Ultrain Technology Limited is a cloud computing and smart contract platform with a programmable tech-infrastructure and multiple add-on features. Ultrain will function as an infrastructure for scalable decentralized applications (dApps), as well as provide trusted computational services to multiple sectors, such as retail,shared economy, logistics, financial services, healthcare, and media/entertainment.

The company will use a new random trusted consensus framework allowing the network to use only 1% of computing power to mint new coins, freeing up the remaining 99% to be used by applications. Ultrain will provide computing power for network management, AI,user-friendly smart contracts, high-performance trust computation, and blockchain IoT services.

This business ecosystem is comprised of multiple business organizations separated into three sectors:

The Technology Sector: Infrastructure services integrated based on public blockchain, AI, and IoT.

The Horizontal ServicesSector: organizations that provide decentralized business services, including decentralized insurance, decentralized banks, decentralized loan services, etc.

The Vertical ApplicationSector: decentralized application services that can be implemented in numerous industries such as finance, retail, scientific research and development,manufacturing, logistics, entertainment, pharmaceutical biochemistry, food,real estate, education, agriculture, etc.

Consensus features of Ultrain:

Completely decentralizedarchitecture

Ultra-large-scale networkcluster

Multi-terminal support

High-performance computing

Decentralization design

Token

UGAS is the utility token that will be used within the Ultrain economic system. UGAS will be required to pay for the use of the computing power and third-party service components on Ultrain. Also, all participating nodes are required to mortgage UGAS. UTokenson Ultrain, similar to ERC20 tokens on Ethereum, will be issued by each dAppsrunning on the network. dApps will choose their own consensus mechanisms and token metrics.

The project has already raised $20 million during a seed round, during which 10% of the token supply was sold. Five percent of token supply is allocated for private/public sale scheduled for Q4 2018. The overall breakdown is as follows:

50% Mining

15% Core Team

10% Foundation/Ecology

10% Private Sale (Alreadycompleted)

10% Consultant &Community Building

5% Future Private/PublicSale

Team

The Ultrain team isimpressive, bringing extensive experience from powerhouse companies such as Alibaba, Google, IBM, and Ant Financial. Their experience includes IT, finance,blockchain, business, management, computer programming, & software development.

Team members include:

Rui Guo Ultrain Co-founder & CEO. Former Technical Director for Alibaba Group. FormerSenior Architect for IBM.

Emma Liao Ultrain Co-founder & CSO. Founder of Pioneer Capital. Managing Director of Golden Brick Capital TMT, founding CEO of Kunlun Redstar. Head of IOT investment. Head of china of leading European investment bank goetzpartners GmbH and International Account Director at New York Private Bank & Trust. Personal investor of NIO, Renrenche.com and 360.

Ning Li Ultrain Co-founder & CTO. Former technical director of the Alipay Blockchain team. Former core architect of the Alibaba Cloud OS.

Yufeng Shen Ultrain Chief Architect. Former Senior Technical Expert for Alibaba Group. Former SeniorSoftware Engineer for Google

Husen Wang Ultrain Chief Cryptologist. Former Blockchain Cryptography Expert for Ant Financial. FormerProject Collaborator for Luxembourg Institute of Science and Technology (LIST)

Advisors include:

Dr. Keyu Jin TenuredProfessor at the London School of Economics. Board Member for the RichemontGroup. Harvard University PhD

Luyu Yang Co-founder ofmusical.ly. Former Product Management Director for eBaoTech Corporation.Co-Founder of Snowbird Consulting

Verdict

Using a completelydecentralized public network with lower operating costs, higher operatingefficiency, and innovations in cryptography, Ultrain aims to surpasstraditional public blockchain platforms in performance and scalability with upto 20,000 tps. With a stellar team and strong financial backing, Ultrain couldbecome a major player by 2019.

Risks

Even with an all-starteam, competing with the likes of Ethereum, EOS, and NEO is no small task. -1

Token metrics are a majoraspect which ico investors consider. Based on current information available,the total market cap valuation is $200 million which is rather high in thecurrent market. -1

The hype factor forUltrain, which carries weight in the current crypto market, isnt consideredhigh. However, it is currently growing and gaining momentum. -1

Growth Opportunity

Ultrain will releaseimportant R&D milestones and be the keynote speaker at SF Blockchain week in October to kick-start the developer community building for Ultrain. Thereare several products to be released: (1) Public testnet launching, (2)Permitted mainnet launching, (3) Zero knowledge proof demo, and (4) MultipleDApps demo on chain. +3

Unitopia lab, a Blockchainresearch lab of the well-known Chinese video game developer Electronic Soul, announced a strategic partnership with Ultrain. Together, they will aim toestablish a presence in this new market and make Blockchain video games ahousehold product. +3

DApps will be able to usetheir own consensus mechanism or choose PoW, PoS, DPoS, POA, and RPOS. +2

Ultrain has an extensivelist of investing partners including Draper Dragon, FBG Capitol, KuCoin, andBixon. +2

Disposition

While Ultrain hasnt gotten as much attention as some hyped up icos, this could work out in favor of investors who see an opportunity of an excellent project thats been flying under the radar. The team and advisors are solid, they have a partnership with Unitopia lab, and they have the backing of numerous VC firms. All things considered, Ultrain receives a 7 out of 10 rating.

Investment Details

Type: Utility

Symbol: UGAS

Total Supply: 1,000,000,000 UGAS

Private Sale: 10% of tokens (Completed)

Future Private/Public Sales: 5% (Q4 2018)

For more informationregarding Ultrain:

Website: http://www.ultrain.io
Telegram: https://t.me/ultrainchain
Twitter: https://twitter.com/UltrainB
Facebook: https://www.facebook.com/Ultraincommunity/
Medium: https://medium.com/@ultrainchain

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