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What Is PLC Ultima (PLCU)?
PLC Ultima (PLCU) is a mass-use crypto tool that aims to provide users with access to global financial infrastructure and instant payments around the world. The project combines the stability of proven business models with the innovative approach of blockchain technology, bridging the gap between the crypto industry and the traditional form of business.
PLCU was introduced to the crypto community in December 2021. The PLC Ultima blockchain is based on the Litecoin blockchain, which is known for its stability, transparency and high transaction speed. The large-scale infrastructure project is based on minting technology, where users have the opportunity to receive passive income if they have a smartphone and stable internet connection.
The global mission of PLC Ultima is to improve the standard of living of all people, regardless of their location, level of education or experience. How: by opening access to financial instruments and introducing everyone to the crypto world, turning cryptocurrency into a universal means of payment.
PLC Ultima has its own philosophy, its own forecasts and its own vision. PLCU plans to become a mass market cryptocurrency with one of the largest user bases. Among the distinguishing features of the project are POS terminals (they look like cash registers for buying goods using cryptocurrency), crypto cards (this tool is similar to bank cards, but all transactions take place in cryptocurrency) and vending machines (allow you to buy / sell in crypto without seller involvement).
The PLCU ecosystem was formed in 2016, and it includes a crowdfunding platform based on minting and blockchain, a marketplace for buying and selling cryptocurrencies, and a payment system that is still under development. As for April 2022, more than 1,000,000 people use PLC Ultima products in 120 countries.
Who Are the Founders of PLC Ultima?
The core PLC Ultima team was formed in 2016. CEO and co-founder is Alex Reinhardt, a serial entrepreneur, venture capital investor and economist. At PLC Ultima, he’s responsible for innovative solutions and their promotion in the global market.
Alex Reinhardt worked at the Humboldt University of Berlin, interacting with startups, as well as launching crypto projects in the global blockchain market since 2016.
Alex Reinhardt is a well-known business coach, his book is scheduled for release in 2022.
What Makes PLC Ultima Unique?
PLC Ultima uses minting technology, providing a stable source for creating real passive income. According to the project, minting is a more environmentally friendly and energy-saving way of cryptocurrency mining, while PLC Ultima minting is also a way to distribute rewards between users. Minting works similarly to the process of storing funds in a bank account, where a user himself decides how many coins to freeze and for what period (1-3 years). After the set period, users receive the unfrozen coins along with the mined ones.
To generate passive income with PLCU, you need to: install Ultima Wallet, download the Ultima Farm app (it's free), buy one or more Ultima Minter digital certificates, start mining, freeze some number of existing coins in your wallet for a certain time. A smart contract between PLC Ultima and a user, concluded at the start of mining, guarantees the security of operations and payments.
PLC Ultima products include:
Ultima Wallet. It has advanced functionality and is responsible for processing transactions. Wallet connects directly to nodes. Supported on Android and iOS devices.
Ultima Farm. Smartphone app where users can create new coins. PLCU tokens are minted automatically, and the number of minted coins depends on the number of tokens stored in a user's wallet.
Platin Hero. A crowdfunding project that combines minting and blockchain. With Platin Hero, sponsors are rewarded for donating funds.
Platin Pay. A blockchain-based payment system that expands the boundaries of the PLC Ultima ecosystem and makes the use of PLCU tokens simple and convenient. Payment service provider Platin Pay accepts both BTC and other cryptocurrencies.
POS terminal. Cryptocurrency terminals are installed in stores around the world, they allow sellers to receive payment for goods in cryptocurrency.
Have a look at our glossary — the most important blockchain and cryptocurrency terms are collected here.
How Many PLC Ultima (PLCU) Coins Are There in Circulation?
$PLCU was created as a token for everyday use with a maximum supply of 11,000,000 coins. PLC Ultima does not compete with its users for liquidity, but instead burns 100% of its coins. The company also freezes 50% for 1 year, and 30% is stored in users' wallets without participating in farming.
Due to the slowdown in the production rate and the decrease in the number of farms, the production of coins diminishes every month, which benefits the relationship of the community with PLC Ultima and contributes to price stability.
By withdrawing coins from circulation, PLC Ultima pursues the following goals:
A gradual decrease in the volume of cryptocurrency on the market, which leads to the formation of a deficit, which has a positive effect on PLCU rate;
And additional protection of the network from spam.
PLC Ultima claims that burning coins is a transparent and safe solution. As for the PLC Ultima blockchain, it burns 1% of each transaction.
How Is the PLC Ultima Network Secured?
PLC Ultima approaches the issue of network security with great responsibility, taking complex decisions, such as:
Reliable blockchain. The PLC Ultima team chose Litecoin (LTC) as the basis, for it claims that it is a flexible, fast, secure and rapidly evolving blockchain that combines stability, attack resistance and support for segregated witness and atomic transactions.
Hash function. CryptoNight is a hash function of the Ultima PLC project. This option eliminates the use of third-party software for mining and attacks, and at the same time guarantees block protection, excluding the use of specialized mining equipment.
Encryption on mobile devices. The use of hacking tools becomes impossible due to the 6-digit PIN code and the modified wallet encryption algorithm on the devices. An additional layer of security is provided with the option of fingerprint or Face ID access.
On top of that, smart contracts between users and Ultima PLC guarantees the transfer of coins to a user's wallet, but only if all the conditions of the platform are met. At the same time, smart contracts are stored on the blockchain and can be checked/viewed at any time.
Where Can You Buy PLC Ultima (PLCU)?
As of April 2022, PLC Ultima (PLCU) can be purchased on cryptocurrency exchanges, including: LBank, Coinsbit and Bibox. Moreover, PLCU uses its own coin generation technology called minting, an alternative to mining.
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The live PLCU price today is $532.82 USD with a 24-hour trading volume of $61,055.82 USD. We update our PLCU to USD price in real-time. PLCU is up 4.14% in the last 24 hours. The current CoinMarketCap ranking is #3845, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.