What is Ultiledger (ULT)?
ULT is the native token of Ultiledger, which is a blockchain-based financial platform. ULT is used to settle all economic operations, as well as to create and maintain all partnerships. Ultiledger's design philosophy aims to leverage a financial incentive mechanism to build a public blockchain ecosystem that is quick, low-cost, efficient, safe, and dependable for large-scale everyday business demands.
In essence, Ultiledger allows companies to develop trust at a cheap cost and create a distributed finance accounting platform with corporate security. To enable zero-cost transaction settlements, as well as improved security, speed, and capital, it uses the concept of main chain and subchains.
You can view the current Ultiledger price, supply, market cap, and trade volume on the above charts.
Use Cases of ULT Tokens
As the unit of exchange for everything in the Ultiledger ecosystem, including other tokens, ULT could be compared to "gold" in the digital world. Overall, as the core of Ultiledger's economic ideology, ULT serves as a unit of account, a medium of trade, a standard of deferred payment, and a store of value.
Make sure to check the latest ULT price changes on the Ultiledger price chart above.
Who Founded Ultiledger?
Randolf Liang, Tommy Xu, Tao Zuo, and Eric Gao are the founding members of the Ultiledger crypto project.
Randolf Liang is also the founder of Ripplefox, the biggest XRP and XLM gateway. In addition to more than 10 years of experience in IT development, he also holds top management positions at prominent institutions like the Wanxiang Blockchain Lab and Asia Pacific of State Street Bank.
Tommy Xu, COO of Ultiledger, has years of experience as an independent entrepreneur, PE/VC investor, and a prominent member of the China Merchants Bank. In addition to expertise in management, finance, and market development, he’s also a co-founder of the Win-Win Chain Information Technology company.
Tao Zuo serves as the Chief Scientist of Ultiledger. Prior to Ultiledger, he worked as the managing director of the Hong Kong Stock Exchange and the general manager of the Hong Kong Stock Exchange Technology Corporation located in mainland China.
Eric Gao is the CEO of Ultiledger with more than 10 years of experience at prominent companies, including Ping An Securities and First Venture JP Morgan Chase Securities. Thanks to extensive knowledge and experience in the field of investment, Gao has managed investment projects with +100 billion yuan in value. Prior to Ultiledger, he held senior management positions at top securities institutions like the Anhui Province Mintou Microfinance Co., Ltd.
Tokenomics of ULT
There's no max supply set for ULT tokens. However, in terms of the initial supply distribution, Ultiledger holds the largest share (48.44%) of the total ULT tokens available. Moreover, 38.91% of the ULT coins were released to circulation, while the remaining 12.65% were claimed as “frozen” tokens that are neither held by the platform nor circulated. Of course, with time, these figures could considerably change as the supply is not fixed.
If you intend to buy ULT, it’s best to review the latest Ultiledger price changes to see if the benefit is worth the cost.
