HomeCoinsUltra (UOS)A Guide to Ultra’s Token Swap. After the successful launch of the…...

A Guide to Ultra’s Token Swap. After the successful launch of the… | by Nada | Ultra | Jul, 2021

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What do I need to do now?

Download the wallet-only client now! You’ll be able to create your own Ultra account, reserve your username, access your wallet (referral link and wallet ID), and swap your tokens.

Do I have to swap my tokens?

No, you currently don’t need to swap your tokens. We designed our native chain to provide users and developers with an experience that aligns with Ultra’s fundamental goals. However, we know Ethereum is a popular public chain and has its advantages so we’ve bridged the two ecosystems through a bi-directional token swap function. This allows users and developers the choice to swap tokens with the convenience to do this quickly and easily.

I have a lot of UOS tokens, should I swap my tokens now?

We recommend token holders to wait until we finish Ledger hardware wallet integration.

Our “easy blockchain account” (EBA) protocol, the software-based secret key recovery mechanism that doesn’t require a Ledger, will receive a security improvement update in the coming months and will make its usage extremely safe. Until then, we recommend users to not hold large amounts of tokens on the mainnet.

Are exchanges supporting the swap?

Users who hold tokens on a partner exchange don’t need to manually perform token swaps as your exchange will do all of that for you. We’ll keep you the community updated on when each partner exchange will do this.

What are the token swap parameters and fees?

Currently, you can swap a minimum of 50 UOS per token swap transaction. Swaps from Ethereum to Ultra are free besides the GAS fee so we advise you to have -0.01ETH available for it. There are no GAS fees when swapping from Ultra’s Mainnet to Ethereum but you’ll incur a 0.25% swap fee.

How do I view transactions on the Ultra blockchain?

All transactions relating to the token swap are stored on the Ultra asset chain. You can view all transactions on our block explorer.

What does having access to the wallet-only client mean?

The wallet-only client is technically the real Ultra client but it comes with limited app access. Anyone using Windows can download the client here, create an account, and gain access to an Ultra Wallet. This means you’ll have your own unique referral link that you can share with your friends and will be able to swap your tokens. You won’t need to ever make another Ultra account or download another version of the Ultra client, it’ll automatically update when other apps, such as Ultra Games and the NFT Marketplace, become available to the public.

Can I see how many people have used my referral code?

Currently, you won’t be able to see how many people have signed up using your referral link. This will be added to the Ultra Wallet section in an upcoming client patch.

What are our official communication channels?

Website: https://ultra.io/

Telegram announcement channel: https://t.me/Ultra_ann

Telegram channel: https://t.me/ultra_io

Twitter: https://twitter.com/ultra_io

Facebook: https://www.facebook.com/gaming/ultra.platform

LinkedIn: https://www.linkedin.com/company/ultracorp

YouTube: https://www.youtube.com/channel/UCkYmCuZkV0ogKGj5l7IV1eA

Discord: /discord.gg/em9GJmD3tN

Ultra Client live status page: https://ultra.freshstatus.io/





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