TOP Network and Ultrain Formed Strategic Partnership To Empower Blockchain Technology and Community Development
TOP Network, a full-stack decentralized cloud communications network, and Ultrain, a world-leading public blockchain optimized for commercial use, officially announced a strategic cooperation at the 15th Yabuli China Entrepreneur Forum on 16th August. The two parties will strive to join forces in the areas of blockchain technology empowering and community development.
By bringing communities of TOP Network and Ultrain together, both can spread awareness of our innovative technologies to a broader audience. The two entities look forward to the future when TOP Network and Ultrain can jointly promote the sound development of blockchain industry.
Ultrain is a world-leading public blockchain optimized for commercial use, aiming to build a general purpose blockchain offering cloud services and an operating system. Based on Ultrain, the team are committed to providing a computing service called trusted computing.
TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more. TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume.
As both TOP Network and Ultrain are developing public chains, focusing on scenario realization of blockchain technology, there is ample opportunity for collaboration. With TOP Network’s based-in-Silicon Valley background and extensive successful startup experience of CEO and Ultrain’s Internet-gaint background, the two parties will pool resources and achieve complementary advantages on the aspect of US-China market and technology.
“The partnership between TOP Network and Ultrain also offers many opportunities for collaborative initiatives that promote blockchain technology empowering and community development，” said Noah Wang, CMO of TOP Network. “Ultrain is a promising project that has abundant industrial resources both China and abroad, which could prove very useful to the TOP community in the future. We are glad to enter into this agreement with Ultrain, and we look forward to building blockchain ecosystem and growing our respective communities and technologies together.”
About TOP Network
TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.
TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume. Powered by innovations including three-layer network, two-layer sharding, two-layer lattice DAG and PBFT-DPoS*, TOP can process several hundred thousand transactions per second on the blockchain.
The long-term mission of TOP Network is to build a public blockchain infrastructure for all Dapps. Our world-class team of over 100 developers is striving for this goal.
TOP Network originated from the common underlying network layer of Dingtone, CoverMe and SkyVPN, three communication apps built by the TOP team before the blockchain project. These apps, having attracted over 60 million users in total, will be ported to TOP Network upon the launch of TOP and generate huge volumes of transactions in the TOP ecosystem.
TOP Network was founded by serial entrepreneur Steve Wei and his colleagues in late 2017. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a public listed company operating popular communication apps such as Dingtone, CoverMe and SkyVPN.
On March 26th, TOP Network made its debut as the first project launched through Huobi Prime — Huobi’s selective Direct Premium Offering platform. A total of 1.5 billion TOP Tokens were sold out in seconds, after which the price of TOP surged 2770% once it was freely tradable. Upon the listing, TOP’s trading volume hit $100 million in just eight seconds, and surpassed the trading volume of Bitcoin at $167 million in less than a week, ranking first in terms of volume on Huobi Global. Before that, TOP Network has closed $15 million early investments from prestigious institutional investors and individual billionaire investors, including DHVC, Fenbushi Capital, NEO Global Capital (NGC), Ontology Global Capital (OGC), LD Capital and more.