HomeCoinsUltra (UOS)Ultra Mainnet is live!. From an idea to an ecosystem | by...

Ultra Mainnet is live!. From an idea to an ecosystem | by Anthony Papavassiliou | Ultra | Jun, 2021

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Ultra’s blockchain brings gamers these exciting changes and more! With Ultra, you get the opportunity to monetize your gameplay, trade your games and in-game assets, and be rewarded for participating in beta tests and watching live streams. Not only that but you’ll also be rewarded for bringing other users to the platform through our multi-level referral program and our content promoter program.

The referral program is made up of two levels: You’ll receive 2% revenue from all games and DLCs purchased by the person you referred to the Ultra platform. If that user refers other people, you’ll receive an additional 1% for all games and DLCs purchased by that second person. More details on how to start using the referral program will be shared in the coming weeks!

With Ultra’s Mainnet launched, we’ve reached an inflection point in the history of the project. This event represents the evolution of our concepts and ideas into something that we hope will have a far-reaching impact on the entire industry. We’re ready to make a big splash.

Our unique proposition is based on the concept that a user of our network, be it a player, influencer, or developer, should have an experience on it that is as transparent as possible. With this in mind, we focused on producing features that solve well-known pain points with currently deployed networks.

An example of one of the worst offenders that exist in today’s market is having to pay exorbitant network fees for transactions. We’ve done away with this for 99% of use cases. Transactions on Ultra are free and virtually instant. When the network is saturated, a user’s transactions go into a queue that intelligently orders by priority, with the users who staked the most UOS coins getting pushed to the front of the queue.

In our Testnet benchmarks, this mechanism has proven to be utterly efficient and allows our network to scale well beyond 12,000 transactions per second.

Easy blockchain accounts are another excellent improvement. Users don’t have to manually manage keypairs if they do not want to, which allows us to ensure that we dramatically reduce the incidents of lost assets and accounts. We’ll be delving into this incredibly powerful protocol feature in a dedicated article.

As part of our toolset, Ultra has built an on-chain oracle for UOS to USD conversions, which we use internally for things like NFT marketplace pricing or Block Producer rewards. This allows us to provide a fair, consistent payment mechanism that will ensure the long-term success of the network, and a path for quickly improving the deployed infrastructure so that we can scale as the platform grows.

Of course, our platform is focused on NFTs, and Ultra has spent a considerable amount of time and effort fine-tuning our new NFT standard. It has many unique features that enable developers to provide new and exciting opportunities for players and those that are interested in the monetization of digital assets on our gaming platform. With this standard, we’ll be deploying NFT marketplaces for games and other assets that run on the public Mainnet and are seamlessly integrated within a holistic Ultra experience.

Finally, we’re happy to announce that with the launch of the Mainnet we’ll be providing our users with a set of features that allow for seamless, bi-directional token swaps between Ethereum and our Mainnet. This means that you can take advantage of our new platform and still have access to liquidity in decentralized markets like Uniswap.

We’re truly excited for this launch as it is the culmination of years of research and development. We can’t wait for you all to use it! We’ll be publishing a dedicated article to help smart contract developers around the world develop and publish applications within the Ultra ecosystem.



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