What Is UseChain?
Usechain is a platform that aims at developing the first ever mirror identity blockchain ecosystem that improves the use and utilization of blockchain technology. The platform aims at improving performance by providing a transaction management and support process that is efficient, identity based, and with low technical barriers applicable in the mass market.
It is a Singapore based company poised to eliminate the shortcomings (lack performance, security) of existing blockchains by introducing a mirror identity protocol which is a major point of difference compare to other blockchains. Their aim is to develop the first ever mirror identity blockchain ecosystem. This implies that smart contracts and apps run or executed on UseChain’s blockchain have as its core value data privacy and security. This will enhance the utilization and use of blockchain technology.
Engineered by a world-class technical team, Usechain will achieve a balance between scalability and security by fusing their unique “Randomized Proof of Work” (RPOW) revolutionized consensus built on identity with a multi-tiered sharding network to make transactions safe and efficient. Real identity information will be encrypted for privacy and mapped for legal assurance so as to be available to governments for investigations against criminal actions.
This project is a project of the future. It provides the following opportunities for its users: - As you know, transactions are not always safe. Since all transactions are anonymous, many scammers use this opportunity to launder digital assets from users. UsechainThe project that solves this issue. The company provides installation of a multi-level data security system that can provide complete identification of the user. Hence, it should be noted that only information of a cartographic nature is recorded in the chain block, which will not have additional information.
Similarly, the platform simplified the processes of asset management, social management and improve identity by enabling people to be linked to the financial service offered by Wallstreet in a convenient, simple and immediate manner.
In the bid to take blockchain technology a step further, UseChain will use authentication method, multi-level encryption, zero proof, identity virtual machine, enhanced smart contract with other advanced technologies.
The platform’s official token referred to as UST is based on the ERC20 protocol on the Ethereum blockchain. Users can acquire the token during the initial Coin Offering. The main aim of creating the token is to give an opportunity for all participants to be involved in the building of the entire community. The token will also be used to reward the developers and supporters of the platform’s community as well as enabling the entire ecosystem to grow. UST will also allow every participant who hold tokens to use Dapp (Decentralized Application).
Token
The UST token will be an Ethereum blockchain based (ERC 20) token prior to mainnet launch. The token will be used to provide mining rewards and execute transactions on the blockchain.
ICO Details
Token symbol: UST
Total tokens: 20 billion tokens
ICO supply (private & public): 9 billion tokens
Soft cap: 1350 BTC
Hard cap: 4500 BTC
Price/Conversion rate: 1 BTC = 1000000 UST
Projected crowd sale date: 20th June, 2018
USEFUL LINKS
Website: https://www.usechain.net/
White Paper: http://www.usechain.net/usechain_en.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=3432061.0
Facebook: https://www.facebook.com/UsechainFoundation/
Twitter: https://twitter.com/usechain
Github: https://github.com/usechain
Reddit: https://www.reddit.com/user/Usechain
LinkedIn: https://www.linkedin.com/company/usechain/
Medium: https://medium.com/usechain
Telegram group: https://t.me/usechaingroup
Telegram channel: https://t.me/usechain