Uchit: The Hub of Communication and Collaboration based on Blockchain Technology


Hello to all and welcome to my review. For those of you who don't know me yet, let me introduce myself. My name is Funke and I'm an experienced writer who enjoys what he does very much. I'm here to give you all the information you might need or want about the newest Hub of Communication and Collaboration based on Blockchain Technology that is definitely worth your time and therefore, mine, too. I plan to make them “easy read, to the point” because what's important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
Today, let us all learn and experience together all about UCHIT. If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.
Uchit is a peer to peer (P2P) distributed collaboration and communication platform that was created to enhance the way in people communicate. This include communication with an audience and collaboration with team members.
Using the Blockchain network, not only does Uchit skip the middleman and allow users exchange information directly, it also uses the Ethereum ecosystem as the main platform for processing its transactions.
Uchit will function as a completely decentralized exchange for transferring data and value through the encryption of communications on Blockchain and enabling nodes to communicate directly. This is expected to allow users communicate and collaborate at will.

Uchit completely removes the middleman and allows users to directly exchange information via the blockchain network. Uchit utilizes the Ethereum ecosystem as its primary platform for transaction-processing.
By encrypting communications on the blockchain and allowing nodes to communicate directly, Uchit can function as a fully-decentralized exchange for transfer of data and value transactions - allowing users to communicate and collaborate at will. Distributed networks are able to collaborate in a trustless manner without a single point of failure.
This paper seeks to provide an overview of the Uchit protocol and explain its underlying technology and functionality in detail. We will break down the application’s key components, compare it to existing non-blockchain P2P communication applications & collaboration applications, and explain how Uchit’s unique approach to decentralized, contract-driven incentivization seeks to transform the blockchain communication & collaboration space.
P2P Network
Basics- First The Peers are connected to perform the first application i.e. Communication (text chat / voice chat / video chat). After the peers are connected and can communicate, they can easily Collaborate (Share Files/Use same programming project folders and editors / share screen, etc).
A New Way to Envision Communication
What if you bring everyday communication to the worldwide free market and allow users to freely find people, text chat, voice chat, video chat, share files, share screen, host meetings, host webinars?
This was the idea that set Uchit into action in early 2016. The communications industry has long been a victim of shutdowns, government interference, and strict regulations stemming from decentralization.
By removing the central server and allowing nodes in the network to communicate directly without outside interference, Uchit aims to revolutionize the way the world thinks about communication. Disrupting this market is a multibillion-dollar venture. In the long-term, Uchit aims to become the leading file -sharing platform for users around the world.
LET US SEE THE WORKINGS OF UCHIT
The first step is to connect the peers to perform the basic application of communication which include text chat, voice chat, and video chat. After a connection has been established between the peers and they can communicate, it becomes easier to collaborate. This include;
• Sharing Files
• Using the same programming project folders and editors
• Share screen. Etc.
Basically, the platform brings everyday communicate to the worldwide free market and makes it possible for users to easily find people. That’s not all, users will be able to freely text chat, video chat, voice chat, share files, share screen, host webinars and meetings.
Furthermore, because the platform is a decentralized one, users don’t have to worry about government interference or strict regulations. The goal of the team behind the platform is to revolutionize the way the world thinks about communication. Uchit is supposed to eventually become the leading file sharing platform across the planet.
UCHIT PLATFORM
You need text/voice/video chat and file sharing, programming collaboration tools, team based tools, webinars etc.
Make targeted connections, find people, make a team.
Here at Uchit, we got all tools for you.
You want to build a project and need people to help you out OR want to hire professionals for your project
Now you want to collaborate with your team.
You want to host a Webinar/ Business Meeting
You want to just chat and share files with your friends and family.
You want to add community features in your own website. (We will provide APIs)
TOKEN SALE AND ICO
Uchit token will be released on the basis of Ethereum platform. It’s compatibility of the token with third-party services wallets, exchanges etc, and provides easy-to-use integration.
Maximum amount of tokens supply
712 350 000
Exchange
1 UCHT = 0.19 USD
Expression Of Interest (Private Sale)
Date - 1st April 2018 to 30th April 2018
Bonus - 50% (for Expression of Interest only)
Minimum Investment - 10 ETH
Pre Ico
Date - 1st May 2018 to 13th May 2018
Bonus - 20% (For Pre Sale only)
Minimum Investment - 0.01 ETH
CrowdSale
Date - 15th May 2018 to 31th May 2018
Bonus - 5% (for Token Sale only)
Minimum Investment - 0.01 ETH
Soft Cap
$ 5 000 000
Hard Cap
$ 50 000 000
Uchit (UCHT) tokens are the core of Uchits incentivization protocol. Users can spend UCHT in exchange for hiring people to get into teams, requesting communication with people, requesting files from people, buying templates from Teams (freelancing) - like a marketplace for new projects, etc.
To accumulate UCHT, users can sell templates and assets, respond to communication/team joining requests, etc with the network (seeding) and be rewarded with UCHT each time they communicate or Collaborate. UCHT can also be acquired on numerous cryptocurrency exchanges on the web, and will be directly exchangeable for Ethereum.
Distribution of tokens

The largest percentage of the tokens, exactly 65 percent is expected to be used for the community. This include the Initial Coin Offering event and the pre ICO, including the token spent in the network and platform.
The founders and team behind the project are expected to receive 10 percent of the total token supply, while 6 percent goes to the partners of the project. The advisory board and promotion are expected to share 10 percent of the token, with 2 percent of it going to promotion and the larger percentage allocated to the advisory board.
Another 8 percent will be reserved while the final 1 percent will be used for bounty campaign.
Use of proceeds

Fifty-three percent of the fund is going to be used to further develop the project, while another 29 percent will be used for branding and marketing. IT infrastructure is supposed to receive 12 percent of the fund and 4 percent goes to financial overhead and legal services. Finally, 2 percent of the fund will be reserved for miscellaneous things.
ROADMAP
December 2016
Idea for Platform Development.
April 2017
Analysis of Other platforms and market
October 2017
Analysis Complete, we know the solution
April 2018
Start Crowdfunding
November 2018
Launch Version Alpha
February 2019
Launch Version Pre-Beta
July 2019
Launch Version Beta
December 2019
Development Complete
January 2020
Testing
April 2020
Marketing of Platform
May 2020
Final Release
TEAM
Uchit Team combines a passion for business, industry expertise & proven record in innovation, development, publishing, marketing & licensing.
Siddhant Dixit
Founder/CEO
Arpit CRASS
CMO
CRASS Infotech
Platform Developer
Prateek Singh
CBDO
ADVISORS
Filip Poutintsev
Advisor
Gidhun MP
Advisor
Akata Arafat
Advisor
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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