The Ultra network is a blockchain-based platform that offers a dedicated service for gamers that is run on a customized EOS system. According to the network’s white paper, its main goal is to serve as a one-stop-shop for gamers and provide all the possible services they could need. These cuts across the ability to buy and play games, get access to streaming platforms within the community, watch and participate in professional tournaments, and partake in giveaways, as well as contests.
The Ultra network will essentially serve as a medium that bridges the gap existing between gaming networks and blockchain technology. As such, materials gained within the game hold a level of value outside the network. The advantage this creates is that it opens people already established on gaming platforms to the application of their knowledge and gaming skills to the world of cryptocurrencies
Who are the Founders of Ultra (UOS)?
The executive team of the Ultra network is primarily made up of renowned veterans in the video game industry, as well as successful entrepreneurs and a collection of influential IT investors with an impressive track record and data available across Asia and the West.
The platform is made up of two serving co-CEOs which are David Hanson and Nicolas Gilot. Hanson is a professional with over 18 years of experience founding companies and serving in executive positions including the CEO positions such as Xiaobawang, a $100+ million game console project in partnership with AMD, and a video game studio later acquired by Kingsoft (founded by Xiaomi’s CEO). His partner, Nicolas Gilot is also a vastly experienced professional and Serial entrepreneur. He is also a Strategist who led a $100+ million game console project as Xiaobawang’s CSO, 1.5x – 3x revenue of multiple game/app projects through his monetization strategy firm (Plants VS Zombie, Highnoon, The Economist).
Other members of the Ultra team include Michael Dunn as the CTO and Edward Moalem as the CSO. Dunn is extensively experienced and has served across several companies including his time as Dell as its CTO. He has also participated in several start-up companies. Edward Moalem on the other hand has also held several executive positions at both Google and Apple.
What is Ultra (UOS) used for?
The Ultra network aims to provide a solution to the existing problem of monopolies that exist within the world of PC gaming. With its Twitch (streaming platform) and Steam (games store) comprising a large variety of market shares, Ultra plans to carry out a redistribution of power in the gaming community. The platform does this by allowing the content creators and game developers to take the share of the revenue, they also plan to further incentivize up-and-coming, talented individuals to contribute to the gaming industry.
Ultra’s dedicated token, UOS, serves as the native currency of the Ultra ecosystem and also performs a series of functions. It will also serve as an incentive system for the participation of community members in a series of competitions, beta tests, and watching ads. The token also holds value and can be traded with other cryptocurrency pairs such as Axie Infinity and Neo to earn a level of profit from their cryptocurrency investments.
What Is the Unique Point of Ultra (UOS)?
The Ultra network holds several unique qualities, among which is its extensive application to the gaming industry. With the application of the Ultra system, online gamers have access to cryptocurrency services whereby they have access to liquidity, as well as an incentivized token system. This essentially leads to a complete change of the gaming industry in such a way that gaming transactions executed within the gaming platforms are done using cryptocurrencies and the participants can also earn some side income from their activities on the platform.
Developers can publish content on Ultra so as to gain access to their own “token factory.” The reason for this is to allow for the effortless materialization of their games into a secure crypto token. The Ultra Coins can then be sold through the Ultra network and, thanks to its defi nature of tokens, it is also possible to sell them on external marketplaces. Through the ownership of a token in Ultra’s token wallet, participants are able to access dedicated servers and download games as well as gain access to updates the same way content and updates are downloaded from familiar platforms such as XBOX and Steam.
How many Ultra (UOS) coins are in circulation?
The Ultra network has its total supply capped at 1,000,000,000 tokens, of which 267,919,582 UOS tokens are currently in circulation.
According to the white paper of Ultra network, 5% of Ultra’s game profits will go to Ultra’s “Game Development and Acquisition War Chest.” The coins assigned to this part of the system will stay frozen in a smart contract for at least 2 years.
Unfrozen War Chest coins, on the other hand, will be used in the acquisition of new restricted games and dedicated services for Ultra, this in turn will bring more players to the platform, thus, generating more profits, and improving the redistribution of more coins. Consequently, there will be an increase in the amount of Ultra Coins in the War Chest at each cycle.
While this process is being executed, the platform burns away part of its short-term profit and ultimately ensures the healthy development of both the exclusive games and user base of the platform. The system also has a protocol that releases coins to the game studios when they reach their predetermined milestones.
Is the Ultra (UOS) Network secured?
The Ultra network’s blockchain technology does not compel its participants to use their GPUs to secure the network. As such, the system is in a position to allow for mining operations in other blockchain networks. The system provides Ultra Miner, which is essentially a 1 button smart miner application that allows for the mining of altcoins, and also provides an avenue for them to be sold in order to purchase Ultra Coins from coin holders to ultimately provide Ultra tokens to the miners.
How do I buy Ultra (UOS)?
The Ultra system provides its participants with a series of advantages, some of which involve earning cryptocurrency tokens from their participation in games. The system’s protocols are however limited to PC gaming alone offering them gaming entertainment as well as earning possibilities in the form of in-game tokens. This has led to the availability of Ultra tokens across several exchanges. UOS tokens can be easily purchased by the following steps.
- Open an account with the crypto trading
- Transfer the specific amount of your fiat currency to your account.
- Wait for your deposit to be confirmed and Buy UOS through your trading account.
Which Cryptocurrency Wallet Supports Ultra (UOS)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as UOS tokens. Because of its speed, flexibility, and unique features, it has grown to become one of the most used new platforms. In addition, users can easily use PTPWallet as their main UOS wallet as it offers a simple and interactive interface, making it easy to navigate its system.