Website

Usechain (UST)

ICO

Last updated: Aug 09, 2018

Usechain is a public blockchain ecosystem built on Mirror Identity Protocol.

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Overview

Project industry	Blockchain Infrastructure
Product type	Ecosystem
Founded	United States, 2017
Whitepaper	Open

Bounty program

What is Usechain

Usechain introduces a new consensus mechanism, Randomized Proof of Work to 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 technologies onto their blockchain.

Usechain lists such product features as:

Hardware-based performance improvement
Privacy-protected identity application
Boundaryless identity ecosystem
Top business school supported

Details

Pre-sales: Jul 25, 2018 - Aug 07, 2018
Public sales: Aug 08, 2018 - Aug 08, 2018
Token supply: 9,000,000,000 UST
Soft cap: 20,000 ETH
Hard cap: 60,000 ETH

Legal

Registration country: Singapore
Registration year: 2017

Token info

Ticker: UST
Type: Utility-token
Token standard: ERC-20
Token price in ETH: 1 ETH = 75,000 UST
Accepted currencies: ETH
Token distribution:
45% - For sale
5% - Marketing & Partner Support
20% - Community Rewards
15% - Technical Community Rewards
15% - Core Team
Funds allocation:
35% - Human Cost
5% - Company Operation
20% - Marketing
10% - Business Development
6% - Advisor Consulting
20% - Risk Fund
4% - Legal Compliance

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.

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.