ULTRA\’s goal is to provide a platform that is more user-friendly and efficient than traditional blockchains. ULTRA plans to achieve this by using a delegated Proof of Stake (DPoS) consensus algorithm. This algorithm allows transactions to be confirmed more quickly than traditional blockchains.
ULTRA also uses smart contracts, which allow users to exchange goods and services without the need for a third party. This provides users with more control over their data and lowers the risk of fraud.
The ULTRA blockchain also uses a unique process for transaction fees called the “transaction burn.” Users who initiate transactions will be required to utilize an existing coin or token (this can take place on ULTRA, Ethereum, or any other ERC-20 compatible token). This small fee is then burned (removed from circulation) which reduces total supply of available tokens.
Token Information: Name: UOS; Token type: ERC-20; ICO Token Price: 1 UOS = 0.0001 ETH; Fundraising Goal: 18000 ETH; Sold on pre-sale: unknown; Total Tokens: 10,000,000,000; Available for Token Sale: 40%.
ULTRA's MainNet went live on March 30th 2018. Its main features include a unique delegated proof of stake consensus algorithm and a wallet with support for hardware wallets such as Ledger Nano S or Trezor.
On April 3rd 2018 ULTRA announced that they will be hosting an AMA on their official Reddit page to answer any questions the community has about the current state of the project. This event is scheduled for Wednesday 9th April at 07:00AM CST.
UOS is currently available to purchase on several exchanges including TradeOgre and Cryptopia . More information regarding exchange listings will be released in the near future.
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