Ucoincurrency ICO Rating and Review (Last update: Failed)
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Check Ucoin ICO Rating and Review – AntiDolos Media
| Etymology | Analysis |
|---|---|
| Do not look for a specific meaning for UCoin. UCoin means Universal Coin International. It's a smart choice but so stereotyped. | "UCoin"" was introduced in 2018. Exactly one year after the revelation about the "UCoin cash" (one of the famous scam). Just Google its name. The similarity of these two names can have three meanings. 1.Managers did not know about that scam. 2.They wanted to use the fame of "UCoin Cash" for themselves. 3.There is a connection between these two projects (team, idea, strategy). Given the similarity of "UCoin" site (HERE) and "UCoin Cash" site (HERE), and the similarity of the idea (banking), we consider option 2. |
Score: 7/10
| Strengths | Weaknesses | . | ||
|---|---|---|---|---|
| -Blockchain Advantage -Initial MVP (HERE) -Full Banking Services -Global Digital Banking platform -Cross border transactions -Acceptable team | -Very poor PR -Legal Loopholes -Very simple idea -Very poor Digital Marketing -Unknown business model -Collaborations & partnerships -No distinction with other projects -The revenue model is not clear -2 years of silence (2018 - 2020) -No serious AML, KYC, MSB attempt | |||
| Trustworthy | Profitable | Sustainable | Stereotyped | . |
| No | No | No | Yes | |
Score: 7.5/10
| WhitePaper | ||
|---|---|---|
| Strengths | Weaknesses | Multi-Languages |
| -Good graphics -Complete and clear -Attention to detail -Attention to all corner of the business -The team & social media -Financial details -Disclaimer | -Very vague roadmap from 2017 to 2020 -Lack of description of income model -Lack of explanation of marketing strategy -Lack of token distribution -Too many pages -Unconvincing resume -Financial & banking info copied from Bitpay | No |
Score: 8/10
We searched all British Virgin Islands databases. No company was registered in the name of UCoin or Universal Coin International, Inc.
All we found was the Ucoincurrency Review trademark registered by them. They registered 6 trademarks, which you can see in the photo below.
This could be a sign of other related businesses. be careful!
Score: 4/10
| Office Type | Multi-Branch | Address | Google Map |
|---|---|---|---|
| Physical | No | OMC Chambers, Wickham´s Cay 1, Road Town, Tortola, British Virgin Islands. | Not Registered |
Score: 6/10
IT Structure
| Domain | Creation Date | IP | Owner |
|---|---|---|---|
| UCoincurrency.io | 03/26/2018 | Coordinated | Protected |
| Whois | UI/UX Score | Web Hosting | Responsive |
| Checked | Normal (3/5) | GoDaddy | Yes |
| DNS Records | SSL/TLS Certificate | Connection Status | Speed Grade |
| No Error | Approved (Sectigo) | Secured | 35% |
| Multi-Languages | Server Location | Abuse & Scam | |
| Yes (2 Languages) | Texas, USA | Yes (CHECK HERE) | |
| Short Description | |||
| UCoin site has been launched since 2018. But we think they have rebuilt it since 2020. In the new version of the site, most team members have been removed. The Roadmap has been rewritten and all the visual and graphic elements of the site have changed. This site change revealed a lot of facts to us. You can see the first version of the site HERE and the new version HERE. |
|||
| In the Media | |||
Score: 7/10
| ID | Start Date | Members | Content Quality |
|---|---|---|---|
| Channel | 12/10/2018 | 115 | Normal (3/5) |
| Engagement | Fake Members | Scam Report | |
| Medium (3/5) | Null | Very Low (5/5) | |
| Short Description | |||
| In October 2018, this channel was created, but all messages and activities before June 2019 were deleted. From June 2019 until today, they have managed to attract only 115 members. The project has been active since 2018 but has rebuilt its activities in mid-2019. | |||
Score: 4/10
| ID | Start Date | Followers | Content Quality | |
|---|---|---|---|---|
| Page | 05/17/2018 | 2.1K | Normal (3/5) | |
| Engagement | Average Likes | Fake Members | Scam Report | |
| Very Low (1/5) | 11 | 40% - 45% | Low (4/5) | |
| Description | ||||
| Like other UCoin social media, the Instagram page has been launched since 2018. | ||||
Score: 5.5/10
| ID | Start Date | Followers | Content Quality |
|---|---|---|---|
| Page | 10/01/2019 | 213 | Good (4/5) |
| Engagement | Average Likes | Scam Report | |
| Very Low (1/5) | 1 | Low (4/5) | |
| Short Description | |||
| While the project claims that there are 18 person working on the UCoin, only 7 are on them have been introduced on LinkedIn (2 fake accounts have been deleted by LinkedIn). The interesting thing about this project was that it already had another LinkedIn page that the former team was on it but that page has been removed and a new page has been launched with new members. You can see the old team HERE and the new team HERE | |||
Score: 5/10
| ID | Start Date | Followers | Content Quality | |
|---|---|---|---|---|
| Channel | 11/18/2018 | 7 | Good (4/5) | |
| Engagement | Average Claps | Fake Claps | Scam Report | |
| Very Low (1/5) | 3 | 5% - 10% | Yes (HERE) | |
| Short Description | ||||
| After two years of activity, we expected more | ||||
Score: 3/10
| ID | Start Date | Subscribers | Content Quality | |
|---|---|---|---|---|
| Channel | 05/16/2018 | 19 | Bad (2/5) | |
| Engagement | Average Views | Fake Views | Scam Report | |
| Medium (3/5) | 340 | 20% - 25% | Very Low (1/5) | |
| Short Description | ||||
| YouTube, like the company's other media, is a dead platform. 3 videos with 19 subscribers after 2 years of activity. We expected at least one of the 18 members of the team to be in front of the camera and talk about the project. But all 3 videos are just promotional. | ||||
Score: 3/10
| ID | Start Date | Followers | Content Quality | |
|---|---|---|---|---|
| Page | 04/01/2018 | 116 | Very bad (1/5) | |
| Engagement | Average Activity | Fake Members | Scam Report | |
| Very Low (1/5) | Null | 60% - 65% | Very Low (5/5) | |
| Short Description | ||||
| Weak with no unique content, just some retweet of other pages (Like Cointelegraph) | ||||
Score: 4/10
| ID | Start Date | Followers | Content Quality |
|---|---|---|---|
| Page | 05/17/2018 | 9.1K | Normal (3/5) |
| Engagement | Average Likes | Fake Members | Scam Report |
| Low (2/5) | 11 | 20% - 25% | Low (2/5) |
| Short Description | |||
| How can you trust a project that is so weak on social media? They want at least $50 million and promise a great business and attractive profitability, but after 3 years in the market and 2 years of delay, they have not attracted even a thousand real audiences. | |||
Score: 5/10
| ID | Start Date | Members | Content Quality |
|---|---|---|---|
| User | 06/10/2019 | 0 | Bad (2/5) |
| Engagement | Karma | Fake Comments | Scam Report |
| Very Low (1//5) | 1 | Null | Very Low (5/5) |
| Short Description | |||
| 9 posts with zero interaction rate. As we said before, UCoin Currency (with a simple idea) might be a good option. But after 2 years of silence and low activity on social networks, UCoin is definitely a dead project. | |||
Score: 3/10
| ID | Start Date | Read Times | Comments | |
|---|---|---|---|---|
| Announcement | 11/19/2019 | 120 | 0 | |
| Content Quality | Engagement | Fake Interaction | Scam Report | |
| Bad (2/5) | Very Low (1/5) | Null | Yes (HERE) | |
| Short Description | ||||
| If you do not find any scam report, it does not mean that UCoin is good. In fact, no one cares about this project and no comment on it. Maybe UCoin is not a scam. But this project has definitely expired. | ||||
“Cryptospoon and UCoincurrency have similar content.”
Read the full report HERE
Score: 5/10
Ucoincurrency ICO has No description, website, or topics provided. Just a link and an empty account.
Score: 3/10
Technical Structure
| Token Name | Symbol | Token Type | Price 1 UCOIN |
|---|---|---|---|
| UCOIN | UCOIN | Ethereum | $1.0 |
| The project wallet | Bitcoin Wallet | Ethereum Wallet | USDT Wallet |
| Total Received | 0.00 BTC | 0.00 ETH | 0.00 USDT |
At the time of writing this review, Ucoincurrency ICO has completed the first round of the sale. After reviewing the company’s Smart Contract and the wallets they provide to receive the money, we realized that UCoincurrency could not raise even $ 1 in the capital.
Score: 5/10
| Token Allocation | Token Distribution | Total Supply | |
|---|---|---|---|
| -50% Public Sale -20% Assets Allocation -10% Team -10% Bounty -5% Reward Pool -5% Advisors -Bounty & Airdrop | -Operational -Technical development -Innovations -Marketing -Management -General operating of Ucoin. | 5,000,000,000 UCoin $5,000,000,000 !! |
|
| Bounty & Airdrop | Live Price | Market Cap | Holders |
| No | $0 | $0 | 14 |
Score: 4/10
ICO (Initial coin offering) details
As you know, they wanted to sell their tokens from 2018. Two years ago, UCoin was supposed to raise quite ambitious between $100M (Soft Cap) and $200M (hard Cap) in direct sales. (such a self-confidence)
But their 2020 plan has changed. The ICO started a month ago to raise $50M.To date, no information is available on their sales and we found out they did nothing.
IEO (Initial exchange offering) details
We have not found any information as to whether listing on exchange and start an IEO.
Based on our research on Ucoincurrency ICO, they do not seem to have a specific target for sale. ( Just an unclear plan for Q4 2020) An irregular and unplanned business. Their initial idea is appealing, but their tokens are quite floating. They have no sales strategy.No business plan. They have no AD campaign. No Airdrop. We do not recommend such a failed and dead project at all.
Score: 3/10
UCoincurrency ICO started in 2017 with a good idea & team. The banking system they provided was very creative. But by 2020, nothing had happened and some members and advisors abanded the project. In our opinion, they are not familiar with Blockchain and Cryptocurrency and don’t know the rules of ICO and digital marketing. Maybe it would have been successful if UCoin had been launched in a different way. But now, after 2 years of disorder and delay, severe weakness of social media, failed ICO, and lack of token strategy, the UCoin is failed (Like Diagon.io project) and a dead project. If they insist on this method, we will make sure that UCoincurrency is Scam.
We currently offer NO short-term or long-term investments. If they can solve their problems and rebuild UCoincurrency with a new strategy, and renew their social media activity, a multi-stage long-term investment is recommended. (Only because of the MVP & good idea)
Summary
Universal Coin International
Positive
- Brilliant Idea.
- Creative Business.
- Acceptable Team.
- Good ROI (return on investment).
- Initial MVP (Minimum viable product).
Negative
- No Revenue Model.
- Too Much Risky.
- Legal Loophole.
- Poor in Crypto.
- Two Years Delay.
- Dead Social Media.
- No Token Sales Strategy.
- Sketchy & Fake Roadmap.
- No Specific Business Plan.
- Unrealistic & Fake Soft cap.
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