Hey All,
This post was long time due from my side and I guess time has come that I talk about the same in todays post regarding my investment in the #ULTRA token which is a second layer token here on the HIVE Blockchain. Before I get any further, let me tell you that this is the most expensive token if I recall correctly here on HIVE. And just have a look at its token economics which is as follows::
Token Supply of #ULTRA tokens
- Max Supply: 2,000 ULTRA
- Circulating Supply: 100 ULTRA
Yes only 2K ULTRA token will be minted and if you are not aware then let me tell you about its presale price which was 100 #HIVE for ONE #ULTRA token. Yes you heard it right the price was 100 #HIVE no mistakes here and hence my investment here is 3K HIVE which got me 30 #ULTRA tokens. And here is the snapshot taken my from hive-engine wallet showcasing my ownership of these 30 #ULTRA gem tokens which will share the revenue and would act as an another passive income stream for me here on the HIVE Blockchain.
Does all this sound interesting to you and you would like to know more about this project? Then checkout the presale post from ULTRA Token Update – Get Yours Before Sales Close . But let me tell you that the presale was a successful one and all the 100 #ULTRA tokens was sold out with the majority tokens almost 62 of them was bought by the user @vihan and at one staged it looked like he would BUY all 100 presale ULTRA tokens. Check out the RICH List for the ULTRA tokens
I am at the second position with 30 tokens and rest we have another 4 lucky users who had a chance to grab the remaining tokens. Now coming to the interesting part which is the Key details::
- There is a lock-in period of 6 months which means revenue share will kick in after 6 months only for the people holding #hodl ULTRA tokens
- Buy back guarantee after 6 months i.e. the team will buy back the token at the same price which was offered at presale i.e. 100 #HIVE - why would one sell when they are getting the revenue stream? That's a separate story so lets not mix it up here for now
- The most interesting part is this - Next Token Price Cycle (after 6 months) will be determined by
- Current Token Price + Revenue APR OR
- Previous Cycle Token Price × 2
So it will be interesting to see the next cycle of token price and if its 2x then folks who have bought at the initial presale will already be making 2x profit. How good would it be? Lets hope for the best and I am pretty confident that the project owner @theguruasia will take all the right steps to ensure this project's success. In my next post I will talk about the revenue stream earned so far and just to be clear right now its looking good where were are almost there with an earning of 500 #HIVE which makes the #ULTRA token price already 105 and there is more months to go. Ok this should be it for todays post on my - "Investment in ULTRA token - Bought 30 Tokens for 3K #HIVE - My Strategy Ahead.." Happy Investing... cheers
Have Your Say on #ULTRA token...
Did you know about this token ULTRA? Are you invested in #ULTRA token? HODL Vs SELL? Would love to hear your thoughts around it in the comment box below?
Investment in ULTRA token - Bought 30 Tokens for 3K #HIVE - My Strategy Ahead..
#ultra #hiveengine #investment #trade #passive #crypto #passiveincome #hive #revenue #revenusharing
Best Regards
Image Courtesy:: ultra, hive-engine
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..