THE NEXT GENERATION'S DAWN OF A NEW AGE CALLED UGCHAIN.

the-fundraiser (41)in #ugchain • 8 years ago

.1 Overview
After a two-month collaboration adjustment, ugChain formally completes the
integration with a well-known Japanese game team led by Andy. The integrated new
project will continue to retain the ugChain brand. It has completed registration with
the Singapore Nonprofit Foundation Organization: UGCHAIN FOUNDATION LTD., and
issued the new cryptocurrency UGC. The new ugChain mistreatment fund management
model, relying on ugChain Singapore Foundation, composed of China, Japan and the
United Kingdom team, is the world's leading blockchain project. ugChain uses the
double-blockchain mechanism, which fits decentralized application of ecosystem and
ease of use principles to support eco-participants in various countries and regions to
establish the main application. The participants can share benefits brought by UGC's
leading blockchain technology, ugChain will also expand the global market, promote
innovation in the blockchain industry, and then benefit all community members.
As Associate in Nursing system consisting of a series of decentralized applications, the core of
ugChain is a decentralized account system (DAS) primarily basedon blockchain technology.
The system has built-in exclusive token UG Token (UGC), which simultaneously has
the equity attribute and monetary attribute.
Primary goal of ugChain’s establishment is to build “UG blockchain”, leading global
coverage of decentralized game industry ecosystem with the ultimate goal to reach a
great quantity, strong influence of decentralized account balance system, solve most
of the problems existing in the current centralized applications. After six months of
continuous development, ugChain completed the preliminary resource integration
and application construction for the recreation platform, and is concerning to enter the
critical period of application promotion and ecological chain construction.
The ugChain team has developed a comprehensive talent system in the field of
cryptography and blockchain technology for more than two years, which is a pioneer
in the implementation of blockchain answer. ugChain analysisteam analyzed the
public blockchain, consortium blockchain, atomic transactions across the blockchain,
side blockchain and a series of blockchain technology. Finally, a additional sensible
blockchain theme was elect, and a set of technical systems desegregation the
advantages of the public blockchain and consortium blockchain was designed which
turned out to be the decentralized account system (DAS)
The overall architecture of ugChain adds great optimization and improvement on top
of the existing application system design. It can conjointlyaccomplish a bigger work
between the landing application that have bit by bit entered the large-scale
application section and fulfill the needs of players, thereforecreating ugChain
become a pioneer in the cryptocurrency industry integrating blockchain with gaming
industry, and achieve the goal of truly accepting and unimpeded use of blockchain by
crypto users and others.
ugChain first off applied in the game business to build a game ecological answer
jointly with well-known Chinese game corporations such as 360 and Hoolai, the
application eventualities embrace game distribution channels, game account mercantilism,
game recharge, virtual goods purchase, competition, host league,
crowdfunding, community, and so on.
ugChain Community is a user autonomy organization, wherevercommunity members
holding the UGC vote decide material affairs of the community, the UGC shares
represent selection right, and the UGC holders exercise the supreme power of the
community through voting.
1.1 Overall System Upgrades

Double Blockchain Mode Upgraded.
Improved the system efficiency of ugChain and expanding properties, expanded the
use of the application situation and the user threshold, can come through the good
combination of absolute fairness and decentralization of public chain with
universality and simplicity of consortium blockchain.
UGC Global Eco-Developer Program.
ugChain is gradually expanding the overseas team. Team is focusing on encouraging
the world blockchain enthusiasts and business game developers into UG world
ecological construction in the analysis, along with several skilledgame
developers operating with UG, we tend to have completed the strategic objectives of the
global decentralized game industry, the program has been effective now.
Management Mechanism Upgraded.
Based on the main body of UG overseas foundation, we tend tohave improved the fund
management mechanism, established a perfect cooperation system with operation
and development groups around the world and set up foundation committee.
Members of the community selection committee will be selected by members of the
foundation committee to develop and implement the UG development strategy, and
introduce various professional consultants to participate in the management and
development.
Coordinated Development of The Industry.
ugChain foundation will continue to encourage, support and investment access to
the industry applications of UG ecosystem, global application developers.
Manufacturers are encouraged to use UG ecosystem to give full play to the
advantages of various technical features in the decentralized and double blockchain
mode of UG, improve the application system, innovate the pain point of the industry
and promote the steady expansion and vigorous development of UG ecosystem.
1.2 What Are the Important Components of The DAS System?
Figure 1.DAS
1） UGC Contract
It is Deployed in Ethereum, jointly maintained by all the nodes of the consortium. In
addition to the basic token functionality based on ERC-20 Contract, new features are .added for tokens and DAS Account contracts, including freezon and thaw. The
thawing operation is performed by the agent of the consortium node and charges a
fee in the DAS Account Contract to prevent cyberattacks.
Besides, it adds Owners Management System, both consortium nodes and other
community leaders, can act as the owner of UGC Contract, contribute to the
double-blockchain token transfer, and earn a fee. Owner Management System has a
complete self-management system, community can add owners by majority vote
and also remove any owner. This function is similar to that of the electoral
mechanism of the Authority and brings democratic fairness while makes the system
healthier and safer.
2） DAS Account Contract
DAS Account Contract is a smart Contract that is deployed on the consortium, which
realizes the user Account management, the token circulation of UGC contract and
owner reward function. By interacting with UGC Contract for equal proportion, the
constant volume of tokens is realized and the economic system of DAS system is
stable.
In the DAS Account Contract, users can use these tokens via UG wallets or other
applications that access the DAS, such as game prop exchange, game Account
trading, game play, and so on. Users can easily transfer the tokens from the DAS
Account Contract to UGC Contract, and realize the interaction with exchanges,
common wallets and other platforms.
3） DAS API Contract
ugChain built a suite of smart contract solutions for the gaming industry based on the
BaaS platform to provide underlying services for developing and deploying various
gaming applications.
4） BaaS Platform
Based on long-term experience in the direction of the consortium blockchain
technology, UgChain team independent research and development the BaaS chain
platform, it will block chain system, operating system and underlying hardware
abstraction as an independent service unit, to provide convenient system
construction, operation, maintenance and other services to the members of
consortium blockchain node, such as game manufacturer.
1.3 Why Upgrade ugChain's Ecosystem?
ugChain has pragmatic perspective, from the perspective of fastlanding and a new
change in game ecosystem, a decentralized account system based on Ethereum and
consortium blockchain is selected.
If the application system totally relies on public blockchain, it can make good use of
the decentralization and non-tampering characteristics of blockchain, but the
present stage of the public blockchain technology is troublesometo support the
development of game business. And the application based on the public blockchain
technology is widely used in the application of poor usability and high value, which
can easily cause use disorders and influence the access of large scale users.
ugChain team studied varied blockchain technology resources, and selected the
consortium blockchain technology for “Carry”; ugChain's business system, and the
combination of the system primarily based on Ethereum, that not solely retains the
characteristics of the blockchain decentralization, tamper-resistant and irreversibility,
but additionally the combination of system primarily based on etheric building, that retains the
characteristics of blockchain decentralization; such as tamper-resistant,
irreversibility etc.,
This initiative will be more convenient for the general public who don't understand
cryptocurrencies and motivate them to use our application. It also enables more and
more global technology developers and partners to access the UG ecosystem and
share the dividends of the development of blockchain technology. We believe that
the comprehensive expansion of application scope will bring sustainable and high
potential value return to UGC.
What Are the Characteristics of The New DAS Decentralized Account
System?
Notable changes: constant volume, license access, easy to use, safe, user-friendly
The closest to the traditional scheme of speed for transfer to public blockchain,
real ability to carry the game application of the relevant business blockchain system,
zero commission;
Meet multicenter character of the games business (large-scale game publishers),
The practice proves that the original decentralized chain system is not suitable for
the application of blockchain in the real industry, and the threshold is too high for
ordinary users.
The pure public blockchain is tough to bring home the baconexcellent coordination between
decentralization, security and blockchain consumption;
Use Ethereum to issue tokens and support two-way circulation and anchor the
value of DAS economic system, asset management and transaction convenience will
be greatly improved;
2 ugChain Ecosystem
2.1 The Decentralized Game Account System Is Superior to The
Traditional Channel
The blockchain technology can realize open, equitable community autonomy of the
decentralized organization with the facilitate of good contract thatis open and
transparent. The autonomous operation of the DAS organization will contour
steps of the traditional game distribution process, particularly game account system.
DAS (Decentralized Account System) is based on Ethereum (The UG Token Contract),
and association blockchain (Consortium Blockchain goodContract). ancient
channels save all account information of users in the centralized server. Instead, the
DAS saves all info in the blockchain network, and the globally equivalent
blockchain node protect the security of the system, there is no authoritative node.
Smart contracts can replace the traditional centralized service providers to achieve
an open associated truthful "autonomy" for decentralized organizations. In the ugChain
ecosystem, the player's corresponding identity account and owned assets flow in the
blockchain, and DAS decentralized account system is the underlying support for all
kinds of real scenarios.
When applied to the sport distribution channel, game account, props and alternative
virtual quality dealings situations, the ugChain will resolve a series of issues
including high price of game distribution channel, long time of ancient game
account and prop transaction processing, lack of mutual confidence between seller
and buyer, and high risk in dealings. At the same time, the decentralization
feature of the Ethereum and the automatic performance of the smart contract that
can enhance the openness, fairness and equality of e-sports events and allow more
players to participate in and free them from worries.
.Advisory of ugChain :
Nobuaki Kitagawa
Mr.Kitagawa is the ugChain mentor of project development planning , providing a
wealth of industry resources and investment to ugChain.
Mr.Kitagawa is responsible for all of the company's investments in China, Taiwan,
SEA and Korea. Since joining to CyberAgent Ventures（CAV) in 2006, Nobuaki has led
international expansion from no investment outside Japan then to more than 40
overseas investments including Tudou.com(CN), Vatgia(VN), Tokopedia(IDN) and
Kakao(KR). Prior to CAV he had more than 10 years' experience in the telecom
industry working for Japan's NTT DoCoMo. Graduated from Hitotsubashi University
in Japan with a major in Economics and Georgetown University in the United States
with MBA.Zhou Kui
Mr.Zhou is a partner to Sequoia Capital China. In 1989, he graduated from Wuhan
University of Technology with a bachelor’s degree in science. In 2000, he graduated
with a master’s degree in electric automation from Tsinghua University. As a partner
of Sequoia Capital China, he joined Sequoia Capital in 2005. As the Senior Vice
President, he takes charge of SinoCom investments, Skyinfo, Kaitone and
PonymediaWorksoft at the VC firm.
Ni Zhengdong
Mr. Ni is the founder, Chairman and CEO of Zero2IPO Group. Over the past decade,
he has led his team to build Zero2IPO Group into the most influential service
institution relating to venture capital and private equity service in China. He is
reputed as the “person possessing the most comprehensive information in China’s
venture capital market” and also praised as “one of the young representatives in
China’s venture capital circle”.
Zhang Lin
.He is Executive Director of Legend Capital.Zhang joined Union Capital in 2008 which
is the predecessor of Legend Capital, served as investment manager, vice president
of investment and director. He currently serves as Executive Director of Legend
Capital, focusing on early investment opportunities in TMT and modern services. He
has rich experience in investment in TMT and modern service. His leading
investment projects include Pudding Hotel, Yun Da Express, CheWang, Youxinpai and
so on. He holds the master's degree in engineering from Xi'an University of
Electronic Science and Technology and an international MBA from China Economic
Research Center, Peking University.
Wang Wei
Mr. Wang is the early investors of ugChain who brought a host of resources to the
ugChain for the gaming industry events.
He is the chairman of Beijing Mingzhi Hongfengcai Sports Science and Technology
Co., Ltd. (referred to as: Ming Sports 838802), member of Tsinghua Entrepreneurs
Association,executive of AAMA Yajie Chamber of Commerce ,partner of Yajie Angel
Investment ,member of Democratic National Construction Association
Zhongguancun branch ,he is an experienced person in the internet and mobile
internet industry. The "PingCo" mobile entertainment community, which was
founded by him, has gotten tens of millions of dollars by GSR and DCM. He also
founded the "Jing Cai 258" website, which is currently the largest competition lottery
community platform in China and provides gaming entertainment services to over 50
million senior fans nationwide; Besides, he participated in the internet finance
business such as Qingdao Financial Asset Exchange, Tianjin Meitong Commercial
Factoring Company and "Salary Bao" financial platform.
Qiao Wanli
Mr. Qiao is one of the founders of Hoolai (Beijing) Technology Co., Ltd. In 2001, he
started working at a research institute under the Chinese Academy of Sciences. In
2008, he started his second career and developed social games as an outsider. His
first game Hoolai Hotel enjoyed good word of mouth on Renren.com. In 2010, he left
the Chinese Academy of Sciences. In 2011, he developed the Hoolai Three Kingdoms,
the first strategic social game launched on the Tencent platform. The game attracted
as many as 10 million active users every day and made a good income exceeding 100
million Yuan.
Liu Shiru
Mr. Liu brings ugChain a lot of game industry resources.
He is the chairman and CEO of Zhangshangzongheng Information And Technology
(Beijing) Co., Ltd established in 2010 which is a video game copyright operators and
distributors of China.
Zhou Shuoji
Mr. Zhou is the ugChain Foundation director and the founder of Fengtai blockchain
investment, blockchain cryptocurrency senior industry experts, he worked for IBM.
Hou Zhuo
Mr. Hou holds a MBA degree conferred by Hong Kong University of Science and
Technology and has more than 10 years of experience in technology, venture capital
and investment areas. He is now the partner to Qichen Fund and used to be a VP of
Legend Capital and partner of Firestone Capital.
Summary
Technology drives amendment, the upgrade of the ugChain system can promote the
applications of blockchain technology to reach new heights. The double blockchain
model not solely makes sensible use of the options of blockchain together with
decentralization, disintermediation, traceability and unchangingness, however also enables
Ethereum to embed smart contracts to automate the transaction.
It additionally uses syndicate blockchain to solve some weaknesses of public blockchain
applications.
The value of tokens is supported by the tokens transfer powered by the applications
of blockchain technology, ugChain is committed to creating a game ecosystem based
on blockchain technology that allows gamers and blockchain enthusiasts to enjoy the
technological amendment. At the same time, whereas focusing on the development of
blockchain technology, ugChain can continue to explore the game applications,
create an absolutely competitive gaming application platform in the game industry,
accelerate the blockchain business development and the recreation business whereas
driving changes.