PLC Ultima: From Almost Zero to Crypto Hero
05 May 2022 - 11:37PM
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When PLC Ultima (PLCU) launched in 2021, who could have predicted
this new coin would go on to become one of the world’s most
valuable cryptocurrencies with a community of more than one million
people across 120 countries around the globe. Moreover, the speed
at which PLCU grew its community and attained this valuation is
particularly impressive. Within six months of its launch, PLCU had
matched the world’s best-known cryptocurrency and in less than a
year, sprinted past the leading Bitcoin to become more than twice
its value. How PLCU managed to achieve all this was no accident or
result of a clever marketing campaign that went viral. PLC Ultima’s
incredible success is down to its founder, Alex Reinhardt, choosing
to take a very different approach to the hundreds of other crypto
projects that launch every year. The road to success The technology
behind PLCU is based on infrastructure that was developed in
Switzerland approximately five years ago. The company’s developers
used this infrastructure to build a bespoke platform and developed
more than ten innovative crypto products in line with the company’s
vision. Unlike the majority of coins available to buy, PLCU wasn’t
created to be an investment vehicle that a trader purchases, sits
on and waits for its value to increase. This coin was created to be
used, and the vision and business model behind it are quite
different from anything else out there. In a recent interview, Alex
Reinhardt stated, “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 power behind PLCU, and it’s them who are driving
the growth and value of the coin by doing what they normally do on
an everyday basis like buying online, going to the grocery store
and operating their various types of businesses. To support the
community, PLCU has created an entire ecosystem (or cryptosystem)
to make their lives as easy as possible. Innovative products allow
the community to carry out their day-to-day purchasing, run a
business or even earn income by minting new PLCU coins. In effect,
they are a micro-economy with all the tools they need to not only
function but thrive. The best example of one of these products is
the innovative PLC Card. This is a physical crypto debit card that
can be used online or at any location with an electronic payment
terminal. The card has a unique dashboard allowing users to make
payments by fiat or a selection of cryptocurrencies. Keeping its
community not only happy but overjoyed is PLC Ultima’s number one
priority because the community is the road that will lead to PLCU’s
growth and continued success. An expanding community PLC Ultima has
ensured its community’s continual growth by providing them with all
it needs and listening to their wants, needs and suggestions to
improve processes. It’s the community who live and work within the
PLCU cryptosystem – therefore, their feedback is invaluable. With
the community itself driving the business, the company believes
that it’s the community that should profit the most from PLCU’s
increasing value. Thus, the company has implemented a number of
steps to ensure this happens, allowing the community to benefit
more than the company itself. For example, the company decreases
the production of new coins each month, and more than 50% of coins
are frozen for an entire year. The company also burns 1% of every
transaction that’s processed, and the company burns 100% of its own
coins to not compete with the community for liquidity. By
implementing these steps, the company builds trust and confidence
in the coin. In addition, the community feels appreciated and
rewarded for their loyalty. As a result, the community themselves
recommend others to join the project, which helps to drive the
growth of the coin even further. Thus, this delivers a mutually
benefiting relationship where everyone wins. A future with
limitless opportunity PLCU’s success story proves that thinking
outside the box and daring to take a different road can lead to
momentous results. The entire crypto industry is still in its
infancy, and technology and ideas are advancing every single day.
PLC Ultima’s founder recently said, “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.” In a way, nobody could
have predicted PLCU’s incredible rise in such a short period of
time. By the time the industry reaches its teenage years, who knows
what opportunities will present themselves to PLC Ultima and what
heights the company might reach?
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