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UltronGlow is a decentralized open source public blockchain platform. UTG is the native governance token of UltronGlow.
The concept of UltronGlow was first proposed by the programmers of Base in 2019 after being inspired by Ethereum and Filecoin, positioning it as a "blockchain platform for distributed edge computing and fragmented storage applications".
The ultimate vision of the UltronGlow network is community autonomy, all participants can freely enter and exit, give and gain under the premise of network principles.
The UltronGlow ecosystem contains two types of tokens:
UTG (main chain token)
The governance token on the UltronGlow blockchain is called (Ultron), the code is UTG, and can be traded in many cryptocurrencies It is traded on the market, and it is also the medium used to pay transaction fees, distributed fragment storage, and edge computing services on UltronGlow.
Through the use of various services by users, UTG will be minted and destroyed, and finally only 21 million pieces will be left to stop burning. In this way, the circulation of UTG will not cause inflation and depreciation over time, but will allow UTG to form a perfect closed loop through output, consumption, final deflation, and value-added.
SRT (PoTS Effective Storage and Settlement Token)
SRT is the settlement token for the basic storage fee and value-added service fee of the PoTS distributed fragmented storage network underlying UltronGlow. The price is anchored to USDT/USDC, and the quantity is unlimited.
SRT is a bridge from the real world to the virtual world. It reflects the amount and value of effective storage generated by application service providers providing services on the UltronGlow network. disappears with the deactivation of active storage.
In UltronGlow, SRT can only be minted through the conversion of UTG according to the market price. It is used for the consumption of POTS effective storage and cannot be traded.
"UTG-SRT" Economic Closed-loop Design
"Pay SRT to purchase services → services generate effective storage → effective storage rewards UTG → UTG is converted into SRT" This is the most direct embodiment of the closed-loop relationship between dual tokens.