Usechain- The First Mirror Identity Blockchain Ecosystem.
Technology has made great progress with the introduction of the blockchain technology in 2009 when digital currency was first introduced. Bitcoin was the first ever digital currency to be introduced in 2009, which started the blockchain 1.0.
The introduction of Bitcoin brought about the idea of "decentralised currency"; after Bitcoin came Ethereum and several other digital currencies. Blockchain technology, since the Inception of digital currencies has only been applied to digital currency trading and digital currency- Fiat currency exchanges. This limitation is the reason for the blockchain industry being undervalued and the mass adoption of digital currencies is still underway.
With the introduction of Ethereum which occured after Bitcoin, digital currency exchange became easier partly as a result of the smart contracts Ethereum makes use of but still, the overall transaction speed and the number of allowable simultaneous transactions of digital currencies cannot be compared with that of Fiat currencies; this has been one of the factors slowing down the global adoption of blockchain technology.
Blockchain technology has not even hit its peak yet, the ultimate goal of blockchain technology is to being about large-scale value transmission just like the internet brings about large-scale information transmission.
For this goal of blockchain technology and its global adoption to be realised, blockchain technology must improve on its blindspots; blockchain technology must improve its efficiency towards the transaction process management and should be able to cater for billions of users simultaneously, must improve on the identity requirements of KYC (Know Your Customer) as this would greatly enhance the global adoption of blockchain technology into daily activities, must also ensure a more user-friendly interface as the interface matters a lot when it comes to the usage; if an interface is too sophisticated for an average user, there would not be a lot of users. The blockchain technology that satisfies the conditions above is no other than the "Usechain platform".
The Usechain platform being developed by the Usechain foundation is more or less the "Blockchain Technology of The Future". The Usechain foundation which is based in Singapore is a non-profit organisation committed to developing Usechain.
The Usechain platform readily addresses all the setbacks of the current blockchain technology. The main application of Usechain would be to various platforms that require identity; the absence of identity requirements in current blockchain technology has led to a series of crimes ranging from impersonation to laundering and these crimes occur very frequently, hence the introduction of "Usechain".
The Usechain platform would inherently improve transaction verification period and accommodate huge numbers of simultaneous transactions made by its users.
The Usechain platform would be the first ever mirror identity blockchain; this would easily be achievable by the team behind this project, not just the team but also by virtue of the collaboration with various partners and companies that would help with the necessary resources towards the creation of identity-based applications.
The Usechain Ecosystem.
The Usechain Tokensale.
The Usechain token with symbol UST is an ERC-20 based token with total supply of 20,000,000,000 UST tokens.
45% of the total supply of UST which is equivalent to 9,000,000,000 UST tokens would be allocated for sale, 5% which is 1,000,000,000 UST tokens would be used for marketing and partner support.
20% which is 4,000,000,000 UST tokens would be allocated to community rewards, 15% which is 3,000,000,000 UST tokens would be for technical community rewards and the remaining 15% which is equivalent to 3,000,000,000 UST tokens would be allocated to the core team.
The funds raised by Usechain would be used as follows:
Usechain Roadmap.
Usechain Core Team.
Usechain Advisors.
Useful Links:
Website: https://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Medium: https://medium.com/@usechain/
Telegram: https://t.me/usechaingroup
Twitter: https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation/
Bitcointalk Ann Thread: https://bitcointalk.org/index.php?topic=3609821.0
Writer: kitanodebunmi
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1298583
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