Roadmap of the blockchain project Up Chain
- Objective of the project: To create a decentralized platform for uniting startups and investors represented by any participant in the crypto market, which will ensure high speed, security and transparency of investments, as well as simplify the receipt of investments for startups and allow them to find the best suitable startups for investors.
- Project objectives - Receive an initial investment of $200,000 on IDO. - Open a company in Estonia. - Hiring a team (programmers, analysts, marketers). - Improve the blockchain based on the proof-of-stake algorithm with your Up Coin (UPC) cryptocurrency. - Launch the Up Chain blockchain. - Develop a web interface for interacting with the platform, which will allow users to register, log in, create and accept an investment proposal, as well as view the history of their transactions, buy shares of a startup company and receive NFTs with information about the transaction, create business connections, exchange coins UPC to other popular coins, development of a cryptocurrency bridge for transferring cryptocurrency from different blockchain networks, staking. - Develop a mobile application for iOS and Android that will duplicate the functionality of the web interface and ensure ease of use of the platform from mobile devices. - Test and debug the platform, eliminate possible errors and vulnerabilities. - Launch the platform into public access and conduct a marketing campaign to attract users and partners.
- Project results - Creation of a website that contains all the basic information. - Accounts have been created on Medium and Twitter (X) from where the general public is informed about the project. - A blockchain prototype has been created using the proof of work algorithm, now we are moving to the proof of stake algorithm.
- Project risks - At the initial start of the blockchain, low speed and high transaction costs are possible, which can reduce the attractiveness of the platform for users. - There is no competition from similar platforms, because our project is a pioneer. - Negative attitude of regulators and legislators towards cryptocurrencies and blockchain, which may introduce restrictions or bans on their use.
- Project deadlines If you manage to raise money for IDO before Q1 2024. - Q1 2024: Launch and testing of the blockchain, development of a web interface for the Up Chain platform. - Q2 2023: Development of a mobile application for iOS and Android for the Up Chain platform. - Q3 2023: Testing and debugging of the Up Chain platform, eliminating errors and vulnerabilities. - Q4 2023: Launch of the Up Chain platform into public access and conduct a marketing campaign.
