This is going to be short post as it there is quite a lot of hype out there at the moment as to what this is.
First what it isn’t –
- It is not on EOS
There is no ICO, Airdrop or Airgrab
Tokens are not intended to be investments
Tokens are not intended to be listed on exchanges.
Now what it is –
- A game distribution service similar to Steam and the various play stores
It is on a FORK of EOS. It is their own blockchain based on EOS called Ultra protocol.
Tokens are used within game ecosystem.
You earn tokens for reviewing games playing betas etc
A lot cheaper for developers. Steam, Playstore etc charge 30% commission on all sales. Ultra plans to charge 15%
Provide tools to port games from Steam, Playstation, Xbox, etc.
There are other game distribution platforms being set up but what makes this one interesting is that it is going to be using EOS tech although it is not actually on the EOS blockchain.
The team is pretty good too. For example the CTO is the former CTO of Dell. Plow through the list and you will have heard of a lot of the companies they worked for Barring the founders who were at a Chinese game distributors. Based in Paris/France and Tallinn/Estonia.
The closed beta is due to start this quarter which is probably why there is a buzz starting. If you want to get involved and earn some Ultra coins it is probably a good idea to subscribe to the newsletter.