Cryprocurrencies Focus on Gaming Industry #1: ugChain

In the next few days, I will review blockchain project about game concept and virtual assets cause I always think this industry has a lot of potential.

According to the public data, there are nearly 2 billion gamers and $94.4 billion in revenue from ‘direct-from-publisher’ digital goods, furthermore, the gaming market is still growing.

Today, the first project I want to talk about is ugChain which is greatly underestimated now.

What’s ugChain

ugChain is an ecosystem consisting of a series of decentralized applications, the core of ugChain is a decentralized account system (DAS) based on blockchain technology. The system has built-in exclusive token UG Token (UGC), which simultaneously has the equity attribute and monetary attribute.The UGC enable gamers to buy and sell digital goods safely on games.

As you know, virtual assets are extensively used in games for a long time such as accounts, game equipments, props. Well, then bitcoin was created. Bitcoin is regarded as a kind of virtual assets called cryptocurrency, it connects the virtual world and real world, became a massive hit in 2017 for the rising price. We can find out cryptocurrencies is compatible with game industry which can make a more liquid marketplace.

What’s double-blockchain?

Another important point in favor of this coin is UGC not only focuses on game industry but it invests tons of time and money in developing new technology. That’s pretty important for long-term growth.

ugChain designs a double-blockchain interaction mode which uses public blockchain and the consortium blockchain the same time, this is pretty unique.It’s kind of similar to side chain but with difference that the double blockchain that it uses consortium blockchain instead of public blockchain in their mode. The consortium blockchain is also distributed and trusted while can also make transactions quicker without Tx fees.

##Send Chinese Red Pocket to friends
I’ve tried the UGC app with help(translation) of my friends, everybody can send “Chinese Red Pocket” (just another kind of transaction, but you can write some blessings before sending)to others through its own consortium blockchain, and I have to say, it is truly fast. Therefore, this mode allows people to make micro transactions in a fast, safe, private， anonymous way without costs.

As for the team, ugChain was co-founded by Jun Li who was the early investor of bitcoin in China, also published book bitcoin with the founder of Bytom Changjia in 2013. but at the moment, UGC has a price of 0.04 $ but a great future is expected in 2018 and years to come.

Everybody cares about coin price

I was wondering why UGC hasn’t risen these days, I think the transaction volume is of great account, if it is listed on more exchanges, we must see the volume significantly increase and the price will rise.

So in my opinion, this is the best time to invest UGC when it is severely undervalued.

Source:

Website: http://ugchain.com/
Twitter: https://twitter.com/ugchain
whitepaper:http://ugchain.com/pdf/UGC-Whitepaper-7.2-EN.pdf

In the next post, I will write about Gizer, please follow and stay tuned : )

and btw, all of my articles shouldn’t be considered as investment advice.