💥New in upcoming – Ultrain💥
🔹TMF index – 2.62🔹
▫️DHVC – 1.26 (#3 in the ranking)
▫️FBG Capital – 0.87 (#10)
▫️Draper Dragon – 0.29
▫️XRP Capital – 0.2
Ultrain is a new public blockchain with proprietary consensus algorithm and operating system. Ultrain positioned itself as a multipurpose public blockchain that gives Dapps developers flexibility to choose from a variety of consensus algorithms and monetary systems (inflationary, deflationary, hybrid) as each Dapp runs on its own side-chain.
💵Token sale metrics:
Hardcap – 20,000,000 USD
Percentage of tokens for sale – 10%
Total valuation – 200,000,000 USD
UGas will be used as a fee for using Ultrain network computing resources, to run any smart contract or application you will have to spend a fee. Nodes on the other hand will have to stake UGas in order to receive more computational tasks. 20% of tokens spent on third-party services for developers such as zero-knowledge proof or authentication will be burned. Overall we like how the token economy is structured however it will have any impact on the UGas token only after the mainnet launch
Closed testnet achieved 3000 TPS on 1000 nodes. Mainnet is scheduled to launch in Q1 2019.
What we really like about Ultrain is the team: CEO previously worked as a Technical Director in Alibaba Security Group and as a Technical director of the IBM Global Consalting Service Department, another co-founder is a former head of Alipay blockchain division and core architect of Alibaba Cloud OS. In total Ultrain claims to have more than 40 team members, 14 people listed in the whitepaper and most of them previously worked in Alibaba or ANT Financial.
☀️🌧Pros and cons:
✅ Strong and experienced team
✅Strong token economy model (burning + staking)
✅Strong investors backed the team
❌Not bullish on Ultrain token sale metrics
❌Don’t like their approach of a unified solution to many industries from healthcare to sports. Ultrain claims to be able to become a one-stop solution for almost everything. However, we think that specialized on particular industries chains have a competitive advantage and more chances to go mainstream (for example, Metadium for ID, EOS and Ethereum for gaming, Origo for privacy-preserving applications and so on) as they better understand the needs of a particular type of clients and ready to tailor their products
❌Currently no hype at all
⚠️This is not “an easy flip” but an interesting project with one of the strongest teams to watch for the long-term adoption