#### What is Ultima? Ultima (ULTIMA) is a dynamic [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) ecosystem that revolves around the ULTIMA token. This ecosystem brings together a variety of innovative products, including advanced crypto [wallets](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet), a unique crypto debit card, a crowdfunding platform, and its own marketplace, among others. The mission of Ultima is to develop a seamless cryptocurrency product that aims to change the way people interact with cryptocurrency globally, enabling them to make instant cross-border payments in crypto. The ULTIMA token is designed to be user-friendly and suitable for everyday use as a means of payment, aiming to fill the gaps and shortcomings of other cryptocurrencies. #### How does Ultima work? Ultima operates on a deflationary strategy, which includes a limited offer of [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token), a delegated [liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-) pool, and [halving](https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-halving) rules. The total number of tokens on the market is 100,000. Ultima tokens from the liquidity pool are [distributed](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/distributed) daily to SPLIT token holders in proportion to the number of SPLIT tokens they hold. The [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) implements halving rules, where every 10,000,000 [blocks](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/block), the number of tokens distributed daily decreases by half. In the first year of operation, it is 50 coins, in the second year, it's 25, and by 2028, only 1 Ultima will enter the market per day. This strategy aims to maintain liquidity and stability of the exchange rate even during bear markets. #### What are the potential use cases for Ultima? Ultima aims to become the most widely used cryptocurrency globally and an ecosystem accessible to everyone. It is designed to be suitable for use as an everyday means of payment. Ultima plans to become the central point for entering fiat currency, offering fast transaction periods and low [volatility](https://www.coinbase.com/learn/crypto-basics/what-is-volatility) risks. It enables instant transactions from any part of the world without intermediaries, round-the-clock work in real-time mode, safety and security of the system, independence, absolute anonymity, and free conversion of Ultima into fiat funds and other coins. It also aims to solve issues such as unstable exchange rates and the complexity of most cryptocurrencies for users without a technical background. #### What is the history of Ultima? The history of Ultima dates back to Switzerland in 2016, starting with a team of professional developers with extensive experience in working on crypto products and payment systems. The idea to create a blockchain that could solve the problems of existing cryptocurrencies came to the founders in 2016, and it was first implemented in 2017. In 2018, the updated blockchain was launched, which was based on deflationary coinbase transactions. Today, Ultima operates in over 120 countries around the world. The launch of Smart Blockchain was a new development stage for the team, incorporating the best features of modern blockchains.