The cryptocurrency market is made up of essential coins, very well known to the general public. This is the case for the likes of Bitcoin (BTC), Ether (ETH) and Solana (SOL). Certain meme coins also benefit from the spotlight, such as Dogecoin (DOGE) or Shiba Inu (SHIB), even for a short time.
Alongside these cryptos, emerging coins are less known to the public but have great potential. These cryptos are fascinating because, unlike the others, their price has yet to explode. This is the case, for example, of the Ultra (UOS) %%current_year%cryptocurrency.
Discover in this Tokize guide what the Ultra blockchain is and its characteristics.
What is Ultra?
Ultra is a blockchain gaming platform. The associated cryptocurrency is “UOS.” The project is enjoying ever-increasing success. If the project is so appealing, it is mainly due to its positioning. Indeed, Ultra brings together two critical areas: gaming and blockchain. Ultra is more than a simple platform; it is an ecosystem or an “all-in-one” solution.
This platform lets users purchase games with crypto or fiat money (bank card). On it, players can access Web3 games and Web2 classics such as League of Legends. An excellent way to bring together all the players and open the door to those who don’t know crypto!
In addition, the platform will offer a secondary game resale market. With it, players will be able to resell their game as is. The price of these games will depend on the levels completed and the rewards obtained—a good idea for those who would like to try a game without starting from the beginning.
But the ecosystem is going to continue beyond the gaming platform. The developers are working on several other solutions, such as:
A platform for organizing tournaments called Ultra Arena. Players will be able to receive rewards via smart contracts automatically.
An NFT marketplace
A sign of its potential, the Ultra project is already the subject of several collaborations with renowned partners such as Ubisoft (game studio), AMD (graphics card manufacturer), Xborg (SwissBorg), etc.
The Story of Ultra
Behind the Ultra project, we find David Hanson and Nicolas Gilot. Currently, they are the co-CEOs of the project. David Hanson and Nicolas Gilot come from the gaming ecosystem. They are indeed two former players of the famous Counter-Strike game. They spent eight years in China, launching several projects and creating several companies.
Looking for ideas for a new project, David Hanson and Nicolas Gilot visited gaming fairs and contacted numerous players and developers. The objective for them was to understand the issues and problems of the field. They quickly realized that players and developers were complaining about online gaming platforms. These platforms are expensive for players and take a long time to pay. For their part, developers are under intense pressure from private investors to release new games regularly.
With this observation, David Hanson and Nicolas Gilot began working on an idea for a gaming platform. Having been in crypto since 2011, they naturally connected blockchain and gaming. In 2017, the Ultra project was launched.
Why was the Ultra Designed?
The Ultra project pursues two main ambitions. The first consists of intelligently bringing together the gaming field and blockchain. This link is only made through Play-to-Earn (P2E) games such as Axie Infinity. However, the result could be more satisfactory at the moment. For what? Gaming players need help finding what they are looking for in P2E. Indeed, P2E games offer relatively poor graphics and player experience when these do not turn into scams and Ponzi pyramids. P2E games even get a bad rap in gaming and have turned off a lot of blockchain gamers.
Ultra is betting on reconciling these two areas. Instead of adding a gaming experience to a token, Ultra adds tokenization to its game. Gaming is, therefore, at the center of the Ultra project. Moreover, as explained above, Web 2.0 games are on the Ultra platform. In other words, even a player who does not know (or does not wish to know) crypto can participate in the Ultra ecosystem.
The other ambition of the project is to compete with online gaming platforms. Currently, the market leaders are Steam and Epic Games Store. However, these take up to 30% in fees. On Ultra, the fees are cheaper. In addition, developers have tools to create their applications and NFT more easily. Finally, the particularity of Ultra is to offer a secondary games market, which would be the first of its kind. In doing so, players can resell their games as they wish and thus earn money. Developers, for their part, will receive money from each game resale.
How does Ultra work?
Ultra has its blockchain. From a technical point of view, the Ultra blockchain comes from a fork of EOS. But why did it choose to start with an EOS blockchain base?
The reason lies mainly in the programming language. The Ultra blockchain allows the development of decentralized applications via smart contracts. However, on EOS, smart contracts are coded in C++ language. This is an advantage compared to other blockchains that use specific languages like Solidity on Ethereum. Indeed, C++ is a prevalent computer language well-known to game developers. So, it was a perfect choice for gaming.
The blockchain can process many operations. We estimate the scalability of the Ultra blockchain at 12,000 TPS (transactions per second). Ultimately, specific solutions will emerge, such as side-chains, which will boost scalability up to 100,000 TPS.
Finally, Ultra uses the Delegated Proof-of-Stake or DPOS consensus protocol. This type of consensus is used on other blockchains such as Polkadot for example. Simply put, it prevents the one with the most significant computing capabilities or the most significant number of staking coins from being the validator.
The choice of a validator is made via a vote.
Where to Buy Ultra?
The Ultra coin has a capitalization of 55 million euros when writing this guide. This level of capitalization is relatively low, but it can be explained by the project’s youth. This positions the Ultra cryptocurrency as the 326th in the world currently. If the project has great potential, its crypto must be well known. This means it must still be listed on all crypto exchanges worldwide.
So, where can you buy the Ultra crypto? You can do this on exchange platforms like KuCoin, Bitfinex, or Gate.io. These three platforms are centralized crypto trading platforms.
KuCoin is one of the most well-known and widely used cryptocurrency trading platforms for buying and selling Ultra UOS crypto. It is also the best option for Ultra staking. To use it is very easy and relatively straightforward. Simply register through KYC, deposit your funds, and sell your EUR or USD (or cryptocurrency) for Ultra. Be careful, however, as only two pairs are available: UOS/USDT and UOS/BTC.
Gate.io is one of the other best-known trading platforms on the market. A historic player, it offers investors the opportunity to position themselves on Ultra UOS through two pairs, USDT and ETH. To use the platform is also quite easy. You simply need to pass the KYC (Know Your Customer) protocol, deposit your funds before exchanging them into BTC, ETH, or USDT, and then invest in Ultra UOS crypto.
Bitfinex is also a very well-known cryptocurrency platform! However, it only offers one trading pair to buy UOS, namely UOS/KRW. It’s a bit of a shame, but it nevertheless allows us to position ourselves solely on this value. Indeed, to use the tool, you must pass the KYC (Know Your Customer) protocol before depositing your funds and positioning yourself on Ultra!
Trading platform you can use to buy Ultra UOS Crypto
As previously mentioned and probably understood, the steps to buy Ultra crypto are similar on these three exchanges. First, you will have to open an account. Then, you will need to deposit funds and connect your crypto wallet. Finally, you can buy the Ultra crypto, which will be stored in your wallet. The three exchanges mentioned above all offer Ultra UOS crypto. Without being the market leaders, these are three large and secure platforms.
But then which one do you choose?
We recommend you use the services of KuCoin. It is a reputable exchange that has been operating since 2017 and is based in Seychelles. You can also access it on your mobile using its application for both iOS and Android devices. In addition, it gives you access to other services such as staking, crypto loans, etc.
Ultra UOS crypto has everything to be one of the most promising projects for 2024! First, as explained above, crypto has a real ambition of bringing together gaming and blockchain. For this, the project is banking on launching a set of products and solutions and is not betting everything on its gaming platform alone.
One of Ultra’s strengths is that it offers an all-in-one solution. In addition, the developers are working hard to roll out the project roadmap. For the moment, despite some slight delays, this roadmap is being respected. Moreover, 2024 is a pivotal year for Ultra. Prediction for its future is quite promising.
In the following weeks, the developers will also launch the Ultra Wallet. By the end of the year, the project should also announce the release of a game. If we don’t know the details, it will be a significant game since it will belong to the premier AAA (or triple A) category.
The Ultra community anticipates this game because it will play the role of gondola head, a bit like Fortnite was with the Epic Games Store. The developers are betting a lot on this game because it could succeed in reconciling gaming fans with blockchain. If the match is successful, it should, therefore, catalyze the adoption of the project by attracting thousands (or even millions) of players from traditional gaming.
In other words, the project news will be rich in 2024. This should undoubtedly boost the price of the Ultra cryptocurrency.
Is Ultra UOS crypto a good investment? Let’s look at the pros and cons of it to provide some insight.
The Ultra crypto will be talked about a lot in 2024! It is therefore essential that you know this crypto and its ecosystem. The advantage of the Ultra platform is it offers a completely integrated solution that combines blockchain, NFT, wallet, and gaming.
However, Ultra is not reserved only for crypto users. The particularity of Ultra is to leave a door open to players from traditional gaming who do not wish to buy cryptos to play. So, on Ultra, you will be able to access classic web2 games. Ultra’s other innovation is to launch a second-hand market for games. The idea should reach a wide audience and will benefit both players and developers.
Thus, the Ultra project is very promising, and 2024 appears to be an ideal period for investing in the coin. First of all, the Ultra crypto price is still very low as Ultra’s price in USD is $0.1357. Also, many developments will arrive in 2024 which would invariably boost the price of Ultra. Forecast for its future is anyone’s game, but what if now is the perfect time to bet on Ultra’s value and buy the token?
An all-in-one platform.
Great scalability of the blockchain.
Blockchain which allows the coding of smart contracts in C++ language.
Detailed and ambitious roadmap.
Collaborations with renowned partners
Possibility of reselling your used digital games.
Rich in new features and developments.
Difficulty attracting gaming enthusiast who are cool with P2E games
Token not present on the main trading platforms.
FAQs about Ultra (UOS)
What is Ultra crypto?
Ultra is the name of a blockchain platform which allows you to purchase games. Its native token is “UOS.” It can be bought, traded and staked on various dedicated platforms. Today, the latter is moving around 0.17 eur.
Who are the founders of the Ultra project?
Ultra’s founders are Belgian and their names are David Hanson and Nicolas Gilot. The team is currently made up of eight people in the “Management” group and three people in the “Advisors” group.
Where to buy Ultra crypto?
You can buy Ultra cryptocurrency on exchanges like Bitfinex. You will also find them on platforms like KuCoin, Gate.io, and others even though they remain quite minimal in terms of volume.
What is Ultra crypto used for?
It is used to operate a gaming platform that aims to bring together fans of web2 gaming with web3 users.
Will Ultra go up?
Ultra’s future is promising, and it has the possibility of increasing in value as time goes by, due to more adoption of cryptocurrency globally.
Tobi began his career in 2017 as a crypto writer, where he focused on producing educational content. He worked with Stockbossup, an investment platform dedicated to educating black people. Prior to that, he worked as a copywriter with Turboxbt, a crypto trading platform. In 2021, Tobi joined Watcher Guru as a crypto news editor. He was recognized as one of the top 333 web3 creators on LinkedIn for crypto in 2022.