UltraStake
Presale starts in roughly 2 hours from now (FCFS gas war).
Listing will happen immediately after presale ends.
Countdown:
https://www.timeanddate.com/countdown/launch?iso=20201129T14&p0=%3A&msg=UltraStake+Public+Sale&font=sanserif&csz=1☝️ Summary
UltraStake is a deflationary staking platform heavily incentivising holding and discouraging selling, promoting positive price movement.
Every outgoing (non-buy/stake) transaction incurs a 5% deduction:
- 3% distributed proportionately amongst stakers
- 2% burned forever, reducing supply
In addition to this, stakers earn a tribute equal to 1% of their ULTRA daily paid out from the locked repository.
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💰 Tokenomics
Total supply: 10,000,000 $ULTRA
13.5% Presale (Private & public rounds)
13.5% Liquidity & Exchange listings
65% Tribute Repository
5% Marketing and Development
3% Team Funds (Locked for 6 weeks)
Private sale - 7,500 ULTRA per ETH
Public sale - 6,500 ULTRA per ETH
Listing - 5,750 ULTRA per ETH
ULTRA token contract: 0x447909B398020b4a5A9dBDF3c2cdDace3998d0da
ULTRA deployer: 0xd7c96ddbc2c52fff75100eadf47528df160557a6
Marketing/dev wallet: 0xec5af8c0775a2599c7726d50824fc01b3d279023
Team wallet: 0x6089f0a52a0dbd55906da7ceeda052aa0b76f6a0
Matrix Pool Private sale address (CLOSED): 0x55159ccb02ae4c20d9a4963e30c6e176c51767ca
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🌕
Wen moon?
- Private sale was oversubscribed by 5x, indicating that there should be significant buy pressure during presale and listing.
- Ultrastake's Telegram group currently sits at only around 500+ members, so there is still lots of room to grow
- There is apparently a lot of marketing planned post-launch
- Upon listing, private/presalers would only be in profit by 1.13x to 1.30x, so there should not be too much sell pressure right away
- Private sale distribution seems pretty healthy; Individual max cap was 10 ETH, but the largest private sale contributions came from 2 wallets, at 5 ETH each:
https://etherscan.io/txs?a=0x55159ccb02ae4c20d9a4963e30c6e176c51767ca- The ULTRA token mechanics also incentivise holding/staking and discourage selling
- Staking rewards are quite attractive while being rather sustainable. Depending on how listing goes, I might take some profit and stake the rest.
- Lots of Chinese degens in the UltraStake TG = bullish. Also there is a Japanese whale/shiller I've seen in the chat.
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🌚
Wen rug?
Overall I think this is a pretty safe bet.
- Private sale was facilitated by The Matrix Pool, and Neo usually researches projects quite thoroughly.
- There has been an audit done by Sherlock (https://sherlocksecurity.io).
- The team delayed launch so that an audit could be done first.
- I have DMed the founder a bit and talked casually. No bad vibes.
To provide a balanced review, here are the only red flags that I could find during my research:
- Mailing list form on their website does not work, and presale countdown on the site was never updated. (Team is probably busy and this is low priority)
- There have been some inconsistencies in the tokenomics information provided on their website and TG. (
https://t.me/ultrastake/1529,
https://t.me/ultrastake/1533. Probably just human error, or the numbers were in flux during the planning phase)
- Team is anon (99% of DeFi projects are anon)
Here is the token contract address if you wish to review the contract code:
https://etherscan.io/address/0x447909B398020b4a5A9dBDF3c2cdDace3998d0da#code—
🔗 Links
Telegram:
https://t.me/ultrastakeAnnouncements: https://t.me/ultrastakeannWebsite: https://ultrastake.digitalAudit: t.ly/mrKk
GitHub: https://github.com/UltraStakePresale Countdown: https://www.timeanddate.com/countdown/launch?iso=20201129T14&p0=%3A&msg=UltraStake+Public+Sale&font=sanserif&csz=1