UGCHAIN -Decentralized Watershed System (DAS) based on blockchain technology

ugChain's core is based on blockchain technology. The DAS aka Decentralized Account System featuring user autonomy built on the Ethereum, provides hassle-free user experience in information authorization across service providers - by only requiring user to provide the signature with his/her private key, rather than traditional experience to register and log in with password under each centralized service provider.

ugChain first entered the gaming industry and teamed up with 360, Hoolai and other China domestic famous game operators to design a gaming ecosystem solution with the application scenarios including game distribution channel, game account trading, game payment, virtual commodity purchase, E-gaming, league holding, crowdfunding, community and other areas.

ABOUT

ugChain is an ecosystem consisting of a series of decentralized applications, and its core is a decentralized account system (DAS) based on blockchain technology. The system has built-in exclusive token UG Token (UGT), which simultaneously has the equity attribute and monetary attribute. The DAS is a decentralized account system featuring user autonomy built on the Ethereum, providing hassle-free user experience in information authorization across service providers ? by only requiring user to provide the signature with his/her private key, rather than traditional experience to register and log in with password under each centralized service provider. This architecture enables user to save his/her account by himself/herself without depending on storage of the centralized service provider.

Applications

Why ugChain chose the gaming industry?

Gaming industry has a huge userbase. Current size of Chinese gamer userbase is almost 507 million. Apart from that, gaming industry’s market size will reach trillion scale in near future. There is scope for huge profit margin.

We believe that existing problems in the gaming industry can be solved with the proper implementation of blockchain technology. Hence blockchain in near future will be considered as an inevitable trend for the development of gaming industry.

ugChain’s advantages

In 2016, ugChain received a joint investment from Legend Capital, Sequoia Capital, Zero2IPO Venture and Cyberagent; So far, ugChain has gained more than 500 large and medium game carriers in China (the lineup still keeps growing). At present, ugChain cooperates with these carriers through traditional channels and will directly migrate to the ugChain channel after product launch.

ECG, an electronic game carrier, has joined the ugChain family in advance; The 360 mobile game aid and other traditional channels have been firstly onboarded to the blockchain wallet of ugChain, while other counterparties will follow; ugChain maintains good relations with upstream and downstream game companies under Tencent and Alibaba.

UG Token (UGT)

UG Token, UGT for short, is the blood for decentralized gaming account system operations. The UGT is a contract sign based on Ethereum. The UG Token contract is realized according to the standard ERC20 Token. We have developed many attributes based on UGT to support operations from ugChain, including “standard asset registrations”, “Agency / payment asset collection” and “authorized dealer agent signature”. ERC20 Standard Token
ERC20 Token Standard is a common account contract standard in the community, and set many famous sign contracts based on the Ethereum app. Here is the address to see some apps online:
https://etherscan.io/tokens and address to search for sign contracts by default: ERC20 Standard Token Explorer. Many well-known apps have designed Token based contracts ERC20, so UGT has also been observing the standards and sharing of adult project security attributes to avoid potential risks at the contract level.

Why Ethereum?
As a public open-source distributed computing platform based on blockchain, the Ethereum provides a Turing-complete virtual machine decentralized to support the operation of Intelligent ContractIntelligent Contract.
The Ethereum is the most mature platform in support of Smart Intelligent Contract Contracts featuring active community and good operation of the foundation. Therefore, if we build ugChain based on Ethereum, we can focus on business development and ecosystem promotion and avoid spending too much energy on developing the underlying technology of the blockchain.

The platform will function with the instrumentality of the token, thus the coin that will be employed to interrelate and interexchange is the UGC-a complete ERC20 utility token and smart contract powered by the ETH platform. The diagram that follows shows the taxonomy of the DAS system.

As a platform that puts the future in picture, the next illustration shows how the token and ETH interrelates with each other.
Everybody is invited to be part of this great innovation of the 21st century and to get rewarded for participating, register for ICO at https://www.ugchain.org/.

Game distribution

Each participant holding UG accounts can use the services provided by the platform to create independent channels and build their own promotional and profit sharing systems

ugChain has applied blockchain technology to game ecosystems and realizes trade gaming accounts and equipment through the Intelligent Contract utilizing the technologically beneficial characteristics, including decentralization, the removal of intermediaries of trust, traceability and disruption of liberation, and aware of the implementation of automatic transactions with Intelligent contracts embedded in Ethereum. The ugChain upgrade the security level of virtual asset trading, end the long cycle and high cost caused by the trading mode of the current account, saving players’
money and time and protect the player’s interest. At the same time, ugChain provides a platform for an independent distribution of games, crowdfunding of games, and decentralized electronic games. The ugChain sets the entire game ecosystem. In the future, ugChain will keep digging further how to promote healthy development of the game ecosystem.

Crowdsale

One hundred million (100,000,000) UGTs is created as UGT’s total token supply.
The UGToken supply is allocate as follows:

45% of UGTs (45,000,000) are distributed through the crowdsale
30% of UGTs (30,000,000) will be allocated to community initiatives concerning business development, as well as academic research and education
10% of UGTs (10,000,000) are distributed to market promotion and expansion
10% of UGTs (10,000,000) are distributed among founders,and the development team
5% of UGTs (10,000,000) are distributed among early backers and consultants

Road Map