What is U2U Network (U2U)?

Source:official x

U2U Network is an innovative Layer-1 blockchain platform that aims to promote the global popularity of the Internet and blockchain through a decentralized physical infrastructure network (DePIN). What sets U2U Network apart is its modular subnet architecture, which allows users and developers to create customized subnets, providing high scalability, security, and interoperability. This architecture is based on advancedDirected Acyclic Graph (DAG)Technology, asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism, and Delegated Proof of Stake (DPoS) provide a solid foundation for the high throughput, low latency, and security of blockchain.

The founding team of U2U Network is composed of a group of professionals with rich experience in the fields of blockchain, technology, and business development. The core team includes co-founder and CEO Luu Tran, co-founder and co-CEO Trang Phung, co-founder and COO Tran Anh, as well as Chief of Staff Jennie Nz, Ecosystem Head Ryan Bui, and Chief Business Officer Astrid Dang, among other key figures, all of whom have made significant contributions to the development of U2U Network in their respective fields.

Innovative Technological Advantages of U2U Network

Source:Official Documents

1. Modular Subnet Architecture
   The subnet architecture of U2U Network allows developers to create customized independent subnets according to specific application scenarios. Each subnet inherits the security and consensus mechanism of the U2U main network, and allows node operators to contribute computing resources (such as CPU, GPU and storage). There are three types of nodes in the subnet:

• Master Node: responsible for transaction management, data availability, and cross-network operations.
• Validator node: Verify the integrity and privacy of data using Trusted Execution Environment (TEE) and Fully Homomorphic Encryption (FHE).
• Edge node: providing computing resources and receiving rewards based on contributions.

1. High-performance consensus protocol: Helios
   The Helios consensus protocol of U2U combines asynchronous Byzantine Fault Tolerance (aBFT) and Delegated Proof of Stake (DPoS), effectively solving the scalability issues of traditional blockchains, enabling the network to achieve:

• Each shard 17,000 TPS (73,000 TPS in ideal test environment)
• Finality time of transaction is less than 650 milliseconds

The Helios consensus protocol improves transaction speed and enhances network security through sharding technology. While ensuring high throughput, it can also quickly confirm blocks based on ensuring transaction finality.

1. Decentralized Physical Infrastructure Network (DePIN)
   U2U Network emphasizes the construction of a decentralized physical infrastructure network called DePIN, which provides decentralized network services. On this platform, ordinary devices can be transformed into contributing nodes, participating in the sharing of bandwidth, computing power, and storage resources, promoting the decentralization of the Internet and computing resources. U2U's decentralized VPN (U2DPN) has attracted over 60,000 users worldwide, becoming a benchmark application in the DePIN field.

2. Compatible with Ethereum Virtual Machine (EVM)
   U2U Network supports EVM-compatible smart contracts, allowing developers to easily deploy existing Ethereum applications and enjoy higher performance and lower costs brought by the U2U platform. The compatibility of EVM makes U2U Network an ideal platform for developers to build decentralized applications (dApps).

The ecosystem and applications of U2U Network

Source:Official documentation

1. The rise of the DePIN ecosystem
   U2U Network aims to drive the growth of the DePIN ecosystem, especially in the decentralized internet, IoT, healthcare, cloud storage, and more. Through its U2DPN decentralized VPN service, U2U not only improves the privacy protection of users, but also integrates the concept of decentralization into daily life. By the end of 2024, U2DPN already had more than 1,500 active users and processed more than 69,000 GB of bandwidth-shared data.

2. Developer Tools and Support
   U2U Network provides a complete set of developer tools that support multiple programming languages such as Python, Go, Rust, and TypeScript, helping developers quickly build and deploy decentralized applications. The Ostracism Virtual Machine (OVM) enables these applications to run seamlessly on the U2U network, providing formal verification to ensure the security and stability of the applications.

3. Decentralized Finance (DeFi)
   U2U Network is also making arrangements in the field of decentralized finance. The U2U token is not only used for transaction fees, staking, and governance, but also supports collateral, liquidity pools, and lending in decentralized financial products. The multiple uses of the U2U token provide strong support for the growth of the network and the expansion of application scenarios.

U2U Token Economic Model

The U2U token is the core of the U2U Network, with multiple functions, including:

• Transaction fees: used to pay for transaction fees and interact with smart contracts.
• Staking and Security: Used for participating in the network's consensus mechanism to ensure the security and stability of the network.
• Governance feature: Users holding U2U tokens can participate in network upgrades, resource allocation, and other decision-making processes.
• Incentives and Rewards: By participating in various activities on the network, such as providing bandwidth, storage, or computing resources, users can earn U2U token rewards.

Source:Official x

The maximum total supply of U2U tokens is 10 billion. According to Gate.io data, the current circulation is 535 million, accounting for 5.35% of the maximum supply, with a market value of $4.31 million. The initial distribution and unlocking plan is as follows:

1. Team allocation (1 billion tokens; 10%): Allocated to the core team for incentivizing the development and long-term operation of the U2U network. These tokens will be allocated over multiple years, ensuring that the team's incentives align with the long-term success of the network.
2. Advisor allocation (500 million; 5%): allocated to strategic advisors to support the growth of the project. The tokens of the advisors will be unlocked in stages, with the first unlocking of 25 million tokens and the remaining tokens gradually released over a certain period of time to ensure that the advisors continue to participate and provide guidance.
3. Ecological growth and development (3 billion coins; 30%): Used to promote the construction of the U2U ecosystem, including funding partners, incentivizing developers and conducting community activities. These tokens will be distributed over a 48-month unlock period to ensure the continued support and expansion of the ecosystem.
4. Mining Pool and Rewards (4 billion coins; 40%): Used to reward contributors to network security and infrastructure development, especially participants running verification nodes. The rewards will be continuously released based on effective participation, incentivizing users to maintain long-term contributions.
5. Suppliers and Marketing (1.5 billion coins; 15%): Used for marketing and supplier payments, aiming to promote the popularization of the network and establish strategic partnerships. These tokens will help the U2U network stay competitive and expand its market influence.

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The market potential and future development of U2U Network

U2U Network has attracted significant investors from various fields, including Chain Capital, IDG Blockchain, KuCoin Ventures, etc. By the end of 2024, U2U Network has built a strong global community with a total user base exceeding 1 million, and daily active users exceeding 100,000. With continuous product releases and technological innovations, U2U Network is becoming a leading industry player in the decentralized Physical Infrastructure Network (DePIN) sector.

In the future, U2U Network will continue to expand its ecosystem, launch more innovative products, and promote the development of decentralized infrastructure. The planned release of the Software Development Kit (SDK) and U2U mobile hardware will further enhance U2U Network's market influence and promote the popularization and application of blockchain technology.

U2U Network Incentive Program

U2U Network is launching an incentive plan to invite users to participate in its mainnet testing. The activity aims to reward early participants by increasing the Total Value Locked (TVL) on the U2U chain. Participants will have the opportunity to receive up to 10,000,000 U2U tokens as rewards. The ways to participate in the activity include transferring USDT to the U2U mainnet and participating in the staking pool.

Incentive Program Details

• When: November 12, 2024 to February 10, 2025
• Reward Pool: 10,000,000 U2U Tokens
• Participation method: Users need to transfer USDT to the U2U mainnet and participate in staking to receive U2U token rewards. For specific participation steps, please refer toOfficially released documents

Conclusion

U2U Network is an innovative blockchain project with huge potential, leading the development trend of blockchain technology through its unique technical architecture and powerful decentralized physical infrastructure (DePIN) solution. Whether in decentralized VPN, decentralized storage, IoT applications, or decentralized finance, U2U Network provides users and developers with abundant opportunities and platforms. With the continuous growth of the ecosystem, U2U Network will undoubtedly occupy a significant position in the future blockchain world.

Risk Warning: The current circulating supply of U2U accounts for less than 6% of the total circulating supply, and the market value is relatively small. Investors are advised to carefully assess the risks and implement risk management measures.