Ultiledger – News

The ULT Foundation has carried out a market purchase action since 2020, and feedback to the community with practical actions. In 2020, a total of 24 million ULTs were repurchased, which played a very good role.

At the suggestion of community members, the foundation decided to continue the repurchase, launch a quarterly repurchase plan in 2021, and conduct a round of market repurchase every quarter. And withdraw the repurchased ULT from market circulation. At present, 3 million ULTs have been purchased in the first quarter and will continue to be purchased.

The 2020 repurchase address is: 0x71a840e027b2fc5f05977e0734de6a39a35cd61d

The repurchase address for 2021 is: 0xb089487019369C3F6f25A5680567c30F88612021

Currently, the first two phases of ULT’s market operations have been over-completed. The original plan to purchase 10 million ULTs, the actual purchase of 12 million ULTs. As the digital currency market is exceeding expectations, and the price of ULT is at a low level. The foundation decided to temporarily add an extra phase of market purchase action.

The market purchase plan is from December 2 to December 31, and there are no target restrictions, depending on market conditions. We believe it will also exceed expectations.

The purchased ULT address is the same as the first address:

0x71a840e027b2fc5f05977e0734de6a39a35cd61d

The lock-up period is extended to 2025 and used for market incentives after the expiry.

Currently, the second market operation of ULT has been completed. The original plan to purchase 5 million ULTs, the actual purchase of 7 million ULTs. Among them, 2.8 million were purchased directly from previous investors, 1.8 million were purchased from the exchange, 1.32 million were purchased from the CellETF flash swap platform (the new platform this time), and 1.08 million were purchased from the Ripplefox gateway. The purchase address is: 0x71a840e027b2fc5f05977e0734de6a39a35cd61d, the whole process is open and transparent.

This purchase exceeded expectations because the market price was lower than expected, and the foundation’s quantitative investment income exceeded expectations (mainly due to the rise of Ripple and Stellar). The foundation will decide in the near future whether to add another new purchase plan in December to give back to the community with practical actions.

The two phases of purchases in 2020 are as of November 27, 2020, and a total of 12 million ULTs have been purchased.

Recently, a centralized exchange has experienced a thunderstorm and cannot withdraw coins. Many investors are very worried about the safety of their assets and start to consider decentralized trading methods again. The CellETF flash swap launched by Ultiledger’s strategic partner Cell Network is a decentralized trading system that can be technically comparable to Uniswap. Above, it is very convenient and safe to exchange assets on the Ethereum chain.

This joint event is a promotion of the flash exchange platform, and it is a kind of welfare. Users only need to deposit the designated token assets and provide liquidity for the product’s fund pool to obtain income. It is also known as “liquid mining”. During the event, users can get an airdrop of 30% of eCell tokens annually.

Ultiledger users can get airdrops by adding liquidity to eCell-ULT trade pair. Users only need to exchange for eCell with the flash exchange function, and then put it into the fund pool together with other ULTs to participate. To participate in the activity, you can use imtoken wallet, enter the previous cooperation link in the browse page or search for the DApp of CellETF.

For more event information, please refer to CellETF’s event description:

https://mp.weixin.qq.com/s/mf9EM8GBOiR1blHmJnbEOw