Universal Labs

ElectronicsSoftware
Decentralized personal cloud storage implemented in hardware box

Review for Universal Labs ICO

Idea and Token

Ubbey Box is a hardware device designed by Universal Labs. It can be used as a personal cloud storage for individuals and enterprises. It provides user with massive amount of secure data storage space, with 1TB or 2TB options available in the first version. It allows users to backup or store at one place and access the file from anywhere and anytime. The price starts at $199.

Ubbey Box is also a full node for the Ubbey network, which means it acts like a miner in Bitcoin network. The Ubbey network block creator will be randomly selected from Ubbey box nodes based on Proof of Storage consensus algorithm. Users can mine YOU (ERC20-based) token through sharing their personal storage space and be rewarded with YOU token as an incentive to power and secure the network.

Team

Keda Che (Founder), Founded a top ranked blockchain company in China. Harvard graduate.

Sammy Mehra (Co-Founder), Co-founded a blockchain start-up funded by son of Tim Draper. Harvard graduate.

Dr. Ryan Yuan (Chief Scientist), Worked in Microsoft and Adobe previously as a machine learning scientist. Stanford graduate.

Summary

The Universal Labs team has created an interesting product that corresponds to the concept of “working” things. In addition to direct use (data storage), Ubbey Box allows its owner to earn money for leasing surplus space.

Strong points of the project include a competent team of authors and advisors, a serious technological content, an existing MVP, open source code, and the simplicity of the product format of “a single button” – turn it on and it works.

We do not often see Whitepapers worked with such depth and thoroughness. A huge amount of work has been done, which inspires deep respect.

In his interview, Keda Che calls Ubbey the killer of Dropbox and other popular providers. Sounds really ambitious! But we have to disagree with Keda. These are different consumers with completely different motives. In our opinion, Ubbey Box is an excellent business niche for those who understand their point. In any case, we wish the guys success and a successful ICO!

Average rates for the project

Average
rating
Team
5
Vision
5
Product
5
Hype
3
Rating
4.5 / 5
5
5
5
3
4.5 / 5
-
-
-
-
- / 5
-
-
-
-
- / 5
-
-
-
-
- / 5
-
-
-
-
- / 5
-
-
-
-
- / 5

Universal Labs ICO datesexport to calend


Whitelist
12.11.2018
12.11.2018
KYC
12.11.2018
12.11.2018
PreICO
12.11.2018
12.11.2018
PreSALE
12.11.2018
12.11.2018
ICO
12.11.2018
12.11.2018
12.11.2018
12.11.2018
12.11.2018
PreICO
Jun. 1, 2018 — Jun. 21, 2018

Funding

Token
YOU
Hard cap
ETH 40.000
Price on ICO, eth
1 ETH = 100,000 YOU (Pre-sale)

About Universal Labs

Cloud storage is a simple and scalable cloud computing model where data is stored, accessed and shared remotely over the internet. Cloud storage allows users to safely store data separately from the point of generation, while also facilitating the access to it from any connected device. The demand for cloud storage services has grown exponentially over the last decade, and two types of cloud storage seem discernible: Personal and Public.


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