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Introduction

Intro

ULTRA PRO is a blockchain developed by UPRO and its community that implements a vision of a decentralized exchange (DEX) for digital assets.

At the heart of ULTRA PRO is a highly performant matching engine built on distributed consensus that aims to replicate the <1 second trading efficiency of current centralized exchanges.

ULTRA PRO transactions burns UPRO (the native token of the UPRO ecosystem), according to a fee schedule.

ULTRA PRO also includes efforts to implement listing assets from other chains, and cryptographic primitives such as threshold signatures.

Functionality

ULTRA PRO has the basic features of most blockchains:

  • Sending and receiving UPRO and digital assets
  • Issuing new digital assets (we have a standard called BEP-2)
  • Mint/burn, freeze/unfreeze, lock/unlock of digital assets

It has DEX and trading-specific functionality:

  • Propose exchange listing for trading pairs
  • Creating maker/taker orders for traders
  • Listing assets from other chains using atomic swaps (BEP-3)

ULTRA PRO also implements new features, such as

  • Threshold Signatures (an alternative to multisig)
  • Smart Contracts sidechain (in-progress)

Participate

There are different ways to participate in the network, from light nodes to full validators.

ULTRA PRO follows a philosophy of progressive decentralization. We envision a future where organizations and individuals can run validator nodes, and UPRO can be staked to join governance.