ICO Project Ulticoin (ULTI)
Tokensale Start: 13/11/2018
Tokensale Finish: 13/09/2019
Ulticoin is a platform where users can exchange earned in-game currencies for real money. Users can convert their rewards into ULTI tokens. The project development team allows you to implement games to increase the number of users.
Business Model Overview Ulticoin (ULTI)
1. The validity of income
The project will receive income from the provision of services on the platform, commission and concluded partnership agreements. The project will withdraw a fee for conducting transactions on the platform. The creators of the project are considering business partnership opportunities, both with large and small companies. Game developers will receive a percentage of the amount of in-game currency that users want to convert from their games using our platform. The amount of deductions depends on the contract that is signed between the platform and the gaming company.
2. Number of currencies accepted
The number of accepted currencies includes 4 liquid currencies: BTC, ETH, USD, EUR.
3. Token emission
In the project there is a limited number of tokens. A total of 225,000,000 ULTI tokens will be released (p. 13 White Paper).
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 50%.
In the technological map provided, the project objectives are indicated until the end of 2019 (p. 15 White Paper). After the ICO, the developers will allocate funds as follows: 50% - “Project Development”, 28% - “Marketing”, 10% - “Security”, 5% - “Infrastructure”, 2% - “Unforeseen Expenses”, 5% - "Legal expenses".
6. SOFT CAP / HARD CAP Ratio
The project has a bad SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 2,160,000 and $ 33,834,375, respectively.
7. MVP availability
The project has developed MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token-holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD