universa
zzqq*universa*(#universa):
*Web*: https://universa.io
*Telegram*: @Uplatform
*Whitepaper*: [Read](https://www7.universa.io/files/Universa-Whitepaper-v1.0e.pdf)
*Token*: UTN (1 USD = 100 UTN)
*HardCap*: 99 Million USD
*Total Token Supply*: 14 Billion UTN
*ICO Date*: 28 October 2017
*Overview*:
Universa is a fast production ready blockchain with smart contracts. Main thing that businesses is looking for as they make the switch to blockchain technology is the security of their data and reliability of the networks. Universa simplify this process by only storing confidential information where it will actually be important as well as applying a separate service to verify transactions and make sure that all incoming data is exact. With the help of Universa, any supplier or market player will be able to offer their services to Universa and perform payment transactions in any tokens or currencies. Universa smart contracts can be applied to programming both intracompany applications and public ones.
In order to make platform wide used it should offer brand new functionality, in case of Universa it is large amount of processed transactions: up to 10.000 per second (it is 666 times more than Ethereum's and 1000 time more than Bitcoin). Besides it Universa involves a simple protocol for creating its own applications, as well as a high data transfer rate. So project aims to transfer whole paperwork into digital info based on blockchain technology and decentralized system of smart contracts with target on real economy sector. Universa digital asset is 60 times faster than Ethereum not to mention Bitcoin which allows extensive use.
To achiveve those goals Universa's platform developers had to completely abandon the mining, the primary distribution of tokens would be placed through the ICO and website registration bonus.
To ensure that the tokens were in demand on market and constantly growing in price with the popularity of the platform, the developers added paid transactions on the protocol, that is every transaction will be charged with fee in UTN. Universa transactions are 100 times cheaper than in Bitcoin.
*Positive*:
+ High transaction speed (1000x faster than bitcoin) and low fixed fees (100x cheaper) may help with attracting people to this new platform.
+ Experienced team, allocating funds for both development and promotion of the project, helping more people to get know about Universa.
+ Directed Acyclical Graph which Universa use is a proven technology, used by some other big companies, such as IOTA and Raiblocks.
*Negative*:
- Large amount of money they are looking to raise with this ICO may seem company to be overvalued, although 2017 has been massively successful for many ICO’s of this type.
- Some of big investors might be concerned about investing since its Russian project.