Ultra markets itself as a platform for distributing PC games powered by blockchain technology, opening up new prospects for players and game businesses. It is an ecosystem that allows gamers to, in addition to purchasing and playing games, sell their used games and stuff and earn money via their involvement in Ultra.
Ultra has developed its specialized version of the EOSIO blockchain to make the creation of user accounts wholly free and increase the transaction throughput via more efficient use of available resources.
What Is Ultra (UOS)?
Ultra is an ecosystem for the distribution of video games that are built on the blockchain. Its purpose is to make gaming environments much more accessible for both players and the content providers that make games. Gamers will soon have access to a platform that will let them purchase, play, and resell their digital video games and in-game accessories, all while using an efficient and decentralized market, thanks to Ultra.
Ultra's primary objective is to use blockchain technology's potential to significantly improve the existing video game industry. This includes providing automated updates for games that have been purchased, user-friendly programs for digital stores available on the web and mobile devices, decentralized digital rights management capabilities, video streaming, and a great deal more.
At the protocol level (for staking) and app level (for transactions), the Ultra token serves several roles within the Ultra platform.
History of Ultra (UOS)
Nicolas Gilot and David Hanson developed the idea for Ultra in 2017. Before starting Ultra, both founders worked on several successful gaming projects. This gave them a lot of connections in the gaming business. When they shared a ride to a video game challenge for the first time, they became friends right away. They began working on projects together when they realized their similar skills.
Also, David Hanson was one of the first people to use Bitcoin. He soon realized that blockchain technology could change the internet significantly. When smart contract blockchains were introduced in 2015, blockchain technology was finally ready to shift FinTech and the gaming business. The two founders quickly accepted the idea and decided that the next company they wanted to build would be a blockchain-based gaming network.
Features of Ultra (UOS)
Ultra facilitates the development of numerous new revenue streams in the gaming industry by leveraging blockchain technology and smart contracts to simplify the monetization of content produced by gamers, game developers, streamers, and game journalists.
Users control their assets; their private keys are generated on their devices, and Ultra can never access them. As a result, users' assets can be freely traded anywhere, both on the Ultra platform and outside of it.
The ecosystem relies on people networking and sharing. It provides two different referral programs, one for companies, one for influencers, and one for gamers, all intended to contribute to the expansion of Ultra's user base.
Additionally, the ecosystem allows businesses to expand their customer base in publishing applications and services. The platform was developed specifically for gaming and offered direct chances for everyone to exchange value inside a gaming meta that is constantly changing.
Regarding blockchain applications, Ultra has full native support for everything from DeFi apps and platforms to streaming services and NFT marketplaces.
Multiple programs, such as Ultra Games, the Ultra Wallet, Theta, and the NFT marketplace, are available on the platform and designed with gamers in mind.
As far as the average person is concerned, Ultra is a business that offers a service based on the UOS token. The protocol is integrated into a unified PC game distribution platform that takes a distributed ledger approach to some services while keeping others in a centralized location.
How Does Ultra (UOS) Work?
Daniel Larimer, the code developer that powers the SteemIt and BitShares blockchains, also created the next-generation technology upon which the Ultra protocol is built.
The protocol is based on the idea of a metaverse, which has widespread appeal among both gamers and programmers.
It's just as simple for gamers to download the app and create an account as on any other standard platform. Ultra's unique decentralized user-friendly key recovery technology keeps private keys safe by concealing recovery phrases and even the concept of installing and setting up a blockchain wallet from the user.
The platform functions as an accessible OS loaded with commercial possibilities and tools. Users may access anything they need with only one login, regardless of whether they prefer to interface via centralized apps (dapps) or bridging apps (bapps).
How to Buy UOS Tokens?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including UOS, users can now trade easily and seamlessly.
If you already have a CoinEx account, this is how to purchase and sell UOS on CoinEx:
- Enter your login information: To access your CoinEx account, visit the website or launch the app and enter your email and password.
- Put funds in your account to make UOS coin purchases. You can deposit the funds via credit card, etc.
- Once you have funds in your account, you may buy UOS by going to the UOS trading page and choosing the trading pair you wish to use.
- Tokens (USDT, BTC, ETH, and CET, etc.) can be exchanged for UOS. Put in your order and the quantity you want to buy.
UOS Token FAQs
UOS coins price history
The UOS coin reached its all-time high price in November 2021. It was being traded at 2.394. Since then, its price has decreased; you can buy it for $0.3109.
How many Ultra (UOS) coins are there in circulation?
The total supply of UOS is around 1 billion. Currently, there are 303.79 million coins in circulation.
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