We have finally got some spare time to write down all the sparkling successes we’ve achieved so far (despite early disruption right after launch). This is what we’ve achieved so far in the past few days (it feels like ages, right?):
- We’ve hit $1 BLN+ Fully-Diluted Market Cap!
- Actual Market Cap $7 MLN (CMC will also update the Circulating Market Cap soon) you can check here for more accurate data: https://coinsniper.net/coin/12308,
- We’ve been surprised that we got listed onCEX’s that we didn’t apply or signed any agreement with, namely: ZT Exchange, LBank, HotBit,
- We achieved $10 MLN trading volume during the first 24h of launch,
- Listed on CoinmarketCap just a day after launch,
- We’ve got nearly 20.000 holders in the first few days,
- We hit our new ATH, $0,0062!! We had some ups and downs but overall the chart is looking healthy,
- We now have 78k members on our Telegram, 93k followers on Twitter, 26k followers on Facebook and 14k members on Discord and 1k followers on Reddit! This is all thanks to you,Ulti Arena community!
As explained before, the Fully-Diluted Market Cap doesn’t reflect the true potential of our project, this is because:
- 52% of the Total Supply (204 BLN) is actually reserved for Proof of Gaming — 106 BLN, our Play2Earn for non-blockchain games concept,
- Our team’s and advisors tokens are locked for 12 months and then unlocked 3% monthly (roughly 22 BLN),
- The Development / Marketing / Staking wallet will also be vested during 12 months,
- Reserves are — as the name suggests — will only be used as a backup for unforeseen events,
- Liquidity Fund will go towards listing on CEX’s or can be added as Reserves,
- Our VC’s are vested for over 8 months, and we’ll make sure they deliver value in terms of connections, partnerships and more. So not just benefitting from their early investments. Smart money is needed at the earliest stages of the project.
Here’s a reminder of how our Tokenomics looks like after burns:
Tokenomics after Burns:
The sniper bot event at launch
We had over 200 sniper bots blacklisted before and right after the launch. Unfortunately, 1 passed through our anti-bot measures. To understand what was happening, we would like to remind about the built-in features in the contract that prevent such events:
- We’ve set the maximum buy / sell limit to 5 MLN ULTI’s,
- Maximum holdings per wallet is 40 mln $ULTI’s,
- There’s a 5 minute cooldown between trades
Here’s also a short recap of what happened around the launch time:
- At 13:00 UTC on 12th September 2021 we seeded the LP tokens to PancakeSwap,
- We waited until 13:03 UTC to automatically blacklist front-running bots,
- At around 13:04 we’ve launched the trading,
- Now here’s the interesting thing: At 13:04:18 the 0x0538856b6d0383cde1709c6531b9a0437185462b bought 1,645,416 $ULTI’s. From the pattern and speed of the trade we’re confident it was done automatically / by software. The amount bought was well below the max buy/sell amount that we put into the contract limit,
- Because of the cooldown period, the next Sell transaction was around 6 minutes later, at 13:10:33 — for 1,547,293 $ULTI’s,
- This caused a sudden drop in price and also allowed the attacker to quickly cash out
You can check the whole event history here: https://bscscan.com/token/0x42bfe4a3e023f2c90aebffbd9b667599fa38514f?a=0x0538856b6d0383cde1709c6531b9a0437185462b
After looking into the historical traders of this Wallet, we found out that we’re not the first and the last target of the malicious trader. Here’s a full history of all the traders he/she’s been engaged in:
We put a lot of effort into ensuring our investors’ safety, we’ve done multiple steps such as:
- Three separate security audits that you can find here: https://www.certik.org/projects/ultiarena, https://solidity.finance/audits/Ulticoin/, https://github.com/TechRate/Smart-Contract-Audits/blob/main/UltiArena.pdf
- Anti-bot, anti-whale measures mentioned above,
- Cooldown period for trades,
- We launched the trade a few minutes after seeding Liquidity Pool to ensure that auto blacklist catches as many bots as possible
As such, we’re confident we have tried every single measure to prevent any attacks to the contract and the $ULTI Token price itself.
What’s coming ahead and why we’re super excited!
We’re strong believers in building great products that attract customers. Our philosophy is that the demand from the product will create a strong positive price pressure, not the spending on marketing to promote the coin itself. Building the right product-market fit is the only way to generate revenue which will be used for Buy back & Burn affecting positively on the price.
Here’s what’s coming ahead in the following months:
- Ulti Finance: Staking will be live in September 22
- Ulti Finance: Next up will be farming, ETA unknown.
- NFT Marketplace which can be traded only using $ULTI tokens, BETA release is scheduled for September 30.
- Full / production version of the NFT Marketplace will go live in October 15.
- Cointiger listing: September 30, BitMart listing: October 15.
- Start of Polygon NFT Marketplace integration by the End of October,
- December: Beta of Proof-of-Gaming — along with first tournament,
- Q1/2022: Beta of Ultimate Battle Arena
- Q2/2022: Full release of UBA along with BOV Token
And here’s a full list of ULTI token use cases as a reminder:
30% of all Ulti Arena’s revenue goes to Buy Back and Burn
At the center of the whole platform will be ULTI tokens. There will be multiple ways holders of ULTI tokens can benefit from Holding ULTI’s:
- Artists, Game Developers will earn through sale of NFT’s through the marketplace,
- 30% of total revenue of NFT Marketplace, Proof of Gaming and our Crypto Collectible Card Game will go to Buy Back and Burn ULTI’s,
- By participating in the community discussion boards, events, competitions, tournaments: Gamers, Artists and Game Developers will earn ULTI tokens.
6% tax — 2% burn, 2% reflection and 2% auto-LP
- CEX transactions will be whitelisted and as such, will have no taxes (meaning that trading on CoinTiger, BitMart etc. will be untaxed),
- For each buy/sell transaction on DEX — there will be “Reflection”: the 2% fee is subsequently distributed among all ULTI holders,
- The second component, 2% auto-LP is the fee that will be paid and then distributed to various liquidity pools on DEX’s (PancakeSwap, UniSwap, Quickswap among others),
- The third component — 2% is a token burn that occurs at the conclusion of each transaction.
Staking and Yield Farming
- $ULTI tokens can be staked for special NFT rewards,
- $ULTI’s can also be staked to get $ULTI’s — APR’s will depend on the period of Staking,
- Yield Farming includes staking ULTI-BNB to get NFT rewards or $ULTI’s,
- Access to exclusive collection for owners of at least 10,000 $ULTI Tokens,
- Option to highlight and promote assets, merch on NFT Marketplace will be available only to $ULTI token holders.
Access Proof of Gaming
- The only way to access Proof of Gaming is to buy access with $ULTI Tokens,
- For each game, in order to “unlock” it and start Play2Earn, players will need to buy access with $ULTI Tokens,
- There will be a possibility to trade in-game items with $ULTI tokens (such as skins etc.)
Access Ultimate Battle Arena (Our Own Game)
- ULTI tokens can be used to access and buy new card decks from our upcoming Crypto Collectible Card Game (CCCG),
- The only way to start playing Ultimate Battle Arena is through spending $ULTI’s to buy the new starting deck,
- All cards in UBA will be NFT’s — as such they’ll be traded on our NFT marketplace,
- Our NFT Marketplace will accept $ULTI’s as form of payment for NFT’s — so again, players will need ULTI’s to buy/sell the NFT cards on the marketplace
Discounts and Rewards
- Commission discount on each purchase and sale on our platform in return for holding $ULTI Tokens (special prices on Spaces feature: showcasing portfolio / build own Artists’ website in the SaaS model, on Collaboration features: getting comments on Artworks and more),
- Discounts on products and services when paying with $ULTI tokens
Thank you all for your early support and we’re excited to announce even more interesting news in upcoming months. Stay tuned for more!