Abstract
The Universal Protocal Platform is going to be made up of like-minded cryptocurrency companies and blockchain pioneers. The plan of the company is to to help decentralized ledger technology achieve a wide adoption as a universal method for transferring value over the internet in every part of the world. The Universal Token ecosystem is designed on a very solid financial foundation since it is on a well proven and fully transparent asset reserve. The worth of every single Universal Token is fully backed by a matching, underlying assets and also held in custody. The Ethereum blockchain is the most popular platform that developers in every part of the world use to create tokens to solve different kind of problems. Ethereum blockchain has gotten a lot of attention over the past few years because the blockchain permit data and value exchange through a self executing agreements which is known as smart contracts. The Universal Protocol Platform vision is to have a platform for trading virtually all the asset classes in tokenized form on a single blockchain. The platform believes that transacting across digital platforms should not be rigid but flexible as easy as navigating across the internet. The team behind Universal Platform Protocol comprises of people who understand internet, marketing, business, branding and blockchain technology. They are all experienced people with years of experience in their relative fields.
INTRODUCTION
The Universal Protocal Platform is going to be made up of like-minded cryptocurrency companies and blockchain pioneers. The plan of the company is to to help decentralized ledger technology achieve a wide adoption as a universal method for transferring value over the internet in every part of the world. The project is a very huge one and a ground breaking and innovative development for the entire blockchain industry which is going to make it possible for cryptocurrencies to be convertible on a single network. The Universal Protocol Platform has designed a foundational architecture for interoperability between blockchains. This is going to allow users from every part of the world to be able to buy multiple cryptocurrencies on just a single network and this will also give developers in every part of the world to choose the most appropriate protocol for their individual projects. To accomplish all this the platform make use of Ethereum and its ecosystem of DApps, smart contracts and decentralized exchanges. The Universal Token ecosystem is designed on a very solid financial foundation since it is on a well proven and fully transparent asset reserve. The worth of every single Universal Token is fully backed by a matching, underlying assets and also held in custody.
WHY IS UNIVERSAL PROTOCOL PLATFORM CHOOSE THE ETHEREUM NETWORK
The Ethereum blockchain is the most popular platform that developers in every part of the world use to create tokens to solve different kind of problems. Ethereum blockchain has gotten a lot of attention over the past few years because the blockchain permit data and value exchange through a self executing agreements which is known as smart contracts. The Ethereum ERC-20 standard tokens can covey legal title to different types of assets which include property and shares. The flexibility and extensible of the Ethereum network has made the platform the one that is mostly use by developers around the world for ICO issuance because of the blockchain speed and standardization through which new tokens can be created on the network. This is the reason why the Universal Protocol Platform choose Ethereum blockchain over other existing blockchain. All the Universal Proxies will be a ERC-20 standard token which will be issued from the Ethereum blockchain.
UNIVERSAL PROTOCOL VISIONS
The Universal Protocol Platform vision is to have a platform for trading virtually all the asset classes in tokenized form on a single blockchain. The platform believes that transacting across digital platforms should not be rigid but flexible as easy as navigating across the internet. And the number one goal is to have a fully decentralized model which will allow users in every part of the world to be able to trade tokenized assets 24/7 and also benefit from all the safeguards expected of mature assets classes. By introducing a highly integrated asset conversion ecosystem, the Universal Protocol Platform provides the foundational architecture to enable anyone to easily access and convert different forms of digital value, with the choice to make use of either centralized and decentralized trading venues. The Universal Protocol Platform will allow a whole lot of new blockchain functionalities that is beyond the limitations of all already existing networks , which includes spendability,security, and increased cryptocurrency connectivity. Just like the way the Web 2.0 change the way people buy goods and services (e-commerce) for millions of businesses, banks, and individual users. The Universal Protocol Platform will give power a new generation of crypto currencies transactions by combining the easy onboarding to the cryptocurrency system with seamless integration between decentralized platforms and legacy financial institutions.
TOKEN DISTRIBUTION
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
USE OF FUNDS
Initial Technology Set Up 50%
Engineering and developments 35%
Marketing 5%
Legal and Regulatory 5%
Operations and Administration 5%
TEAM
The team behind Universal Platform Protocol comprises of people who understand internet, marketing, business, branding and blockchain technology. They are all experienced people with years of experience in their relative fields.
CONCLUSION
This project is a very unique project that will make payment transactions and converting cryptocurrencies easily without any stress just like the way we all navigate over the internet.
For more information about this promising project, kindly visit any of the official links below,
Website: https://universalprotocol.io/
Whitepaper: https://universalprotocol.io/static/documents/whitepaper.pdf?version=5.2
Medium: https://medium.com/universalprotocol
Twitter: https://twitter.com/UPPlatform
Telegram: https://t.me/universalprotocolplatform
Reddit: https://www.reddit.com/r/universalprotocol/
WRITER: DAMMY
Bounty0x Usernsme: dammy42
#upp #ethereum #blockchain #technology #cryptocurrencies #innovation #internet
