2018 the market scale of the global shared economy will reach 520 billion dollars. Within it, centralized platforms as the matchmaker stand to make about 30% of the profit. As the business grows, more applications are implemented and more data is collected. Credit evaluation and technology services will become more valuable in the market. UCN is not only a digital currency but also a base currency for all of the derivatives on UChain.
Transaction value
UCN is circulated in all DApps built on top of UChain as payment for all kinds of transactions.
Supply chain vouchers
UCN can be used as vouchers for the purchase of assets from suppliers (sharing bicycles, smart devices, etc.).
Data contribution rewards
Users will be rewarded with UCN if they decide to contribute their data to the development of the ecosystem.
Value-added services
UCN can be used for payment of API services provided by UChain.
Community rewards
UCN will be rewarded to the community contributors such as third-party developers and community operators.
User incentives
UCN can be earned by improving your community activity such as onboarding more users and creating valuable content.
Roles Of Uchain
There are two major roles that drive the ecosystem, users and developers. Users can be categorized in service users, independent service providers, and enterprise service providers. Independent developers or UChain foundation developers create and maintain the infrastructure. They interact with each other, establishing their distinct values to make UChain a better ecosystem.
Task system
The U-Bicycle will also have a system that distributes operational tasks with a token reward. It will publish the location-based tasks according to the real situation, such as moving a certain number of bicycles from location A to location B, due to the number of bikes being disproportionate. All users in location A will be able to view and accept the task and once the bicycle is transported to location B, the task is considered complete and users will be rewarded with tokens, which will be displayed prior to accepting to the task.
Account Management Service
Users will register a new account with their phone number or email address, with each user being assigned a unique digital identity that is linked to their account. The user can link also link their digital wallet to the DApp for easier access. All the transaction and user behavior will be recorded and associated with their digital identity on the blockchain.
Transaction service
All transactions taking place on the U-Bicycle DApp will be dealt in UCN. The transaction itself along with its payment information will be passed to and stored on the UChain blockchain. It will also be used as the data source for updating User Credit Passport.
Wallet Service
U-Bicycle will also use and connect its DApp to the wallet service provided by UChain. After the UChain digital wallet is successfully associated with user’s account, the user can directly use all the wallet services such as payment and token transfer inside the DApp.
Thank you
all the best UChain