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RE: Blockchain and Gaming: Ultra disrupts the distribution monopoly

in #blockchain • 5 years ago

After seeing this post on trending from last two days in many steemit tags i decided to study this long informative post. Best of luck for Ulta hope it will get good market.
Of the point, Very similar gaming project called refereum (RFR) got crashed. I invested.

5 years ago in #blockchain by
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     5 years ago 

    I just glanced over Refereum and it has plenty of problems.

    Token Metrics:

    • Massive initial supply.
    • Poor unlock mechanism (most tokens are unlocked right now).
    • $80M initial valuation (LOL).
    • Most of its volume is in KRW; this cuts out liquidity for most of the world.

    Token Economy:

    • RFR serves the purpose of being an airdrop reward for tasks.

    In comparison, Ultra coins are part of every transaction. Even if a fiat transaction is made, the volume is converted to the platform's native currency.

    Product

    Refereum is just a glorified airdrop distribution platform. It just happens to issue airdrops for trying out games. In fact, based on their TG announcements, they offer growth access (through meaningless airdrops) to just about anyone who is willing to use their product.

    This has nothing to do with Ultra, which is, at its core, a game distribution platform.

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       5 years ago 

      Thank you. Even i know more about Referum than before investing. Another thing to share, They were sending airdrop tokens to MEW wallet & to withdraw them users need a small portation of ETH. So, We can say many small amounts (which can be big sum) cannot become a part of market trade.

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       5 years ago 

      I am not referring to airdrops they gave for their ICO. I am stating that their current product is just a glorified airdrop distribution network.

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       5 years ago 

      Yes you are alright. Their main point was to just cut off middle man advertising fee for developers but ULTRA on the other end provides many other plus points like gaming awareness and reward sharing system.
      16th July will be a great day for you.

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