Defi ( decentralized finance) came into existence around the year 2017 which was shortly after
the creation of the Ethereum blockchain. Since then its growth has been exponential with
contributions from different countries as well as esteemed leaders and has since then played an
important part in reshaping the financial world,
Unarguably it was created to decentralize financial activities and allow individuals to control
their finances. Although , it may sound perfect as a result of its known superb asset preservation
mechanisms, wonderful technology craft, excellent processing speed, and low cost does not offer
a friendly environment for its users, an important part of acceptability and continuity. Although
so many projects came into existence but failed to focus on the existing problem thereby creating
unnecessary complexity for users. This and many others led to the creation of Ultron.
Benefits And Features Of Ultron
Banks since their creation have maintained an unchanged working system for years. It's rigid,
time-consuming, not cost-effective, obsolete working systems, too many protocols to pass
through when performing transactions and since it's largely dependent on human power it’s
prone to human errors resulting in unnecessary, unwanted constraints and limitations.
This system of operation is believed to be accompanied by low-interest rates that are incapable
of maintaining the real worth of the invested assets due to economic problems such as
continuous inflation. provides the world with a link between this obsolete working system (
centralized ) and decentralized solutions. This way out is cost-effective, simple, and generates
massive gain, and a massive inflow of holders whilst eradicating risk due to its unique protocol
which empowers the Ultron L1 blockchain to deliver high throughput. This was wonderfully
crafted from the maximum use of crypto projects that are developer-friendly blockchain, secure,
cheap with great potential, and this was accompanied by the implementation of a unique
crowdfunding solution known as the Staking hub NFT.
It’s important to note that the innovation didn’t come into existence to create a different thing
from what the world already knows, it only offers a bridge connecting two different things.
“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete. (Buckminster
Fuller)”.
Users are not saddled with the responsibility to learn or unlearn what they have learned, and pick
up new skills or tools to use this brilliant creation; this is solely because Ultron blockchain fully
supports all existing crypto wallets, this type of block chain design doesn’t require permission, it
is open to anyone to operate a validator node and participate in acquiring the network, and be
rewarded for such participation. It offers a full smart contract via a programming language
known as solidity and also with full compatibility with web 3 API, EVM empowering each
developer to migrate into their Ethereum-based smart contract to the blockchain in minutes.
This innovation also aims to introduce every quarter a new decentralized product and this might
include NFT Marketplace, Nft auto compounding staking hub, an initial decentralized exchange
offering (IDO) launchpad, decentralized exchange (Dex), Lending-Borrowing Portal, an
Algorithmic Stable Coin, virtual Lottery Platform, and a Metaverse president game. This
initiative is aimed at equipping the project with a digital wallet for the ULX (Ultron coin) and
also monitoring the emission supply of the tokenomic and all the transactions that will take place
on the ULX chain
Features Of Ultron
The state of the art provides it with the ability and privilege for it to successfully tackle the
blockchain Trilemma and at the same time provide a great speed of transaction, security, and
magnificent scalability. In addition, the blockchain design is believed to make full of the proof of
stake protocol and asynchronous Byzantine fault-tolerant consensus mechanism.
One of the major features of this technology is that it allows solidity which gives room for every
developer to add their quota to the project no matter the level of their exposure giving the state of
the art of Ultron the ability to be an Ethereum virtual machine (EVM) and make use of Ethereum
dApps easily without any form of hindrances.
A crucial advantage of Ultron is its ability to do away with central control that can make entries
difficult or totally prevent entries. Although this system of operation is peculiar to the traditional
system of banks thereby making it slow and cumbersome.
Deflationary pressure is expected to be created on its ecosystem and a rise in the demand of ULX
due to a significant percentage of money raised through the traditional dApps invested into the
foundation to reobtain and burn ULX coin. This is also an indication that the project will thrive
and improve tokenomic incentives.
The catch all for ultron
Ultron coin (ULX) is a token for securing the network through the proof of stake system and also
to support the system of network fees and to keep the ecosystem at full speed. Although the
growth of token will be controlled by both the use of blockchain and by the growth of native or
traditional dApps. It operates on a protocol built in a way that transaction fees, smart contract
interactions are monitored by ULX although thousands of transactions can be performed which
still doesn’t make it less efficient.
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