An Overview of Unicorn Ultra — The Hashgraph and ZKPs Combine Ecosystem for DApp Development
Instead of following risky trends or unproven practicality use cases, Unicorn Ultra focuses on constructing a robust and versatile platform for dApp development to serve a decentralized future. This project highlights lies in the Venture Builder model that maximizes the power of the community.
This article will clarify the operation mechanism and outstanding features of Unicorn Ultra, the governance model based on the effectiveness of the soulbound tokens model, and detailed information about U2U Tokenomic.
Define
Unicorn Ultra is a project based on the Venture Builder (VB) model, an area increasingly proven to be a better cradle for startups. The appearance of Unicorn Ultra will promote the integration of the VB model with blockchain to become a trend.
Unicorn Ultra develops a robust and versatile platform to attract builders and help them to build their projects on-chain. It provides the support tools and initial resources for them to perfect products with the best core quality before reaching users. Depending on some criteria, the potential projects will serve the future decentralized economy and aim to become global tech unicorns.
In parallel with developing the technical core and attracting project builders, the project also builds an active interactive governance model. It leverages the power of the community, thereby forming an ecosystem with a decentralized economy drive-on by the community.
The Unicorn Ultra highlights
The Unicorn Ultra’s developers describe this project like the railway, with the infrastructure being the U2U Chain. Project builders will create a train car one by one using this rail and operative on the U2U Chain. However, builders just need to focus developed the core technology of each project; the others task, such as marketing, branding, and business strategy, will be provided by Unicorn Ultra resources and partners.
By integrating the VB model, Unicorn Ultra creates the Digital Cradle not only to incubate, accelerate, and grant funds but also to provide the initial resources with the critical goal of motivating startups, increasing the opportunity of being the global tech unicorns.
To do that, Unicorn Ultra will construct a decentralized community ecosystem where builders, developers, creators, and enthusiasts can all participate by holding U2U Tokens — the native tokens of the platform. This is to fundraising from the community to supplement and expand the capital scale, thereby granting for other projects built in U2U Chain.
By holding U2U Tokens, holders can propose and vote for potential and suitable projects; then, the community will evaluate and make funding decisions. Unicorn Ultra’s operation by the philosophy of believing in the community’s strength ensures every ecosystem member has a voice in important decisions.
The Unicorn Ultra’s products
In the early phase, Unicorn Ultra’s team developed some major products, such as the U2U Wallet, the U2U Swap, the U2U Bridge, and the U2U Academy.
The U2U Chain
U2U Chain is the core of the ecosystem and is comprehensive support for performance-optimized Ethereum Virtual Machine (EVM) smart contracts. The U2U Chain distributed ledger project is a groundbreaking initiative that combines the Hashgraph consensus algorithm with Zero-Knowledge Proofs (ZKPs) and the Interledger Protocol (ILP), uses Virtual Voting and the “Gossip about Gossip” Protocol. By leveraging the strengths of these technologies, U2U Chain aims to address the limitations of existing distributed ledger systems and provide a highly scalable, secure, and efficient infrastructure for various use cases while saving energy and reducing emissions.
The most significant plus point of the U2U chain is a robust codebase that ensures scalability and reliability at its network infrastructure’s following layers (built-in the future). This function addresses concerns about the chain’s stability and sustainability if too many projects are built on top of it. Learn more.
The U2U Wallet
U2U Wallet is a decentralized, multi-sign, and non-custodial wallet that securely stores cryptocurrencies and digital assets.
Not only possessing advanced security algorithms, but U2U Wallet is cross-chain compatible and integrates U2U Dapp Store, where to explore Web3 tools, track and trade all popular cryptocurrencies, DeFi, NFT, and Gamefi. Learn more.
The U2U Swap
U2U Swap is an Automated Market Making Protocol (AMM) and Decentralized Exchange (DEX) developed based on U2U Chain that helps builders and users swap tokens between projects in the U2U ecosystem and with projects in other ecosystems safely and quickly. Learn more.
The U2U Bridge
The U2U bridge is a Cross-chain bridge that allows the transfer of crypto assets, tokens, or data from one blockchain to another, including layer-1, layer-2, sidechain, and child chain. The outstanding of this dApp are low fees and fast transfer speed. Learn more.
The U2U Academy
U2U Academy is an online education platform with a system of lectures designed in video format, providing diverse knowledge in blockchain, economics, and technology. With an intuitive interface, AI integration is personalized based on the user’s browsing history and preferences. Learn more.
Unicorn Ultra tokenomic
Unicorn Ultra is built based on the Venture Builder model, so that has two types of tokens. First is the native token of the platform — the U2U Tokens; next is U2S — the STO token assigned exclusively for venture investment.
What is the U2U tokens?
U2U tokens power the decentralized economy of the entire Unicorn Ultra ecosystem and are the catalyst that drives all operations on-chain smoothly.
Holding the U2U tokens gives the holder some primary benefits relating to the on-chain operating activities. In there, the U2U tokens have some significant use cases, such as:
- Proposing and voting for project management decisions.
- Use as gas fees for transactions in applications and projects on Unicorn Ultra’s product ecosystem in the future.
- Staking and expanding ecosystem liquidity
- Used as a reward for miners and users
The mainnet of Unicorn Ultra expects to launch in Q3 2023; before this milestone, the U2U tokens had only been given by airdrop via private events as well as for initial investors those who join the STO. In addition, it’s also used as a reward for users who find bugs on the network in the testnet phase.
The project’s tokens
Depending on each project built on the U2U Chain, its tokens will be released in certain stages. The tokens holder will enjoy a profit based on the value of the project.
The STO token
U2S is a Security Token issued through U2Venture — an initial fundraising platform — to create an investor venture in the U2U Foundation. By joining U2Venture and STO, investors will receive U2S tokens as shares in the ecosystem, thereby having premium rights to influence important decisions, such as the development direction of projects, the right to evaluate and approve projects, funding approval decisions, and the profit from all network operations.
The STO fundraising takes place before the mainnet, so U2S has a limited supply, and the price of each token will change after each sale. The STO is a legally recognized form with a clear regulatory framework in many of the countries it is present. In order to get all the information for STO events, please click here.
Unicorn Ultra tokenomic allocate
Conclusion
As posed at the beginning, Unicorn Ultra is toward a comprehensive platform ecosystem for decentralized applications development that motivates for a future served by web3 and the next technologies. To actualize this, the U2U development team will continuously bring new updates to perfect the protocol, operating mechanism, and community activities to develop the most robust and outstanding ecosystem.
About Unicorn Ultra
Unicorn Ultra is a project based on the Venture Builder (VB) model, an area increasingly proven to be a better cradle for startups. The appearance of Unicorn Ultra will promote the integration of the VB model with blockchain to become a trend.
Unicorn Ultra develops a robust and versatile platform to attract builders and help them to build their projects on-chain. It provides the support tools and initial resources for them to perfect products with the best core quality before reaching users. Depending on some criteria, the potential projects will serve the future decentralized economy and aim to become global tech unicorns.
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