Review of Universal Protocol ICO

Greetings to you all readers, in this article i will be discussing what exactly this brand new and groundbreaking innovation Universal protocol is all about and i will appreciate your standing by till the end.

In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at Universal protocol Alliance have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.

UNIVERSAL PROTOCOL OVERVIEW

The Universal Protocol Alliance, is a coalition of leading blockchain organizations, including Uphold, FBG Capital, Cred, Blockchain at Berkeley, and Brave, announced today, at San Francisco Blockchain Week, their Universal Dollar (UPUSD)

The UPUSD is a fully-transparent, digital asset that is collateralized 1-to-1 with U.S. dollars to be held at U.S. domiciled, FDIC-insured banks. The stablecoin is specifically designed to attract the next 100 million users into crypto by allowing investors around the globe to access higher yields on deposits and more affordable credit than available from many traditional banks with the mission to usher in the next hundred million users of digital assets.

UPUSD offers users access to a quarter-billion-dollar line of credit; pays an annual rate of interest of between 2 and 5 per cent; and enables holders to access flexible loans with single-digit rates of interest. The stablecoin is underpinned by reserve management developed by Uphold, the world’s most transparent digital money platform, which has handled nearly $4 billion in transactions and publishes its assets and liabilities in real-time.‘

This is crypto finally delivering the goods to the mass market,’ said JP Thieriot, CEO of Uphold. ‘Worldwide, over 2.5 billion people with bank accounts are likely to be interested in cheaper credit and a higher yield on their deposits. This isn’t about imagined “utility” for a rarified use case. The Universal Dollar should have broad appeal to a wide array of people and, for some in developing economies, could be life changing.

ISSUES

Scaled Interoperability is nonexistent

The Universal Protocol Platform addresses one of the biggest challenges facing blockchain technology by allowing the instant and seamless transfer of value across different decentralized networks. Providing a common language through which incompatible protocols can ‘reason’ with each other, UPP will reduce the time, cost and risk of trading digital tokens and cryptocurrencies.

LASTING SOLUTION

Convenience & Security

By building foundational architecture for interoperability, the Universal Protocol Platform will allow users to interact with multiple cryptocurrencies (and an abundance of other assets) on a single blockchain. UPP combines proven technologies – smart contracts and reserve functionality – with genuine innovation: highly secure & convertible Proxy Tokens.

Benefits of Universal Protocol Alliance Platform

● Safety: fully reserved, built-in loss recovery and optional custody of private keys.

● Inheritability: users may nominate a beneficiary who can ‘call’ the asset on account dormancy.

● Reduced exchange risk: thanks to a ‘detachable’ wallet that permits ‘self custody’ at exchanges.

● Yield: can earn up to five per cent annually on the value of digital holdings.

● Credit: flexible borrowing on competitive terms, secured by the value of digital assets.

Token Informations

Public purchase phase

The Universal Protocol Platform team will be conducting a two-week public token sale in the fourth quarter of 2018. During this period, UPT will be sold at a floor rate of ($0.01 USD/UPT).

If, upon closure of the raise, UPT is oversubscribed, tokens will be distributed proportionally based on the updated valuation. If undersubscribed, tokens will be redistributed based on initial purchase. Tokens will be distributed and activated shortly after the raise with immediate usability on the Universal Protocol Platform. Public purchasers will be required to go through standard KYC/AML procedures, and will be able to purchase UPT using ETH.

Private purchase phase Ahead of the public token sale, the Universal Protocol Platform team is engaging in a private sale to key stakeholders and strategic partners, in order to incentivize participation in the ecosystem. Tokens sold during this period will be subject to various lock-up schedules.

TOKEN DISTRIBUTION

The UPT Genesis Contract will mint 10,000,000,000 UPT tokens. The distribution is expected to be as follows: ▶ 3,500,000,000 Token sale purchasers

▶ 2,200,000,000 Alliance partners

▶ 2,500,000,000 Stakeholders

▶ 1,500,000,000 Treasury

▶ 300,000,000 Ecosystem partners

Token sale

The UPT token sale will take place in private and public tranches. The Universal Protocol Platform team intends to distribute a portion of the tokens among a number of key stakeholders, strategic partners, and value-added users to rapidly set up and scale the UPP ecosystem.

Public Sale Date - Q4 2018

Price 1 ETH = 19,486 UPT ($0.01 USD/UPT)*

Token Lockup Treasury: 5 years (rolling)

Stakeholders: 3 years (rolling)

Alliance Partners: 3 years (rolling)

SUCCESSFUL TEAM

Dan Schatt - THE Chairman

JuanPablo Thieriot - Strategy

For more detailed informations, visit

Website: https://universalprotocol.io/

Whitepaper: https://universalprotocol.io/static/documents/whitepaper.pdf?version=5.3

Bounty0xUsername: Joecolern