Today we continue to analyze the projects ranked 200+. The two projects are ultima ranked 297 and gomining ranked 237. Overall, these two projects are relatively average, not very distinctive and technical. Because of the current market situation, there are only these two projects that have risen in this range. Ultima is engaged in global payment. At present, its business is quite broad, but no actual implementation has been seen. The project is relatively virtual. Gomining is engaged in mining machine hosting. The LMR mentioned earlier is decentralized mining, and this project is centralized. Let's study them separately.
1. Ultima
The current market value of the project is 100 million US dollars. It was launched in October 2024. Currently, 15% of the tokens have been unlocked. The total number of tokens issued is very small, only 100,000, so the current price of one coin is 7,000 US dollars. The lowest point in July 2024 was 2,500 US dollars. From this perspective, it has almost tripled.
Introduction
Currently, the ULTIMA ecosystem includes the unique Ultima card, SMART Wallet and Ultima Store shopping platform. Crowdfunding platform, travel platform, cryptocurrency exchange, etc. are under development.
1.ULTIMA CARD
The Ultima card is the debit card of cryptocurrency. The Ultima card can be used in more than 100 countries around the world, from Europe to Latin America, from Asia to Africa.
High deposit limits: up to €10,000 per day and €100,000 per month. It also offers global withdrawal limits of up to €2,000 per day.
Connect your Ultima card to Apple Pay or Google Pay. You'll be able to make purchases right from your smartphone.
2. SMART Wallet
SMART Wallet is a multi-purpose wallet that also supports Ultima tokens.
3.Ultima Store
is a unique shopping platform where only ULTIMA community members can become owners of vouchers from the most famous marketplace and use them to purchase all goods and services.
4.Charity Crowdfunding 和 StartUp Crowdfunding
are two crowdfunding platforms where people and startups can pitch their ideas and receive funding, and users have the opportunity to support some promising ideas. The first of these platforms is designed to help people, and the second is designed to help startups.
5.Ultima Travel Club
Ultima Travel Club is a travel service marketplace that allows users to save up to 90% when booking and paying for flights, hotels, water tours, cars, and other activities. The platform settles in Ultima tokens.
The travel-platform's database includes 2.5 million hotels and villas with discounts of up to 90%, 950 cruise companies (water tours from $25), many major car rental companies, discounts on more than 300,000 activities in more than 150 countries, and other unique opportunities.
6.Freezing Games
Freezing Games is a freezing platform where users can freeze their tokens and get vouchers for top products offering up to 90% bonus.
7. Jewelry Store
Jewellery is a platform that allows users to purchase jewelry using Ultima tokens.
In summary, although it seems that it has a lot of things and ecosystems, and some of them look good, such as the charity platform and crowdfunding platform, none of them can be experienced at present. To put it bluntly, it is exaggerated too much, and no actual products have been seen. The project party still needs to work hard.
二．Goimining
The mining project was launched in 2021, with a current market value of 160 million US dollars. All tokens are unlocked. The bottom in 2023 was at 0.1, and it has almost tripled so far. Although the current exchange rate continues to fall and many mining machines will be shut down, why can it still rise?
Introduction
GoMining has developed a vision based on the idea of Liquid Bitcoin Hashrate (LBH), where NFTs represent a tangible share of a company's Bitcoin mining power, measured in power (TH/s) and energy efficiency (W/TH). Each NFT holder effectively obtains a share of real Bitcoin mining power through the same parameters specified, which provides them with a simple way to generate daily BTC rewards.
Virtual miners are GoMining's NFTs, whose actual computing power share ranges from 1 to 5000 TH/s, depending on the NFT and its level. Each NFT can be easily upgraded in terms of computing power and energy efficiency properties.
Looking at the current data on the official website, the number of digital miners is 160,000, which should be 160,000 NFTs. The current hash rate is 5.3 million, and 2,468 BTC have been mined.
The biggest highlight of the project is that it makes mining very gamified. For example, different types of mining machine NFTs are launched, such as humans and crypto-organisms. Different types have different attributes. For example, humans have the attribute of automated services, 3% discount on repairs, 5% savings on electricity bills for creating miners, welcome packages, private clubs, etc. Crypto-organisms are simpler and more direct, directly improving the efficiency of mining, and more types will be released later.
Token Economy
The total amount of tokens is 417,708,105 at present, but it is based on a minting and burning mechanism. The amount mined will always be less than what is burned. The figure below shows the mechanism of each epoch. Each cycle is one week, and it is definitely far more than 20 weeks at present.
Currently, there are tokens on both chains, 350 million on ETH and 43 million on the BSC chain.
GOMINING token is used for payment on various platforms, including NFT purchases and upgrades, as well as to obtain an additional 20% discount on electricity bills. Among them, VEgomining can participate in voting (the mechanism is similar to vecurve).
In summary, the current approach of the project is quite interesting. The upgrade of the mining machine has been made into a gamified form. This kind of innovation is actually a change in ideas. In fact, there is not much change in essence. Compared with pure charging, this is more acceptable. The project has received more than 30 million US dollars in financing. Although the token does not have much to do with the mining machine, it is at least deflationary. However, the track of the project is very general, and it is difficult to surpass large-scale mining farms. Mining farms have a clustering effect. The larger the mining farm, the easier it is to mine, and the easier it is to get money, and the easier it is for others to join, so this track is too competitive.
