Introduction:
Identity is the new money. New Blockchain project Usechain is becoming the first-ever project to bring about identity for individuals and institutions. The aim is to fuse innovative technologies with off-chain identities to create a public Blockchain ecosystem based on real identity, addressing the issue of distrust due to anonymity in current Blockchain projects, while maintaining uncompromised security.
Why identity matters?
"KYC is important to the financial industry. We have come up with a new concept that maps every person, every business and every asset to the Blockchain," says Usechain CEO, Professor Cao. "Every person and every business will have a real account. We then transfer these assets through smart contracts to build deeper trust."
While 99% of Blockchain projects are anonymous, Usechain strives to create a more transparent Blockchain built on real identities coupled with high security. By identity mapping, it will allow Usechain to meet the critical Know Your Customer (KYC) standards of traditional financial institutions. It will greatly reduce the cost of identity assurance and reform financial industry.
How UseChain Mirror Identity Blockchain Coin Works?
Usechain is built on Mirror Identity Protocol merged with high-level innovations in structure design and technology to eliminate the delays in the process of developing blockchain and bring a perfect balance between scale, security, and decentralization. Usechain, as an ecosystem is growing fast and will hold thousands of credit-based and identity-based applications in the future.
Usechain has set a precondition where it uses the same level of security for maintaining privacy between identity and anonymous public blockchain. By doing so, the platform provides infrastructure that supports decentralized applications used in a variety of industries and at the same time bring a separation between identity and identity verification that has a basis on zero knowledge proof.
What About The ICO?
The platform's official token referred to as UST is based on the ERC20 protocol on the Ethereum blockchain. Users can acquire the token during the initial Coin Offering. The main aim of creating the token is to give an opportunity for all participants to be involved in the building of the entire community. The token will serve as reward to the developers and supporters of the platform's community as well as contribute to the growth of the system.
The funds acquired from the token sale will used in divided portions in human labor cost, company operation, marketing, platform development, advisor consulting, risk fund and legal compliance.
Pretty aspiring ICO project, right! But is it really worth your investment.
TOKEN DISTRIBUTION:
● Volume: 20,000,000,000 UST
● Finite amount of UST created
● Maximum token amount for sale: 45%
● Marketing & Partner Support: 5% (with bounty comprising 6%)
● Community Rewards: 20%
● Technical Community Rewards: 15%
● Core Team: 15%
● Softcap: 1350 BTC (If it isn't reached, all the raised capital will be returned to the investors.)
● Hardcap: 4500 BTC (If it isn't reached, all the token unsold will be destroyed.)
● ETH(Ethereum), BTC(Bitcoin)
Adavantages Of Usechain :
Built to Scale: Usechain is designed to support large-scale transactions to meet the demands of millions of users. This will help in management of the many social and commercial applications that are on the platform.
Low Technical Barrier: Usechain will use smart contracts to assist in creating a more flexible and sophisticated definition of the application protocol. Its accessibility will create a user-friendly experience for new investors that want to get involved with the ICO.
-Identity-Based: Create a connection between the off-chain identity and the on-chain addresses to meet the requirements of AML and KYC. This makes it possible to be adopted in insurance, loans, daily consumption, etc.
For more information about this ICO please go through the following links:
Website: https://www.usechain.net/
White paper: http://www.usechain.net/usechain_en.pdf
Medium: https://medium.com/usechain
Twitter：https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation
LinkIn: https://www.linkedin.com/company/usechain/
Telegram：https://t.me/usechaingroup
reddit：https://www.reddit.com/user/Usechain/
instagram：https://www.instagram.com/UsechainOfficial
Author's Bitcointalk Profil Url; https://bitcointalk.org/index.php?action=profile;u=1675399;sa=summary
Usechain, as an ecosystem is growing fast and will hold thousands of credit-based and identity-based applications in the future.
Usechain mirror identity is truly revolutionary in solving the problem of identity verification. Nicely written article
This is an interesting project and i would look into the whitepaper to know more about the project
Yes you should. They are going to make waves in the crypto world.
Usechain project the best platform with transparency identity to promote it's own blockchain technology.
Usechain would solve identity verification problem using blockchain technology, loving this
Usechain platform uses a secure infrastructure that focuses on sole identity mapping thus improving its application to scenarios that need identity.
This is an outstanding project and looks promising.
Yeah. I also think so too
With usechain scalability in blockchain transaction will be improveed
The perfect blockchian in the making. Scability, security and complete decentralisation guaranteed with usechain.
Usechain platform inputs resources of the highest quality to assist the global community to develop its ecosystem.
Usechain is designed to eliminate the delays in the process of developing blockchain and bring a perfect balance between scale, security, and decentralization.
Usechain will eliminate the delays in the process of developing blockchain and bring a perfect balance between scale, security, and decentralization
Usechain will input resources that are based on their solid technology foundation, academic and commercial support from business schools.
Usechain is truly a project to look out for. It wields potentialities that will totally transform the blockchain ecosystem