The project is already operational, 100% functional. You can start mining with software for Windows, Linux and Mac.

An Android version is also available(http://www.ultrapoint.org/download-android-app-playstore.html). There is a web version http://web.ultrapoint.org/and a creator of paper wallets (cold storage) http://wallet.ultrapoint.org/.

Actual uses:
At the moment it is being distributed as bonus, gift points, etc.

It is being used to pay for goods and services on certain pages, and offline businesses (see the "ecosystem" page on the project site).

It is being bought and sold online, and face-to-face (UltraPoint is intended to be used as a daily currency).

The ecosystem continues to grow, currently the registration process is under way in several Exchanges.