Today it was announced that Ultra, the cryptocurrency native to the Ultranet marketplace, will be listing on LAToken, a top ten crypto exchange, on May 20th 2020. The Ultranet is the first blockchain marketplace, where all orders are end-to-end encrypted and listings can’t be taken down or censored. Additionally, since the Ultranet is completely decentralized and open-source, all data is preserved as long as a single node somewhere in the world is running the software.
This listing marks a big step for the Ultranet marketplace. With Ultra being listed on LAToken, merchants and users will be able to exchange Ultra for Bitcoin, Tether, Ethereum, and many other cryptocurrencies (and vice versa). Moreover, by increasing access to Ultra, it seems highly likely that both buyers and sellers will become more comfortable using the Ultranet marketplace in the same way Bitcoin becoming trade-able on Mt. Gox promoted it from being just a pet project to being a widely-used internet currency.
Users can purchase Ultra with Bitcoin in minutes using the Ultranet app’s built-in decentralized exchange. But as an alternative, the staff at LAToken have also allowed users to purchase Ultra prior to it being listed through their number one IEO platform (where the Ultranet is currently listed as the top project in their list). The LAToken IEO gives users the ability to use any currency they want to purchase Ultra, including Tether, Ethereum, and many more. Moreover, because LAToken has millions of users already registered, being listed as the top IEO on their platform brings an unprecedented amount of visibility to the Ultranet project.
Over a year ago, the creators of the Ultranet had a vision for a truly decentralized marketplace. A marketplace that is 100% open-source to challenge the currently-unchecked power of the platform oligarchy that rules over us (Amazon, Alibaba, and the other tech giants). Every day the community supporting the Ultranet gets a little stronger. And now, having gained the trust of LAToken, a top ten exchange with millions of users, it seems the Ultranet is closer than ever to creating a world where what we do online is in our hands rather than the hands of a privileged few.