After reporting on the Ultima Farm, I received some questions about the UltimaFarm. I take this as an opportunity to compile the most frequently asked questions here and provide an answer catalog. Of course, I am always happy to receive suggestions. If you have a question that is not answered, use the comment field at the end of the article to submit your question.
Questions about UltimaFarm
Although the UltimaFarm is a new product line, it draws on experience with the PLCU Farm, which is the previous model. So many points are already clarified in advance. Many questions are also clarified when reading the other articles about the UltimaFarm.
Is UltimaFarm safe?
As a decentralized blockchain solution, the Ultima Farm is inherently secure. Through smart contracts, you can transparently see the upcoming yields. The UltimaFarm dashboard enforces 2-factor authentication to ensure a high level of security.
However, keep in mind that by using the UltimaFarm, you are relying on the Ultima Token, which, like any other crypto token, is subject to fluctuations. The technology is secure. But to take advantage of the opportunities in crypto, you must also be willing to tolerate these fluctuations. The project has done everything with the Responsibility Indicator to reduce these fluctuations to a healthy level.
Ultimafarm – is it legit?
With an almost 7-year-old company behind it that has established itself in the crypto market, this question is easily answered. With voluntary compliance measures such as KYCs, the company has always proven that they want to operate cleanly in the market. The team and founder Alex Reinhardt have a good reputation, although some do not understand the company’s sales model and therefore portray it as questionable. The growth of the projects is driven by network marketing, and in my opinion, this is one of the strengths of the ecosystem, as targeted growth can only happen with a strong sales-force.
Is UltimaFarm a scam?
In crypto, as in network marketing, 99% of companies die within 3-5 years. This is often inadequate planning or lack of distribution, especially in crypto. In network marketing, regulators usually shut down illicit companies within 3 years. The Platinworld is beyond this critical phase, so it can be assumed that the business practices are clean. Even if not every plan always works out, you can see that the management is always striving to find a good solution for all parties involved.
The distribution channel, network marketing, has been a legitimate business for 50 years and is a growing industry. However, not everyone knows this. If you need more information, I recommend reading my article on network marketing and fraud.
What is the Ultima Farm price / How much does an Ultima Farm package cost?
The price for using the Ultima Farm varies depending on your needs. The smallest Ultima Farm package costs 110€, and there are hardly any limits upwards. Please note that with the Ultima Farm package, you are buying an empty farm. You then fill it up to the Max Load. You can find the exact package sizes and the current Max Load in your account after registering for free.
What is an Ultima Minter?
Ultima Minter is a synonym for the Ultima Farm. The production process of the coins in the farm is based on Minting – a modified form of Staking. Since the word Minting was more commonly used for farms in the past, older community members also refer to the Ultima Farm as Ultima Minter.
What is UltimaFarming?
UltimaFarming is the process of generating new Ultima in the Ultima Farm by purchasing an Ultima Farm package, filling it with Ultima, and receiving the newly created tokens over 12 months.
How does the UltimaFarm work?
For you as a customer, the farm is very easy to purchase and fill with just a few clicks. You can find a detailed guide on how to buy the Ultima Farm here. Technically, the UltimaFarm is based on Proof of Stake, which is an environmentally friendly alternative to Proof of Work. You freeze tokens in the farm for a set period of time. As a reward, the blockchain produces additional tokens for you. Of course, the amount of tokens issued is defined and included in the calculations for the development of Ultima.
Where can I buy the UltimaFarm?
The Ultima Farm is only available on the website www.ultimafarm.com. After registering, you can see the current conditions and the current state of your Ultima Farm in your account. I have also written a detailed guide on how to buy the Ultima Farm to support you.
Questions about the Ultima Token
The Ultima Token is an important core element of the Ultima Farm. Therefore, there is naturally a lot to know about it, even if you don’t necessarily need to know all the technical details to use it. You also use Wi-Fi without being able to build it yourself 😉
What is Ultima?
An Ultima is a unit of the Ultima Token. As the main token of the Platinworld ecosystem, Ultima is the primary currency in all projects there. As the exchange token of the ULTIMEX Exchange, traders receive discounts on their fees by holding Ultima. After an initial issue of 20,000 Ultima, the only way to produce new Ultima is by using an Ultima Farm.
On which blockchain is Ultima and the UltimaFarm based?
Ultima is the first token on the Smart Blockchain, whose main coin is SMART. This chain is also a brainchild of Platinworld but can also develop beyond that. As a decentralized, EVM-capable chain, any crypto project can basically connect to the chain and use its advantages. This brings additional stability, regardless of the network marketing.
Is Ultima a coin or a token?
Ultima is a token. A coin is a token with its own blockchain. The Ultima lives on the Smart Blockchain of the Smart Coin. This means that for every Ultima transaction, you use Smart to pay the transaction fees.
When will Ultima rise?
No one can accurately predict when the price of a token will rise or fall as this is subject to supply and demand. Generally speaking, however, it can be assumed that as a token’s usage increases, so does its value. More people hold the token in their wallet, exchange account, or freeze it for some benefits. This reduces the number of tokens in the market, and this scarcity ultimately leads to increased price formation. A novelty in the crypto market with Ultima is that the produced tokens are regulated and slowed down by the so-called Responsibility Indicator when the price falls below certain limits.
Is Ultima safe?
To assess the technical security of a token, audits by experienced and trustworthy companies are required. The project is committed to delivering these as quickly as possible. Because the Ultima is being created by an experienced team with good blockchain engineers and good intentions, there is an additional safety net as any security gaps can be closed quickly.
Experience with Platinworld has shown that all products have been delivered cleanly so far, so I expect the same for the Ultima Token.
How much is an Ultima worth?
Ultima starts at 10 cents on 7th of April, 2023. Once listed on Coingecko or Coinmarketcap, I will link the current price here.
How does Ultima work?
The function of Ultima is to be used or frozen for benefits, discounts, or cashback. To increase your Ultima, you can use an Ultima Farm. Initially, there will be user-friendly mobile wallets from Platinworld. Later, the classic wallets of the crypto world will also be added.
How good is Ultima?
If you want to know the future, look to the past. The PLCU started at 10 cents in December 2022 and shot up to $113,000 within 6 months. Then the price fell due to calculative problems, which were identified and solved with Ultima. Ultima starts with the same conditions but with a larger community, more demand, and a clean calculation. You can learn more about this in my Ultima Farm review.
Where can I buy Ultima? Where is Ultima traded? Where is Ultima listed?
Ultima will be listed on Coinsbit.io on March 30. Shortly thereafter, it will also be available on the ULTIMEX Exchange, where it is the primary exchange token. I will announce or list further exchange listings here in my blog at the appropriate time.
How many Ultima Coins are there?
At the beginning, only 20,000 Ultima will be issued. All other tokens will be produced exclusively through the Ultima Farm. Calculatively, the maximum number is 11,000,000 Ultima, with many components of the Platinworld ecosystem burning Ultima, so the final number will be much smaller.
Any questions about the Ultima Farm?
I hope this overview has helped you better understand the Ultima Farm. If you have any further questions on the topic, please feel free to leave me a comment with your question about the Ultima Farm.
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