Ulticoin – ICO Detailed Information

Nowadays, we are witnessing how esports and the crypto space are drawing closer to each other with every passing month. Different solutions are emerging like mushrooms after a summer rain - most of them are met with open hands by the global community of gamers.

ULTI Coin Upvalues the In-Game Items

ULTI is another blockchain project which strives to introduce something new to this space. The team of digital entrepreneurs and marketing specialists from Serbia has come up with an idea of creating an ERC-20 token named ULTI Coin that would serve as a bridge between the realm of gaming and real finance. Right now, the tokens can be purchased at the pre-sale event at a lucrative discount.

Exchanging virtual coins to real money

Those who have some experience in gaming know that the contemporary video games, especially the massively online multiplayer games (MMO), always feature an abundance of in-game virtual items and artifacts, such as gold, diamonds, armor, skins, tokens, stars, etc. Right up till now, these articles have been literally worthless, at least in the conventional sense of this word. However, they also represent an enormous market that has untapped potential. There are plenty of marketplaces where gamers can trade or exchange rare items or buy/sell used games. Still, the niche is very narrow, and it lacks the cross-game exchange capabilities, meaning that an artifact from one game can’t be traded for the one from a totally different game, let alone converted to hard currencies.

This is precisely the problem that ULTI wanted to address by creating an open-source platform based on the Ethereum blockchain and its trademark smart contracts. The access to smart contracts is granted through the ULTI’s own platform API, which employs the JSON-RPC protocol. 

The essence of the work of ULTI is simple: the player earns virtual tokens by playing his favorite game; he can then exchange these items for ULTI tokens on the platform; the acquired coin can then be converted to fiat (USD, EUR, GBP) on the digital exchanges which will list this cryptocurrency, or used to buy goods and artifacts from a totally different game.

The ULTI team

• Sinisa Milic. The founder and CEO. The team profile says that Milic is a long-term crypto enthusiast and a seasoned investor, who has worked as a higher executive at several companies. Although Milic’s professional profile indicates that before founding ULTI, he had been working for eight years at the packaging company Flexopack.   
• Sergej Belavin. The co-founder and head of PR. Belavin claims to be a mining expert, though he holds a degree in physiotherapy. Nonetheless, he has extensive experience in the field of IT as he has worked for the Malta IT Blockchain Solutions.     

ICO details

The pre-sale of ULTI Coins is now live, with the end date established on December 1. The pre-ICO price of 1 ULTI is $0.12, which constitutes a 50% discount off the ICO price of the token. The softcap was established at $2.16 million, which is roughly 18 million ULTI Coins. Reportedly, ULTI has already raised over $400 thousand. The project accepts BTC, ETH, USD, and EUR. With no list of restricted areas, all investors can participate in the token sale, though they must pass KYC first.

Author: Alex Paulson for Crypto-Rating.com