U Network (UUU) - ICO Review, Rating and Details of U Network ICO (Token Sale) - Rating: Not Rated

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 Allocation

"Issued to Investors","Early investors and Advisors","Founding Team","Community Development" {"name": "Issued to Investors","value": 40},{"name": "Early investors and Advisors","value": 8},{"name": "Founding Team","value": 20},{"name": "Community Development","value": 32}

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
  • Advertisement
  • Gift
  • 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

Partnership Overview

  • NKN - NKN is the new kind of P2P network connectivity protocol & ecosystem powered by a novel public blockchain. We use economic incentives to motivate Internet users to share network connection and utilize unused bandwidth. NKN's open, efficient, and robust networking infrastructure enables application developers to build the decentralized Internet so everyone can enjoy secure, low cost, and universally accessible connectivity.

  • QuarkChain - QuarkChain is a flexible, scalable, and user-oriented blockchain infrastructure by using blockchain sharding technology.

  • Mixin - A free and lightning fast peer-to-peer transactional network for digital assets.

  • Bodhi - An ecosystem for Bodhi Tokens.

  • Atlas Protocol - Founded in 2018, Atlas Protocol has secured multi-million investment by Baidu Ventures, Fenbushi and DHVC. The founding team of the project includes many early employee and senior engineers in google and has a lot of experiences in both blockchain and internet advertising. Based on technology accumulation and industry experience, Atlas Protocol successfully develops new on-chain ads products including Atlas SmartVoting and Atlas Smartdrop. Atlas Protocol cooperates with many partners to integrate on-chain interactive advertising SDK and promotes the Blockchain Interactive Advertising Traffic Alliance. In the future, more diverse ecological projects will join the alliance to provide more on-chain interactive advertising scenarios and together to builds the Blockchain Interactive Advertising Traffic Alliance.

  • Oath Protocol - Oath is a security layer that provides a dispute resolution and governance solution for the blockchain ecosystem.

  • CoinX.pro - CoinX.pro trading system was developed jointly by senior professional programmers and world-class service providers to ensure a high stability, high capacity , speedy and convenient trading experience for COINX users.

  • IRIS Network - IRISnet is designed to be the foundation for next generation distributed business applications. It is a BPoS blockchain, built with Cosmos-SDK, that enables cross-chain interoperability through a unified service model.

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