UGCHAIN: DECENTRALIZED GAME ECOSYSTEM

A popular Japanese game team led by Andy has formally completed its integration with ugChain, after a collaboration adjustment period of 2 months, with the ugChain brand continually being retained by the new project. Based on a model of fund management, this new project is the leading blockchain project in the world. Ecosystem participants in different locations are supported by ugChain using the double blockchain mechanism to setup the main application, and benefits that are derived from UGC’s blockchain technology can be shared by its participants.
ugChain’s core is a decentralized account system (DAS) that is based on blockchain technology, being an ecosystem that consists of a series of decentralized applications . This system has an in-built private token; UG Token (UGC), which equally has equity and monetary attribute. ugChain has a primary goal of growing the “UG blockchain” to lead the global coverage of decentralized game industry ecosystem, with, reaching a great quantity, strong influence of decentralized account balance system, as well as solving most of the existing problems in the current centralized applications, its eventual goal.
As an organization that is user autonomous, ugChain Community members that hold the UGC vote decide material affairs of the community, and exercise the community’s supreme power through voting. The UGC shares represent voting right.

OVERALL ugCHAIN SYSTEM UPGRADES
• UGC Global Eco-Developer Program
• Coordinated Development of The Industry
• Management Mechanism Upgraded
• Double Blockchain Mode Upgraded

IMPORTANT COMPONENTS OF THE DECENTRALIZED ACCOUNT SYSTEM (DAS)
• DAS Account Contract
• BaaS Platform
• DAS API Contract
• UGC Contract

ATTRIBUTES OF THE NEW DAS DECENTRALIZED ACCOUNT SYSTEM
• Great improvement of transaction and asset management
• License access
• For transfer to public blockchain, it is the closest to the traditional scheme of speed
• It is user-friendly
• Constant volume
• Safety
• It is easy to use
• It has real ability to carry the game application of the relevant business blockchain system
• It charges no commission
• It uses Ethereum to issue tokens and support two-way circulation as well as anchor the value of DAS economic system

ugCHAIN ECOSYSTEM
Game Distribution Channel: Boolu
A variety of contract programs are offered by ugChain to facilitate active participants in the gaming community as channel operators. There is a distribution center provided by the UG service provider where accessed games can be distributed. And based on the services provided by the platform to build its own promotional gain sharing system any participant that holds the UG account can set up an independent channel.

Community Voting
A proposal can be started by any UGC holder in the ugChain community and proposals must be in accordance with the direction of development of the community, with the result of joint proposals voted on by the entire community.

Superiority of Decentralized Game Account System to the Traditional Channel:
An open and transparent smart contract can help blockchain technology achieve a community autonomy that is open and equitable. DAS is based on Ethereum and consortium blockchain. Every account information of users is saved by traditional channels in the centralized server; while the DAS saves all information in the blockchain network, and the globally equivalent blockchain node protect the security of the system. The player's corresponding identity account and owned assets in the blockchain ecosystem flow in the blockchain, with the DAS decentralized account system being the basal support for all kinds of real scenarios. Smart contracts can replace the traditional centralized service providers to achieve an open and fair "autonomy" for decentralized organizations.
A series of problems including high cost of game distribution channel, lack of mutual confidence between seller and buyer, long time of traditional game account and prop transaction processing, and high risk in transaction, can be resolved by the ugChain when applied to the game account, game distribution channel, props and other virtual asset transaction scenarios.

Games and Game-like Scene Recharge, Props Purchase
ugChain users can recharge in game, purchase props and do other operations with the ugChain platform which will be performed through the smart contract. The prop trading will be supported with the asset endorsement from the game carrier. Based on the contract through the blockchain, the asset is transferred, and the contract performance will, in tandem, realize the gainsharing to the channel operator. Note that everyone can become the channel operator.

Game Account Transaction
Third-party service provider will process Inter-player transactions, confirm the game asset of the seller, connect the accounts of the seller and buyer to transfer the account and fund, and collect a fee, under the traditional transaction mode.

E-sports Battle Platform: Carry
Carry is a point-to-point mobile game battle platform that supports a variety of mobile games including King of Glory. Gamers can customize the settings on the conditions of gambling and win the prize pool.

E-sports Extension Industry
The following dimensions expand the vitality of the game to create the sub-ecstasy e-sports industry;
• Offline league
• Point to point competition on the blockchain
• Live
• Team training.

ugCHAIN ROADMAP
2015 - ugChain enters the block chain industry
March 2015 - Team establishment: start to focus on account security management
September 2015 - Application exploration: the team formally cooperated with the fund industry
October 2015 - Account development: embark on the exploration and development of decentralized accounts
2016 - ugChain has been implemented in the game industry
August 2016 - The first alliance chain product based on hyperledger has been implemented
Second half of 2016 - Investment partner support: We have obtained the joint investment of Legend capital, 360, sequoia capital, zero2ipo venture capital, CA venture capital
Q1/Q2 2017 - The first Chinese game ecosystem based on blockchain decentralized technology is established
March 2017 - ugchain white paper version v1.0 was launched
End of April 2017 - Multi-enterprise cooperation: cooperation with game companies such as Hoolai, Hero entertainment, 360 etc.
May 2017 - ugChain white paper V2.3 is officially published, signing up for Chinese large-scale e-sports platform ECG
June 2017 - UG wallet android version 1.0 lanuched
August 2017 - China independent game aid plan is completed, PY trading post launched, The Rainbow Six e-sports competition host by ugchain and ECG has successfully concluded, UG wallet features upgrade
September 2017 - The UGL college league started, more than 30 universities to kick off, The PY trading station mode upgraded, UG official website update, brand new upgrade, The first offline UG e-sports bar is launched, The iOS versoin of UG wallet has been released
October 2017 - The game distribution platform BOOLU is officially launched, The e-sports battle platform Carry is under development
November - The UG wallet upgraded which added The Balance function,Brand upgraded and prepared for tech system upgrade
2018 (In progress) - Start Global Blockchain Gaming Alliance,Launch e-sport battle platform,Launch game account trading platform.

UG WALLET APP
This app is a blockchain asset management wallet and blockchain assets can be transferred in and out of it, including UGC and ETH. It is also a token management tool app for users. UG wallet app is a player autonomous community and users can participate in community voting, discussions, etc.

ADVANTAGES of ugChain
Over 500 large and medium game carriers and more have been gained by ugChain in China. There is an ongoing co-operation through traditional channels, between ugChain and these carriers, and after product launch, will directly migrate to the ugChain channel. ugChain received a joint investment in 2016 from Legend Capital, Sequoia Capital, Zero2IPO Venture and Cyberagent. The ugChain family has been joined by ECG, a famous e-sports carrier, in advance, with a great strategic cooperation acheived. Intention for co-operation has been reached by the DAS with a number of paid reading channels who will use UG program to decentralized marketing system promotion, with ugChain maintaining good relations with upstream and downstream game companies under Tencent and Alibaba.

CONCLUSION
ugChain system upgrade will take the applications of blockchain technology to new levels. The double blockchain model enables Ethereum to implant smart contracts to automate the transaction as well as make good use of blockchain features which include decentralization, disintermediation, traceability and irreversibility. It also uses consortium blockchain to solve some weaknesses of public blockchain applications.

The ugCHAIN TEAM

Peter He - COO of ugChain.
Yang Zhang - Co-founder of ugChain.
Kinna Lee - Project financial risk control manager and commercial application.
Chen Hongbin – Leader, ugChain technical team.
Binghua Wu – Founder, ugChain.
Mighil Puthukkudy - Blockchain technology enthusiast and web strategist.

ADVISORS

Zhou Kui - Partner to Sequoia Capital China.
Nobuaki Kitagawa - ugChain mentor of project development planning.
Zhang Lin - Executive Director of Legend Capital.
Ni Zhengdong - Founder, Chairman and CEO of Zero2IPO Group.
Liu Shiru - Chairman and CEO of Zhangshangzongheng Information And Technology (Beijing) Co., Ltd.
Zhou Shuoji - ugChain Foundation director and the founder of Fengtai blockchain investment.
Hou Zhuo - Partner to Qichen Fund.
Wang Wei - Chairman of Beijing Mingzhi Hongfengcai Sports Science and Technology Co., Ltd.
Qiao Wanli - Co- founder of Hoolai (Beijing) Technology Co. Ltd.

For more information about the ugChain project and to connect with all other participants across the globe please click on the following list below;

WEBSITE: http://ugchain.org/
MEDIUM: https://t.me/ugChainchat
TWITTER: https://twitter.com/ugChain
FACEBOOK: https://www.facebook.com/ugChain
MEDIUM: https://medium.com/@ugChainOfficial/
FORUM: http://ugchain.group/
ANN THREAD: https://bitcointalk.org/index.php?topic=2420674.new#new
AUTHORED BY: teejayrichard
BITCOINTALK URL: https://bitcointalk.org/index.php?action=profile;u=1265803
WALLET: 0x937fe2c8bd616344a9Be33fDEC04D6F15f53c20F