By
Svetlana Soroka
April 24th, 2024
The PLC Ultima ecosystem is brandishing a unique utility that goes beyond its primary use case as a payment coin.
The digital currency ecosystem has continued to play host to innovative cryptocurrency projects, one of which is PLC Ultima (PLCU). The business model of PLC Ultima is an entirely new technology. It was designed to serve as a last resort for people who are deprived of traditional fintech services, access to a global financial infrastructure and instant payments around the world. PLC Ultima is primarily an ecosystem including products like the Platin Hero crowdfunding platform, the PlatinDeal marketplace, and the PlatinSale.
As a digital currency, PLCU blockchain is built using the technological advancement of the Litecoin blockchain protocol. Per its design, it offers users opportunities to conduct fast transactions at a relatively cheaper cost. Created by Crypto Visionary Alex Reinhardt, the development and creation of the PLCU coin started in 2016, and with its debut, a targeted effort is being devised to make it gain wide coverage.
One of these efforts is to expand the exchanges where the PLCU coin can be traded. Thus far, users can find the PLCU coin on 13 digital currency trading platforms including but not limited to LBank, Whitebit, Biconomy Exchange, and BitMart.
The emergence of PLCU was trailed by a significant trading action with respect to its price. It was launched at a price of $0.10 and soon shot up to an unprecedented All-Time High (ATH) of $113,579.24 back in April of this year according to data from CoinMarketCap.
While PLCU also buckled under the weight of inflationary pressures and the crypto winter, its price is still trading at a 7-day average high of $5,505.87.
Alex Reinhardt and his team understand that keeping a functional digital currency must be commensurate with utilities and adequate security. As a result of this, the PLC Ultima protocol has been designed to use an encryption tool dubbed CryptoNight to bolster its security layers.
The PLC Ultima Ecosystem and Utility
The PLC Ultima ecosystem is brandishing a unique utility that goes beyond its primary use case as a payment coin. Through its two main applications, Ultima Farm and Ultima Wallet, as well as the crowdfunding platform Platin Hero, PLC Ultima is offering a value proposition that cuts across most existing offerings in the broader crypto market.
The growing utilities of the PLC Ultima platform, its technological backing and a strong community of more than 1.5 million members are primarily important with respect to this cryptocurrency and certainly something to look forward to in this crypto winter.