Ultron is a decentralized blockchain platform designed to provide affordable and user-friendly digital asset management solutions. Its roadmap includes the launch of a variety of services, such as an NFT marketplace, staking hub, IDO launchpad, decentralized exchange (DEX), cross-chain bridges, yield optimizer, lending/borrowing portal, and a metaverse presidential game. In 2022, Ultron launched its native lending and borrowing platform. However, due to its involvement in lending and borrowing activities, it is deemed non-compliant with Shariah law.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | ULTRON is a decentralized blockchain platform that offers cost-effective and user-friendly solutions for digital asset management. It plans to release multiple services, including an NFT Marketplace, Staking Hub, IDO LaunchPad, DEX, Cross-Chain Bridges, Yield Optimizer, Lending/Borrowing Portal, and a Metaverse president game. In 2022, it launched its native lending and borrowing platform. However, due to its involvement in lending and borrowing activities, it is considered non-compliant with Shariah law. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | ULX is the native utility coin of Ultron Blockchain that is used for staking to secure the network, tracking and supporting network fees, and fueling the ecosystem of native dApps. Users can access various decentralized digital asset management services using ULX. It will also be the supportive native token of the dApps developed by the Ultron Foundation, which will drive its growth through blockchain adoption and dApp growth. Stakeholders receive an attractive APR and become part of a revolutionary movement towards inclusion in the fast-evolving digital asset market. | Passed |
| Staking Method | Stakers can secure the Ultron network and earn rewards through proof-of-stake participation. Ultron users can stake their ULX with a validator node to earn a 5% APY, or choose to lock up their coins for up to 365 days for a reward rate of up to 13% APY. Additionally, users can earn passive rewards by participating in yield farming of ULX in liquidity pool pairs to earn interest and maximize returns. | Failed |
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