When PLC Ultima (PLCU) launched in 2021, who could have predicted this new coin would go on to become one of the world’s most valuable cryptocurrencies with a community of more than one million people across 120 countries around the globe.
Moreover, the pace at which PLCU grew and achieved this valuation is remarkable. Within six months of its launch, PLCU had matched the world’s best-known cryptocurrency and in less than a year, sprinted past the leading Bitcoin to become more than twice its value.
PLCU was the result of a well-designed marketing campaign, which went viral. PLC Ultima’s incredible success is down to its founder, Alex Reinhardt, choosing to take a very different approach to the hundreds of other crypto projects that launch every year.
How to succeed
PLCU’s technology is based upon infrastructure developed in Switzerland around five years ago. The company’s developers used this infrastructure to build a bespoke platform and developed more than ten innovative crypto products in line with the company’s vision.
Unlike the majority of coins available to buy, PLCU wasn’t created to be an investment vehicle that a trader purchases, sits on and waits for its value to increase. The vision behind this coin is unique and so was the business model.
In a recent interview, Alex Reinhardt stated, “My goal is to bring about a real economy in the crypto-world through PLC Ultima. The vision is to become a mass-market cryptocurrency with the world’s largest user base.”
The community is the power behind PLCU, and it’s them who are driving the growth and value of the coin by doing what they normally do on an everyday basis like buying online, going to the grocery store and operating their various types of businesses.
PLCU created a whole ecosystem or cryptosystem to support its members. The community can use innovative products to manage their daily purchasing and run a small business. They also have the ability to make new PLCU coins, which allows them to earn an income. They act as a microeconomics with the necessary tools to help them thrive and function.
PLC Card is the best example. It is a digital crypto debit card which can be used anywhere with an internet connection. It has an individual dashboard that allows users to pay with fiat and cryptocurrencies.
Keeping its community not only happy but overjoyed is PLC Ultima’s number one priority because the community is the road that will lead to PLCU’s growth and continued success.
An expanding community
PLC Ultima has ensured its community’s continual growth by providing them with all it needs and listening to their wants, needs and suggestions to improve processes. It’s the community who live and work within the PLCU cryptosystem – therefore, their feedback is invaluable.
With the community itself driving the business, the company believes that it’s the community that should profit the most from PLCU’s increasing value. The company took a variety of measures to make sure this happened, so that the community can benefit even more than the business.
The company, for example, reduces its production by 50% each month and keeps more than half of the coins frozen for a year. The company also burns 1% of every transaction that’s processed, and the company burns 100% of its own coins to not compete with the community for liquidity.
These steps help build trust in the cryptocurrency. The community is also rewarded and appreciated for their loyalty. This encourages the community to recommend other people to the project. It also helps drive growth for the coin. This results in a reciprocally beneficial relationship, where everyone benefits.
Unlimitless opportunities for the future
PLCU’s success story proves that thinking outside the box and daring to take a different road can lead to momentous results. While the crypto market is still young, new technology and innovative ideas are being developed every day.
PLC Ultima’s founder recently said, “I believe that crypto will continue to go from strength to strength, and we’ll see new technologies and applications materialize that we haven’t even imagined yet. The future looks exciting to me, and I’m positive it will be full of many new opportunities.”
In a way, nobody could have predicted PLCU’s incredible rise in such a short period of time. PLC Ultima will reach its teens years. Who knows what potential opportunities may present themselves and the heights that the company could achieve?