What Is Ulti Arena (ULTI)?
Ulti Arena (ULTI) is a community-driven NFT marketplace for gaming artists, developers, freelancers, and professionals. The platform envisions empowering artists and helping game developers connect better. As its whitepaper describes, the global gaming market is booming. Contributing to the increasing popularity of multi-player video games and e-sports is the constantly evolving technology, play-to-earn business models, rise in the adoption of browser games, and more. Ulti Arena seeks to prioritize the core players in the gaming industry like creators, game developers, and artists. Game makers drive creativity and upgrade the playing platforms to generate more revenue. Ulti Arena intends to create a comprehensive platform allowing game developers and artists to trade NFT game assets and showcase their creations seamlessly.
With Ulti Arena, game makers, artists, and developers can accomplish the following:
Display artworks, resources, assets in 2D/3D, tutorials, and more
Launch assets on NFT marketplace to induce more revenues
Create websites and structured portfolio of assets using the right tools
Interaction and networking with other game developers, companies, and future projects
Secure platform to receive cryptocurrency payments in exchange for trading NFTs and merchandise.
Ulti Arena enables game developers to make passive earnings by creating more games for the Ulti metaverse. The platform implements a Proof-of-Gaming (PoG) consensus mechanism to maximize the adoption of Ulti Arena. As per the algorithm, the more the games played, the higher the probability of winning additional crypto tokens as rewards. Its whitepaper cites that PoG stands out as an energy-efficient Proof-of-Work (PoW) alternative while combining gaming and blockchain technology. Ulti Arena features gaming analytics encouraging gamers to become familiar with their speed, reaction time, movement, and strategies.
The platform utilizes ULTI as the official token of Ulti Arena. ULTI is primarily a BEP-20 token released on the Binance Smart Chain (BSC). Further, Ulti Arena wishes to upgrade ULTI as the ultimate coin of the crypto gaming community. Users can utilize ULTI tokens to increase the platform's liquidity and trading capacity.
Thirty percent of the revenue generated on every successful trade in an NFT marketplace is burned and reserved as buybacks. Burning refers to the removal of crypto coins from circulation. The coins are tossed away in unknown wallet addresses while making it impossible to recover. The platform gathers ULTI in special prize pools and bounties to attract more developers and artists to join Ulti Arena. The native ULTI tokens act as valuable means of exchange in the NFT marketplace. Users can stake the tokens to earn higher rewards.
Ulti Arena supports community mining and seeks to reward a strong community for holding the ULTI tokens longer. The platform rewards users in competitions, tournaments, and discussion boards for participation. Users can yield farm ULTI tokens to generate higher profits and rewards. ULTI token functions as a governance token too. All token holders enjoy the power to vote and decide on allocating funds for various charity organizations.
History of Ulti Arena (ULTI):
Duke is the CEO of Ulti Arena. The maximum supply of Ulti Arena tokens is 250,000,000,000 ULTI.
