PLC Ultima A Cryptocurrency For Mass Use Or A Scam?

Entering the crypto market with the possibility of adding utility, is PLC Ultima really worth spending your money on?

In December 2021, a new contender entered the cryptocurrency market. Going by the name PLC Ultima (PLCU), the currency was just valued at US$0.10 when it first came into existence. To put this into perspective, 6000 cryptocurrencies had been launched in 2021, taking the total number of cryptos in the market from 10,000 to 16,000. 

Sounds like nothing special right? But what separates PLCU from the other currencies that entered the market in 2021 is that despite its short lifetime, this crypto has attracted a community of over one million people from over 120 different countries. But before you decide to invest your hard-earned money into this crypto and become a member of this community, let’s take a look at what PLC Ultima is and whether it is really as special as it seems to be. 

What is PLC Ultima?

PLCU is a deflationary currency with a maximum supply of 11,000,000 PLCU coins. But unlike other deflationary cryptocurrencies, like Bitcoin, PLCU is not intended to be used as a store of value. In fact, PLCU’s website defines it as an infrastructure project meant to bridge the gap between crypto and traditional businesses. To put it simply, the currency is meant to be used for making payments for goods and services instead of being used as an investment. It is different from other cryptocurrencies in the following aspects:

Minting as opposed to…

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