Uranus featured in Top 8 ICOs to Watch in Q3 / Q4 2018
Source =
https://thecoinradar.com/icos-to-watch-q4-2018/Uranus
Another project we’re keeping a close eye on is Uranus, a decentralised computing platform that utilises a blockchain network to harness shared processing power of idle computing devices. Originating from China the platform will take advantage of redundant and idle computer power across the world. Uranus will utilise the power of personal devices such as mobile phones, laptops and home computers through a decentralised blockchain network to provide shared computing power that could rival centralised clouds such as Amazon, Microsoft or Alibaba.
Although not completely original, the vision of Uranus is one that is impressive and challenges established models. By providing a valid alternative to existing centralised cloud computing service providers, Uranus becomes a valid, more economic, decentralised alternative. Through their blockchain network Uranus will harness the massive opportunity of interconnecting available computer resources across the world. Their platform will see advances in efficiency and will be available at a low lower cost price than traditional methods.
The token utility will come from interactions made distributing computer power across the network, users pay for computing power with URAC tokens which will then be distributed to those contributing their devices to the network. The system makes use of smart contracts in order to synchronise the varying processing power seamlessly between contributors and automatically release token rewards based on contribution. Originating as an ERC20 token Uranus will initially run through the Ethereum network, the URAC token will eventually be move over to their own main net by 2019.
Taking a look at the team and advisors we see a group who are very experienced in the cloud computing industry, CEO James Jiang and CTO Hally Han have had 7 years relevant experience co-founding and managing cloud computing firm Beijing Cloud Times Technology Co. Their CPO and Software Architect also worked for the same cloud company as well as accumulating additional years with various IT and AI companies. Looking across the advisors we must note that none seem to have had any thorough blockchain development experience.
With some noteworthy competition on the market that includesGolem, GridCoin and IExec etc, the Uranus ICO will need to stand out against the established projects, which it has been doing a good job of so far. The Uranus ICO has gathered momentum in the mainstream eye and is growing in awareness day by day. The project has an active telegram community of a staggering 90,000 members and a reasonably large following across social media.
Similar to Quarkchain or Seele, the Uranus project will have a multiple choice quiz for those who have been successfully whitelisted. Potential contributors will be selected based on the quality of their answers, taking into account how long they have been active in the community and how well they have contributed to various activities announced within their Telegram group. Whilst frustrating for many, this is usualy effective in ensuring a high quality pool of investors.
Uranus has a fundraising goal of $10,000,000, that indicators suggest may be achieved reasonably quickly. The total token supply is 3,500,000,000, 35% of which will be available during main sale. At the time of writing some aspects of the token sale remain vague and technical details relating to how exactly their blockchain platform will work are not as clear as we'd like. Whilst the hype surrounding the project is high, more detail on specific times, dates and details of exactly what they plan to implement and by what date would encourage further confidence. – Uranus is definitely on our radar! (No pun intended).
https://thecoinradar.com/icos-to-watch-q4-2018/
