Frequently Asked Questions - Ulti Arena

Frequently Asked Questions

What is NFT?
In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.

Although that may be far from simple for the uninitiated to understand, the payoff has been huge for many artists, musicians, influencers and the like, with investors spending top dollar to own NFT versions of digital images. For example, Jack Dorsey's first tweet is now bidding for $2.5 million, a video clip of a LeBron James slam dunk sold for over $200,000 and a decade-old ``Nyan Cat`` GIF went for $600,000.

What is Ulti Arena?
It's a NFT Marketplace and Community of Game Artists, Developers and Gamers.

Built on Binance Smart Chain, this will be a central repository of all things gaming including assets, UI’s, music, sound as well as a thriving community.

What is Binance Smart Chain?
Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.

Furthermore, Binance Smart Chain also implements the Ethereum Virtual Machine (EVM), which allows it to run Ethereum-based applications like MetaMask.

The aim of the platform is to enable developers to build decentralized applications (DApps) and help users manage their digital assets cross-chain with low latency and large capacity.

Advantages of BSC:
- Low gas fees: Recently, Ethereum has recorded fees over $100 for a single transaction, while Binance Smart Chain charges between $0.01 — $0.05 for the same services,

- Transaction speed: Ethereum has been handicapped by scalability challenges, which has resulted in congestions and longer waiting times for transactions to complete.

- Interoperability: Binance Smart Chain is built with a dual chain architecture, which makes it possible for users to enjoy the flexibility of transferring assets from one blockchain to another.

How can I buy ULTI Tokens?
Head over to https://ultiarena.com/buy/ to see what's the current Sale event. In general, there will be a Private Sale event and 5 PreSale events, at those points you can purchase ULTI Token at a discounted price - as you're the earliest investors. After Private / PreSale events, the ULTI Tokens will be obtainable via one of the DEX's (Decentralized Exchanges) such as PancakeSwap.
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Contract: 0x42BFE4A3E023f2C90aEBFfbd9B667599Fa38514F