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What is UIP?
UIP (short for UnlimitedIP) is a recreational copyright intelligent trading platform created by Link Entertainments Technology based on EOS. By using blockchain traceability, distributed, difficult to tamper characteristics, as well as hash algorithm, asymmetric encryption and timestamp and other technologies, combined with the EOS operating system to support millions of commercial transactions, low latency, free and other characteristics, UnlimitedIP is committed to providing global entertainment IP copyright holders with a very low cost of copyright certificate, copyright certification, copyright registration, copyright trading, online rights protection, content incubation and the one-stop entertainment copyright intellectual service.
The Use of UIP Token
When conducting recreational copyright transactions, the seller (i.e.: the IP copyright holder) needs to split the rights and interests of his IP copyright derivative transactions, and the IP interest of each smallest unit is expressed as "IP Unit". The transaction of IP Unit takes UIP Token as the basic transaction medium. After the buyer (i.e.: IP copyright purchaser) pays UIP, the seller converts the IP copyright asset to its unique IP Unit and pays the buyer. The seller and buyer must negotiate the issue of the amount and distribution proportion of IP Unit before the transaction; the IP Unit of each IP copyright is unique to its IP, and cannot be universal.
With the emergence of a large number of IP Unit of IP on the copyright trading platform and the increasing demand for IP Unit transactions, the application scenarios and transaction value of UIP will continue to expand. With the increase of the total revenue of the platform copyright trading, it is foreseeable that the market value of UIP will continue to rise.
UIP tokens add up to 3 billion, with1 billion 500 million pieces for external sale.
The 1 billion 500 million UIP will be sold on trading platforms. 500 million of the remaining parts will be used as the UIP layout recreational ecology community fund, and the remaining 1 billion as the UIP project development fund, which will be indefinitely locked and used for UIP copyright trading ecological construction, trading platform media, and team expansion.