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Destination Anywhere
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Review on Ultragate by Digital Convict

Revainrating 3 out of 5

Ultra-known formula

It is a Defi project, with a promising roadmap for 2021.
  • A cryptocurrency
  • An exchange platform.
  • A marketplace.
  • With a design in shades of black, white and yellow; Plus the same total supply of Bitcoin. Ultragate appears to be mimicking the formula of the most famous cryptoactive.

    Something that could give you an edge in the market; Well, it is following the route that BTC chose to achieve success.

    While this seems like a compliment, I don't know; At the moment there are more than 6,000 DeFi Projects; Many of them have compelling proposals, a robust backing, circulating in top markets with highly trading volume.

    From the BTC hard fork; BCH emerged, BSV was born from 1st HF and from 2nd BCHA (Just a couple of weeks ago) These projects have the structure, because the company was segmented; But I don't understand why Ultragate does it that way.

    Its portfolio is available for mobile and fixed devices on well-known operating systems; The website are nothing new; A chart that seems to be taken from the Coingecko's API.

    The pairs and exchanges it claims to offer, just will find low liquidity on Graviex and Crex24, in exchange for BTC; It makes me think, that this generic product just wants BTC from some crypto enthusiasts (With this, I am not saying that it is illegitimate).

    A partner like this platform, it´s good to ULG; Let's see how it unfolds.

    Pros
    • The total number of tokens makes it attractive due to its capitalization potential.
    Cons
    • Ultragate explorer, I find it suspicious. As of today, it has been almost 72 hours that it has not been updated.

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