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Defi Project Ultrasafe Explodes on all Fronts

The majority of cryptocurrency projects would argue that growing rapidly is impossible, and they would be correct. Due to the high level of competition in the cryptocurrency business, with new projects being launched regularly, it is nearly impossible to stand out from the crowd. Even the most promising projects are forced to scramble to distinguish themselves from the endless sea of frauds and rugpullers.

But some ventures make this expansion appear straightforward – something that can only be accomplished through a mix of a strong pitch, significant potential, and ideal timing. Those projects are rare. Everyone has had the experience of conversing with a friend in a room full of people when everyone appears to stop talking at the same time, just as you are about to say something humiliating to the group. These are the quiet periods in Defi that projects with impeccable timing take advantage of to burst into the Crypto-sphere. With Ultrasafe, this is exactly what happened.

Ultrasafe Experiences Rapid Growth

Users can purchase and hold Ultrasafe’s token, ULTRA, in exchange for incentives from the project’s reflections protocol. Ultrasafe is a new Defi project that allows users to buy and hold its token, ULTRA. To put it another way, the idea allows users to make passive income while also assuring that investors’ assets are protected from both cyber attacks and rug pull attempts. The project has benefited from a tremendous amount of community support, which has resulted in the achievement of multiple milestones in a relatively short period.

According to its platform, Ultrasafe, for example, claims two world records in the field of defibrillation. The first one has reached a market capitalization of $60 million in less than 48 hours, and the second one has reached a total of 5,000 holders in a single day. It is undeniably a promising start, one that not many ventures are fortunate enough to enjoy.

The project was released on Binance Smart Chain only a few weeks ago, and it has already undergone several audits that have validated its legality and high quality. The first one took occurred before the debut, which is likely a contributing factor to the community’s early acceptance of the Defi technology.

Within the first 24 hours of its launch, the project reached a market capitalization of $10 million, was listed on CoinGecko, and reached 5,000 holders, as previously stated. In a little more than 24 hours, the number of holders more than doubled to ten thousand, and the initiative declared that a second audit will be conducted shortly after. Ultrasafe had 13k users during the 36th hour after the debut, and the company staged a $5,000 prize to thank the community, which caused it to become a trending topic on CoinGecko.

In just three days after launching (on May 17th), it achieved the most level of liquidity locked off of any coin on Cryptex, and on the same day, it issued its whitepaper. The project’s second audit, conducted by CertiK, came to an end the very next day, just as it reached the milestone of 25,000 holders.

By May 20th, the initiative had begun to garner significant interest, and it had even been listed on the country’s first centralized exchange, LBank.info. Before this, it could only be obtained through BSC’s PancakeSwap service. It is important to note that all of this occurred amid the crypto macro-market price fall, which reduced the value of most currencies by 50%. As a result, ULTRA’s performance has not been nearly as outstanding as the company’s development in other sectors. However, if the bears are relinquishing their grip on the market, the price will almost certainly catch up in the coming days.

In the meantime, by May 30th, Ultrasafe had released its second audit, completed two giveaways, erupted on social media platforms such as Twitter and Telegram, and had put its billboard in Times Square into operation. The project is rapidly approaching 50,000 investors, and it has only recently been published on CoinMarketCap, which will surely assist to increase its visibility. However, considering that CoinMarketCap has been controlled by Binance for approximately a year, the company’s primary goal is to become a part of the Binance ecosystem. The CMC listing is expected to be the first step towards achieving that goal.

Overall, Ultrasafe is one of the most rapidly expanding new initiatives in the broader crypto sector, and it will be interesting to watch how quickly it can achieve new milestones in the future. The project’s emphasis on being the safest place for cryptocurrency investors to put their wealth has proven to be a significant factor in its development and success. When it comes to ensuring that their holders’ funds stay the safest in the crypto-space, it will be interesting to watch what precautions the developers will take.

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Evangeline Christina is a Cyber Security Enthusiast, Security Blogger, Technical Editor, Certified Ethical Hacker, Author at Cyberspecial.net. Previously, he worked as a security news reporter in a reputed news agency.