Ultrashares ICO Review: Hedging On The Blockchain

What is Ultrashares?

ultrashares icoUltrashares is an online trading platform that guarantees its users constant profit through the ups and downs of the Ethereum network. One of the problems that are most often faced by crypto traders is that they invest at the wrong time and lose money shortly thereafter, or they fail to identify certain low points during which they should be investing.

Ultrashare was created by two individuals, Byunggu Yu and Junwhan Kim who both earned their Ph.D.’s in computer science and engineering from American universities. They wanted to use their knowledge to build a blockchain trading system that would make sure that people never lost money investing in Ethereum again.

Their solution is BTN’s or Blockchain Traded Notes. These notes are essentially micro-cryptocurrencies which fluctuate bi-directionally based off of whether Ethereum is going up or down. Depending on Ethereum’s current trends, investors can trade notes to make sure that they are always staying ahead of the game.

Aspects

  • Blockchain-Traded Note: Ultrashares uses two BTN’s; UET and DET. UET goes up when Ethereum is in a bull market, and DET goes up when Ethereum is in a bear market. That means that either way that Ethereum goes, you can have a backup plan with Ultrashares Blockchain-Traded Notes.
  • Low-Price Trading: Ultrashares also promises fast transaction times when trading Eth, DET, and UET on their network. This will encourage users to trade more often, and help to maintain an active community.
  • Multiply Your Profits: Using the graphical information provided by Ultrashares, users will be able to keep track of where Ethereum stands and trade their UET and DET notes accordingly. For users who are constantly watching the market, they will have an opportunity to multiply their profits, and essentially never lose money.

What Issue Does it Solve?

One of the biggest reasons why people aren’t investing in cryptocurrency more is that they are uncertain. They have heard of the tremendous gains that can be had, but they have also heard of the dramatic losses that have happened when things go wrong. Few people are willing to risk that much in an extremely volatile market.

Ultrashares things that the solution to this is BTN’s which go up or down depending on the Ethereum price. As long as investors watch the prices and trade their DET’s for UET’s at the right time, they will be able to stay on top of the game.

Token Sale Information

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.

Positives
  • BTN’s prevent users from losing money
  • Fast transaction times
  • Fully-working product

Negatives
  • The team consists of only 2 people
  • Some of the more technical aspects are still unclear
  • The whitepaper is only 8-pages long

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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