The Universe Protocol completes ICO, Brave, Bitgo, Bittrex, CretiK and other institutions promote Protocol standardization

On April 1, Universal Protocol announced that it had successfully closed an ICO after a previously disclosed goal of raising $8,000,000.

The goal of the Universal Protocol is to help decentralize ledger technology into the mainstream as a common way to transfer value over the Internet.

The Universal Protocol Alliance was established and the common Protocol platform was established. The general protocol alliance is made up of a number of blockchain industry pioneers whose mission is to provide key modules to support the next 100 million cryptocurrency users. The alliance, whose founding members include Uphold, Cred, Blockchain at Berkeley, Brave and FBG capital, is continuing to expand.

In its early days, the Universal Protocol received contributions from cryptocurrency enthusiasts in 80 different countries around the world. At the same time, KYC union members submitted before April 1 can still issue remittances to them before April 15.

In march this year, the Universal Dollar and the Universal Bitcoin were launched respectively by the Universal protocol platform. The exchange rate of the Universal Dollar is stable at 1 to 1. Once the universal dollar is minted, the transaction is recorded on the ethereum blockchain. This allows the user to have a real, linked asset id and, if needed, the transaction can be reinstated. The purpose of "universal bitcoin" as a proxy asset is to expand the maximum value of the blockchain and the availability of cryptocurrency, while users can earn an annual return of 10 percent on CredEarn by borrowing universal bitcoin.

The platform announced on March 30th that it would launch "Universal Euro" in the next few days. After the launch, users will be able to take out loans using gm euros on CredEarn through the firm platform, which will allow them to earn annual returns of up to 8%. CredEarn is a product of global blockchain lending platform CRED. Members of Uphold, a global digital currency platform, receive interest when they lend their digital assets to CRED.

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