Ultra (UOS)

Gaming Platform

Ultra is a blockchain-based PC game distribution platform that lets gamers buy, play, and resell games and digital items. It offers a marketplace where users can trade games and virtual goods using the Ultra token (UOS).

Token Utility

The UOS token powers the Ultra ecosystem. It is used for transactions like buying games, trading digital assets, and paying for services within the platform. Users can also earn UOS tokens by participating in activities such as watching ads, referrals, and mining through partnerships.

Developer Tools

Ultra provides game developers with business and marketing tools to create new revenue streams. Developers can self-publish games, use referral bonuses, and access rewards programs to grow their audience and sales.

Ecosystem Features

Ultra includes a non-custodial wallet for secure asset management, a digital asset marketplace, and a mobile app called Ultra Go for gaming on the go. The platform aims to disrupt traditional game distribution by offering lower fees and more control to users.

Broader Use

UOS tokens can be spent in thousands of partner shops outside the platform, expanding its use beyond gaming. The blockchain technology behind Ultra supports fast, fee-free transactions to enhance user experience.

Pros of Ultra

• Fairer Game Distribution: Ultra aims to break the monopoly of big platforms like Steam by giving game developers better chances to sell their games and keep more revenue (up to 20% higher sales revenue).
• Player Rewards: Players can earn UOS tokens by using the platform, playing games, and participating in activities like tournaments or contests.
• Resale and Marketplace: Users can resell used games and digital items as NFTs, creating a new way to trade gaming assets.
• Exclusive Content: Access to platform-exclusive games and rewards such as free games and swag.
• Custom Blockchain: Ultra uses its own EOSIO-based blockchain, which offers free user account creation and faster transactions.
• Mobile Access: Ultra Go app allows players to engage and earn on mobile devices.
• Partnerships: Collaborations with companies like AMD help improve platform performance and marketing reach.

Cons of Ultra

• Market Volatility: Like most cryptocurrencies, UOS price can be volatile and fluctuate significantly.
• Competition: Faces strong competition from established gaming platforms and other blockchain gaming projects.
• Adoption Stage: Still growing its user base and ecosystem, so widespread adoption is not guaranteed yet.
• Limited Exchanges: UOS is available on several exchanges but may have lower liquidity compared to top cryptocurrencies.
• Complexity for New Users: Newcomers might find blockchain gaming and token use a bit complex at first.

Overall, Ultra offers a promising gaming ecosystem with benefits for both players and developers, but it is still developing and subject to crypto market changes.

Founders

Ultra was co-founded by David Hanson and Nicolas Gilot in 2017. Both have over 20 years of experience in the gaming industry. They met at an esports competition and decided to build Ultra together, combining their expertise in gaming and blockchain technology.

David Hanson has a background in founding major gaming companies and worked on a $100+ million game console project acquired by Xiaomi. Nicolas Gilot has successfully grown revenue for several video game and mobile app projects.

Together, they lead Ultra as co-CEOs, aiming to create a new blockchain-powered game distribution platform.

Investors in Ultra

Ultra has raised funding from several investors, including institutional and private investors. Notably:

• NOIA Capital led a $12 million funding round to support Ultra's growth and expansion.
• The project was incubated by experienced video game industry veterans, including co-founder David Hanson.
• Ultra has attracted interest from venture capital and private investors focused on blockchain and gaming sectors.
• The total fundraising amount reported is around $5 million in earlier rounds, with additional investments from strategic partners.

These investors support Ultra's mission to build a blockchain-based gaming platform that offers new opportunities for developers and players.

Halal Status of Ultra

• General Consensus: Ultra’s halal status is not explicitly listed in major halal crypto screening sources.
• Islamic Finance Principles: For a crypto token to be halal, it generally must avoid interest (riba), excessive uncertainty (gharar), and involvement in prohibited activities.
• Ultra’s Case: There is no clear, authoritative Islamic ruling publicly available that confirms Ultra as halal or haram.
• Recommendation: Muslims interested in Ultra should consult a qualified Islamic scholar for a personal ruling based on the token’s use, structure, and compliance with Shariah principles.

Short answer: No clear public ruling confirms Ultra as halal. It depends on individual scholarly interpretation and detailed analysis.