Ultiverse
ULTI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ULTI (Ultiverse) exhibits severe weaknesses across almost all fundamental and operational metrics, resulting in a low composite score of 3.0. Active development is effectively stagnant, with a minimal GitHub presence and an absence of recent releases, code commits, or network upgrades over the past 12–18 months. Community engagement and on-chain usage are virtually nonexistent, displaying near-zero daily transfer activity on BSC despite a large holder count. Market adoption is critically impaired, with depressed market valuation, minimal trading volume, and presence on few exchanges. Tokenomics reflect significant unlock overhang risk and extreme holder concentration without deflationary counters, while the underlying contract remains mintable with non-renounced ownership and concentrated insider holdings (56.69%). Although the project had respectable early backing (Binance Labs, Sequoia) and no security exploits or regulatory enforcement actions were identified, the combination of dormant development, lack of traction, high centralization risks, and massive market decline warrants extreme caution.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ultiverse (ULTI)
Ultiverse (ULTI) is the native cryptocurrency for an artificial intelligence and Web3 gaming and metaverse ecosystem. Operating primarily on BNB Chain alongside an Ethereum contract, the project is led by Chief Executive Officer Frank Ma and received early financial backing from institutional investors including Binance Labs and Sequoia, as well as a seed round investment from Three Arrows Capital prior to the fund's 2022 insolvency. The ULTI token has a total supply of 10 billion units and is structured for in-ecosystem utility, including gaming interactions, marketplace transactions, community events, and platform governance.
Governance framework details were outlined in a whitepaper published in August 2024, allowing token holders to vote on ecosystem proposals. However, governance processes remain centralized and off-chain, with no demonstrated decentralized autonomous organization (DAO) execution history. The tokenomics model incorporates a fixed maximum supply without native deflationary or burn mechanisms, creating unlock overhang risks tied to low initial circulating floats.
Ultiverse has faced severe market decline, characterized by an unrecovered price drawdown exceeding 50% from its initial listing-era valuation, depressed daily trading volume, and near-zero daily on-chain transfer activity. Development has stagnated, with no documented code releases, mainnet upgrades, or public repository activity over a 12-to-18-month period. Security analyses also highlight centralization risks: the token contract is mintable, ownership has not been renounced, and major holders control approximately 56.69% of the supply outside exchange and locked contracts. Additionally, the project's sole published smart contract audit dates to 2022, predating the token's June 2024 launch.