UGCHAIN: DECENTRALIZED GAME ECOSYSTEM BASED ON BLOCKCHAIN TECHNOLOGY

ugChain is an ecosystem comprising of several decentralized applications and has a core that is a decentralized account system (DAS) which is based on blockchain technology. The ugChain system has built-in exclusive token UG Token (UGT), which has both monetary and equity attribute. ugChain DAS is a unique decentralized account system which features user autonomy built on the ethereum, which provides hassle-free user experience in information authorization across service providers. This is possible by requiring user to provide the signature with his/her private key instead of the regular traditional way where one registers and log in with password under each centralized service provider. This platform gives users the privilege to save his/her account on his/her own without any dependence on storage of the centralized service provider.
ugChain and a team of experts including 360, Hoolai and other China domestic famous game operators designed a gaming ecosystem solution with tha application scenarios which includes game distribution channel, E-gaming, crowdfunding, game account trading, virtual commodity purchase, game payment, league holding, community and other areas. ugChain Community is a user autonomy organization. In this community, members holding the UGT vote decide material affairs of the community, also the UGT shares represent voting right and through voting, the UGT holders exercise the supreme power of the community.

REASON FOR A DECENTRALIZED ACCOUNT SYSTEM
In the Internet world today, “Account” is the most fundamental entry service and barrier between accounts on different platforms constitutes an obstacle in asset transaction across platforms. Currently on internet, the most popular is quick logon but accounts are still controlled by platforms that are centralized and as such there are risk of restrictions, monopoly and other threats for several reasons like economy, competition and politics.
The centralized server owned by application service providers is where users’ account information is saved. The service may be exposed to risks of being attacked and also data leakage as a result of centralized storage. It is tougher for small application service providers to ensure system security. Though user experience has been upgraded by the authorization mode which Internet service provider provides, it has also brought in the problem of channel monopoly.
Based on these challenges listed above, the ugChain was created which is a decentralized account system based on the Ethereum to allow users have accounts a private asset not controlled by any institution and also permits users to select platforms at their own discretion. With the DAS, all platforms can be connected by users and use the blockchain to ultimately realize “universal single-sign-on” across platforms.

REASON FOR CHOSING ETHEREUM
ugChain is built based on the Ethereum so as to focus on business development and ecosystem promotion and prevent channeling too much energy to develop underlying technology of the blockchain. The most mature platform supporting the Intelligent Contracts is the Ethereum and the Intelligent Contract features an active community and good operation of the foundation. The ethereum also provides a decentralized, Turing – complete virtual machine to support the operation of the Intelligent ContractIntelligent Contract.
ugChain is dedictated to blockchain application, also focuses on business scenario, first adopting the blockchain-based business model with great effort and then promote the entire blockchain industry to wave off the image that “Virtual asset prevails over virtual asset”.

THE UG TOKEN (UGT)
ugChain has a token called UGT and it is a contractual token based on the Ethereum. Based on the ERC20 Token standard, the UG Token Contract was realized. Several attributes have been developed based on the UGT to support the operation of the ugChain including “standardized asset registration”, “agency asset collection/payment” and signature-authorized agency transaction”.

STANDARD ASSET REGISTRATION
The ugChain uses the blockchain to register account assets and other virtual assets in the decentralized game account system. This requires authenticated game carriers to sign their assets so as to ensure the reliability of data and thus it is 100 percent reliable to trade accounts and props in the ugChain which can avoid fraudulent transactions.

AGENCY ASSET COLLECTION AND PAYMENT
ugChain records other virtual assets with a new account when a user is actually using the decentralized game account system. This is to assure the security of the user’s private key for the user’s master account, and also allow the master account pay for the transaction through the agency payment function without giving out the private key to other applications.

SIGNATURE-AUTHORIZED AGENCY TRANSACTION
One of the security measures by the Ethereum is that the Ethereum-based Intelligent Contract will consume the GAS when it’s being used. However, the GAS will be paid with Ether by the user, which makes it more complex for common users to use the decentralized application (DAPP). ugChain has developed the function of agency transaction sending which is a third party service that will help common users pay the Ether to satisfy the consumption of GAS so as to make common users pay less attention to details of the Ethereum.
The ugChain user will pay the service fee for transaction by sending UGT to a third party and when the user authorizes the message in the specific format; the Smart Contract can then operate the user’s asset. The ugChain user will control the entire process his or herself as safe as sending a transaction by himself or herself to Ethereum by signing the message which includes at least the address of the agency sender, service fee, asset change notice and other information.

ugChain ECOSYSTEM

ugChain APPLICATION
GAME DISTRIBUTION CHANNEL: BOOLU
Everyone is a game distributor and six –dimensional scoring model.
DECENTRALIZED GAME ACCOUNT SYSTEM:
It is open and transparent and also save all information in the blockchain network.
GAME RECHARGE:
Transfer assets through the blockchain and also token payment.
E-SPORTS BATTLE PLATFORM: (CARRY)
Break the national boundaries and point-to-point mobile game battle platform.
E-SPORTS EXTENSION INDUSTRY
T-UG E-sports Hall
E-Sports women’s group
E-sports league; WUGL / UGL

ADVANTAGE OF DECENTRALIZED GAME ACCOUNT SYSTEM OVER THE TRADITIONAL CHANNEL
Open, equitable community autonomy of the decentralized organization with the help of open, transparent Intelligent Contract can be realized with blockchain technology. Intermediate links particularly game account system of the traditional game distribution process can be replaced by the autonomous operation the DAS organization. The DAS is based on the Ethereum. Unlike the traditional channels which save all account information of users in the centralized server, the DAS saves all information in the blockchain network and is distributed at fully equitable blockchain nodes worldwide and this ensures system security and also eliminates authoritative nodes.
When this is applied to the game distribution channel, game account, props and other virtual asset transaction scenarios, lots of problems can be resolved by the ugChain and this includes high cost with game distribution channel, long time of traditional game account and high risk in transaction. Also the openness, fairness and equality of electronic gaming events can be enhanced by the decentralization feature of the Ethereum and also the automatic performance of the Intelligent Contract. This also allows more players to participate in events without concern.

ADVANTAGES OF ugChain
• ugChain maintains good relations with upstream and downstream game companies under Tencent and Alibaba.
• ugChain has smooth financing channels and the founders have entered into cross-industry cooperation and gained rich experience.
• The 360 mobile game aid and other traditional channels have been firstly onboarded to the blockchain wallet of ugChain while other counterparties will follow.
• ECG which is an electronic game carrier has joined the ugChain family in advance.

ROADMAP
2015: ugChain enters the blockchain industry
March 2015: team establishment, start to focus on account security management
September 2015: Application exploration, 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 implemeneted.
The second half of 2016: investment partner support; we have obtained the joint investment of legendcapital, 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 whitepaper version v1.0 was launched.
End of April 2017: multi – enterprise cooperation; cooperation with game companies such as Hoolai, Hero entertainment.
May 2017: ugchain whitepaper v2.3 is officially published, signing up for Chinese large scale e-sports platform ECG
June 2017: UG wallet android version 1.0 launched.
Q3 2017
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 and 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 and the first offline UG e-sports bar is launched.
Q4 2017
September 2017: the iOS version of UG wallet has been released, the UGL college league started.
October 2017: the game distribution platform BOOLU is officially launched the e-sports battle platform Carry is under development.
November 2017: the UG wallet upgraded which added the Balance function and brand upgraded and prepared for tech system upgrade.
2018: in progress
Start Global Blockchain Gaming Alliance, Launch e-sport battle platform and launch game account trading platform.

ugChain TEAM
WU BINGHUA: Founder and a veteran in the Internet industry.
DENG TIEJUN: Founder of ugChain
ZHANG YANG: Founder of ugChain
LIU BING: Founder of ugChain

ADVISORS
ZHOU KUI: Partner to Sequoia Capital China
NI ZHENGDONG: Founder, Chairman and CEO of Zero2IPO Group
QIAO WANLI: One of Founders of Hoolai (Beijing) Technology Co, Ltd
LIU SHIRU: Chairman and Founder of Zhangshangzongheng Information And Technology (Beijing) Co, Ltd.

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