ICO date: November 09, 2018 - February 09, 2019
Industry: commercial ecosystem
“Decentralized engine for the future” – that’s the ambitious and catchy slogan that sums up the essence of Ultrain, a public-blockchain platform. Ultrain is a full stack decentralized technology and business ecosystem, based on random proof of stake algorithm with added sharding, device ID and optimal crypto algorithms. The efficiency of the net is maximized thanks to a truly decentralized feature and an exceptionally high level of security. The core functionality of Ultrain is a computing service called trusted computing – an innovative service model based on blockchain technology. Incorporating breakthrough advancements in cryptography, Ultrain is characterized by a completely decentralized architecture, Ultra-large-scale network cluster, multi-terminal support and high-performance execution. The vision of the projects’ founders is to free more computing power to create social value for real economy at the same time making sure its blockchain is secure and properly supported.
UGAS is a token that is used to buy processing power necessary for running smart contracts on Ultrain. Similar to the “Gas” of Ethereum, UGAS is a charging and settlement tool for Ultrain. Within the Ultrain ecosystem there are several participant roles which include: the miner, Ultrain development and operation team, DApp developer, DApp user and tokenholders. At the moment the Ultrain community consists of 15 hubs located all over the world, and their number is sure to grow.
The project has a well grounded White paper and an extended list of business partners, including Taihe Maitian, UC Express, Shanghai Mixmarvel Technology, which adds to its credibility.
Founded: 2018, China
Start: 9 November, 2018
End: 9 February, 2019
The project has some current vulnerabilities, being dependent upon favorable business, financial, and economic conditions to meet commitments on its deliverables. In the event of adverse business, financial, or economic conditions, the team is not likely to have the capacity to meet its commitments on the project.
Hi, I checked several ICO rating sites and Ultrain has Stable or Stable+ scores mostly. What's your view on investment potential of UGS token?
Has anyone installed the official new Ultrain App, they launched on the 1st of January? Need some feedback if it really allows to import wallets on the Ultrain's testnet. I am really afraid to lose wallet access, so if anyone has tried doing that, please drop me a line if it works fine.
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