Overview

The Next Generation Distributed Smart Network Blockchain for the Sharing Economy.

Project stage

Only a whitepaper

Detailed description

UChain is the first public infrastructure blockchain specifically designed for the global sharing economy. Along with other sharing economy enterprises, UChain aims to build its underlying blockchain network to solve the current problems of trust and data abuse. Exercising API's and SDK's provided by UChain, all sharing economy enterprises are able to issue their own token and build their application on top of the UChain network, together making UChain a better global autonomous sharing economy ecosystem.

Problem

All of the iconic sharing economy companies are still in generation 1.0, where users are not truly making communication peer-to-peer. Users still obtain matchmaking services through a centralized platform. All exchange of services and values need to be managed and distributed through intermediaries, bringing up some substantial shortcomings.

  • Excessive Transaction Costs
  • The Problem of Trust
  • Data Leakage and Abuse

Solution

The essence of blockchain is an autonomous peer-to-peer network. It can achieve a tamper-proof, decentralized and fully autonomous ecology that everyone can participate in, which coincides with the nature of the sharing economy. The sharing economy is a peer-to-peer business model that would be in a far more advanced state with the application of blockchain. The idea behind the community autonomy would inspire people around the world to participate in and benefit from the development of UChain.  

  • PEER TO PEER NETWORK: Decentralized peer to peer blockchain network with smart contract to cutoff intermediaries.
  • DISTRIBUTED DATA STORAGE: Encrypted data shredded and stored on different nodes to improve data security.
  • USER CREDIT PASSPORT: Cross application user credit passport with a proprietary credit rating algorithm to effectively record user behaviour.
  • TOKEN INCENTIVE: Tokenized ecosystem to increase participation and engagement of both users and enterprises.

Features

Uchain open platform will provide services that include the use of smart contracts, automatic split payments, key data on chain inquiry, UIP, user credit ratings and a series of marketing functions. 

UChain’s data analysis system can achieve the following goals:

  • Sharing companies can access the platform, integrate resources across the platform, and cooperate with others to achieve win-win results, thus developing a more competitive and valuable ecosystem. 
  • Companies can update their company database, uploading user data and delivering valuable contents. 
  • Integrate company’s online software and offline hardware to grow into a complete ecosystem. 
  • Through data analysis, breach penalty, information encryption and enterprise alliance subsystems, it supports various business scenarios, expanding UChain ecosystem and increasing users’ engagement.
  • Transparent accounting and data management systems and improving the company’s credibility by publishing and executing necessary actions such as data analysis, automatic split payment, incentive schemes, key data inquiry and UCN token transfers. 
  • Improved data collection capabilities as well as more accurate data analysis to produce user reports including; daily application, application environment, personal data models. 
  • Better data evaluation, structural improvements and a reduction of operating costs. 
  • Through UChain’s wallet sub-system: Provide companies and users with improved account information management for a better utilization of their UCN tokens. 
  • With gateway access to smart hardware/shared products censors, it integrates user’s data along with big data analysis thus improving the user experience.
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : UCN
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 42,000 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Token Sale: Pre-sale tokens: 3 month lockup
          • Team: 3 years vesting with a 1 year cliff
          • Company Reserve: Strategic partners' tokens: 6 months lockup
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Crowdsale — Ended
      10 Jul 00:00 UTC
      0.0002 ETH No 0.5 ETH - 5 ETH Uncapped 12,000 ETH
      Pre-sale — Ended
      20 Jun 11:00 UTC
      22 Jun 00:00 UTC
      0.0002 ETH 15% 0.5 ETH - 5 ETH Uncapped 8,000 ETH
      Private pre-sale — Ended
      Start Soon
      0.0002 ETH 50% 0.5 ETH - 5 ETH Uncapped 22,000 ETH
      Private pre-sale

      Strategic partners 50% bonus

      Read more about vesting and bonus
      • Team

        • Ian Yu photo
          Ian Yu
          Founder & CEO
        • Will Zhou photo
          Will Zhou
          CTO
        • Grace Min photo
          Grace Min
          Co-Founder
        • Benny Liao photo
          Benny Liao
          CPO
        • Chris Tao photo
          Chris Tao
          CSO
        • Jason Wu photo
          Jason Wu
          Senior Architect
        • Mandy Chan photo
          Mandy Chan
          CMO
        • Raviv Litman photo
          Raviv Litman
          Operation Director
      • Advisors

        • Jimmy Hu
          Founder & CEO, APEX Network
        • Jonathan Ha
          CEO, Red Pulse
        • Ding'an Fei
          Managing Partner, Ledger Capital
        • Henry Wu
          Venture Partner, Ledger Capital
        • Richard Wang
          Partner, Draper Dragon
        • Kenneth Hsia
          Partner, Badwater Capital
        • JC Xu
          Partner, Badwater Capital
        • Aaron Choi
          Vice President, BTCC
        • Ray Valdes
          CTO, ConsenSys
        • Frank Zheng
          Secretary General, WBO
        • Chris Cade
          CEO, SaaSberry
        • Kong Huawei
          Chief Scientist ZJ Venture

      Roadmap

      • Q1 2017

        UChain began to investigate the problems in the current sharing economy model. It was decided that we would look to build a new generation of this economy using a smart distributed network through blockchain technology.

      • Q1-Q4 2017

        The UChain team was formed and the initial whitepaper was drafted.

      • Q1 2018
        • Technical feasibility was thoroughly examined.
        • The final whitepaper was made available and our website was put online.
      • Q2 2018
        • Public Pre-Sale and Crowdsale to take place.
        • Token distribution will take place and UCN will be made transferable.
      • Q3 2018
        • UChain will complete the development of the wallet and blockchain explorer.
        • UChain Testnet will be made available.
      • Q4 2018
        • UChain Mainnet will be made available.
        • The Enterprise Open Platform will be released.
      • Q2-Q4 2018

        UChain will work tirelessly to bring on many partners and introduce various companies to the platform in order to successfully grow into the "Sharing Economy 2.0".

      • Q1 2019
        • The User Credit Passport System will be released.
        • The U-Bicycle DApp will be migrated and launched on UChain
      • 2019+
        • The P2P Transaction platform will be made available.
        • Upgrades and developments to enable further scalability and accommodate for any sharing company that would like to use our ecosystem.

      Activity