Ultra
Crypto Overview
Purpose and Utility
Ultra is a blockchain-powered gaming distribution platform that aims to compete with established platforms like Steam. The UOS token serves multiple utilities within the ecosystem: It's used for purchasing games, in-game items, and digital assets on the platform. Developers can receive payments in UOS, and token holders can participate in platform governance.
Business Model Analysis
The platform's business model focuses on legitimate gaming distribution and digital asset ownership, which aligns with halal principles. The platform does not facilitate gambling, interest-based lending, or other prohibited activities. Revenue is generated through game sales, marketplace fees, and ecosystem services.
Real-World Adoption
Ultra has established partnerships with major companies including Ubisoft and AMD. The platform is currently in beta testing, with a growing number of games and developers joining the ecosystem. While adoption is still in early stages, there is evidence of genuine platform development and user engagement.
Development Activity
The project maintains active development, with regular updates to their platform and blockchain infrastructure. Their GitHub repositories show consistent commits, and the team provides frequent technical updates through their official channels.
Token Distribution
The token distribution includes allocations for the team and early investors with standard vesting periods. While founders and team members hold a significant portion of tokens, there are lock-up periods in place to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Ultra from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ultra.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.