Usechain

Usechain

Created using Figma
Created using Figma

Last Update

Sep 18, 2018

Usechain is dedicated to developing the first looking-glass sameness blockchain ecosystem. Based on existing technologies in blockchain, Usechain becomes the first community blockchain to be built on Mirror Unanimity Protocol and integrated with multi-level innovations in technology and configuration draw up. USE tokens are utility tokens.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • KuCoin
    USE/ETH 41 minutes ago
    $ 0.0012
    $ 315.65
    -0.83%
    -86.64%
  • Idex
    USE/ETH 43 minutes ago
    $ 0.0011
    -
    4.33%
    -100.00%
  • Bilaxy
    USE/ETH 46 minutes ago
    $ 0.0012
    $ 58.106 K
    12.17%
    10.98%
  • KuCoin
    USE/BTC one hour ago
    $ 0.0011
    $ 206.47
    -4.23%
    228.24%
  • HitBTC
    USE/ETH 4 days ago
    $ 0.0012
    $ 158.06
    -
    -
  • HitBTC
    USE/BTC 4 days ago
    $ 0.0013
    $ 2.53
    -
    -
  • OAX
    USE/ETH 14 days ago
    $ 0.0011
    -
    -
    -
  • Coineal
    USE/ETH
    -
    -
    -
    -
UPCOMING
Jul 29, 2018
Aug 8, 2018
100% completed
$29 326 000
100% goal completed
past
Token Details
Ticker
USE
Accepted Currencies
ETH
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Whitelist
Yes , from Jun 20, 2018 till Aug 8, 2018
KYC
Yes
Categories
Platform

About Usechain

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.

Setting the enabling identity as the core ideal, Usechain intends to construct a brand-new blockchain commercial mode based on MIP as well as a multi-layer technical reconstruction at the bottom layer of blockchain, which is far more superior to the traditional modes in the current blockchain industry such as “identity data economy” and “identity credit model.” Usechain will be able to support the decentralized inclusive financial services. By virtue of the personalized identity token, it will realize a seamless connection between the real world and digital world as well as the identity tokenization of individuals, organizations, and even assets; it supports high-performance decentralized exchange, and the value of any forms in the ecosystem can be circulated and operated with extremely high efficiency; it will also provide each individual with a precise, convenient, and real-time on-chain Wall Street financial service.

Features

Hardware-Based Performance Improvement;

Privacy-Protected Identity Application;

Boundaryless Identity Ecosystem;

Top Business School Supported.

Technical Info

Usechain is dedicated to developing a public chain based on mirror identity, establishing an ecosystem based on identity public chain, promoting the implementation of all sorts of blockchain applications that links blockchain addresses to verified real users, and realizing close integration between social credit, infrastructure, and commercial use. Through the Mirror Identity Protocol(MIP), based on zero-knowledge proof, we can realize separation of identity certification from identity information, enabling the identity chain to have the same privacy and security level as anonymous public chains, while realizing the mirror identity between the address on the chain and the identity of persons off the chain. By fully utilizing the mirror identity information, on the one hand, we can significantly improve currently existing blockchain algorithms such as network sharding algorithms, consensus algorithm, virtual machines and so on, and on the other hand, we can provide functionalities that existing anonymous blockchains do not have, such as one-person-one-vote, address penalties, etc., elevate the procedure performance of the blockchain itself, enable the blockchain itself to handle commercial usage on a large scale, and wield enormous commercial value.

Usechain Roadmap

  • 2016

  • Determine identity-based blockchain.
    Research on algorithm of identity-based blockchain.
    Put forward the concept of identity tokenization.
  • Q1 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.
  • Read More
  • 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.
    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

Activity:
136
MEDIUM
Posts:
591
HIGH
Views:
4 878
MEDIUM
Activity:
312
HIGH
Merit:
250
HIGH
Posts:
4 007
VERY HIGH
Views:
140 221
VERY HIGH
Users:
1 457
VERY HIGH
Posts:
328
HIGH
Followers:
2 162
MEDIUM
Likes:
2 016
MEDIUM
Rating:
5
VERY HIGH
Followers:
14 371
VERY HIGH
Tweets:
319
HIGH
30 Days Growth:
316
Members:
39 892
VERY HIGH
30 Days Growth:
-6464
Alexa

Rank:
3 492 774
VERY LOW
Delta:
3 072 221
Year commits:
1 782
Watchers:
44
Stars:
18
Forks:
14
Open issues:
1

Team

Verified 10%

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

Global Community Developer
unverified
Technical Architect
unverified
Co-founder, CSO
verified
Senior Financial Specialist
unverified

Advisors

Verified 0%

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

Former members

Lucas LU
Senior Advisor
Stewie Zhu
Senior Advisor
Shangjin WEI
Advisor
Allen YAN
Advisor
Jianfeng YU
Advisor

Usechain Interviews

Baohong SUN
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am Chief Strategy Officer of Usechain project. Usechain is committed to developing the world's first mirror identity blockchain ecosystem.

Last News

$ 0.0012
12.77%
Coin Stats
Daily, %:
12.77%
Weekly, %:
-7.35%
Monthly, %:
-30.42%
Market Info
Market Cap:
$ 2.735 M
Volume 24h:
$ 58.627 K
Circ. Supply:
2.365 B USE
Ticker:
USE
N/A
5.0 0
ICO Profile Vision Activity Potential Product Team

Usechain Reviews

thetechinsider.org
reviews

Positives
User Incentives: Users can create value by investing time, assets, attention, etc. and receive returns from the ecosystem. The identity value in Usechain’s ecosystem will give back to the owners that will possess the main rights of the after all of the participants to reach a consensus. This will eliminate oligopoly and interest center by helping to create a “virtual society.”
Built to Scale: Usechain is designed to support large-scale transactions to meet the demands of millions of users. This helps manage the huge range of social and commercial applications that are on the platform.
Identity Virtual Machine: The IVM (Identity Virtual Machine) is the new standard for creating a high-performance smart contract. This can be sandboxed and defined with some applications.
Negatives
Limited Location: Usechain is only used in Singapore. This makes it harder for users in the US to invest in the platform. We hope that Usechain can expand to other countries as it continues to develop in the future.
Whitepaper Clarity: The whitepaper has a multitude of technical speak and errors. This can be difficult for investors to get involved with the platform.
Team Experience: While they do have an established team, we don’t know if they have any experience in completing projects. So we’ll have to see how they’ll complete their roadmap over time.

Read More
icorating.com
ICO review website

The project has a large number of partners and extensive business support. This fact is important for maintaining attention to the project and improves its position relative to some competitors. The regional focus of such partnerships is somewhat embarrassing, but it often happens with projects from the Asian region.

All of the facts above indicate that the Usechain project is still at an early stage. Wide access to testnet has not yet been provided for the community. We see certain risks in the roadmap timing as a very large amount of development is announced before the end of this year. There is usually increased attention from the community to such a project and possible bugs may be criticized sharply. We hope that the team will make a huge effort to make a high-quality release.

There is some pressure on the project from the competitors. Frankly speaking, new generation blockchains are "diminishing". New projects cannot count on record amounts of funds raised as EOS. Therefore, in order to stimulate interest in the community, the project needs to show good real network tests.

Read More
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO