Frequently Asked Questions

About company

How many people are there on the team?

To date, our team includes 169 employees from 4 cities.

How long has your company been in business?

Our company has been on the market for 12 years, though uKit website builder is a relatively new project for us — it was created 2.5 years ago.

Does your company have any mentions in the media?

Yes, feel free to check out the following links:

In what jurisdiction is your business?

We have operational companies in Russia, Ukraine and Cyprus. Furthermore, with the aim of holding the Shareholder Agreement and conducting an ICO, the BVI jurisdiction was chosen.

About our tokens

What is the blockchain of your token?

Our tokens comply with the ERC20 standard.

When will your tokens be traded on online exchanges?

We are considering the option of taking tokens to an online exchange. In any case, it will be possible to trade tokens not earlier than within 30 days after the completion of the ICO.

About product

In a few words, what is your project about?

uKit AI 2.0 is a system that creates personalized landing pages for visitors.

It is based on:

  • Artificial intelligence

    Deciding what kind of website a person will most likely enjoy.

  • Generative design

    Rebuilding a website on the fly.

  • Blockchain database

    Giving traffic contributors an opportunity to earn by educating the system.

How big is this market?

We are working at the junction of two markets.

The first is the market of big data (it is expected to triple in value within the next decade, $92 bln), and its biggest part of income will be generated by professional services, apps and data storages.

And the second is the website building market. It is steadily growing, and 89% of companies name websites as the main tool to attract customers.

We are creating a website personalization platform with built-in data storage. When we were starting out with R&D for uKit AI, our website redesign service (v 1.0), we estimated the current number of those who may be interested in 20M of potential users among small business owners.

By entering the market with the uKit AI 2.0 idea — AI that works as a site marketer and designer, we automatically expand the potential audience. According to the most modest estimates, there are about 100M businesses with websites in the world.

What is uData?

uData is a big data storage on the blockchain combined with a smart search and hypotheses about the audiences. It is based on big data that is collected from crowd data and DMPs into a single storage.

When a visitor enters the website, the system will automatically figure out what segment this visitor belongs to: traffic is divided into groups based on the information about socio-demographic characteristics of the visitors and their online behavior. Then, uData makes a list of recommendations for personalizing the content of a page for each segment.

The interaction of systems within uData goes in cycles: each subsequent round of redesigning a dynamic landing page (unless an optimal conversion rate is reached for a particular page) calls a set of specified hypotheses, their automatic check and correction. The systems are constantly learning and the volume of data in the database is growing all the time, which increases the value of a token.

What is uKit AI 2.0 and how is it different from the current uKit AI?

By and large, these are two different projects. The first has a working prototype and is going to be launched soon, while uKit AI 2.0 is its spin-off and is generally something that web design is moving towards — when AI upgrades websites and improves the final conversion rate based on the accumulated data.

The main goal of uKit.ai 1.0 is to take an old website and without involving a person turn it into a modern, mobile-friendly, and thus more converting one; uKit.ai 2.0 is based on the same technology and takes this idea further by learning from the received data. As a result, different segments of website visitors get their own personalized versions, product recommendations and timely trigger notifications. Ultimately this improves their user experience, as well as increases the conversion rate and satisfaction of website owners.

What is crowd data?

Similar to crowdfunding when a conventional “crowd” raises funds for a project, "crowd data" is when data is received from many sources including small ones which in total make a large volume of data (big data). In our case, this is data about online visitors and their behavior collected from websites of the system users.

What is a conversion of the website and how does it work?

Conversion is when the system creates one personalized version of the page, based on recommendations of the uData system. This version can be shown not only to a single visitor, but also the whole audience segment (users with similar profiles).

How and where do you use blockchain?

For more information on how uData works, please visit this page: https://ico.ukit.com/tech.

In addition, the system will have a mechanism of voting for the product development (new features and the order of their implementation). Each token holder can directly influence the development of the product. To ensure the transparency of online voting, we use blockchain.

Of course, it's possible to implement this kind of a project without using the blockchain, but then it won't be that good. Actually, exactly the same can be said about the majority of ICOs that were held or are being held on the market. Moreover, everything that has now been improved with the help of the blockchain technology was out there yesterday, the same money and contracts, they have been working and are working at the moment. But with the blockchain, they get to the new level.

ICO procedure

Is there a limit on the raised funds?

Yes, the maximum amount (hard cap) is $10,000,000. We don't have an objective of collecting as many funds as possible, the established sum is how much we need to implement the project and the ecosystem of its tokenization.

Is there a minimum amount of the collected funds? What if you don't raise them?

Yes, the minimum amount (soft cap) is $2,500,000. If we don't manage to collect it during the ICO, all funds will be returned to the buyers' wallets.

Is there a bounty program? How can I get a reward?

There's a bounty for translations, management of forum topics and signatures. To learn more about our bounty, follow this link.

Is there a referral program?

Yes, there is. To take part in it and get a referral link, sign up for the token sale dashboard available at https://token.ukit.com.

How can I make a payment?

You can make a payment with the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), ETC, BCH, DCR, DGB, DASH, LTC, as well as via wire transfer. For guides on how to buy a token and cryptocurrencies, please visit this page: https://ico.ukit.com/instruction.

What is a minimum pledge?

The minimum pledge you can make is 100 tokens. A token costs $0.015 during the Pre-ICO, and $0.02 during the ICO. Please keep in mind that the services may charge transaction fees.

And the maximum limit?

There is no maximum limit. However, you can't buy more tokens than we have left in the system at the time of your purchase.

Why does the part of tokens go to the team?

The reason behind this is to maximize the team's commitment to the successful development of the project.

Is there a hold on selling tokens possessed by the team?

15% of tokens will be allocated to the team and put on hold for 1.5 years, with no possibility to sell them.

Will there be a pre-sale of tokens?

Our presale is over. It was held from December 11 until December 31, 2017.

Feel free to get in touch with us in Telegram:

uKit ICO — EN Community

Or by email:

en-ico@ukit.com