UChain

UChain

Created using Figma
Created using Figma
The Next Generation Distributed Smart Networkn Blockchain for the Sharing Economy.
Jul, 2018
Aug, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
UCN
Accepted Currencies
ETH
Company Details
Registered Country
Cayman Islands
Additional Details
Whitelist
Yes , from Jun 10, 2018 till Jun 16, 2018
KYC
Yes
Categories
Platform, Other

About UChain

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.

UChain Roadmap

  • Q1 2017

  • UChain investigates the problems in the current sharing economy model. Concluding we will build a new generation of this economy using a smart distributed network through blockchain technology.
  • Q2 2017

  • UChain team formed and whitepaper drafted
  • Q1 2018

  • Technical feasibility examined.
    Final whitepaper made available and our website put online.
  • Q2 2018

  • Public Pre-Sale and Crowdsale.
    Token distribution and UCN made transferable.
  • Read More
  • Q3 2018

  • Development of the wallet and blockchain explorer completed.
    Testnet made available.
  • Q4 2018

  • UChain Mainnet made available.
    Enterprise Open Platform released.
  • Q4 2018

  • UChain works tirelessly to bring on partners and introduce various companies to the platform in order to successfully grow into "Sharing Economy 2.0".
  • Q1 2019

  • User Credit Passport System released.
    U-Bicycle DApp migrated and launched on UChain.
  • 2019

  • P2P Transaction Platform made available.
    Upgrades and developments to enable further scalability and accommodate for any sharing company that would like to use our ecosystem.

Activity

Followers:
19 741
VERY HIGH
Tweets:
73
LOW
Members:
52 993
VERY HIGH
Alexa
Rank:
1 089 200
VERY LOW
Delta:
697 163

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Founder & CEO
unverified
Senior Architect
unverified
Operation Director
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Founder & CEO, APEX Network
unverified
Managing Partner, Ledger Capital
unverified
Venture Partner, Ledger Capital
unverified

5 ICOs

$22 750 000

Partner, Draper Dragon
unverified

3 ICOs

$27 506 035

Partner, Badwater Capital
unverified
Partner, Badwater Capital
unverified
Vice President, BTCC
unverified
Secretary General, WBO
unverified
CEO, Water Drop
unverified
Chief Scientist ZJ Venture
unverified

Last News

$ 0.0057
6.00%
Coin Stats
Daily, %:
6.00%
Weekly, %:
16.26%
Monthly, %:
-44.29%
Market Info
Market Cap:
$ 766.539 K
Volume 24h:
Circ. Supply:
133.965 M UCN
Ticker:
UCN
3.54
stable
5.0 7
ICO Profile Vision Activity Potential Product Team

UChain Reviews

cryptorated.com
review

Differentiation: UChain differentiates itself from other sharing economy based blockchain projects such as Origin Protocol by aiming to develop their own blockchain. The platform will use a credit rating system (credit passport), UIP, which contains the private key for the individual as well as identification details provided through user authentication (KYC). The platform will allow for the creation of URC-1 standard tokens.

Market Penetration Potential: Organizations that utilize a sharing-based business model such as Uber and Airbnb are relatively new. As a result the likelihood of a competing solution taking marketshare is considerable. Additionally, by reducing service fees, the savings can potentially be passed on to the users, creating an incentive for users to switch platforms.

Solution Advantage: Instead of developing a particular service/business that utilized a sharing-based business model, UChain aims to become a platform that will enable multiple businesses and projects to be built on top of the UChain infrastructure. The platform will allow for the development of URC-1 tokens along with a wallet and a decentralized exchange.

Long-Term Vision: UChain aims to become a platform that allows for the development of various sharing economies through dApps. The organization positions the platform as an ecosystem that accommodates the development of various sharing companies/services.

Read More
Lendex
82
Read More
Mandy
7.5
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ICO Drops

23-May. Bruce: They have been producing bicycles. Main net in Q4. Advisors are cool: Apex, Red pulse and more.
Sergey: It looks like a medium. It depends on the market. It looks like Hero Node and Rate3. Link

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PicoloResearch

­­­Picolo Research is neutral on this ICO project as we have several concerns as to the team’s ability to pull off their ambitious plans. In addition to this, we do question the need to create their own blockchain. There are currently a handful of established projects in the space, as well as several more launching (ShareRing and Origin Protocol, slated to launch their ICO in the near future).
On a brighter note, we acknowledge the existing strong partnerships in place, which in turn increases their rate of network adoption.
Overall, for the reasons listed below, Picolo believes that investment in UChain is highly speculative:
• Weak advisory team and technical development team relative to other projects
• Intense competition within this sector with the risk of overcrowding as barrier to entry is rather low
• Relatively high market valuation of $63m
• Utility need of this project creating their own blockchain is not compelling
Not withstanding the above, we remain optimistic on how blockchain solutions could help eradicate several issues within the sharing economy. In addition to this, the market is large enough to accommodate several players. Therefore, there might be some upside potential should the project be able to execute their promised deliverables.
In light of the preceding, we remain neutral on UChain and believe that it requires a highly speculative appetite for investment.

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