eMARKET RELATIONS: Uchit ICO Review

Thursday 31 May 2018

Uchit ICO Review

Uchit is blockchain-based peer-to-peer communication platform that aims at improving how people communicate with each and how team members collaborate. CRASS InfoTech, which is one of the leading Video Game Publishers in South Asia, founded the platform.

The platform seeks to solve the major problems the communication industry is facing such as government interference and strict regulations. Users can directly exchange information through the platform, as the communication process does not involve intermediaries. Uchitalso aims at becoming the world’s leading file-sharing platform through revolutionizing how the people perceive communication.

How Uchit Works?

Communication on the platform has a blockchain encryption, which fully decentralizes it and allow users to communicate or collaborate at will. The communication process starts after a connection between peers. Once they are connected, they can then collaborate by sharing files or sharing screens. Some of the tools the platform provides include text/voice/video chat, file sharing, programming collaboration tools, team based tools, webinars, and many more.

In future, the platform anticipates developing APIs that will allow other platforms to integrate the services of Uchit and be able to use it on their platform.

Who is behind Uchit

CRASS Infotech, one of the leading Video Game Publishers of South Asia.

CRASS Infotech is a Technology Company having its child companies and subsidiaries working in multiple fields.
How it all started -

We needed a platform to collaborate with companies and professionals overseas
Child compaines of CRASS love to collaborate and work with other entities to make good products.
We talked with many companies and then decided to make this platform to ease out communication and collaboration to work on projects, meet new people, Connect with Professionals.
Making a complete hub for people who want to create good projects.

Total tokens supply
712 350 000 UCHT

Exchange
1 ETH = 4500 UCHT

Pre Ico
Date – 1st May 2018 to 30th May 2018
Bonus – 20% (For Pre Sale only)
Minimum Investment – 0.001 ETH

CrowdSale
Date – 1st June 2018 to 30th June 2018
Bonus – 5% (for CrowdSale only)
Minimum Investment – 0.001 ETH

Soft Cap
$ 5 000 000
Hard Cap
$ 50 000 000

Uchit ICO Accepted Token

All interactions on the platform will be through the ERC20-standardized Uchit (UCHT) tokens, which are also the core of the platform. The token usage varies from hiring people to get into teams, requesting files from other users to buying templates from other teams. The tokens are exchangeable for Ethereum on cryptocurrency exchange platforms found on the web at an exchange rate of 4500 UCHT for one ETH.

Users can also acquire the tokens through selling of their templates or assets, joining teams, or responding to communication requests. Users also receive token rewards every time they communicate or collaborate. The tokens are compatible with third party service wallets with an easy-to-use integration.

The Initial Coin Offering crowd sale will distribute the tokens to the market. The continuous development of the platform and the standard maintenance of the business functions will use funds collected from the crowd sale.

Advantages of the Uchit Platform:

Decentralized Communication

The Ethereum ecosystem processes transactions on the platform. This completely eliminates intermediaries and allows users to transfer data directly or value transactions. The decentralized nature of the platform also ensures there are not interferences from third parties such as the government.

Secure

Uchit utilizes blockchain technology, which ensures that the platform has maximum security. The platform has a guarantee of not being vulnerable to shutdowns or security breaches such as hacks.

Multi-User Platform

The tools in the communication industry today do not support multiple users. The platform seeks to solve this problem by providing end-to-end solutions through its communication and collaborative tools for multiple users such as Individuals, Professionals, and Business Entities.

User Friendly

The platform has a user-friendly interface that makes it easy for users to find people, make targeted connects with other users, form teams, hire people or even work together.

Unified Blockchain Ecosystem

The platform seeks to integrate all users such as professionals, companies, employees, and business collaboration assets into one unified ecosystem; this will in turn make all projects or businesses efficient, transparent, and reliable in the end.

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