Universal Protocol (UPT) Connecting Digital Assets.

4.31

Overall Rating

4.33 Vision
4.28 Product
4.32 Team
2447 Views
370 Ratings
90 Followers

General

Status:
Ended
Website:
Whitepaper:
ICO Time:
7 Mar 2019 - 1 Apr 2019
Whitelist:
Yes
KYC:
Yes

Financial

Raised:
~$5,000,000
Price:
1 UPT = 0.01 USD
Accept:
ETH
Soft cap:
TBA
Hard cap:
8,000,000 USD

Token Info

Ticker:
UPT
Platform:
Ethereum
Token Type:
ERC20
Available for sale:
3,500,000,000 UPT (35%)
Total supply:
10,000,000,000 UPT

The Universal Protocol Platform, a transformational development for the blockchain industry, will make all cryptocurrencies accessible and convertible on a single network - and in a form significantly more convenient and secure than currently available.

Creating a practical value proposition for the vast majority of people who have yet to participate in the cryptocurrency market, the UP model paves the way towards the mass adoption of blockchain technology by overcoming three of the biggest challenges facing the industry: the lack of interoperability between blockchains, concerns over cryptocurrency security and an existing product set that has been largely focused on serving the speculative fascination of a vanguard few.

Conceived by a coalition of cryptocurrency companies and blockchain pioneers - including Brave, Blockchain at Berkeley, Cred and Uphold - the UP Platform is specifically designed to help decentralized ledger technology achieve mainstream adoption as the universal method for transferring value over the internet and deliver economic benefits to the many, i.e. everyone who has a bank account.

The ecosystem opens up a new world of tokenized digital assets - ranging from Proxy cryptocurrencies such as Bitcoin, to Proxy fiat currencies like USD, to Proxy Private Equity - and facilitates the instant and seamless conversion of different forms of value over a single blockchain, using smart contracts to reduce dependence on centralized exchanges.

Adopting a model of hybrid decentralization, the UP Platform will appeal to blockchain purists by enabling decentralized exchange of all cryptocurrencies and other tokenized assets, while satisfying more risk-averse users by offering a highly-secure wallet option. For ordinary users, the model introduces access to universally desirable benefits like cheaper credit and higher yield on deposits, as well as to safeguards that render cryptocurrencies significantly more practical and convenient to own, such as key recovery, inheritability and loss assurance.

At the heart of the UP Platform are Ethereum Proxy Tokens, based on a new ERC-20 compatible token, capable of representing any underlying asset held by the platform reserve on a fully-substantiated, 1:1 basis. For every Proxy Bitcoin issued, for example, a ‘real’ Bitcoin is held in custody, a reserve model that emulates the security of the goldbacked dollar. By translating the value of any cryptocurrency - or other tokenized asset - into the language of Ethereum, Proxy Tokens act as the ‘conversion layer’ in the ecosystem.

Utilizing the Uphold Reserve, an established ledger serving customers in 184 countries, the UP Platform will publish the value of reserved assets backing Proxy Tokens in real-time on public blockchains. The reserve will also be subject to quarterly third-party audits that will be shared with the community to demonstrate the financial soundness of the Proxy Token ecosystem.

Team

Dan Schatt

Chairman

Juan Pablo Thieriot

Strategy & Operations

Tiago Ribeiro

Engineering

Rui Marinho

Architecture

Francesco Matteini

Regulatory & Compliance Guru

Simon McLoughlin

Financial Guru

Daniel Araújo

General Manager

Pavel Paramonov

Econo-Physicist

Maxim Rokhline

Chief Product Officer

Advisors

Brendan Eich

CEO, Brave Software

Greg Kidd

CEO, globaliD

Lu Hua

CEO, Cred

Adrian Steckel

CEO, OneWeb

4.31
Overall rating
Based on 368 community ratings and 2 community reviews

87

223

53

4

3

4.33 Vision

5

170

4

159

3

38

2

0

1

3

4.28 Product

5

152

4

176

3

37

2

2

1

3

4.32 Team

5

170

4

160

3

32

2

5

1

3

The project for me is a good innovation but the team has to buckle down in other to actulise their aims and objectives as stipulated in the white paper. Their roadmap is also very innovative. We are in the era of greater change and innovation and hence, it is a great idea in the cryptocurrency space.

Financial security measures are highly demanded and this project made a good decision to use proxy tokens that will be able to provide absolutely any underlying asset available in the platform reserve on a fully confirmed 1: 1 basis. The team will provide the ledger, with the value of the reserved assets, to all customers, from 184 countries, in real time!

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