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Unicorn Ultra (U2U)

Last updated: Sep 06, 2023

Unicorn Ultra is centered around creating a collaborative ecosystem where developers, idea-creators, marketers, and users come together to create collective economic value.

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Overview

Project industry	Blockchain Infrastructure
Product type	Ecosystem
Founded	Vietnam
Whitepaper	Open

What is Unicorn Ultra

Unicorn Ultra ecosystem comes has the full spectrum of in-house applications to flesh out the DeFi and dApp capabilities of the chain. This includes the U2U wallet, U2U NFT Marketplace, U2U exchange and the U2U DEX on launch. Bridges, oracles and more will be built by the team as the project matures.

Developers and builders will be able to submit various ideas and proposals to the U2U council for incubation and funding to build their dApp/protocol on the U2U chain. Once approved, development support, funding, and marketing resources will be granted to the project by the U2U ecosystem. Third-party contributors can also choose to collaboratively build on approved ideas, earning a share of the proposed project. This creates a unique incubation model powered by chain incubation coupled with the power of global decentralized collaboration.

The U2U chain is built using the core concepts of the Hashgraph protocol, tweaked to ensure high throughput while maintaining security, transparency, and cost efficiency for the expected high volume of on-chain transactions. The ecosystem uses two tokens - the U2U utility token that will be used as the primary currency on-chain and the U2S security token that represents voting and governance rights of the ecosystem.