Ultraproex is a newly launched crypto exchange that is giving away 25 USDT reward to new users and a $2 referral incentive to users for inviting others to the platform. While the offer appears to be juicy, the main question probably going through the mind of most users has to do with confirming the legitimacy of the USDT reward being given to new users.

Key Takeaways

• Ultraproex is a newly launched crypto exchange that is giving away free 25 USDT to all users who create an account in the prelaunch stage.
• Apart from the welcome bonus, users also stand a chance of earning $2 for each referral making the platform highly rewarding for people with a large number of following.
• Despite the huge bonuses they promise users, there is a high chance that all the claims are not real because, the rewards are simply unrealistic for an application that hasn’t been fully launched, additionally, there’s no public mentions or partnerships with the upcoming exchange and the owner or founder’s identity is kind of hidden.
• Launch date and withdrawal is slated to commence on the 9th of October.

The crypto bonanza is meant for the first 10 million users to create an account on the exchange according to the information on their page but in this article, we will go over all there is to know about the new exchange, how to create an account in order to secure the bonus and finally, our take as to whether the project is legit or a waste of time. So before signing up, it’s best to read this article till the end to determine the next steps to take.

About Ultraproex

Ultraproex as previously mentioned is a cryptocurrency exchange with a mobile application available on both Android and iOS. They claim to support up to 150 crypto assets, with the aim of providing their users with vast number of coins to trade when they finally get fully launched.

Users who are interested in using the exchange are expected to download the mobile application from either Play store or apple store and sign up to position for the USDT bonanza and also stand a chance of earning more by referring others.

When we talk about crypto exchanges, what should come to your mind is a platform for buying, selling and storing all kinds of crypto assets on the go. There are numerous established exchanges at the moment, and ultraproex claims to be working towards joining the fold.

How to Get Started

To get started like I said, hop into either Play store or Apple Store and download the ultraproex mobile application.

After downloading, proceed to create an account with your real details because an otp will be sent to your mail for full confirmation of the newly created account. While signing up, you may be asked to submit a referral code, copy this code –  and paste to complete registration.

When you are done registering, you will be shown the login form to enter email and password. Do that to gain access to the main dashboard, where you will see a couple of tabs such as Assets, Market, Trade etc.

Most of the features have not been launched but you can readily find the 25 USDT reward in your assets as soon as you complete registration. On the homepage too, you can find details about the referral campaign.

According to the information on the app, users who refer others can earn up to $2 USDT reward once the user completed registration with their referral code.

When Is Ultraproex Launching?

The full launch and KYC is slated to happen on the 9th of October, 2024. This means that, users who have gotten the 25 USDT bonus might be able to withdraw the reward after completing their KYC requirements.

Verdict

Is the 25 USDT reward legit? In my opinion and from what I have noticed, the ultraproex USDT bonanza may not be legit or real. There are reasons to believe so and one of them is, the little to no activity needed for obtaining the reward.

In order for users to get the reward, all they have to do is create an account and login, there is no special task or requirement to complete and they claim up to 10 million users will receive the reward. How realistic does this sound to you? Even the biggest crypto exchange in the world cannot give out such a huge reward to that number of users without adequate planning and arrangement not to mention, a crypto exchange that has not even been fully launched.

Personally speaking, I think the reward is most likely fake. It’s just to lure in unsuspecting individuals to download and create an account on the app. I have had a fair share of experience on such apps and believe me when I say that, most of them never actually pay users. It’s either they resort to extending the launch date indefinitely or they come up with some new rules to stop users from being able to withdraw the rewards when the time comes.

Additionally, ultraproex publisher seems to be from India. If you have been in the online space for a long time, you should know the notoriety that comes from developers who are from India. I am not trying to be stereotypic but most platforms created by Indian devs often turn out to be outright waste of time. So even if you are going to participate, do so with no expectations of receiving money.

I went through the website for sometime and on the FAQ page, they mentioned one, Nagarajan Narayanasamy and when I looked up the name and a LinkedIn profile appeared but when I clicked on it to know more about the person, it returned a 404 page error. With the owner being non-existent, there’s no way to take the project seriously and as such, before you go about referring alot of users to the app, endeavour to conduct your due diligence.

They claim to have launched their native token, UPRO in 2023 but when I ran a check on when their domain name was created; I discovered the website was launched in July, 2024. Meaning it hasn’t even been around for 6 months, so the information on their FAQ is also false to an reasonable extent and this also casts doubt as to whether the exchange is legit.

No partnerships, no public mentions or affiliations with other exchanges and no detailed introduction of ultraproex on credible websites and platforms. It’s normal for a project that claims to be giving away this amount of money to have a detailed introduction on big media platforms at least to give intending users and early users, an insight into what they should be expecting. This is not the case on ultraproex which further reduces the chances of it being legitimate.

Pros

• Seamless registration
• Instant 25 USDT reward
• Unlimited referral bonus
• Close Launch Date

Cons

• No partnerships or public mentions
• No public information on the so-called owner.
• Developer’s country of origin
• Unrealistic bonuses

Conclusion

Ultraproex doesn’t look solid enough to pay out the huge amount they claim to be giving out in the bonanza and as such, it’s best for everyone to lower his or her expectations.

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