Introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.

ICO Platform: Ethereum

Industry: Identity and Security

Price: 1BTC=1 Million UST

Bonus: N/A

Soft Cap: 1,350 BTC

Hard Cap: 34,700,000 USD (4,500 BTC)

Total Number of Tokens (Available for sale): 20 billion UST (9 billion UST)

Website: Usechain Website

White paper: Usechain Whitepaper

Telegram: Telegram

What is Usechain?

Usechain is a Singapore-based company committed to developing a self-sovereign identity Blockchain community alternative to the well-known Bitcoin and Ethereum Blockchains. Usechain incorporates many innovative technologies such as RPOW (Randomized Proof of Work), a multi-tiered sharded network, integration with government identities, and a social network-based credit making/lending/securitizing system on which many real-life applications may be built. Potential applications Include finance, IOT, supply chain, social network, and games.

Innovative technology, identity mapping, comprehensive governance structure and an application-focused design gives Usechain advantages over Bitcoin and Ethereum, the current top contenders in the cryptocurrency landscape.

Mirror Identity

As a basic explanation, the meaning of Mirror Identity can be defined as Blockchain based Identity Address Mapping tool. Usechain platform ensures the situation that your identity is being safe as it will be stored and will be shown to others as anonymous data. While address transaction records will be transparent, your address stays anonymous.

Proposed Solution (The Product)

Usechain comes as a solution to solve all the obstacles in the process of developing blockchain technology. Currently, Usechain is creating blockchain identities built on the new technical structure. The platform provides the infrastructure supported by MIP, as the underlying technical support exploration for the development of Dapps in various fields. Starting from the field of entertainment, consumption, social networking, finance, supply chain management, games, IoT, and much more.

Thanks to its multi-level innovation in structural design and technology, Usechain is superior to today’s mainstream public blockade such as EOS, ETH, and BTC. Usechain can overcome the Impossible Trinity of a new dimension of identity. At the same time, it offers a perfect balance between scale, decentralization, and security. The advantages provided by Usechain, making it as an ecosystem that can proliferate over time. He will hold thousands of applications based on identity and credit in the future.

The core idea of the Usechain platform is to add value to identify and create new commercial models of blockchain technology based on MIP and multi-level innovation integration. Usechain has the same level of security for anonymous public blockchain privacy and identity blockchain.

Usechain offers infrastructure to support the development of Daaps in various services and industries. The platform makes it possible to transform assets, organizations, and people into identity tokens. The Usechain ecosystem offers a decentralized and high-performance exchange, enabling value in any form to operate and flow efficiently. Also, it will also separate identity and identity verification based on zero proof knowledge.

All behavioral data generated by people and events in the Usechain ecosystem will be displayed transparently, irreversibly by anyone. The platform is built with secure and sophisticated infrastructure. The infrastructure focuses on single identity mapping, thereby increasing the number of applications requiring identity. Also, Usechain is also supported by commercial and academic resources from top business schools.

The Team

Roadmap

SWOT Analysis

Strengths

The World’s First Mirror Identity Blockchain.

They have a strong team, with well-experienced advisors.

The Identity threats is one of the fastest growing scenes in tech and it is far from being saturated.

Usechain use case is extensive. It cuts across Identity and Security industries.

Weaknesses

No ICO date yet.

Opportunities

Usechain already has partnership agreements with the biggest names in the Blockchain market: Yahoo Finance, Albany Business Review, Cision, Market Watch, Yam and others.

There are no projects like Usechain, this means reduced competition and ample time to establish their ecosystem before competing start-ups crop up en masse.

Threats

I do not see any real threats a part from first one in the market. So they will have to learn from their mistake.

There are no barrier for other organisation to entry the market

In conclusion, it is very hard to find something negative to say about Usechain. They are backed by a company that has already accomplished quite a lot over the past years, the team has a healthy combination of expertise and experience, their use case is solid. The only drawbacks are: there is no token sale date ye. Usechain may be a smart investment in the coming months (or years), but as always, investors must be cautious and remain informed.

For more information about this ICO please go to

Website：https://www.usechain.net/

White Paper: http://www.usechain.net/usechain_en.pdf

Facebook：https://www.facebook.com/UsechainFoundation/

Twitter：https://twitter.com/usechain

Reddit：https://www.reddit.com/user/Usechain

Medium: https://medium.com/usechain

Telegram group: https://t.me/usechaingroup

Bitcointalk: https://bitcointalk.org/index.php?topic=3432061.0