U Network is a decentralized content asset storage, notarization, distribution, publishing and valuation network based on the blockchain.
Problems & Solutions
Flaws with Existing UGC Platforms
- Unfair - Content creators and users are not rewarded fairly for the content they create or support.
- Poor Quality - Quality content is hard to discover as content discovery algorithms are harmed by spammers and paid bots.
- Centralized - Users do not have ownership for content: when centralized platform shuts down, user will lose intellectual property.
Creative Applications and Solutions
An array of content-specifc UGC platforms will be built on top of U Network’s content storage, notarization, publishing and valuation fundamental structure. On top of these, U Network introduces prediction market mechanism to solve problems such as quality content discovery, unfair distribution of profits and centralized governance.
It does this by better rewarding content creators for quality content, by allowing users to earn money for predicting popular or unpopular content successfully, by making it easier to discover high quality content as defined by basic economic principles of self-interest, by allowing all users to be part of content moderation and governance decisions and by rewarding network nodes. This represents U Network's primary focus for in-house development.
Token Sale & Economics
Token Utility & Use Cases
Sugar (UUU) represents the right to use U Community and its related applications. It’s the link between value and content and the link between users. Sugar is the value carrier of the U Community. The larger users U Community attracts, the more quality content is produced. Sugar, with limited total supply, would benefits all the Sugarstakeholders when the market demand increases. U Network users are not only customers of the platform, but also beneficiaries if the community thrives.
- Incentives for Content Creators, Explorers, and Moderators
- Socialized Investment, Smart-contract based Co-investing
- Survey, Voting, Prediction Market
- Paid Subscription, Paid Q&A, Pay to Message
Roadmap & Updates
- Feb 2019
- U Network new website and Mainnet Uchange released
- Mar 2019
- New DApp alpha version release
- May 2019
- New DApp beta version release
- Aug 2019
- U Network Mainnet Unlimited and developer tool kits release
- Dec 2019
- Build U Network ecosystem and import DApps into U Network platforms
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- U Network Buyback Program
- U Network Bi-weekly Report #15
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- One Key Token Release on U Network Testnet Tutorial
- Architecture Design Plan of Testnet 2.0 — U Network Bi-Weekly Report #11