UChain Overview
UChain is an ecosystem which helps the innovation of dApps that helps in the utilizing of sharing economy and used the first public infrastructure blockchain. The aim of UChain was to develop an underlying blockchain technology in solving the problems of data abuse and trust. The sharing economy businesses have the ability to lend their out their own token and can build their own apps on the UChain network via the execution of SDK's and API's; all these are making UChain ecosystem a global independent sharing economy ecosystem. All merchants and users will be empowered.
About UChain Tokens
The tokens are currency used in exchanging values between users, reward loyal members and to encourage participation within a platform. UCN is the token used within the UChain platform. The UCN tokens will form the base of currency within the UChain ecosystem. This will facilitate support the development of URC-1 standard tokens that will enable economies subsidiary sharing.
The value of UCN Tokens
UCN will have a big market value potential being the official currency of the UChain platform. It will have a centralized ecosystem for the investor and they stand to gain about 30% in profit.
Features of UCN
The contribution of Data Rewards: Each user on the platform will be rewarded with the UCN for their loyalty rewards.
Value Added Services: UCN will serve as the Circulation of the dApps built on top of UChain as payment for all kinds of transactions.
Supply Vouchers: UCN will serve as the vouchers for the purchase of assets.
Community rewards: UCN will help the community by rewarding the contributors like the intermediaries of the developers.
UCN Token Aims
To aid trust: In the sharing economy, it pertinent to note that, nobody tends to trust the user especially the strangers with their economic values. This is what the intermediaries capitalize on to earn on fat margin whereby serving as a trust system. UCN will serve to be Trustworthy in its dealing.
To avoid Confidentiality breach: The UCN Token system will help confidentiality, so as everyone information can be protected.
Low fees transaction: It aims at providing a very low transaction fee for the user within the ecosystem.
Benefits of UCN Token
The benefit of UCN Token are enormous, two major roles drive the UCN ecosystem; the developers and users. UChain developers will maintain and create the infrastructure, also users can be divided by independent service providers, service users and enterprise service providers.
- To serve as a task system
It will serve as the system that shares the operational tasks with a token reward to the user. - To serve as a wallet service
It will be used to connect dApp to the wallet service provided by UChain, this will allow use have their money secured. - To serve as a transaction service
All the transactions will take place on dApp based on UCN discretive. Transactions and its payment information will be transferred and stored on the UChain blockchain.
UCN Token Basic Information
Token Name = UChain
Token Symbol = UCN
Accept Currency = ETH
Private sale: 1 ETH = 7500 UCN (3750 UCN locked for 6 months)
Presale: 1 ETH = 5750 UCN (750 UCN locked for 3 months)
Hard Cap= 42000 ETH
It is worthy of note that both the private and presale event of the UCN Tokens were met with enormous success and a total of 35,000 ETH was raised. The team, therefore, came to a decision which saw the crowd-sale canceled and replaced with a community reward program. As at the Time of this publication, the program is currently on. A link can be found in the links section of this publication.
The UChain ecosystem also has the UCP Tokens. They can neither be exchanged nor traded and poses voting power thereby giving the holder esteemed access within the ecosystem. The only difference between the UCP and the UCN is the voting power that UCP possesses. On how the UCP can be owned, interested users would have to stake their UCN Tokens. In addition, there would be a reward for users who hold UCP for a long time.
The Token Distribution
Token sale= 40%
Ecosystem= 30%
Team = 15%
Company = 10%
Partners = 5%
In conclusion, the purpose of UCN Tokens is to reduce the cost of a transaction, provide fast transactions, and improve on the transparency within the ecosystem of UChain. As the UChain business increase, more sophisticated applications will be developed and data collected. The Technology and Credit evaluation services will be valuable in the market. UCN serves as the basis of financial currency for all of the activities on UChain.
Useful Links
Website: https://uchain.world/
Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
Telegram: https://t.me/UchainEcosystem
https://t.me/uchaingroup
Twitter: https://twitter.com/UChainEcosystem
Reddit: https://www.reddit.com/r/UChain/
Community reward program: https://www.g0blin.com/UChain
Published by Dogecoin92
BTT profile Link: https://bitcointalk.org/index.php?action=profile;u=1275172;sa=summary
We Love You and What You Do Here.
Thank you for posting this to the STEEM Network.
We have some statistics about your account, very interesting.
Average Votes Per Post: 108
Average Replies Per Post: 0.5
Average Post Word count: 670.25
1SP, 5SP, 10SP, 100SP, or Donate to Help Support
Smooth Posting,
We can also resteem and upvote more of your postsHello @royalt123, Follow us for for more information. Show Your Supprt for @WeLoveYou by Delegating STEEM Power, with one of these handy links, select a level @WeLoveYou.
Learn More, Read Our Introduction
If your reputation is lower than 30 resteeming with @WeLoveYou only costs 0.001 SBD