The Universal Protocol Platform is a transformational development for the entire blockchain industry, allowing all cryptocurrencies to be convertible on a single network.
Universal Protocol provides a common language that can be used by different decentralized networks, which will allow previously incompatible protocols communicate flawlessly.
Universal Protocol will significantly increase the number of possible blockchain applications, unite the blockchain community and empower an unrestricted value flow in the market.
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.
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ICO Advisor | ICO Communications Expert Rated on Mar 11, 2019
4
5
2
16%
While BTC and Ethereum will be losing their supremacy, finding ways to create paths between various blockchain will be a real must have, so Universal Protocol is going to be well positioned. Opening their interoperability to other assets later will give it even more utility.
Giving tools to add some human-proof security is a real mandatory too (loss of password, death), even more in a B2B use.
=> Real use cases, with real and detailed technical solutions.
Big names in the Alliance: Bittrex, Brave, Cred, Blockchain at Berkeley… which is great and reinsuring in the quality of the project.
Token used like BNB: reduced fees, voting right and some access to service. May then be used a lot but with a high velocity.
No burning like BNB. So unsure how the price may react.
Extensive Whitepaper.
But no MVP while the project is launch from months.
The team seems of quality, experienced and big enough for such a project.
Public sale is 300k tokens while there are more than 10 000k tokens in supply. So public buyers will be very very small comparing to the total supply (only 3%).
There is no information on the conditions of the former private sale (600k tokens sold) and on the future sales (when, why, how much...).
54% of the tokens are held by the alliance members, that’s huge and could be a red flag in many other ICO. Maybe it's just to keep the voting right (which would then be very centralized) but it's a big concern.
=> Waiting answers about these tokenomics, which explains the current "2" on the product grade.
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Universal Protocol Idea Generation
Idea generated, process documents created, initial partnerships confirmed & stakeholders mapped.
2
2018 Q4
UPT Token Sale & Token Activation
Raise completed, UPT activated for trade on UPP, conversion into fiat currency available through Uphold platform.
3
2019 Q1
UPT Token Convertible to Bitcoin and Launched
UPBTC/UPT convertibility achieved, integration with Cred and other decentralized exchanges completed.
4
2019 Q3
UPT Token Convertible to 5+
Additional Currencies UPT Token convertible across 5+ cryptocurrrencies, integrated with exchange & derivative platforms.
5
2019 Q4
Voting infrastructure enabled for new UPT Tokens
Voting & Governance introduced to UPP, users able to vote on additional currencies.
Leaderboard established, staking introduced, UX completed.
6
2020
Recoverable / Inheritable /Tokenization of Assets
Recoverable & Inheritable fully functional, 2nd layer of truth in effect on smart contract platforms. Wrapper completed, partnerships/integration with exchanges & other infrastructure components finalized.
UPP ecosystem completed.
