Ultrain Weekly Report (07/29–09/09)

Highlights of Ultrain Tech Updates

Public test net: Ultrain finished development on nodes function. It is currently working on tests and trouble shooting of functionality, stability, and performance .

The topology of the public test net is as follows：

Enterprise Service Access Network: Ultrain teamed up with strategic partners for deep collaboration, and already finished product development. Ultrain also deployed enterprise service access testnet, and the team is currently working on the internal test and trouble shooting.

The topology of the enterprise service access network is as follows:

Ultrain’s Latest Community & Event Update

Upcoming! October 8th in San Francisco!

Ultrain will release important R&D milestone and be the keynote speaker at SF Blockchain week in October, to kick start the developer community building for Ultrain. There are several products to be released, which we look forward to sharing with you.

Public testnet launching
Permitted mainnet launching
Zero knowledge proof demo
Multiple DApps demo on chain
More surprises

9/04/2018

Ultrain established Chinese community on Telegram, and now we are welcoming new members!

For more details, please check: https://t.me/Ultrain_CN

9/04/2018

The Whitepaper is updated to V1.1.6

For more details, please check: https://bit.ly/2BYRWM6

9/03/2018

Ultrain established a Vietnamese community on Telegram. Now, we are welcoming new members!

For more details, please check: https://t.me/Ultrain_vietnam

8/31/2018

On 31st August, 2018, Ultrain launched Supernova — GIF stickers on WeChat.

Latest News From Ultrain

8/31/2018

Top tier media, such as Nasdaq, Morningstar, Digital Journal and Yahoo announced Ultrain’s presence and participation in the Yabuli China Entrepreneur Forum Summer Summit, as well as joining the Microsoft venture.

For more details, please check https://www.nasdaq.com/press-release/ultrain-joins-microsoft-accelerator-and-invited-to-yabuli--davos-of-china-as-panel-speaker-20180831-00146

http://news.morningstar.com/all/access-wire/ASWAccesswire511126MSN/ultrain-joins-microsoft-accelerator-and-invited-to-yabuli-davos-of-china-as-panel-speaker.aspx

http://www.digitaljournal.com/pr/3919731

https://finance.yahoo.com/news/ultrain-joins-microsoft-accelerator-invited-095500227.html

8/29/2018

Ultrain was invited to the 2018 Silicon Valley Mars Blockchain Summit. As a special guest, Emma Liao, the Co-founder of Ultrain, joined the panel to discuss the future and development of public-chains. Her expertise and experience were well received by attendees.

8/26/2018

500px-Yahoo_Finance_Logo_2013.svg.png

Yahoo finance announced the strategic announcement between Unitopia lab and Ultrain, marking this as a new era for the latest generation of Blockchain gaming.

8/25/2018

Ultrain was invited to attend the Yabuli, China Entrepreneur Forum Summer Summit. As a panel guest speaker, Ultrain. together with other pioneers, examined the blockchain industry.

8/23/2018

After going through a rigorous selection process, Ultrain successfully entered the Microsoft Accelerator Project, which accelerates the overall growth of promising companies while promoting the market. The eco-sharing innovation and entrepreneurship platform is dedicated to providing a full range of high-quality services for China’s growing modernization.

8/22/2018

Unitopia lab, a Blockchain research lab of the well-known Chinese video game developer Electronic Soul, announced a strategic partnership with Ultrain. Together, they will aim to establish a presence in this new market and make Blockchain video games a household product.

8/22/2018

Ultrain presented a Reddit community discussion named “The privacy protection of Blockchain” hosted by Husan Wang. Based on his expertise and knowledge, the debate was well received by the Reddit community.

Ultrain’s ICO Review

9/2/2018

Latest ICO ranking done by ICO analytics.

8/23/2018

Monoico, a Vietnamese reviewer, published a review of Ultrain and gave high ratings for metrics, technology, and investors on their review website. They gave Ultrain an overall rating of “Gamble,” which indicates that Ultrain is a good project. Ultrain scored high on technology due to its strong technical team members as well as experienced leadership. , Meanwhile, there are many world-renowned investors participating in the projects The review also published an interview video between Emma Liao (CSO & Co-founder) and YuFeng Shen (Chief Architect), that allows the viewer to understand more about Ultrain’s technical background and leadership.

For more details, please check https://www.monoico.com/ultrain/.

8/23/2018

Ultrain is listed on Cryptorank, a review website with more than 1566 currencies listed.

For more details, please check https://cryptorank.io/currencies/ultrain/ico

7/29/2018

Ultrain is listed on icodrops, a review site with 40.8K plus Telegram followers and 56.7K on Twitter.

For more details, please check https://icodrops.com/ultrain/.

Ultrain’s YouTube Reviews

8/28/2018

Review agency PrimeICO,issued a comprehensive review of Ultrain on both Youtube and Medium. It gave Ultrain the highest rating of “A” for its blockchain project. PrimelCO analyzed Ultrain through multiple perspectives including but not limited to the experience and expertise of the funding team, engineering capability, investors and token structure. There are a few specific strengths of Ultrain that the review addressed in the video, 1) Ultrain identified the particular use of the network. 2) It is written in JavaScript, which can be widely used. 3) A strong team in AI and cloud computing. 3) Short and straightforward roadmap. 4) Well connected investor base and 15 hubs already established around the world. 5) Awarded as “The rising star of Blockchain 2018” at China-US entrepreneur and investment summit.

For more details, please check https://m.youtube.com/watch?v=koYYG1guKTQ.

8/26/2018

Crypto Love, a Russian reviewer, issued a comprehensive review of Ultrain on YouTube. For more details, please check:

8/17/2018

Martins Hacks, a youtube reviewer created a review video for Ultrain with more than 8200 views. He presented a detailed review that discusses Ultrain with the audience, elaborated on his opinion on the project and admired the potential technical achievement that Ultrain can eventually achieve. For more details, please check https://m.youtube.com/watch?v=Is-dqbX8xM8

Short Orders for Ethereum Hit All Time High, Market Is Betting Against Ether’s Price

According to data disclosed from the crypto currency exchange Bitfinex, the number of short orders placed on Ether (ETH) reached a new high, surpassing the previous mark of 202,853 to ultimately reach a new high of 208,689. This figure represents an 81.96% week-to-week increase and a 162% increase from mid-August. As the world’s second largest crypto currency by market capitalization, Ethereum’s unsatisfactory performance tends to influence the broader crypto currency market. From September 5–6, bitcoin(BTC) fell more than $1100, a drop of nearly 15%.. At the same time, a total market capitalization of $40 billion vaporized for the entire crypto currency market due to poor performance.

Market Cap and 24 Hour Volume Data for the Top 10 Crypto Currencies

Bitcoin

Bitcoin, as the leading crypto currency is trading at $6,352 on exchange, a 3% decrease from yesterday’s (Sept. 9) high of $6,550. Although the price rebounded to $6,433 for a brief period, it soon dropped back down to $6,300. , This activity indicates that bearish sentiment remains strong in the market and minor upward price movement triggers an instant sell-off. Based on the past week’s performance, BTC could find its comfort zone around the $6,300 mark with a possibility of dropping to $6,000 over the weekend. However, falling below $6,000 would signal a revival of a long-term bear market.

Ethereum

The price of Ethereum took a significant plunge last week, falling under $200 for the first time since August 2017. At one point, ETH was worth $185, which was a surprise to some market participants. There are two theories that attempt to explain the tumbling price of Ether. The first theory is that the introduction of BitMEX ETH (a perpetual swap contract), allows traders to short the price of ETH with up to 100x leverage. Although the correlation between the price of Bitmex and ETH can not yet be confirmed, the price of Ether has fallen by 57% since the arrival of perpetual contracts in early August. Secondly, according to data provided by Santiment, 4% of the entire ETH supply was transferred out or spent in the last 30 days, indicating bearish market sentiment andinvestors’ clearing out their war chests.

XRP

Today, XRP’s potential has been actualized to a certain point, as banks all over the world are going live with it. XRP underwent a rigorous sell-off, which took place on September 6th, breaking a previous bullish trend. However, as XRP reaches its lowest points of the year, some investors believe that falling selling volumes indicate that most of the people left in the market are now long term investors, rather than speculators. Meanwhile, the recent research paper made public by Niclas Englesson and Sid John Leopold contend that XRP utilizes the least amount of CO2 and is the most CO-friendly compared to Bitcoin, Ethereum, and Visa. Since a fundamental purpose of money is to serve as a medium for exchange, cheaper trade can be achieved through efficient currencies such as XRP.

Bitcoin Cash

The price of BCH fell sharply below $500, a level previously considered as a baseline, indicating a bearish trend. As long as BCH is trading below $500, the price will continues to decline in the bear market. The sharp downside move at the $640 price point had a significant negative impact on investor confidence. On the other hand, recent news such as the luxury car dealership, Post Oak Motor Cars, now accepting both BCH and BTC from their customers to purchase Rolls-Royce, Bugatti and Bentley, indicates that traditional businesses are becoming more accustomed to accepting crypto currency as payment.

EOS

Mirroring the September 5 bear market, EOS is down by 20 percent on a weekly basis, with the second half of the week being rather slow. The small scale upward movement we see might be related to EOS’s recent attempt to boost new users’ onboarding. One of the network’s 21 block producers announced on Thursday that 15 block producers have approved a protocol update that reduces the cost of new accounts, changing it from 4 to 3 kibibytes. This change also provides new account members with 1,400 bytes of RAM. Also, its emphasis on the importance of creating accounts will attract more dApp developers to participate in EOS.

Stellar

Stellar’s goal is to reform the current money-transferring system based on the platform it created. To achieve this goal, the team is devoting themselves to collaborating with various giants[Greg Youn1] that can support its infrastructure. Its recent partnership with technology tycoon IBM to develop a Stellar-based payment system aims to compete with other forms of money transfer solutions. The announcement of its collaboration with IBM temporarily triggered a price increase.. Nevertheless, pressure from the bear market pushed Stella’s price down again.

Litcoin

As the crypto currency market has declined over the past week, Litcoin is no exception. However, there are reasons that some investors remain optimistic about Litcoin. As LTC has been seen as a lite model of Bitcoin, the SEC’s clarification regarding BTC and ETH could be beneficial, as investor confidence may grow when Litcoin is stated as non-security as well.

Tether

One of the most controversial currencies, every Tether unit is backed by one US dollar. Tether acts solely as an alternative to blockchain-based payment, which explains why it has a relatively stable price in this tumbling market. It is also important to note that the CEO of Tether and Bitifinex, JL Van Der Velde , has recently denied all allegations regarding price manipulation with USDT.

Cardano

Rumor has it that Cardano plans to launch several ADA ATMS in Japan. As we know, Japan is a welcoming market for crypto currencies, although it faces many issues such as hacks and scams. Thus, Japanese financial services agencies are quite strict and vet exchanges before issuing projects with operating licenses. It would be a challenge for Cardana to acquire a license to operate ATMs in Japan. , If they do get the green light to build ATMs in the country, we expect a significant increase in price.

Monero

Although XMR took a sharp hit from the bear market early last week, we were encouraged to see a slow bounce back at the week’s end , a potential indication of lost momentum for bearish sentiment but a bullish opportunity. Thus, the forecast for the short-run is promising. However, we are skeptical of long-term performance, due to the recent cyber-attacks involving XMR.