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Spotlight: Ultimate Coin (ULTC)

Category: Crypto Currencies
crypto currencies

Announced on February 20, 2018 @

Token name: Ultimatecoin
Ticker Symbol: ULTC
Total Supply: 3,000,000,000

It is an Ethereum based currency that was created to track the Intrinsic Value of the Ultimate Indicator.

The Ultimate Indicator
The Ultimate Indicator, as the name implies, is a combination of crypto coins,
also called cryptocurrencies or simply currencies. The Ultimate Indicator
is calculated by adding the prices of the top 15 Coins by market value
(components) and multiplying by a proprietary price-weighted formula to
measure movement of the crypto- currency market. The Ultimate Indicator
itself is price-weighted, which means that each company makes up a fraction
of the Ultimate Indicator proportional to its price. With one common
multiplier, coins with larger prices have more weight in the Ultimate Indicator
than coins with lower prices, thus earning the price-weighted Ultimate
Indicator Statement of Cash Flows.

Whitepaper: Download