No, Ultimate training is a one time thing to give a kick start into the new system of charms and magatamas.

Later on we'll get follow up daily systems. I do think it's not going to be long from now though, considering this week we are having Minato, Hokage Tsunade, Tobirama, and Nite tails naruto (and Minato is at half it's normal price, Tobirama also 24k) I am very strongly led to believe we are getting new treasure(s?) next week. Max in two weeks.

Along with this new functions of the game are sure to come soon.

Thank you for the fast reply. :)

So the daily will give us chances to get charms & rainbow magatamas?

I hope for reset or quick follow up too. Already did mine and don't have anything to do. Again...

can someone tell me what the "tool essence" is for exactly?

the tool essence item is for reforging a ninja tool to add or change one of the stat buffs that a ninja tool provides