Ultra

Ultra

Protocol

Average rating : VERY HIGH

Ultra is bringing the blockchain revolution to the gaming industry and creating a fair ecosystem for the future of games distribution

Private-sale: ENDED NO INFO
Pre-sale: 01 Oct - 31 Oct ENDED
Crowd-sale: ENDED - ... ENDED

Raised: 5,000,000 of 5,000,000USD ( 100%)

token metrics
Ticker: UOS Available for token sale: 100000000
Token type: ERC20 Private-sale/pre-sale token price: /
Accepts: BTC, ETH, EOS, USD Private-sale/pre-sale bonus: no info/ no info
Prototype: Pre-sale min/max personal cap: 100000USD
Team: 30+ persons Crowd-sale token price: 0.1 USD
Team residence: Crowd-sale min/max personal cap: TBA /
Company residence: Estonia Cant participate: USA, China

experts opinionopen all

Ultra mission is to build a first-class PC game publishing platform and ecosystem that puts an end to the current distribution monopoly by providing new opportunities to game developers, players, and influencers. Сurrently the project is on closed Beta. Team had experience with such companies as Google, Unity, Microsoft, Apple, Dell, Ubisoft and others. CTO is former CTO of DELL. 

IEO on Tokinex (Bitfinex) 16th of July

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Ultra’s product is already in development since quite a while and their closed test-net is running, but as of now none of this has been made public, unfortunately – you can, however, sign up for a closed beta test. The goal is to create a broad ecosystem that will battle with game distribution platforms such as Steam and GOG for a market share of gamers and developers. We like Ultra’s proposition here to take a much fairer cut than its competitors while simultaneously allowing a much wider range of features such as the reselling of games, the trading of items, and many more.

The project aims to do so by offering a hybrid solution of being partly centralized and partly decentralized. Ultra constructed a protocol that will allow the onboarding of users that are not crypto savvy in order to attract a mass market. They want to develop an ecosystem in which users basically don’t need to interact with the underlying UOS currency despite it is being used for all the products and services on the platform. The construction of the UOS ecosystem is fairly complex but is meant to be in a work in a way that increasing usage of the platform equals an increase in token price. We are curious to see if this indeed will work out in the end.

Ultra’s business model is really comprehensive and offers various channels meant to create cash flow based on advertisements, game sale revenue shares, cryptocurrency conversion fees, and more. They are in possession of an existing business that is already serving a substantial amount of people with advertisements and crucial partnerships with well-known gaming corporations have been achieved already or are really close to being. Bitfinex for example officially invested and partnered with Ultra out of which we can assume that Ultra is going to list on Bitfinex, this is however not bulletproof.

The team as well as the advisory board are strong and have expertise within the gaming industry which gives us confidence. Furthermore, the team have been very transparent on all fronts and have changed the metrics massively since last year so that it suits all investors and stakeholders. Overall, Ultra is promising and offers a business model that can potentially disrupt current competitors in the space.

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IEO on Bitfinex.. the token metrics are not well designed, considering the exchange volumes of Bitfinex. IEO is a pass for me

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Overall, we like the idea of the project and its almost completed product that might break the current game distribution monopoly. Ultra creates a revolutionary blockchain-based ecosystem for games distribution with various game-related 3rd party services. 

The team consists of all-star executives and prominent advisors. The team is experienced in product and business development, marketing, tech, and after all gaming industry, that is very important for further growth.

The product has almost done and we saw it’s beta that looks impressive. Further loud partnerships and more game-developers involved in the platform will increase its potential and position on the market.

Tokenomics looks solid, lock-up and vesting terms for seed/private are reasonable. Moreover, the token price for seed/private rounds is higher than IEO token price. The only concern is Ethfinex exchange that is pretty new and does not have a significant customer base and volumes. Hope the token will be listed on other exchanges (a significant amount of funds and tokens is allocated for exchanges).

The hype around of project and it’s awareness increases fast. We are waiting for IEO and the project further progress.

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Yesterday I had a private demo for the project Ultra, a gaming marketplace with similar functionalities than Steam but using blockchain and nonfungible tokens (They forked EOS).

From a technical point of view, the project was satisfying, though, I couldn’t verify precisely the actual status of the development as I couldn’t interact with the website (built with React), but from an interface point of view, it looked really pretty much complete.

Regarding the human side, the team is quite good with a couple of top profiles on team and advisors with past experience on the gaming industry and a successful exit on a prior gaming publisher company. 

That said, the hardcap they are collecting (a bit more than 11 million USD for seed private and public) is too large for actual market context and the fact they are using Bitfinex as an exchange for their IEO made me step back as an investor. Bitfinex is an exchange with most users that trade on margin, and are not really there to buy new altcoins. With actual characteristics is a pass for me.

While this project is above average on tech and team, marketplaces are generally speaking risky bets, particularly when they have huge companies controlling the industry (like Steam), the chances to succeed are not huge. Not financial advice, do your own research.

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Ultra is a blockchain-based game distribution platform aiming to break the market monopoly.

Ultra has tons more amazing features that we will cover in future pics and our G Report. But even now we can assume that it is one of the best projects we ever saw and we can give them a 5 out 5 rating with no doubts.

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Ultra

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