The mission of PLC Ultima

PLC Ultima is a cryptocurrency created using blockchain technology to solve the problems of online payments. The goal of PLCU is to make sure that everyone can easily use cryptocurrency and not only buy anything and anywhere for PLCU but also independently mine PLCU coins on their smartphone.

Coins belong solely to the user. Therefore, it is free to mine, spend, transfer, store, inherit your coins and perform other transactions cheaply, quickly, and safely.

In the PLCU cryptosystem, through the development and implementation of new technologies, the gaps and shortcomings in the concepts of bitcoin and other coins are considered and corrected. At the same time, PLCU does not compete with other coins in the existing market but creates their market and already occupy a leading position.

PLC Ultima strives to become one of the leaders in the market of cryptocurrency payments, namely in the segment of mass payment means. Coin PLCU was initially conceived in such a way as to be most suitable for use as an everyday means of payment. Although some market participants offer to pay for goods and services with bitcoins, this currency is mainly used as a marketing tool rather than an actual payment method. As a result, more than 90% of all Bitcoin transactions occur within the market's speculation framework.

Also, PLC Ultima intends to become a major entry point for fiat currencies. Fast transaction periods and low volatility risks will apply. PLCU cryptocurrency is instant transactions from anywhere in the world without intermediaries, round-the-clock work in real-time, security and security of the system, independence, complete anonymity, and free conversion of PLCU into fiat funds and other coins. Customers and merchants will benefit from comprehensive payment mechanisms such as debit cards, ATMs, etc.

 History PLC Ultima

In 2016, PLC Ultima was founded in Switzerland as an innovative startup. The project was developed by a team of crypto experts with many years of experience.

Today PLC Ultima is a group of companies from Switzerland, Germany, Austria, UAE, and Hong Kong. Each of these countries is known for its stability, security, developed legal system, openness to innovation, and commitment to developing effective global solutions.

The idea to create a blockchain that would solve the problems of those already existing on the market came to the creators in 2016, and in 2017 it became a reality. In 2018, a unique blockchain was launched based on deflationary coinbase transactions.

To date, after 6 years, the company has several hundred people, and the community of users exceeds 1.5 million people.

PLC Ultima founder Alex Reinhardt was one of the first blockchain innovators. Alex Reinhardt is a serial entrepreneur, venture investor, and business development expert. He graduated from the Faculty of Economics of Humboldt University in Berlin.

He has more than 10 years of practical experience in the startup and venture capital industry. Within 1.5 years, he created several businesses worth tens of millions of dollars and an international community that unites more than one and a half million people worldwide. The largest publication, The Entrepreneur, included Alex in the top 10 most influential people in the crypto industry. The Entrepreneur is one of the world's most famous and influential business media outlets, published since 1979. The Entrepreneur writes about marketing, business, entrepreneurship, sales, and finance. About 15 million people visit the publication's website monthly - this is comparable to giants of the media industry like Forbes, Inc., and Bloomberg.

Blockchain-based Solutions of PLC Ultima

The PLC Ultima blockchain is based on the Litecoin blockchain. Both blockchains are characterized by network stability, transparency, and high transaction processing speed. Furthermore, both blockchains support the Segregated Witness protocol update.

Basic network parameters:

Max Supply: 11 000 000 PLCU

Consensus method: proof of work with regulated complexity (recalculation of complexity every 2016 blocks)

Block size: 4 MB

Frequency: 1 unit every 1.5 minutes

Hash function: CryptoNight algorithm

PLC Ultima's developers have expanded the functionality of the Litecoin blockchain and extended its application scope. PLC Ultima's blockchain is based on the CryptoNight hashing algorithm. The team implemented a fairer distribution of remuneration among participants using minting backed by smart contracts. In addition, this solution was tested for vulnerability to all types of attacks, including network splitting, hacking attempts, blockchain falsification, critical space attacks, etc.

The Litecoin-based ecosystem of the PLC Ultima blockchain requires mining to perform transactions. However, the developers of PLC Ultima noticed that traditional mining is inefficient, and the mining industry has suffered the most from the fall in the capitalization of the crypto economy. In addition, mining equipment consumes as much electricity as the whole country needs, which harms the environmental situation in the world.

In general, mining involves only a small amount of electricity and the purchase of equipment. Also, the development team has added the ability for users to engage in minting, where the network ensures reward returns without a lottery.

 Blockchain PLC Ultima and decentralization

One of the most important advantages of blockchain technology is its decentralization. According to the PLC Ultima team, complete decentralization is a crucial factor in the effective implementation of blockchain technology for use by businesses, individuals, educational institutions, governments, non-profit organizations, etc.

Traditionally, finance has been centralized, with banks controlling customers' assets, including their personal data and assets. Cryptocurrencies, such as Bitcoin, offer an alternative to centralized facilities for issuing and storing funds that are decentralized and transparent. Decentralized systems are necessary because they allow ownership without permission, while anyone can use and build the platform according to their desire and vision. Furthermore, decisions are made by consensus: transactions are approved by a group of nodes, not by a single node.

Network members make decisions on transactions, vote for changes to the code, and participate in the development of the network. So, to confirm a particular transaction, more than 51% of all nodes must recognize this transaction as genuine.

As a result, blockchain technology has another significant advantage - the ability to achieve trust between parties that do not know or trust one another. With blockchain decentralization, coin holders are guaranteed that their funds will not be controlled by one person or group. There is no need to trust another person, since the risk is not placed on a single central organization.

What cryptocurrency problems does PLC Ultima solve?

Problem: Slow transaction speeds are a problem for many cryptocurrencies

Solution: Blockchain PLC Ultimacozdan is based on the Litecoin blockchain, which allows it to provide high-speed transaction processing.

Problem: unstable exchange rate

Solution: thanks to a clear growth strategy, the exchange rate PLCU remains stable even during bear markets. The growth strategy includes a set of measures to strengthen the exchange rate: constant burning of coins, deflationary mechanisms, the continuous growth of the community, and the use of PLCU as a gas.

Problem: Most cryptocurrencies are difficult for a user without a technical background

Solution: more than half of users PLCU - newbiescryptocurrency market. One of the team's PLCU goals is to make applications as simple and easy to use as possible. As a result, users receive detailed instructions as well as an easy-to-use interface for working with products. PLC Ultima offers a 7-day a week support service that provides prompt assistance in five languages.

PLC Ultima Value Growth Strategy

Even at the stage of the idea of creating the project, the PLC Ultima team thought out a strategy for the constant growth of the coin. This strategy allows you to maintain liquidity and exchange rate stability even during bear markets.

The strategy includes four areas:

1. Burning coins

Due to regular coin burns, the number of available PLCUs on the market is constantly decreasing.

2. Using deflation mechanisms

In addition to the targeted burning of large amounts of coins, commissions are constantly burning during transactions on the network. The size of burning coins is 1-3%. This supports the deflationary nature of the coin.

It is also important to note that the proposalPLCU initially limited. This eliminates the occurrence of inflation in the market and makes PLCs an actual deflationary cryptocurrency. As a result, such cryptocurrencies are much more resistant to rate fluctuations.

3. Large infrastructure

Unlike most cryptocurrencies on the market, which were created primarily for speculation, Ultima PLC is an extensive infrastructure that includes state-of-the-art products, some of which currently have no analogs on the market. More details about the project infrastructure will be discussed in paragraph 8 of this document.

4. Great growth potential due to the community

A large and developed ecosystem leads to a constantly growing community. So, at the moment, PLC Ultima products are used by more than 1.6 million people from 120 countries, and every month this number increases by several thousand. More details about the PLC Ultima community and its development tools will be discussed in paragraph 7 of this document.

Overview of ecosystem products

PLC Debit Card

One of the critical products of the ecosystem is PLC Debit Card. This crypto debit card allows you to pay for purchases with cryptocurrency in almost any country in the world. The card supports seven of the largest cryptocurrencies – Litecoin, Bitcoin, Bitcoin Cash, Ethereum, USDT, EOS, BAT, and PLCU. In addition, five account currencies are available – euro, dollar, pound, Chinese yuan, and Japanese yen. Although the card account limit reaches 5,000,000 euros, the transaction fee is 1 to 2%.

Passport Platinum

Platin Passport combines all the information about the user: data of twofactor authentication, verification, etc. Platin Passport is a single center for entering all ecosystem products - Platin Hero, PlatinDeal, etc.

After registration in one of the products, the system will automatically create a single account for all products for the user. So, for example, if you have registered with PlatinDeal, Platin Passport makes it easier for you to use this platform and to access, say, Platin Hero.

Ultima Wallet

Ultima Wallet is a multifunctional wallet for storing PLCU coins and making transactions.

This mobile application creates new wallets on the PLCUX blockchain. When creating a new wallet in Ultima Wallet, you own private and public keys, making it impossible for third parties to access the coins on your wallet.

The functionality of Ultima Wallet can be safely called as extended as possible.In the wallet, sending and receiving coin transactions are convenient, fast, and secure. You can send coins to your family and friends or pay for goods and services with them. If desired, you can withdraw coins from the farm to the wallet after the minting is completed.

The Ultima Wallet application allows you to enter into smart contracts in various ecosystem services. The wallet also participates in the payment of goods and services through its own payment system PlatinPay, which easily integrates into online stores. Also, with the help of Ultima Wallet, you can track transactions and the number of frozen coins.

Ultima Wallet can be downloaded for free from the App Store or Google Play. The team has carefully considered the security of wallets. Reliable (and non-standard) encryption of the private key with a 6-digit PIN code and storage of encrypted data on the device (in Secure Storage for iOS) makes it extremely difficult to select a PIN code and unauthorized access to the wallet in case of loss or theft of the device.

The private key is stored only on the smartphone, is used only when signing outgoing transactions, and is never transmitted over the network. All operations with keys are performed only on a smartphone, and no external servers are provided for creating transactions.

PlatinDeal

PlatinDeal is a global marketplace where you can buy and sell goods and services. Now PlatinDeal 2.0 is in development - a platform where for freezing coins for a certain time, it will be possible to receive certificates for almost free in any store in the world - from IKEA to Apple and luxury car dealerships. PlatinDeal will be a real breakthrough in shopping - because, by and large, you will no longer have to pay for goods and products!

Platin Hero

Platin Hero is a revolutionary crowdfunding platform. It is based on blockchain, minting, and innovative contract technologies, thanks to which projects receive free promotion and financing of their ideas, and users can support ideas and projects.

The Platin Hero crowdfunding platform works on a win-win principle: projects receive funds and can promote their ideas, and sponsors get the chance to support projects of interest to them.

Ultima Cashback Website

Ultima Cashback is a site for participation in cashback programs. On the site, you can choose a cashback program, track cashback transactions received within the framework of programs, and much more.

PlatinSale

PlatinSale is a global marketplace where you can buy and sell any goods and services for PLCU coins. The platform works in community languages - English, German, Russian and Spanish. PlatinSale allows any member of the PLC Ultima community to become an advanced merchant - the platform has all the tools to create a convenient online store. And to become a buyer on PlatinSale, you do not need to register on the platform.

Market Challenges

Cryptocurrency projects face many challenges: the lack of legislative regulation in some countries, the high activity of hackers, public distrust of cryptocurrencies, and ultra-high volatility.

The PLC Ultima team successfully overcomes all these problems. Thus, a team of lawyers from around the world carefully studies the legislation of the countries of presence. The development team is constantly engaged in increasing the resistance of products to potential attacks, and the PLC Ultima team actively informs users about precautions to protect personal data and wallets. For the sustainability of the exchange rate during the period of bear markets, a deflationary strategy is being implemented, which we described in detail in paragraph 6 of this document. Further, PLC Ultima's marketing team organizes online and offline events to raise public awareness of cryptocurrencies.