UOS Ultra

Ultra Overview

Ultra is an entertainment platform that integrates gaming and content distribution, leveraging blockchain technology to revolutionize the gaming industry.

Key Features

• Instant Game Access: Ultra allows users to play games within minutes of purchasing them, thanks to its advanced software downloading technology that streams games directly to computers.
• Earning Opportunities: Users can earn Ultra's native token, UOS, through various activities such as beta testing, watching advertisements, and game curation.
• Community Engagement: Users can participate in a community that offers earning opportunities through referrals and the resale of used games.
• Developer Benefits: Developers can look forward to effective marketing tools and a potential 20% boost in sales revenue, along with features like the resale of used games and a platform-exclusive app.

Token Usage

• UOS Token: UOS is the native token of the Ultra platform, used for all transactions including game purchases, digital goods, and services. It also facilitates loyalty programs, beta testing, bug reporting, and advertising within the ecosystem.
• Token Economy: The UOS token is central to Ultra's ecosystem, enabling instant nano-payments, transaction transparency, and proof of ownership, which are vital for creating a more user-centric economy.

Partnerships and Growth

• Strategic Partnerships: Ultra has formed partnerships with key brands in the gaming and web3 space, including AMD, Ubisoft, BNB Chain, Skybound, and Plug In Digital, to deliver content and promote Ultra to millions of gamers globally.
• Long-term Growth: Ultra allocates 5% of all its game sales profits to a "game development and acquisition war chest," which is locked for two years and later used to acquire new exclusive games and services, focusing on long-term growth.

Blockchain Foundation

• EOS Blockchain: Ultra is built on EOS, a blockchain that focuses on high-speed transactions and big user throughput without transaction fees, accommodating thousands of applications without congestion.
• Inter-blockchain Communication: EOS was chosen for its flexibility, which allows for freezing and fixing broken smart contracts, and its inter-blockchain communication capabilities.

Pros of Ultra

• Faster Payouts: Developers on the Ultra platform benefit from faster payouts, which can be up to 21% more than what they would earn on traditional platforms. This allows them to reinvest their earnings quickly into game launch marketing.
• Efficient Content Distribution: Ultra's progressive software downloading technology enables players to start playing games within minutes of purchase, without waiting for the full download. This enhances the user experience by reducing wait times.
• Robust Ad Technology: The platform offers a robust ad system that serves billions of ads daily, providing developers with efficient promotion tools and allowing users to earn Ultra Coins by opting into the ad revenue share program.
• User-Centric Economy: Ultra's use of blockchain technology ensures instant nano-payments, transaction transparency, and proof of ownership, creating a more user-centric economy.
• Competitive Gaming: Ultra Arena adds a competitive element to the gaming experience, allowing developers and organizers to host tournaments for Ultra Games, where players can compete for Ultra Coins.

Cons of Ultra

• Market Volatility: The price of Ultra can be influenced by external market factors, including trends in the broader cryptocurrency market, investor sentiment, and technological advancements within the blockchain sector.
• Dependence on Partnerships: The value of Ultra can be impacted by partnerships, platform updates, and overall industry growth. If these factors are not favorable, it could negatively affect the token's price.
• Tokenomics Revision: The current tokenomics of Ultra is outdated and scheduled for revision in the second quarter of 2024, which could introduce uncertainty and potential changes to the token's dynamics.
• Limited Adoption: The success of Ultra depends on its adoption by game developers and players. If the platform fails to attract a significant user base, it could limit the demand for Ultra tokens.
• Technical Challenges: As with any blockchain-based platform, Ultra may face technical challenges, such as scalability issues or security vulnerabilities, which could impact its performance and user trust.

Founders of Ultra

The founders of Ultra are Nicolas Gilot and David Hanson. They co-founded the company in 2017, bringing extensive experience in the gaming industry and a deep understanding of blockchain technology. Both Gilot and Hanson have a strong background in creating and managing gaming ventures, including a PC games studio and a large-scale Chinese games console project with AMD.

Investors in Ultra

The specific investors in Ultra are not detailed in the provided sources. However, the project has raised funds through various rounds:

• Seed Round: Raised $3.28M at a valuation of $63M.
• Private 1 Round: Raised $2.8M at a valuation of $71M.
• Private 2 Round: Raised $300K at a valuation of $77M.
• Public Round: Raised $5M at a valuation of $50M.

For more detailed information on the investors, it is recommended to visit the official Ultra website or consult specific investor reports.

Halal Status of Ultra

No, the halal status of Ultra is not definitively established. The permissibility of cryptocurrencies in Islamic finance is a complex and subjective matter, dependent on individual evaluation and adherence to Islamic finance principles. Key factors include whether the currency is backed by a physical asset, its use for speculative purposes versus actual goods and services, and compliance with Islamic banking and finance principles.

Key Considerations

• Legitimacy and Project Screening: Ensuring the crypto-asset is a genuine project and not a scam, and that the project itself is Shariah compliant.
• Financials and Token Screening: Ensuring the financial criteria for Shariah compliance are met, particularly if it is an equity-based token, and understanding the Shariah compliance of the token and staking mechanism.
• Speculation and Uncertainty: Avoiding excessive speculation and uncertainty, which are akin to gambling and are forbidden in Islam.
• Riba and Ethical Concerns: Ensuring the absence of usury (riba) and ethical issues such as money laundering or financing for illicit purposes.

Conclusion

Given these considerations, the halal status of Ultra would depend on a detailed analysis of its project, financials, and operational mechanisms against Islamic finance principles. Without specific information on Ultra, it cannot be definitively classified as halal.