The blockchain network is the emerging technologies arguably one of the most exciting as labeled disruptive and innovative. It has been receiving attention from a variety of industries to record the transactions in a secure, stable and chronological way. Usechain is the blockchain ecosystem dedicated and developed the first mirror identity with multi-level innovations in technology and structural design for breaking the bottlenecks for the development process of the blockchain. Like other blockchain networks, Usechain releases tokens call UST for potential holders regarding the processed token sales. The issuance of Usechain official tokens UST enabling the participants using the decentralized applications.
The platform is based on a protocol for the identification of mirrors, combined with high-level innovations within a specific structure using innovative technologies. The main goal of the project is to eliminate delays in the development process based on blockchain technology and provide the ideal balance between scalability, security and decentralization. Since the ecosystem of block-projects is growing rapidly, and in the future will combine thousands of applications, a reliable system of verification and identification will be essential for safe operation in networks.
Usechain Foundation
The Usechain foundation is establishing a non-profit platform and dedicated to organizing the association should launch in Singapore. This will work being a supporter to the governance of transparency encouraging the security and harmony to the open-source ecosystem. The proceedings can keep away from the plans by infringing the notion of blockchain for the establishment to build up an honest domination arrangement as long as back to the general affairs for the advantaged substances.
UST
UST is the utility tokens of Usechain and it is not any kind of digital currency or security, commodity or financial instrument. Therefore, it cannot go underneath any such securities, laws or jurisdictions. These tokens can be worn for some specific principles as it is not restricted to any sort of speculation, speculation or extra financial purposes. The tokens are not for sale and cannot be used for jurisdiction leaving out the sale or use of cryptocurrency. The tokens do not involve any form of privileges or partial ownership, allocation rights for limited profits, deliverance rights, liquidation rights, exclusive rights of academic property rights or other financial or legal rights.
Use of Funds
The funds raised will be used in specific aspects to support the operation of the Usechain. The instruction of fundraising goes like this:
Human cost enables 35% of the fundraising as it hires the experts in the field of the blockchain, finance, website, distributed ledger technology expertise etc.
Company operation 5% reserved for the start-up cost.
Marketing department evolves 20% of funds for branding, advertising, cross-field cooperation and other expenses for a couple of years.
Business development factor maintains 10% of funds will support the commercial development of different applications in the Usechain ecosystem.
Advisor consulting has 6% reserve for overseeing the project development, advise, consultation and sharing of expertise.
Risk funds reserve 20% for preparing for unforeseen risks.
Legal compliance confirms 4% for staying compliance with related cryptography regulation and jurisdiction laws.
Commitment and Protection
Usechain releases the commitment and protection. The team will publish an operations report for each quarter to ensure transparency. They will invite some international renowned for the individuals and audit the firms to conduct independent audits. They regularly hold the offline meetings with an aim for the core investors and send invitations for visiting.
Innovative Solutions
Blockchain innovation has added another measurement to the value-based framework however it has not yet been received by the mass market. The introduction of Bitcoin was the start of the new ers to the supply by declining generation. Usechain can fathom all the Impossible Trinity with the measurement to reach in an ideal adjust with security and decentralization. It forces all the propelled innovation and working framework offering help to the application investigations in fund, utilization, amusement and social administration. It gives appropriate help to DApps with the framework under the precondition of a similar security level for the protection recognizing the blockchain arrange.
Usechain innovates with the introduction of a new consensus mechanism influences randomized Proof of Work with a balance of high performance with stronger security. This will also apply the multi-level authentication and encryption mechanism for Zero Proof. The system involves Identity Virtual Machine, Identity Network Sharding, Identity Transaction Sharding, Enhanced Smart Contract, and other innovative technologies creating a whole new generation of blockchain that leads to the Blockchain 3.0
Usechain will provide the infrastructural for the virtual and parallel world in the future. This will ultimately build an identity blockchain system for a new technical structure.
Website : http://www.usechain.net/
Whitepaper : http://www.usechain.net/usechain_en.pdf
Telegram https://t.me/usechaingroup
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1966838