The post What’s the Secret to PLC Ultima’s Skyrocketing Growth? Company Founder & Crypto Visionary Alex Reinhardt Explains appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
PLC Ultima, aka PLCU, launched in December 2021, valued at $0.10. Today, a little more than a 5 month, the PLCU coin is valued at more than $100,000, has a community of more than one million and is used in more than 120 countries around the globe.
So, how did a relatively new coin like PLCU become valued at more than twice that of Bitcoin in such a short period? We caught up with PLC Ultima’s founder, Alex Reinhardt, to ask him this question and discover why people are flocking to his coin instead of the thousands of other coins on the market.
Q1: What makes your coin different, and how has it become such an overnight success?
Good to be here, and thank you for the question. First, I’d like to say that PLC Ultima was founded through more than five years of experience, so I wouldn’t exactly call it an overnight success.
But yes, since launch, we’ve experienced rapid growth, and all this has happened in a very short period of time. However, I was confident in my vision for PLCU, I knew it would be a success, but things are moving faster than even I anticipated.
Regarding the part of your question about what makes PLCU different, my answer to that would be in almost every way, other than it also uses blockchain technology.
The value of most coins is propped up by Bitcoin and the overall confidence in the crypto market in general. However, when Bitcoin falls, the rest of the market follows.
PLCU is different – this type of price fluctuation doesn’t happen with PLC Ultima because it isn’t tied to other crypto assets like most coins are.
Our coin remains stable or even experiences growth when this happens because it’s linked to the real economy. The real economy doesn’t experience volatile changes in the same way that crypto does. The stability our coin provides is one of the most critical factors for people choosing to join our community.
Q2: You just said, “when people join our community”. Isn’t this just sales talk for investing in the coin?
No, I really mean it when I say join our community. PLC Ultima wasn’t designed to be an investment vehicle like other coins are.
PLCU is intended for everyday use and not to be stored in a user’s digital wallet waiting for a rainy day or speculating about how much it might or might not be worth in a week, month or year from now?
My goal is to bring about a real economy in the crypto-world through PLC Ultima. The vision is to become a mass-market cryptocurrency with the world’s largest user base.
The community is the coin’s strength, and I’m excited to announce that we’ve exceeded one million members, and the numbers are still climbing.
The project is centered around a community that can use cryptocurrency in both business and everyday life. To achieve this, my team analyzed the flaws and shortcomings of other coins and step-by-step created our own ecosystem, which I call a cryptosystem, that is constantly evolving to exceed the community’s wants.
Q3: Can everyone earn money by mining PLCU?
Great question! Not all people, no, but our community has the opportunity to earn money.
Actually, PLC Ultima isn’t mined, it’s minted, and minting is a very different process from mining. Minting is probably the number one reason people our coin over others. choose
Mining requires massive amounts of energy, and anyone with the knowledge and equipment can build mining farms and create coins.
Minting is a greener and more energy-efficient way of creating new coins, and it’s the community themselves who are rewarded for the minting. We still refer to them as farms but there’s no special equipment or technical expertise required to mint coins.
Minting works by an agreed amount of coins being frozen inside the Ultima Farm area within a users’ wallet. A blockchain-based contract is concluded between PLCU and the user for an agreed reward, number of coins, and time. After the arranged time, new coins are produced, and the user is rewarded automatically.
You don’t need expensive equipment or fork out money for colossal energy bills to mint our coins – all you need is a smartphone! Awesome, right?
Also, the company burns 100% of its coins, so it does not compete with the community for liquidity. And unlike other coins, our coins can be quickly and easily sold. We freeze 50% of our coins for one year, and at any given stage, 30% of coins are stored in users’ wallets; therefore, they are not involved in the farming process.
The production of new coins reduces each month due to a decrease in the production rate and a decrease in the volume of Ultima Farms. This helps price stability and builds long-term trust with our community.
Q4: Where can people use your coins?
In time, absolutely everywhere, and we’re getting there much faster than anticipated. We already have the PLC Card, which, just like any card, is accepted in retail stores; gas stations and can be used to pay for goods and services online.
It can also be used at ATMs in the same way a bank card can. Also, the card has a comprehensive dashboard featuring all major fiat currencies and a dedicated section for cryptocurrencies such as Bitcoin, Ether, USDT and, of course, our PLCU coin.
PLC Card is our own creation and is accepted by merchants in the same way as most major credit and debit cards.
In addition to the PLC Card, other platforms and products are in the final stages of development and coming soon.
For instance, we are just about to launch a gift certificate platform similar to GroupOn, and a new marketplace similar to Crypto-Amazon. Another exciting platform is our PlatinDeal marketplace.
Here entrepreneurs can expand their audience by selling their product or service to the entire global crypto community.
Buyers can pay for goods without worrying about conversion – they can choose a product and pay for it with one of the 17 tokens accepted on the PlatinDeal platform. The platform converts tokens into the desired currency and transfers payments directly to the seller.
Q5: Which code is better, open or closed?
Well, it really depends on the goal that the business is trying to achieve. For example, if it’s some super-secret new development, then, in principle, there’s nothing wrong with using closed code.
They could simply be protecting their idea. However, there can also be a negative aspect to using closed code. Some might think the business has something to hide.
PLC Ultima is based on an open code, and it is freely available. Everyone who understands this can see for themselves by installing a node.
We went down this path to provide both markets with everything they require with our coin. This way, the coin is immediately liquid; therefore, it immediately has demand. Also, it is directly on the exchange, decentralized, open-source, and has a white paper.
Q6: What are you most proud of, and what is your dream?
Wow, what am I most proud of? Hmmm, that’s a tough one! I’d have to say, well, this will answer both parts of your question. I’m most proud that after many years of hard work, I’m finally closing in on my dream – I’m so close now it seems like it’s inevitable, and not everyone can say this.
My dream is for the PLC Ultima community to reach the number I imagined when I dreamed of creating PLC Ultima, one hundred million people.
There’s no reason why this can’t happen within the next few years at the incredible speed things are moving. The momentum we have is simply amazing, and the community themselves believe in the dream and are making it happen.
Q7: Last question – what does the future of cryptocurrency look like through your eyes?
A very interesting question! Of course, I don’t have a crystal ball, and if I knew how to use one, I’d have more money than Elon Musk by now.
Blockchain delivered crypto to the world, and I believe that we are only scratching the surface of what possibilities are before us.
I believe that crypto will continue to go from strength to strength, and we’ll see new technologies and applications materialize that we haven’t even imagined yet. The future looks exciting to me, and I’m positive it will be full of many new opportunities.
And, of course, PLCU will be the market leader!