Blockchain is widely known as an innovative technology able to drastically reformat the financial interaction between people and entities. But there is still a low understanding among users what it looks like to switch one’s life to a decentralized mode. Let’s dive into the PLC Ultima blockchain-based ecosystem and watch how decentralization and blockchain transform people’s life and raise living standards.
PLC Ultima is a blockchain-based ecosystem initially launched by a blockchain expert and venture capitalist Alex Reinhardt. Although it’s only one-year-old, this decentralized platform already has a full range of services needed in everyday life that allows individuals and businesses to use blockchain technology for a variety of tasks. This ecosystem offers diverse services such as peer-to-peer payments with low fees, crypto-friendly banking card, and exclusive farming apps for mining on smartphones. By using decentralized, tamper-proof ledgers, PLC Ultima provides safe, secure, and transparent interaction between users. This ecosystem also enables users to easily access and use a wide range of decentralized applications (dApps) that provide useful services and solutions for various industries and sectors, such as crowdfunding and e-commerce with smart contracts and cryptocurrencies accepted and loyalty programs with up to 100% cashback.
Minting farming mobile apps
The PLC Ultima ecosystem uses its own blockchain that is based on the fast and cyberattack-high resistant Litecoin blockchain and strengthened by the CryptoNight hashing algorithm used by Bitcoin and Monero. Its blockchain constructively supposes the use of two coins, PLCU and PLCUX. One of them, PLCU, serves as a gas when sending transactions. The second one, PLCUX, is focused on generating new coins in the ecosystem.
The PLC Ultima ecosystem uses a deflationary model to tackle possible inflation. Every time a transaction in PLCU is sent, 1% of it is taken as a fee and burnt.
The process of creation of new coins is called minting in the PLC Ultima blockchain, as it differs from the Proof-of-Work mining used by Bitcoin. Minting is an updated, more energy-efficient version of the proof-of-work consensus mechanism that does not require special computing equipment. Unlike PoW-mining with its expensive equipment, minting is available even via apps on consumer-grade hardware. Isn’t it what we all dreamt about? Being able to mine cryptocurrencies anywhere and at any time, simply by using our smartphones.
That’s how PLCUX is minted – via smartphones. To start minting, users are required to download special apps (Ultima Farm and Ultima Wallet) on their smartphones and freeze a certain number of coins for a certain period. Currently new users can opt only for PLCUX minting.
These minting apps transform anyone’s smartphone into a fruitful farm and help increase the level of life. This is the main PLC Ultima’s mission postulated by Alex Reinhardt. The ecosystem is aimed at leveling up the living standards all across the globe and improving well-being in regions with struggling economies.
PlatinDeal and PlatinHero
With the global ecommerce market expected to total $5.7 trillion in 2022, PLC Ultima offers an outstanding cashback program for those who shop online via its PlatinDeal marketplace.
PlatinDeal offers to buy vouchers and coupons for cryptocurrencies. These vouchers can be used then to purchase goods in familiar online stores. When paying for goods with vouchers and coupons purchased on PlatinDeal, users receive cashback up to 100% of the purchase amount. This is the first platform with a really solid cashback. The reward is credited in PLCU coins to the user’s account 13 months after the purchase.
Unlike loyalty programs of other crypto platforms, cashback on PlatinDeal has no limits. One can return up to 100% of the purchase amount even when buying expensive Swiss watches or premium apartments in Dubai. Depending on the user’s residence, the list of available online stores differs. The geography of special offers is constantly expanding.
PLCU coins received as a cashback can be spent within the ecosystem. For example, users can send them to support charity projects. There is a crowdfunding platform called PlatinHero in the ecosystem for these purposes. It is designed to solve the main pain points of crowdfunding, such as fraud and poor global coverage. Blockchain, with its capabilities such as self-executing smart contracts, improves user experience and helps local businesses enter the global market. Businesses get access to a multi-thousand audience of the PLC Ultima ecosystem, receive free promotion and cheap funding of their ideas, while donors receive rewards for their support and a 10% bonus of the amount they contributed.
PLC Card
No matter how much we want to, we still have to interact with the centralized and old-fashioned physical and online stores outside the ecosystem. For these purposes, there is a convenient PLC card, which works like an ordinary debit bank card. But there is an important difference from traditional cards. PLC Cards can be replenished with cryptocurrencies. The card supports major cryptocurrencies such as LTC, BTC, BCH, ETH, USDT, EOS, BAT, and PLCU, and several fiat currencies, US dollar, Euro, Chinese yuan and Japanese yen among them.
It also differs from other crypto-friendly cards. PLC Card offers exceptionally high daily limits (up to €150,000). Unlike its competitors, PLC Card is focused not only on small daily payments, but also on large purchases.
The PLC Ultima ecosystem continues actively developing and schedules to launch new decentralized services that are actively used in everyday life. Due to this focus on everyday life needs, the ecosystem, which recently celebrated its anniversary of the mainnet launch, has already attracted more than 1.5 million users from 120 countries.
