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.
The platform focuses on introducing a new consensus mechanism and a randomized proof of work to balance perfectly strong security and high performance. In order to bring a new generation of blockchain, Usechain will use multi-level encryption and authentication methods, Identity virtual machine, zero proof, enhanced smart contract as well as other innovative technologies.
How UseChain Mirror Identity Blockchain Coin Works
Usechain is built on mirror identity protocol merged with high-level innovations in structure design and technology to eliminate the delays in the process of developing blockchain and bring a perfect balance between scale, security, and decentralization. Usechain, as an ecosystem is growing fast and will hold thousands of credit-based and identity-based applications in the future.
With the improvement in the ecosystem, the behavioral data that is generated by events and people will be transparent and irreversible on the identity-based ecosystem. Usechain has set a precondition where it uses the same level of security for maintaining privacy between identity and anonymous public blockchain. By doing so, the platform provides infrastructure that supports decentralized applications used in a variety of industries and at the same time bring a separation between identity and identity verification that has a basis on zero knowledge proof.
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).
The funds acquired from the token sale will used in divided portions in human labor cost, company operation, marketing, platform development, advisor consulting, risk fund and legal compliance.
Secure And Reliable infrastructure
The platform uses a secure infrastructure that focuses on sole identity mapping thus improving its application to scenarios that need identity.
The platform supports the participation of everyone worldwide. Usechain supports mining by use of even mobile devices because of its ability to use low resources and low energy consumption.
Low Energy Consumption
Through the platform's characteristic of identity mapping, it can reduce its dependency on the hashing power of the Bitcoin and thus be able to reduce consumption of energy and computing resources.
The platform inputs resources of the highest quality to assist the global community to develop its ecosystem. This, in turn, unites application platforms and leading companies.
UseChain UST Token ICO Details
- Token symbol: UST
- Token sale date: 05/06/2018- 06/16/2018
- Accepted payment method: BTC and ETH
- Total token supply: 20000000000
- ICO: 9000000000