Overview

The World's First Mirror Identity Blockchain.

Project stage

Only a whitepaper

Detailed description

Usechain is dedicated to developing the first mirror identity blockchain ecosystem. Based on existing technologies in blockchain, Usechain becomes the first public blockchain to be built on Mirror Identity Protocol and integrated with multi-level innovations in technology and structure design, which can be used to:

  • Break the bottlenecks in the development process of blockchain, 
  • Provide infrastructure of technology for the virtual and parallel world in the future, 
  • Build an identity blockchain system built on a new technical structure, 
  • Develop more widely used DApps and provide underlying technical support for the application explorations in finance, consumption, entertainment, social networking, games, IoT, supply chain management, asset management, and social management
  • Add more value to identity by allowing people to be connected to the financial service provided by Wall street in an easy, convenient and instant way.

Solution

Introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.

  • Performance and Security Balance
  • Anonymity and Identity Balance
  • Technology and Application Balance

Features

  • Hardware-Based Performance Improvement
  • Privacy-Protected Identity Application
  • Boundaryless Identity Ecosystem
  • Top Business School Supported
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. : UST
    • 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. : 4,500 BTC
    • 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. :1,350 BTC
    • 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. :20,000,000,000 UST
    • 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. :9,000,000,000 UST
    • 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 Open(Start Jun 20, 2018)
    • 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. :BTC, 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. :Australia, Canada, 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

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Ended
    08 Aug 12:00 UTC
    08 Aug 00:00 UTC
    0.000013 ETH No - Uncapped Uncapped
    Pre-sale — Ended
    25 Jul 10:00 UTC
    07 Aug 09:59 UTC
    0.00001 ETH No Min 30 ETH Uncapped 5,000 ETH
    • Team

      • Huining Cao photo
        Huining Cao
        Founder, CEO
      • Baohong Sun photo
        Baohong Sun
        Co-founder, CSO
      • Shengli Zhang photo
        Shengli Zhang
        Chief Scientist
      • Feng Zhang photo
        Feng Zhang
        Senior Financial Specialist
      • Erik Xu photo
        Erik Xu
        COO
      • Andy Zhou photo
        Andy Zhou
        CTO
      • Neil Zhao photo
        Neil Zhao
        CPO
      • Amanda Shen photo
        Amanda Shen
        CMO
      • Emeisy Song photo
        Emeisy Song
        Global Community Developer
      • Liang Zhang photo
        Liang Zhang
        Technical Architect
    • Advisors

      • Lucas Lu
        Senior Advisor
      • Yin Cao
        Senior Advisor
      • Shangjin Wei
        Senior Advisor
      • Qian Ma
        Senior Advisor
      • Allen Yan
        Senior Advisor
      • Stewie Zhu
        Senior Advisor
      • Jianfeng Yu
        Senior Advisor

    Roadmap

    • 2016
      • Determine identity-based blockchain. Research on algorithm of identity-based blockchain.
      • Put forward the concept of identity tokenization.
    • Q1-Q2 2017
      • Determine design principles and objectives.
      • Compile development plan.
      • Officially launch the Usechain project.
    • Q3 2017
      • Design system architecture and basic protocol.
      • Integrated planning of ecosystem.
    • Q4 2017
      • Develop underlying public blockchain.
      • Cooperate with partners to explore application scenarios.
    • Q1 2018
      • Develop fundamental functions of underlying public blockchain.
      • Develop address-identity mapping system.
      • Certification Authentication Center Service.
    • Q2 2018
      • Develop privacy protection system.
      • Form core community and achieve 50000+ people.
    • Q3 2018
      • Develop software-based RPOW consensus algorithm.
      • Develop enhanced smart contracts.
      • Develop TPOS consensus algorithm.
      • Launch beta version of main chain.n
      • Achieve 100000+ people in the community.
      • Launch the first DApp.
    • Q4 2018
      • Set up sub-chain structure.
      • Develop cross sub-chain communication.
      • Build Usechain eco-fund to accelerate ecosystem development.
      • Develop multi-industry vertical community.
    • 2019
      • AI system of address behavior analysis.
      • Develop tokenized multi-node system.
      • Develop hardware-based RPOW consensus algorithm.
      • More multi-industry identity-based DApps.
      • Launch decentralized exchange.

    Activity