ULTIMA (ULTIMA) Tokenomics

The ULTIMA token is the core of an ecosystem designed for financial transactions, cryptocurrency management, and utility-driven applications. Its tokenomics are structured around a deflationary model with a strictly limited supply, utilizing a unique minting process based on freezing tokens via smart contracts.

Issuance Mechanism

The issuance mechanism for ULTIMA is deflationary and capped, relying on a minting process rather than traditional mining:

• Limited Supply: The total supply of ULTIMA tokens is permanently capped at 100,000 tokens.
• Minting Process: New tokens are generated through a process called "minting" facilitated by smart contracts within the Ultima Farm application.
  • Users participate by freezing their ULTIMA tokens for a fixed period.
  • Minting is facilitated by Farming Units, which operate over a period of three years.
• Deflationary Controls: The supply is actively managed through scheduled halving events and token burns. Daily token distribution is projected to decline, reaching a rate of one token per day by 2028.
• Consensus Mechanism: The underlying technology, the Smart Blockchain, uses a Delegated Proof of Stake (DPoS) consensus mechanism.

Allocation Mechanism

While a detailed, percentage-based breakdown of the total 100,000 token supply allocation (e.g., for team, investors, community) is not available, the rewards generated through the minting process are allocated as follows:

Usage and Incentive Mechanism

The ULTIMA token is a utility-driven asset integrated across a broad ecosystem, with incentives primarily focused on encouraging long-term holding and ecosystem participation through freezing:

• Core Utility: ULTIMA is used for payments, crowdfunding, and e-commerce within the ecosystem.
• Ecosystem Integration: The token is central to several platforms, including:
  • Ultima Card: A crypto debit card for transactions in over 100 countries.
  • Ultima Travel Club: A platform offering discounts on travel services.
  • ULTIMEX Exchange: A cryptocurrency exchange for trading ULTIMA and other assets.
  • Ultima Store: A marketplace for buying and selling goods.
  • Crowdfunding Platforms: Used for both charity and startup funding initiatives.
  • Freezing Games: A platform offering incentives like vouchers for freezing tokens.
• Incentive Mechanism (Minting Rewards): Participants who freeze ULTIMA tokens via the Ultima Farm application earn rewards over a fixed period. Rewards are also proportionally distributed to SPLIT token holders in liquidity pools.
• Benefits for Holders: Users are incentivized to hold and trade the token to benefit from its growth strategy, send and receive instant cross-border transactions, and use the Ultima Debit Card.

Locking Mechanism and Unlocking Time

The primary mechanism for earning new tokens involves locking, or "freezing," ULTIMA tokens:

• Locking Mechanism (Freezing): Users must freeze ULTIMA tokens in their Farm Wallet by entering into a smart contract via the Ultima Farm application. This action secures the minting process.
• Locking Duration: The minting process is facilitated by Farming Units that operate over three years. However, the minting itself occurs monthly over a period of 12 to 24 months.
• Unlocking Time: Coins are minted to the user's wallet every month in equal amounts throughout the operating term of the smart contract (12 to 24 months). This means the rewards are released gradually over the contract period.