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Cryptocurrencies

Ultima

Ultima (ULTIMA)

Ultima (ULTIMA) is a cryptocurrency ecosystem that was launched in 2023. It is based on blockchain technology and integrates various digital financial tools with a focus on a deflationary token model. The ecosystem offers a range of applications, including digital wallets, marketplaces, and debit card solutions, designed to facilitate seamless transactions and broaden the application of cryptocurrencies. The platform aims to provide tools that enhance global financial engagement.

Ticker ULTIMA
Category
Website https://ultima.io/en/
Twitter @UltimaEcosystem
Telegram Ultima_Official_English

Overview

The Ultima ecosystem revolves around the ULTIMA token, which serves as its core. Developed by a team with significant expertise in blockchain technology, Ultima addresses transaction efficiency and accessibility challenges. The ecosystem provides tools for minting, trading, and daily spending to create a comprehensive digital finance environment.

Key components

  • Delegated Proof of Stake (DPoS): A consensus mechanism designed to ensure scalability.
  • Cross-border transactions: A global network facilitating efficient international payments.
  • Utility-driven design: Applications focusing on payments, crowdfunding, and e-commerce.

Technology

The foundation of the Ultima ecosystem is the Smart Blockchain, which prioritizes speed, scalability, and security. It incorporates mechanisms to regulate the supply of tokens.

Features

  • Transaction throughput: Capable of processing up to 2,000 transactions per second.
  • Rapid block generation: Blocks are created every three seconds.
  • Deflationary model: The supply is managed through scheduled halving events and token burns.
  • Security framework: Wallets are fully decentralized, giving users exclusive access to their private keys.

Minting process

The minting system in Ultima is based on smart contracts within the Ultima Farm application. By freezing ULTIMA tokens, participants earn rewards over a predetermined period. Minting is facilitated by Farming Units, operating over three years and generating rewards divided as follows:

  • 60% Available Balance: Usable for immediate transactions or purchases.
  • 40% Upgrade Balance: Reserved for reinvestment within the ecosystem.

Tokenomics

The ULTIMA token is governed by a deflationary strategy that aims to regulate its supply and maintain value stability.

Key features

  • Limited supply: The total supply is capped at 100,000 tokens.
  • Halving events: Token issuance is reduced periodically, with daily distribution expected to decline to one token by 2028.
  • Liquidity pools: Rewards are proportionally distributed to SPLIT token holders.

History

Ultima was initially conceptualized in Switzerland in 2016 and was officially launched in 2023. Its founder, Alex Reinhardt, has extensive experience in blockchain development and entrepreneurship. The project has grown to operate in over 120 countries, with a user base exceeding 2.8 million individuals. The ecosystem continues to expand with the development of new platforms and enhancements.

Ecosystem

Ultima’s ecosystem includes a variety of tools and platforms that enhance the functionality and accessibility of cryptocurrency.

Core components
  1. Ultima Card: A debit card enabling cryptocurrency transactions in over 100 countries, featuring high transaction limits and compatibility with Apple Pay and Google Pay.
  2. Ultima Travel Club: A travel platform offering discounts on accommodations, flights, and rentals, with access to millions of listings across 150 countries.
  3. ULTIMEX Exchange: A cryptocurrency exchange facilitating trading pairs for ULTIMA and other digital assets.
  4. Ultima Store: A marketplace for buying and selling goods using ULTIMA tokens.
  5. UltimaDeal: A platform connecting buyers and sellers through advertisements.
  6. Charity Crowdfunding: Focused on supporting humanitarian initiatives.
  7. StartUp Crowdfunding: Designed for entrepreneurs seeking funding.
  8. Freezing Games: Offers incentives for token freezing, such as vouchers for goods and services.
  9. Jewelry Platform: An upcoming platform for purchasing jewelry with ULTIMA tokens.