Review on UChain by gregori cordova
they basically offered advances in the blockchain just to attract users and run away with the money
Blockchain technology is one of the greatest advances that we have experienced in recent years and that as we all know, advocates decentralization, and giving people control, not only of their finances, but also over the data they share in network.
This is where the Uchain project comes into play, which claims to be one of the first public infrastructures, created for the safe and efficient exchange of information at a global level, which solves all the problems of data abuse that exist on the web.
One of its objectives is to offer API's to other companies in a collaborative economy ecosystem, allowing them to issue their own tokens, and the possibility of creating their own dapps on the platform and as usual they would have their own utility token called UCN, which It is an ERC-20 token designed on the ethereum platform and that will be used as a payment system for all dapps created on the uchain platform. In addition, the users of the platform who contribute their data will be rewarded with UCN tokens, as well as those who keep their tokens frozen, will receive a monthly percentage of rewards, seeking with this alternative to maintain a solid ecosystem for the currency.
Its main focus was on offering services to the collaborative economy, or peer-to-peer economy with a team of developers established in Canada since 2017.
The cryptocurrency was launched at an ICO in 2018 that was a total scam. Not obtaining the success they hoped for, the creators stole the money of the few people who contributed to the project, and also carried out an airdrop on telegram, in which they asked for an amount of ETH in exchange for receiving the UCN tokens, something which turned on the alerts and because of this the project was paralyzed and the page was closed.
After all that has happened, it is very alarming that this coin is still listed on coinmarketcap, since future people may invest in this type of coin that could be listed on a shady exchange.
Pros
- nothing positive to share
Cons
- They carried out an Ico where they stole the investors' money and abandoned the project
- They also offered a telegran airdrop in which they asked for ETH in exchange for receiving the UCM coin, and many users were scammed in this way
- After running away with the money, they closed their website
- As usual, they offered improvements in blockchain technology, only to attract the attention of inexperienced users.
- After being inactive for a while on their social network twitter, they offered an AMA to try to relaunch the project, but the scammed users found out and left all kinds of negative comments, to alert future users that they could fall into the trap.
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Comments (1)
January 30, 2021
Airdrops are being made in the telegram group associated with the project, but this is the scam. You have to be careful about this. Otherwise, you may lose money. They can make big investments by giving you big promises
