A Guide to Ultra’s Token Swap

After the effective launch of the Ultra Mainnet in June, the time comes for users to access the particular Ultra Wallet! The wallet-only client is available to down load right here and you are now able to create a good Ultra account, secure your own username, access your budget, use your referral link, plus swap your UOS ERC-20 tokens to our UOS indigenous blockchain.

Now that you’ve got a first glimpse into Ultra’s ecosystem, we’d like to stroll you through the token exchange process in detail.

The Token Swap Described

With the discharge of the wallet-only client, we are able to now officially begin the particular swap from ERC-20 UOS token the native token from the Ultra platform. There is presently no requirement to exchange your UOS tokens.

Let’s take a moment to talk about P. system and clarify how the swap actually works.

P. network offers deployed a vault contract on Ethereum which usually acts as a bridge between the 2 networks. On Ultra’s Mainnet, there is a pUOS contract and our ultra. swap contract. These complete the bridge onto the network and ensure that the procedure is decentralized, automated, and secure.

Moving your tokens through Ethereum to Ultra’s Mainnet is called a peg in.

The swaps are usually bidirectional, allowing you to hold indigenous tokens and still take part in liquidity and staking programs upon Ethereum if you so choose.

The swap back again, called a peg away, from Ultra’s Mainnet in order to Ethereum incurs a zero. 25% swap fee, which is often used to pay the validators upon p. network’s decentralized swap network.

Ledger Assistance for Large Token Holders

As we extend assistance for hardware wallets and permit you to create Ultra blockchain accounts with them, we’ll motivate large token holders in order to migrate to our network. Till then, we strongly recommend that you simply wait to perform your token swap.

Exchanges plus Automatic Swaps

If you hold tokens on the partner exchange, there is no need to execute a manual swap. Your own exchange will handle this particular for you. As each companion exchange performs the exchange, we’ll make sure that the community is aware of it. Until then, hodl tight!

The Extremely Client and Manual Swaps

Ultra’s wallet-only customer contains the wallet application which you can create your Extremely account for free, send plus receive UOS tokens, plus perform bi-directional token trades between Ethereum and Ultra’s blockchain.

Let us get started with the Ultra Client

You can download the particular wallet-only client from here . You’ll need to install it that your account. The process is regular, but if you run into any kind of problems you can reach out to support@ultra. io and we’ll assist you.

Basic guide — How do I swap bridal party on the Ultra client?

  1. Log into your Extremely account and head to the particular Ultra Wallet application
  2. Click on the Token Swap section
  3. Copy the particular swap URL that is offered and paste it within your browser
  4. As soon as you’re redirected to the Dapp, provide the Ultra Wallet tackle you wish to swap tokens upon (this can be found in your Ultra Wallet)
  5. Sign your own Ethereum transaction with your Ethereum wallet

Plus that’s it, you’ve effectively swapped your tokens! They are going to appear in the Ultra Pocket you sent it in order to within 20 minutes associated with completing the process.

FAQ

What do I need to do now?

Download the particular wallet-only client now! You will be able to create your own Super account, reserve your user name, access your wallet (referral link and wallet ID), and swap your tokens.

Do I need to swap my tokens?

No, you presently don’t need to swap your own tokens. We designed the native chain to provide customers and developers with an encounter that aligns with Ultra’s fundamental goals. However , we all know Ethereum is a popular public string and has its advantages therefore we’ve bridged the two environments through a bi-directional token exchange function. This allows users plus developers the choice to exchange tokens with the convenience to get this done quickly and easily.

I have a lot of UOS tokens, should I swap our tokens now?

We recommend token slots to wait until we complete Ledger hardware wallet incorporation.

Our “easy blockchain account” (EBA) process, the software-based secret crucial recovery mechanism that does not require a Ledger, will get a security improvement update within the coming months and will create its usage extremely secure. Until then, we suggest users to not hold considerable amounts of tokens on the mainnet.

Are usually exchanges supporting the swap?

Users exactly who hold tokens on a companion exchange don’t need to by hand perform token swaps otherwise you exchange will do all of that to suit your needs. We’ll keep you the community up-to-date on when each companion exchange will do this.

What are the symbol swap parameters and fees?

Currently, you are able to swap a minimum of 50 UOS per token swap deal. Swaps from Ethereum in order to Ultra are free aside from the GAS fee so we inform you to have -0. 01ETH readily available for it. There are no GASOLINE fees when swapping through Ultra’s Mainnet to Ethereum but you’ll incur the 0. 25% swap fee.

How do I watch transactions on the Ultra blockchain?

Many transactions relating to the expression swap are stored for the Ultra asset chain. You will see all transactions on our block explorer .

What does having access to the wallet-only client mean?

The wallet-only client can be technically the real Ultra customer but it comes with limited application access. Anyone using Home windows can download the client here , create an account, and get access to an Ultra Wallet. This implies you’ll have your own unique recommendation link that you can share with your pals and will be able to swap your own tokens. You won’t have to ever make another Extremely account or download an additional version of the Ultra customer, it’ll automatically update whenever other apps, such as Super Games and the NFT Marketplace, available to the public.

Can I see how lots of people have used my referral code?

Currently, a person won’t be able to see how lots of people have signed up using your recommendation link. This will be added to the particular Ultra Wallet section within an upcoming client patch.

What are our standard communication channels?

Website: https://ultra.io/

Telegram announcement station: https://t.me/Ultra_ann

Telegram funnel: https://t.me/ultra_io

Twitter: https://twitter.com/ultra_io

Facebook: https://www.facebook.com/gaming/ultra.platform

LinkedIn: https://www.linkedin.com/company/ultracorp

Youtube . com : https://www.youtube.com/channel/UCkYmCuZkV0ogKGj5l7IV1eA

Discord: /discord. gg/em9GJmD3tN

Ultra Client reside status page: https://ultra.freshstatus.io/

About Ultra

Ultra is the initial entertainment platform that is run by blockchain technology and offers all key games market services under a single roofing. With just one login, find out Ultra Games, Ultra Pocket, the NFT Marketplace, third-party applications, and more.

Super Games, our games submission platform, will give you access to numerous centralized and decentralized solutions. Discover, buy, play, promote your games, in-game products, and user generated content material. Watch livestreams and get compensated for your participation. Compete within tournaments and contests plus win NFTs and other awards that are yours to truly maintain or resell on the market.

Ultra has been built to merge the video gaming and blockchain worlds in such a way no one has seen before.

For more information, visit extremely. io. Stay up to date on this major Twitter account , the video gaming Twitter account , plus Telegram .


Strategies for Ultra’s Token Swap was originally released in Ultra upon Medium, where people are ongoing the conversation by featuring and responding to this tale.

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