Ultrain Rating & Review

updated 12 November 2018

Ultrain is a next-generation blockchain platform that is scalable enough to host a complete commercial ecosystem

4.1
  • 4.0
    Site
  • 4.8
    Team
  • 4.7
    Idea
  • 4.0
    Tech
  • 3.0
    Media
  • 4.0
    Users

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Status: upcoming
Public sale: TBA-TBA
Cap: 20 000 000 USD
Goal: 20 000 000 USD
Price: 1 UGS = 0.20 USD
Blockchain: Own blockchain
Offering type: Utility
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Ultrain Rating

ICObazaar experts have given Ultrain rating with 4.1 score.

Our ICO rating evaluates the overall quality and viability of the product, team, and technical implementation behind. It is calculated with a weight-adjusted formula with five factors and a separate industry expert score. Each factor evaluates an aspect of the project and its weight is related to its importance, which was determined by blockchain and finance professionals. Our rating methodology.

Each factor evaluation:

  • Site: 4.0
  • Team: 4.8
  • Project idea and whitepaper: 4.7
  • Technology: 4.0
  • Media: 3.0
  • Users: 4.0

Ultrain review

Summary

Ultrain focuses on building a high performance decentralized blockchain platform. The project is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial dApps. Ultrain’s team aims to provide a product to solve the performance and scalability problems that are common for other public blockchain platforms. It also claims to have high transaction speeds of up to 20,000 tps on the mainchain and up to 5,000 tps on sidechains.


Advantages
  • The language of smart contracts is JavaScript, that is comfortable for developers.
  • The team proposed a new R-POS consensus, that should ensure the decentralization.
  • The team is strong and consists of Alibaba veterans, that is a good sign that they will manage to complete the project.
  • Test net is launched.

Disadvantages
  • High competition on the market, there are giants like: Ethereum, EOS, NEO, and other projects that are being launched this year like: Dfinity, Oasis, Chromapolis and others.
  • Low hype level so far. However it is a long term project, so the team is likely to start the campaign soon.

Verdict

Although the idea is good, we shouldn’t forget that the competition in this field is very high. However there won’t be a token sale, since 50% token will be distributed via mining, and only 10% were sold during the private sale for US$20M. The project has potential to win a market share, since the team is very strong.

Ultrain UGS independent rating & review: 4.1
Site
Team
WP+idea
Technology
Media
Users

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