Size of Potential Market
As ever, despite the presence of a significant number of projects tackling similar issues, a sizeable market still remains for the Ultrain team to target. The movement towards the commercial utilization of dApps continues to press ahead, as does serious developmental work regarding the use of both AI technology and IoT devices. As a result, the team have identified that their business approach can be applied to fields such as public utilities, transportation, manufacturing, agriculture and finance. However, they identify gaming, healthcare, and the sharing economy as prime candidates for launching and running dApps on their platform. Whether positive or negative, the Ultrain team are aiming to have a wide appeal and aim to offer their solution across the board.

Transparency
The Ultrain whitepaper goes a long way to generating a feeling of transparency as it highlights the project’s internal economy, token metrics, and fund allocation, with specific details given regarding any fees and revenue/token allocations taken up by the team or Foundation. In addition, short bios are given for team members while commercial partners and community leaders are also profiled in good detail.

Technology
The white paper outlines the core functions of Ultrain and explains how the platform will facilitate high performance trusted computing, artificial super intelligence on the chain, and blockchain based value IoT. While the yellow paper details the smart contract design of Ultrain and covers Dynamic-and-Adaptive Sharding, the Friendly Developing Environment, and Flexible Smart Contract Interaction. It also covers Ultrain’s consensus mechanism in great detail, and the technical aspects of the project are well covered.

Vision
The roadmap is a quite simplified document and does not include a particularly detailed vision. The main idea conveyed is that the team has already developed their testnet and enterprise service access network, and plans to deploy the public network some time before April 2019. In addition, the implementation of AI machine learning and IoT computing networks are set to take place from April 2019 to April 2020.

Ultrain is an ambitious project that aims to make usage of AI and IoT technologies an everyday occurrence. In addition, it is aiming to establish itself as a highly scalable blockchain platform that houses a wide range of dApps. As a result, Ultrain is operating in an extremely competitive market sector and going up against projects such as Ethereum, EOS, Cardano, Hedera Hashgraph, and platforms will a regional appeal such as Neo and Icon.
On top of this, their platform infrastructure that aims to bridge DLT, AI, and IoT technology may prove to be too difficult to realistically pull off, with the proposed IoT economy still years away. Also the project appears to be too wide ranging, and will need to develop itself in China and across Asia, before becoming a global presence.
With that being said, the project contains various strong features such as simplified smart contracts written in the widely used JavaScript language and providing an alternative to ERC-20 and NEP-5 tokens.
As Ethereum continues to work on scaling, and Neo and EOS go through a period of uncertainty, their remains the possibility for another platform to establish itself. Ultrain is well positioned to become a significant presence in China and has a very strong team and strong business partnerships. The team have solid experience of working for Google, Alibaba, Alipay, Nokia, and various leading organizations. In addition, partnerships have already been secured with leading Chinese companies such as Taihe Maitian, UC Express, Hangzhou H-CRM Technology, and Shanghai Mixmarvel Technology. On top of this, Ultrain is smartly developing a global base of influential regional community leaders, and has already secured $20 million in funding from a number of leading funds including Draper Dragon, FBG Capital, DanHua VC, Arrington XRP Capital, Morningside Capital, and Ceyuan Capital.
However, there is still little to go on with no MVP available, and participants must be happy with a small allocation for private investors, with the majority f tokens being generated by mining. As a result, Ultrain may suit the long term investor, or anyone enamoured with the project who can wait until the tokens hit the secondary market.

Market Competitive environment:
There are both large centralized players AZURE, Google Cloud, and projects with blockchain - Golem, SONM, iExec, Hypernet, DeepCloud on the market of cloud computing.
The competitors’ indicators are as follows:
Golem - capitalization - $323M, from the date of exchange entering the GNT price increased 22 times;
SONM – in the course of ICO $42M was raised, capitalization - $44,8 M, ROI USD - 0,8x
iExec RLC - capitalization - $63,8M, from the date of exchange entering the RLC price increased 2,7 times;
Elastic - capitalization - $14,7M, from the date of exchange entering the XEL price dropped 4,86 times;
Perlin.Network (at the stage of the Private sale, capitalization is unknown);
Dfinity (at the stage of Private sale $4M was raised, capitalization is unknown);
Hypernet, DeepCloud, Blockcloud are at the stage of preparation to ICO.

Technological advantages:
Well-developed infrastructure (but at the same time many things in it are questionable)

SOCIAL ACTIVITY
The project popularity in the social networks and discussion forums
The project is not detected on the radar of influencers.
Facebook: 63 followers, the average number of likes per post is 0, the average number of comments per post is 0, user activity is low.
Twitter: 432 followers, average number of likes per post is 1, average number of retweets per post is 0, average number of comments under the post is 0, user activity is low.
Youtube: 8 subscribers, average number of views per video is 20, average number of comments under each video is 0, user activity is low.
Medium: 66 followers, the average number of likes per post is 1 without any discussion in the comment section, user activity is low.
Telegram: 5k members, admins on the Telegram-channel are responding quickly, user activity is high, but not naturally generated.

Ultain aims to be the Next Generation Public Blockchain and aims to compete with likes of Ethereum , EOS , Quarkchain etc. Team looks strong & have worked with reputed organizations like Alibaba, IBM, Google Chrome. Project is backed by top VCS like NGC, DHVC, FBG, Arringgton capital . Roadmap is long with Mainet going live in Q2 2019 .The ICO/Genesis Mining for UGAS looks attractive as UGas is offered at 50% discount. The project certainly looks good for shorterm & Medim term . Longterm Uncertain

Strength and Opportunities:
Ultrain has identified specific uses cases for the network. In addition, unlike most projects with IoT applications, Ultrain brings other services to the chain, including user friendly smart contracts and computing power. The code is written in JavaScript, which is far more widely used than solidity and other applications. The team is strong and has background experience in blockchain, AI, cloud computing, IoT and security, all of which is relevant to the project. The roadmap is relatively short when compared to similar projects, and the public testnet will be available in September. Ultrain has a strong, well connected investor base, and already has 15 hub advisors building partnerships with key organizations around the world. Ultrain was awarded “The Rising Star of Blockchain 2018” at the China-US Entrepreneur and Investment Summit.
Weaknesses and Threats:
This project is entering the most competitive area of the blockchain industry. While Ultrain tries to differentiate itself, ultimately it is a smart contract platform, and is therefore up against Ethereum, EOS, NEO, Waves and others. While the rewards for the winners will be large, there will be very few winners.
Ultrain may be spreading itself too thin by attempting to address too many industries. This may help it gain critical mass (positive), it may be spreading itself too thin (negative). No mention is made of the chain being interoperable with other chains. This means the project will be at risk if interoperable networks become the standard. The project has not yet managed to attract a strong following. The Telegram channel has 7,800 members and the Twitter page has 1,500 followers only. It’s possible the WeChat group has more followers. The valuation is high considering the project has a long way to go and the market is already competitive.
Verdict:
This looks like a very good idea on paper. But, there are many unknowns, the market is very competitive, and the valuation is high considering there is no working product to speak of. There may be opportunities to trade the token once it is listed – there is a good chance of an initial pump as the initial token supply will be limited. For investors, an investment should be regarded as a small, high risk position with the potential for a high payoff in time.

Ultra is a blockchain-based game distribution platform aiming to break the market monopoly.
Ultra has tons more amazing features that we will cover in future pics and our G Report. But even now we can assume that it is one of the best projects we ever saw and we can give them a 5 out 5 rating with no doubts.