UCHIT: Global decentralize network to communicate & collaborate

A new era has come Technologies are changing the world. What previously seemed to be impossible, today is already the reality. The time for changes in communication has come. So,let us understand what project UCHIT is all about .

ABOUT UCHIT

Uchit is a peer to peer (P2P) distributed collaboration and communication platform that was created to enhance the way in people communicate. This include communication with an audience and collaboration with team members.

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Using the Blockchain network, not only does Uchit skip the middleman and allow users exchange information directly, it also uses the Ethereum ecosystem as the main platform for processing its transactions.

Uchit will function as a completely decentralized exchange for transferring data and value through the encryption of communications on Blockchain and enabling nodes to communicate directly. This is expected to allow users communicate and collaborate at will.

Uchit completely removes the middleman and allows users to directly exchange information via the blockchain network. Uchit utilizes the Ethereum ecosystem as its primary platform for transaction-processing.

By encrypting communications on the blockchain and allowing nodes to communicate directly, Uchit can function as a fully-decentralized exchange for transfer of data and value transactions – allowing users to communicate and collaborate at will. Distributed networks are able to collaborate in a trustless manner without a single point of failure.

This paper seeks to provide an overview of the Uchit protocol and explain its underlying technology and functionality in detail. We will break down the application’s key components, compare it to existing non-blockchain P2P communication applications & collaboration applications, and explain how Uchit’s unique approach to decentralized, contract-driven incentivization seeks to transform the blockchain communication & collaboration space.

Here at Uchit, we got all tools for you.

You want to build a project and need people to help you out OR want to hire professionals for your project

Now you want to collaborate with your team.

You want to host a Webinar/ Business Meeting

You want to just chat and share files with your friends and family.

You want to add community features in your own website. (We will provide APIs)

FEATURES OF UCHIT PLATFORM

P2P Network

Basics- First The Peers are connected to perform the first application i.e. Communication (text chat / voice chat / video chat). After the peers are connected and can communicate, they can easily Collaborate (Share Files/Use same programming project folders and editors / share screen, etc).

A New Way to Envision Communication

What if you bring everyday communication to the worldwide free market and allow users to freely find people, text chat, voice chat, video chat, share files, share screen, host meetings, host webinars?

This was the idea that set Uchit into action in early 2016. The communications industry has long been a victim of shutdowns, government interference, and strict regulations stemming from decentralization.

By removing the central server and allowing nodes in the network to communicate directly without outside interference, Uchit aims to revolutionize the way the world thinks about communication. Disrupting this market is a multibillion-dollar venture. In the long-term, Uchit aims to become the leading file -sharing platform for users around the world.

TOKEN AND ICO DETAILS

Uchit token will be released on the basis of Ethereum platform. It’s compatibility of the token with third-party services wallets, exchanges etc, and provides easy-to-use integration.

Maximum amount of tokens supply

712 350 000

Exchange

1 UCHT = 0.19 USD

Expression Of Interest (Private Sale)

Date – 1st April 2018 to 30th April 2018

Bonus – 50% (for Expression of Interest only)

Minimum Investment – 10 ETH

Pre Ico

Date – 1st May 2018 to 13th May 2018

Bonus – 20% (For Pre Sale only)

Minimum Investment – 0.01 ETH

CrowdSale

Date – 15th May 2018 to 31th May 2018

Bonus – 5% (for Token Sale only)

Minimum Investment – 0.01 ETH

Soft Cap

$ 5 000 000

Hard Cap

$ 50 000 000

Uchit (UCHT) tokens are the core of Uchits incentivization protocol. Users can spend UCHT in exchange for hiring people to get into teams, requesting communication with people, requesting files from people, buying templates from Teams (freelancing) – like a marketplace for new projects, etc.

To accumulate UCHT, users can sell templates and assets, respond to communication/team joining requests, etc with the network (seeding) and be rewarded with UCHT each time they communicate or Collaborate. UCHT can also be acquired on numerous cryptocurrency exchanges on the web, and will be directly exchangeable for Ethereum.

Distribution of tokens

The largest percentage of the tokens, exactly 65 percent is expected to be used for the community. This include the Initial Coin Offering event and the pre ICO, including the token spent in the network and platform.

The founders and team behind the project are expected to receive 10 percent of the total token supply, while 6 percent goes to the partners of the project. The advisory board and promotion are expected to share 10 percent of the token, with 2 percent of it going to promotion and the larger percentage allocated to the advisory board.

Another 8 percent will be reserved while the final 1 percent will be used for bounty campaign.

Use of proceeds

Fifty-three percent of the fund is going to be used to further develop the project, while another 29 percent will be used for branding and marketing. IT infrastructure is supposed to receive 12 percent of the fund and 4 percent goes to financial overhead and legal services. Finally, 2 percent of the fund will be reserved for miscellaneous things.

HOW UCHIT WORKS

The first step is to connect the peers to perform the basic application of communication which include text chat, voice chat, and video chat. After a connection has been established between the peers and they can communicate, it becomes easier to collaborate. This include;

• Sharing Files

• Using the same programming project folders and editors

• Share screen. Etc.

Basically, the platform brings everyday communicate to the worldwide free market and makes it possible for users to easily find people. That’s not all, users will be able to freely text chat, video chat, voice chat, share files, share screen, host webinars and meetings.

Furthermore, because the platform is a decentralized one, users don’t have to worry about government interference or strict regulations. The goal of the team behind the platform is to revolutionize the way the world thinks about communication. Uchit is supposed to eventually become the leading file sharing platform across the planet.

ROADMAP AND DEVELOPMENT PERSPECTIVE

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field. We are not just a company founded solely for ICO.

Uchit is a peer to peer (P2P) distributed collaboration and communication platform that was created to enhance the way in people communicate. This include communication with an audience and collaboration with team members.

I hope you have enjoyed today's review and my company along the way. Thanks for taking the time and will hopefully see you all in the next one.

Website: https://uchit.info/

Whitepaper: https://uchit.info/Uchit-Whitepaper.pdf

Twitter: https://twitter.com/Uchit_coin

Facebook: https://www.facebook.com/Uchit-207729296639497

Crass Club: https://crassclub.com/Uchit

ANN Tread: https://bitcointalk.org/index.php?topic=3160710.0

Telegram: https://t.me/joinchat/DZmddhD1kcq60aOeK_EAhQ