Convert UOS to TWD

Ultra (UOS) is a leading blockchain platform specifically designed for the gaming industry, aiming to revolutionise how games are distributed, played, and monetised by providing a decentralised ecosystem for developers and players alike.

Key takeaways

• Ultra is a Layer 1 blockchain built on the EOSIO technology stack, offering high throughput and zero transaction fees for users.
• The platform features a built-in game distribution store, NFT marketplace, and streaming capabilities, creating a comprehensive gaming hub.
• UOS is the native utility token used for staking, governance, transaction fees, and purchasing digital assets within the Ultra ecosystem.
• The project is led by a team with deep experience in the gaming and technology sectors, including former Ubisoft executives.
• UOS can be traded on major exchanges like BTCC, offering both spot and perpetual contract trading options for Canadian investors.

What is Ultra? Key Specifications & Tokenomics

Ultra is a decentralised blockchain platform that functions as a complete ecosystem for the gaming industry, integrating a game distribution store, NFT marketplace, and streaming services into a single, user-friendly interface. It is designed to empower game developers by providing them with direct access to their audience, reducing the dominance of traditional centralised platforms like Steam and Epic Games Store.

The tokenomics of UOS are designed to support a vibrant and sustainable gaming economy. The total supply is not capped, with new tokens being minted primarily as rewards for block producers and stakers. This inflationary model is carefully managed to incentivise network security and participation. The platform also implements a fee structure where transaction fees are paid in UOS but are then redistributed to block producers, effectively making the network feel free for end-users.

Who created Ultra (UOS)?

Ultra was founded by a team of experienced entrepreneurs and gaming industry veterans. The project was conceived by David Hanson and Nicolas Gilot, both of whom previously held senior positions at Ubisoft, one of the world's largest video game companies. David Hanson served as the Chief Business Officer at Ubisoft, while Nicolas Gilot was the Chief Marketing Officer. Their deep understanding of the gaming industry's challenges, particularly around distribution, monetisation, and player ownership, directly inspired the creation of Ultra.

The project is developed and maintained by Ultra Technologies, a company registered in the United Kingdom. The team has grown to include experts in blockchain development, game design, and business strategy. The project has also attracted significant investment from prominent venture capital firms and strategic partners, including Animoca Brands, a leader in blockchain gaming and NFTs, and BTC Inc., the parent company of Bitcoin Magazine. This strong backing has provided Ultra with the resources needed to build a robust and scalable platform.

How does Ultra (UOS) work?

Ultra operates on a custom-built blockchain that is a fork of the EOSIO protocol, a highly scalable and flexible blockchain architecture. This choice provides Ultra with several key technical advantages. The network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, where UOS token holders vote for a set of block producers (BPs) who are responsible for validating transactions and maintaining the network. This system allows for extremely fast transaction speeds, with the network capable of processing up to 10,000 transactions per second, and zero transaction fees for end-users, a critical feature for a gaming platform.

The platform's core functionality is built around several integrated components:

• Ultra Games Store: A decentralised game distribution platform where developers can publish their games directly to players, bypassing traditional gatekeepers. Smart contracts handle revenue sharing and royalty payments automatically.
• Ultra NFT Marketplace: A built-in marketplace for trading in-game assets, skins, and other digital collectibles as NFTs. These NFTs are fully owned by players and can be traded freely.
• Ultra Wallet: A non-custodial wallet integrated directly into the platform, allowing users to manage their UOS tokens, NFTs, and other digital assets seamlessly.
• Ultra Staking: UOS holders can stake their tokens to help secure the network and earn rewards. Staking also grants users voting rights to elect block producers.

What makes Ultra (UOS) unique and valuable?

Ultra's primary value proposition lies in its comprehensive, all-in-one approach to the gaming industry. Unlike many other blockchain gaming projects that focus on a single aspect, such as NFTs or in-game currencies, Ultra provides a complete ecosystem. This integration creates a seamless experience for both developers and players, reducing friction and lowering the barrier to entry for blockchain-based gaming.

Key unique features include:

• Zero Transaction Fees for Users: This is a game-changer for mass adoption. Players can buy, sell, and trade NFTs without worrying about gas fees, making the platform accessible to casual gamers.
• Built-in Streaming and Social Features: Ultra integrates live streaming and social networking directly into the platform, allowing players to watch, share, and interact with games and other players without leaving the ecosystem.
• Developer-Friendly Environment: The platform offers a suite of tools for developers, including a Software Development Kit (SDK) that simplifies the process of integrating blockchain features into their games. Smart contracts are written in C++, a language familiar to many game developers.
• True Digital Ownership: Players have full ownership of their in-game assets as NFTs, which can be traded on the open market. This creates a player-driven economy where value is generated and retained by the community.

What is Ultra (UOS) used for?

The UOS token is the lifeblood of the Ultra ecosystem, serving multiple critical functions that drive its utility and value. Its primary uses include:

• Transaction Fees: While end-users pay zero fees, developers and platform services pay transaction fees in UOS to execute smart contracts and perform other network operations.
• Staking and Governance: UOS holders can stake their tokens to become a "Guardian" and earn rewards. Staking also grants voting rights, allowing the community to elect block producers and participate in key governance decisions that shape the future of the platform.
• Payment Method: UOS is used as the primary currency for purchasing games, in-game items, and NFTs on the Ultra Games Store and NFT marketplace.
• Developer Rewards: Game developers receive UOS tokens as rewards for publishing and promoting their games on the platform, incentivising high-quality content creation.
• Block Producer Rewards: Block producers who secure the network are rewarded with newly minted UOS tokens, ensuring the network remains secure and operational.

How to buy UOS Coin?

UOS is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC Exchange for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair UOS/USDT or the perpetual contract UOSUSDT.
4. Place an Order: Enter the amount of UOS you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.