Bithumb Global AMA live with Derek Lim( CEO of UIP Foundation)
5 Aug 2019, Monday
Recap of Live AMA with UIP Foundation’s CEO Derek Lim
Q1: First of all, could you please introduce your experience? And how did u initially get into UIP team?
Through out my career, I involved in retail, e-commerce, technology , internet marketing and blockchain in Singapore, Hong Kong, Taiwan, Malaysia and China. I’m also familiar with international operations and expertise in Google, Facebook and YouTube marketing platforms, as well as Asia Pacific’s To- B market and blockchain technologies.Personally, I’m very optimistic about copyright projects.
At the end of 2018, UIP Foundation is launching the “Global Talent Recruitment Program”. As a senior blockchain enthusiast and have been paying attention to the Southeast Asian blockchain industry for a long time ,so, I was invited by the UIP Foundation.
Q2: Could u please tell more about the landing projects? What is it specifically?
The current implemented projects include Copyright crowdfunding, copyright certified storage, U-art commerce and UNI-box. Basically , the crowdfunding platform provides a space for talents to complete their dream through the blockchain technology in the entertainment industry. The certified storage platform offers IP digital storage by the traceability and time stamping characteristics of blockchains . U-art commerce provides services for artists and collectors, both domestic and international. Uni-box is a multi-asset box, supports bitcoin, Ethereum, EOS and other mainstream currencies and ERC20 system currency. In the future , It will be deeply linked to other platforms for better services .
Q3:When is the uptime and how is the turnover ?
UIP was officially launched at BigONE On December 1 2017. Issuing price $0.029 ，total circulation 3 billion, 1.5 billion lock in position and will be unlocked on December 1, 2019. So far has burned 160 million and has a market circulation of 1.34 billion. Will reach in other the exchanges in the coming months .UIP/BTC, UIP/ETH, UIP/USDT, UIP/KRW, etc. all have very good liquidity.
Q4: I heard that UIP will release a big plan，Could u please give a hint about it ?
I think u mean “The Muse Plan”.This project was planned after a long discussion ,in order to provide an analysis for the all future copyrights ecosystem and propose a master plan which is more specific and design to market. Also to clarify the development path of Unlimited IP project
Q5: Is there any special meaning for “Muse Plan”??
Protecting copyright is as difficult as the development of the Renaissance, the founders are veterans who are deeply involved in entertainment and art copyright, very concerned about copyright . UIP team aims to “discovering and protecting beauty” ,so basically the original intention of “Muse Plan” is to create a copyright depositing platform with the blockchain feature
Q6: What are the contents of the Muse Plan? What is the meaning of the UIP final stage for the future?
The Muse Plan is divided into four layers, protecting Venus, pursuing Da Vinci, exploring David, and Dante’s Road. The UIP Foundation will implement multi-category copyright through the characteristics of blockchain in many scenarios, make a contribution to maintaining the order of the copyright market.
Dante is hailed as the end of the medieval feudal and the beginning of the modern capitalist .He is the last poet in the Middle Ages also the first poet of the new era ,played an important role in the history .In the future, UIP will launch a broader application scenario in the copyright field , just as Dante, a connecting link between the preceding and the following ，this is our wish .
Q7: The copyright market has been highly concerned recently , Is it a good thing or bad thing for UIP?
Of course, it is a good thing. The greater the overall activity of the market, the more conducive to individual survival., when the market active , all the development is positive, we’ll share the prosperity together. It’s always tough to be a pioneer or so-called explorer of the industry, our goal is to create a healthy competitive market, so IP will be 100% protected.
Q8: What do you think of the future of blockchain copyright?
Blockchain technology can be divided into public chain, alliance chain and private chain. The public chain is completely decentralized ,global and no regional characteristics , can be participated by anyone. The Alliance Chain is designed for members with special features, with higher security and performance than the public chain. It’s suitable for linking applications from multiple companies and organizations. The blockchain is in the traditional industry, so the alliance chain is a better choice.
Let me be more specific , we announced the “Muse Plan” ,firstly based on the real market demand, a truly way to use blockchain to solve traditional industries pain point . Currently, relatively mature application scenarios are concentrated in finance, supply chain, cultural & entertainment, smart manufacturing, social welfare and other industries. Secondly, established blockchain participants incentive mechanisms , activated enthusiasm of participation. For example, UIP’s blockchain + entertainment project ,involved variety of roles: text creator, intermediate traders and end users etc. Through the IP uploading, all users will enjoy the rights of copyright deposit, transparent market, cost reduction and smart contract. In this way , all the enthusiasm for uploading and trading is protected. Overall , Muse Plan is a very natural way to achieve it. A comprehensive and holistic plan is essential for the industry .
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