Ultra (UOS)

Gaming and Digital Content

Ultra is a blockchain-based platform that lets users buy, sell, and trade video games and in-game items using UOS tokens. It supports game downloads, streaming, and reselling used games and items, creating a new way for gamers to earn money and interact with games.

Developer Tools and Ecosystem

Ultra provides game developers with business and marketing tools, referral bonuses, and rewards programs to help them grow. Developers can also use Ultra’s platform to build and operate their own game distribution or virtual goods trading services.

Token Utility

UOS tokens are used for all transactions on the Ultra platform, including purchasing games, virtual items, and advertising services. Users can earn tokens by participating in the ecosystem, watching ads, or mining through partnerships. The tokens can also be used in partner shops beyond the platform.

Blockchain Features

Ultra runs on a custom EOS-based blockchain with fast, fee-free transactions. It supports Ethereum Virtual Machine (EVM) compatibility and uses NFTs to represent in-game items, allowing cross-game use and trading.

Mobile Access

Ultra offers a mobile app called Ultra Go, enabling players to participate, earn, and manage their gaming activities on the go.

Community and Rewards

Users can earn rewards like free games, exclusive content, and swag by holding or using UOS tokens, encouraging active participation in the Ultra ecosystem.

Benefits

Ultra allows players to immediately play games, earn UOS tokens by using the platform, and access exclusive games. Developers gain from better marketing tools and can potentially increase sales revenue by 20%. The platform supports game publishing, advertising, and resale of used games. Ultra also offers a mobile app, Ultra Go, for earning and participating on the go. UOS tokens can be used to buy games, virtual items, and ads, and are accepted in many partner shops. The platform supports gasless transactions and a non-custodial wallet integrated into games, giving users control over their earnings. Ultra’s blockchain is fast and supports Ethereum-based apps, with NFTs that work across games. The ecosystem encourages user and developer engagement, which can increase token demand.

Drawbacks

Ultra’s token price has experienced declines and underperformed compared to the broader crypto market recently. The market for Ultra is relatively small, so large holders can influence price movements. Adoption and success depend on user growth and ecosystem expansion, which face competition from other blockchain gaming projects and traditional platforms. Some users may find it challenging to buy or store UOS tokens securely. The platform’s reliance on blockchain technology means it is subject to general crypto market trends and investor sentiment.

Founders

Ultra was founded in 2017 by David Hanson and Nicolas Gilot. Both have nearly 20 years of experience in the gaming industry and have worked on major projects, including a $100+ million game console project and successful video game and mobile app ventures.

Background

David Hanson was an early Bitcoin adopter and was inspired by blockchain technology to improve the gaming industry. Nicolas Gilot has a strong track record in growing revenues for gaming and app projects. They met at an Esports competition and decided to build Ultra to create a fairer gaming ecosystem using blockchain.

Roles

David Hanson and Nicolas Gilot serve as co-CEOs of Ultra, leading the company and its mission to revolutionize game distribution through blockchain technology.

Lead Investor and Funding

Ultra's lead investor is NOIA Capital. The project has undergone venture funding rounds, though specific total funding amounts are not publicly detailed.

Investor Profile

Ultra attracts a mix of gaming industry veterans and crypto investors interested in the intersection of gaming and blockchain technology. Its team includes experienced professionals with backgrounds in major gaming companies.

Institutional and High-Net-Worth Interest

While not specific to Ultra alone, the crypto market sees growing interest from ultra high-net-worth individuals and family offices, often facilitated by services like Binance Prestige, which cater to wealthy crypto investors seeking tailored support.

Community and Partnerships

Ultra has formed significant partnerships within the crypto space, which help bring mainstream users and investors into its ecosystem, supporting the token's demand and growth potential.

Halal Status of Ultra

• Ultra's halal status is not explicitly listed in the provided information.
• General guidance from Islamic finance sources states that a cryptocurrency is halal if the project itself complies with Islamic principles, such as avoiding riba (interest), gambling, and excessive uncertainty.
• Since Ultra is not specifically mentioned in halal or haram lists, its permissibility depends on whether it meets these criteria.
• Therefore, without specific screening or certification, a definitive yes or no cannot be given based on the available data.