If you’ve heard about u42.io or You42, as they call themselves, then you must be an ardent entertainment ninja with an eye for cryptocurrency. But for them to say the current entertainment industry is fractured, perhaps in a desolate state that may soon end up being meaningless, You42 must have done lots of research. Their Whitepaper is a bit convincing, though.
They say they are the ones who would eliminate the need for record labels and other go-between and thus link artists with their audiences in a seamless manner. Further, You42 expects to empower both artists and fans using their seemingly revolutionary social entertainment platform.
Will their dream be a reality and indeed bear bountiful fruits? We don’t know.
What Is You42?
To better understand them and perhaps invest in their ICO, you don’t have to only look at their sleek, blue and green themed website. Neither should you focus on the well-elaborated Whitepaper alone. There has never been a social entertainment venue built around blockchain in the whole world up until You42.
You42 is packaged as the world’s pioneering social entertainment platform that’s blockchain-based to bring together entertainment content creators and their followers. At the moment, there’s a Web app built in HTML5, the Beta version. Among those expected to use the platform and monetize their crafts will be gaming, music, sports, and news fanatics and other fun-loving souls.
You42 Social Entertainment Blockchain Coin Roadmap
According to the Roadmap, Platform planning and Early-stage development of this dream took place in 2016, and they have gradually grown up to where they are today, readying up for the ICO.
Some of the main stages of the actualization of this Blockchain-Powered Social Entertainment Project (in a chronological manner) include:
- Platform planning and Early-stage development.
- Integration of Upload and Search functionality.
- Setting up of Social Feed and Messaging feature.
- OTT Content.
- Token infrastructure stage including Economy specs, Token design, and creation of the advertising module.
- Staffing of the internal development team.
- Launching of the platform as well as the ICO.
You42 U42 Token ICO Details
- Symbol: U42
- Token type: ERC20
- Total Tokens: 525,000,000
- ICO Token Price: 1 U42 for $ 0.50
- Fundraising Goal: 50 million USD
- Accepted: ETH
- KYC: Yes
The tokens are issued and transacted on Eth blockchain and will allow one to purchase advertising rights in either per-use or per-display model. Pre-sale took place on April 23, 2018, and the main ICO is slated for July 2, 2018.
IMPORTANT: Right after the ICO is closed, the platform automatically goes live.
Developers of this platform are transparent and so hardworking that they document everything they are doing in the Blogging section of their website. You may keep up with their ‘Sprints’ published on the blog and understand how well they are going on or simply sit and wait for the You42 launch.