The UChain project is going create a new era in global sharing economy. The companies that are using the sharing economy, as their main business model, are very popular. Everybody heard about Uber and Airbnb and yes, these companies are using the sharing economy. The main problems of this sector are, the transaction costs, extremely high fees, and the centralization. Because sharing economy, also known as “peer-to-peer economy", has nowadays nothing to do with a peer-to-peer model. As well as Uber or Airbnb are all managing everything within their systems. There is always a third institution in action. The UChain project is going to solve these main problems and make the sharing economy to the real peer-to-peer marketplace.
The first problem, are the extremely expensive transactions, because in the centralized world, the main income comes from the transaction fees. With an integration of the blockchain technology, it will be possible, to reduce the transaction costs by 20 percent. Furthermore, the high security level of blockchain, will help to protect the user data. The next interesting solution of the UChain team, is to create a unique user credit passport. Every user will get their own credit passport. The main advantage of this passport, will be the opportunity to identify yourself only once and you will be able to use all the advantages of UChain partners, like accommodation, transportation or travel sharing economy.
The UChain ecosystem will have three main actors within the system. The first one, are the users, that are interacting with UChain, sending P2P transactions are using different DApps. The second actor, are going to be the companies, that are going to place their DApps in the UChain ecosystem and the most important actors are the developers, that are going to create and design these DApps. Another great feature is going to be UChains’ own digital wallet. Moreover, they will implement a decentralized digital assets exchange in the wallet, so the users will be able to trade directly from their wallet.
The UChain team has a long term thinking and that’s why they already made a lot of amazing strategic partnerships to spread their idea. The most important partnership was made with U.B. Group Holding. U.B. Group Holding consists of U-bicycle, X-Bike, GrabCycle, U-park, U-car and some other companies, that are having an accumulated user base, that is bigger than 100 million users in more than 5 different countries!
Surely, the whole system will run on the Uchain token or UCN. With the UCN token, the user will be able to interact with available DApps, to purchase products from the Uchain partners, to get rewards for sharing their data or for creating content.
Speaking about the token sale. The pre-sale stage is already completed and the UChain team made a very important strategic decision and decided to cancel the crowd sale. During the pre-sale stage, they collected more than 35,000 Ethereum and they decided, that it would be enough. I want to congratulate the lucky once, who took part in the pre-sale stage and got some of UCN tokens. And remember, that some tokens will remain locked, approximately till October. For those, who did not participate in UChain token sale, I would recommend to follow the updates and get some of their tokens as soon, as they will go live on exchanges.
All in all, the UChain ICO is going to change the sharing economy by implementing blockchain technology and solving a lot of problems of this sector. This ICO has already a huge strategic partner and this makes them even more perspective. Take some time, to become more familiar with UChain project.
Official website: https://uchain.world
Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
Blog: https://medium.com/@uchain
Twitter: https://twitter.com/UChainEcosystem
Telegram: https://t.me/UchainEcosystem
Reddit: https://www.reddit.com/r/UChain/
ANN on Bitcointalk: https://bitcointalk.org/index.php?topic=4587074.0
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Bitcointalk username: Boss95rnd
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