-Next Generation Distributed Smart Network For The Sharing Economy-
What Is The Sharing Economy?
The sharing economy is also known as a collaborative economy or peer to peer economy. One of the pioneers in the sharing economy, Ms. Robin Chase, gave the formula for the sharing economy as: 𝐼𝑑𝑙𝑒 𝑟𝑒𝑠𝑜𝑢𝑟𝑐𝑒𝑠 + 𝑝𝑙𝑎𝑡𝑓𝑜𝑟𝑚 + 𝑝𝑢𝑏𝑙𝑖𝑐 𝑝𝑎𝑟𝑡𝑖𝑐𝑖𝑝𝑎𝑡𝑖𝑜𝑛 = 𝑡ℎ𝑒 𝑠ℎ𝑎𝑟𝑖𝑛𝑔 𝑒𝑐𝑜𝑛𝑜𝑚𝑦. In the world of sharing economy 1.0, people provide their idle resources, either a physical property or a service through a third-party platform for other people in exchange for money.
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Who Are We?
UCHAIN is a global team with many years of experience specifically in the technological field. In September 2017 the headoffice was set up in Canada and since then UCHAIN has been recruiting developers, community operators and team members who are interested in the sharing economy. At the same time the team has been looking for partners around the world and has reached strategic cooperation with some outstanding enterprises in the sharing economy field.
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What’s UChain?
UChain is the first public infrastructure blockchain specifically designed for the global sharing economy. Along with other sharing economy enterprises, UChain aims to build its underlying blockchain network to solve the current problems of trust and data abuse. Exercising API’s and SDK’s provided by UChain, all sharing economy enterprises are able to issue their own token and build their application on top of the UChain network, together making UChain a better global autonomous sharing economy ecosystem.
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How Will We Do it?
We will work to restructure the distribution system with a decentralized network, remodel the credit system with a distributed ledger and rebuild the financial system with the use of smart contracts, allowing us to improve the efficiency while decreasing the cost of the sharing economy. We aim to achieve an open and autonomous sharing ecosystem for our users around the world, thus, allowing the sharing economy market to have a faster and healthier development.
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-UCN-
UCN is the basic unit on UCHAIN. The value of all other tokens is derived from UCN value. Those who wish to join or leave UCHAIN must buy or sell UCN.
-UCN USE CASES-
Transaction value: UCN is circulated in all DApps built on top of UChain as payment for all kinds of transactions.
Supply chain vouchers: UCN can be used as vouchers for the purchase of assets from suppliers (sharing bicycles, smart devices, etc.).
Data contribution rewards: Users will be rewarded with UCN if they decide to contribute their data to the development of the ecosystem.
Value-added services: UCN can be used for payment of API services provided by UChain.
Community rewards: UCN will be rewarded to the community contributors such as third-party developers and community operators.
User incentives: UCN can be earned by improving your community activity such as on-boarding more users and creating valuable content.
Fees: All fees will be denominated in UCN such as transaction fee from Sharing services and DEX.
Ad delivery: UCN can also be paid for advertisements deliver through the UChain advertising system.
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-UCP-
Users can get UCP by locking their UCN. UCP is just UCN with voting power, and as such gives the holder higher ecological access.
Staking: UChain will incentivize holders who keep UCP for a long time by granting them UCN, the distributing rate will be dynamic so people who hold and lock UCN for a long time will get extra bonuses.
UCP is not exchangeable nor tradable.
By investing in long-term value, the whole ecology can achieve its ideal vision besides making short-term gains. At the same time, token holders will enjoy vitality from the development of our ecosystem. Long-term holding by community members will be the backbone of UChain’s ecology. In the world of cryptocurrency, we see short-term investors continuously looking for cryptocurrencies with higher potential value. UChain aspires to build an autonomous ecology full of people with shared values.
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-U-Bicycle-
U.B.Group Holding’s, who are U-Bicycle’s parent company, are headquartered in Vancouver alongside other main offices in Shanghai and Singapore with more operational offices around the world.
The bicycle sharing service, U-bicycle has over 30 million registered users currently located in East Asia, South East Asia, North America, with plans to move into Europe.
U-bicycle focuses on the sharing economy, derived explicitly from the global issues of urban mobility, tackling the fight against difficult transportation and parking methods. We aim to alleviate these issues through our smart and innovative services, consisting of departments of bicycles, smart devices, R&D, supply chain logistics, maintenance and operations, and big data services.
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-U-Bicycle DApp-
U-Bicycle will launch its sharing bicycle application on UChain, which will also be the first sharing service platform based on the blockchain. The U-Bicycle APP is already developed on iOS and can be easily migrated to UChain after its Mainnet launch.
Users can either rent bicycles on the platform or contribute their idle bicycles in exchange for rewards. All user and transaction data from the U-bicycle DApp will be stored on the UChain blockchain. Through UChain’s technical solution for the sharing economy enterprise and its tokenized community management, U-Bicycle will achieve faster growth, increased user engagement and higher operation efficiency.
-Application Layer-
The U-Bicycle DApp provides following functions:
Search function for nearby bicycles based on real-time location
Map function with straight vacant bicycles illustration
Unlocking function with an easy QR code scan
Payment function
Monthly bicycle service subscription
Reviews and suggestions
Red Envelope rewards
Red Envelope Reward - In order to increase the use efficiency of the bicycles, U-Bicycle will implement smart contracts, that when the use of a bicycle is below a certain threshold, it will be identified as a red envelope bicycle on the DApp. Once the user rides a red envelope bicycle, a certain number of tokens will be rewarded depending on its previous degree of use, along with the total distance the user rides.
Task System - The U-Bicycle DApp will also have a system that distributes operational tasks with a token reward. It will publish the location-based tasks according to the real situation, such as moving a certain number of bicycles from location A to location B, due to the number of bikes being disproportionate. All users in location A will be able to view and accept the task and once the bicycle is transported to location B, the task is considered complete and users will be rewarded with tokens, which will be displayed prior to accepting to the task.
Asset Management Service - U-Bicycle provides users who have bicycle resources with the opportunity to digitize their heavy assets to earn tokens. Besides the 100,000 bicycles owned by U-Bicycle, users can also contribute their idle bicycles to the platform after they register them within the UChain Digital Asset Registration Platform, renting them to other users, and earning tokens with ease.
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-Our Core Team-
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-Our Advisors-
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-Strategic Partners-
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-Organizational Partners-
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-Roadmap-
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-Token Sale-
