Ultra

Halal Rating :
Questionable
Last Price $0.09 Last updated:
Rank 751
1D Change -4.52 %
Market Cap $36.49m
Circulating supply 399,708,500
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Collectibles & NFTs
  • Gaming
  • Payments
  • Metaverse

Project Overview

Ultra is a blockchain-based platform designed to disrupt the gaming industry by creating a decentralized gaming ecosystem. The platform aims to provide game developers, players, and other stakeholders with various services including game distribution, a marketplace for in-game items, and blockchain-based features for gaming.

Intended Utility

The UOS token serves multiple purposes within the Ultra ecosystem: It functions as the primary medium of exchange for game purchases, in-game items, and digital assets on the platform. It's also used for platform governance, allowing token holders to participate in decision-making processes.

Actual Utility and Implementation

Ultra has made significant progress in developing its platform and establishing partnerships. The platform has partnerships with major technology companies including Ubisoft and AMD. The ecosystem includes a functioning marketplace where games can be purchased using UOS tokens, and developers can publish their games.

Token Distribution and Governance

The token distribution shows a structured approach with vesting periods for team members and early investors. The team's allocation is subject to a long-term vesting schedule, which helps align long-term incentives. The project maintains active development with regular updates to their platform and technology stack.

Technical Implementation

Ultra operates on a modified EOSIO blockchain, providing high throughput and low transaction costs. The platform implements smart contracts for game licensing, marketplace transactions, and other core functionalities.

Revenue Model

The platform generates revenue through transaction fees from game sales and marketplace activities, with no interest-bearing mechanisms. All transactions involve the actual exchange of digital assets or services.

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.

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