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Cryptocurrency PLC Ultima is not a token. Instead, it is an innovative and fully-fledged infrastructure ecosystem with more than ten proven products for everyday use and business. It began trading in December 2021 at $0.10 per Coin, and within just a few months, the price of PLCU reached $90,000, surpassing even the value of Bitcoin.
More than a million people have already used cryptocurrency from 120 countries. The company aims to bridge the gap between the cryptocurrency world and the traditional market by turning the PLCU coin into a universal means of payment. PLC Ultima also offers its users a convenient way to earn money in an environmentally friendly and efficient manner so that owning PLCU Coins can be a source of passive income.
The founder of PLC Ultima is venture capitalist and German businessman Alex Reinhardt and recognized as one of the ten leaders in the crypto market in 2020 by US magazine Entrepreneur. Alex Reinhardt has more than 20 successful FinTech and IT start-ups, thousands of webinars and international conferences, and his own online business and investing academy. Alex Reinhardt has been working on the idea of PLC Ultima since 2016 when the project was founded in Switzerland. It underwent many changes until its current version in 2021.
How does the minuting of PLC Ultima work?
Alex Reinhardt's project is unique in that it offers versatile and straightforward financial tools for earning cryptocurrency with no need for expensive crypto equipment or special knowledge to use. In addition, new PLCU coins are not mined but minted. Coining, in turn, is the most environmentally friendly and energy-efficient alternative to mining, which was once criticized by various countries for its environmental damage. So all the average user needs to generate new PLCU coins is a smartphone.
Minting gets triggered after a certain number of coins get frozen in the Ultima farm in the user's wallet for one to three years. At minting, a smart contract gets signed between the PLC Ultima and the user. The smart contract specifies the terms and conditions of the minting process. It elucidates the reward that the user will receive at the end. For example, the duration of the mincing and the number of coins frozen. At the end of the agreed-upon period, the user receives the frozen PLCUs and the generated remuneration. Thanks to this, you can safely keep your PLC Ultima Coins after purchase and multiply them generating a stable passive income.
In addition, PLCU burns 100% of its coins, so it does not compete with regular users for liquidity. The company also freezes 50% of its existing coins each year. Another 30% are stored in users' wallets and do not participate in farming. Each month, the production and volume of new coins get reduced. The transaction always burns up 1% of the coins. That stimulates the gradual growth of PLCU coins in the market and maintains a balance between supply and demand, preventing negative volatility.
PLC Ultima Wallet and other applications from Alex Reinhardt
After the registration, you need to log in to PLCU and install the PLC Ultima Wallet. The wallet has non-standard encryption of the private key with a 6-digit PIN, which corresponds to the highest degree of security, and stores all encrypted data on the device itself. So, the PIN becomes virtually impossible to find, as does third-party access to the wallet. So, the user must be careful: if the device or the password is lost, access to the coins is lost.
The device itself stores the private key. It does not appear on the network and is only used to sign outgoing transactions. All other transactions also involve only the smartphone. No external servers or devices get used. Ultima Wallet also has a simple interface that makes it easy to perform all operations - transfers, viewing balances, etc.
You also need to install the PLC Ultima Farm app to start minting. You use it to mint new coins while keeping the old ones in your wallet. The Ultima Farm makes the blockchain of the coins and the holding. And the more coins the user holds in the Farm wallet, the more new coins they get. The holding options are also affected by the choice of the type of e-certificate Ultima Minter needs to buy for a fee before you start minting. As Alex Reinhardt explains, this certificate limits the number of participants in minting and thus maintains the liquidity of the coins. So depending on the number/types of certificates you buy, you can generate more new coins.
Coins you earn are no different from those you buy: you can spend them the same way, transfer or refreeze.
So, what other products is PLC Ultima offering?
Platin Hero is a revolutionary crowdfunding platform that Alex Reinhardt has based on a combination of the traditional crowdfunding approach, blockchain, minting, and smart contracts. It allows investors to keep their money and support a project they like (and there are plenty of them on the site); they just need to freeze it. Everything works the same way as with Ultima Farm: an investor freezes a certain amount of PLCU Coins. If the crowdfunding campaign succeeds (the financial goal of the fundraising is reached), they get their money back with 10% of the generated reward. If the campaign is unsuccessful, the investor receives the money back without reward.
The Platin Deal global marketplace launched in the PLC ecosystem on March 23, 2020. You can buy tangible goods with 17 cryptocurrencies (from BTC to PLCU): clothes, jewelry, and even cars. All merchants undergo a strict selection process, but any shop can submit their goods or services on the Platin Deal. The marketplace also has a PlatinSale private classifieds platform.
Currently, the marketplace is operating in Europe, but more launches are planned for the rest of the continents. Both sites are available in five languages: English, Spanish, German, Hindi, and Russian.
Platin Passport provides the user with single access to all ecosystem products from Platin Hero to the Crypto Wallet and consolidates all information about the user. Once a user registers with one of the products, the system automatically grants the user access to the other products. Thus, Platin Passport allows you to use all the features of the ecosystem in one place at once. The service also features the highest level of security and multi-stage verification.
Platin Pay and PLCU Debit Card
Platin Pay is the PLCU ecosystem's payment system for everyday life. For example, with a crypto debit card, PLC Ultima Coins holders can make purchases, make international transfers, and exchange their coins for currencies – Euros, Dollars, Yen, etc.
Price of PLC Ultima and where to buy
PLCU has been added to the most popular cryptocurrency exchange listings, from Coinsbit to HitBTC and Bibox. As of April 12, 2022, PLCU is available for trading in LCU/BTC and PLCU/USDT pairs. The value per Ultima coin on Coinsbit is 91,800 USDT. You can find out the current PLC Ultima price and purchase the coins on the website of any exchange.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.