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Utherverse will launch the $UTHX token on Solana Blockchain in August 2024
Utherverse, a leading virtual reality and metaverse entity, announced the launch of its new utility token, $UTHX, scheduled for August 2024. Built on the Solana blockchain, $UTHX is set to enhance the experience of metaverse providing unprecedented utility within the Utherverse ecosystem.
Structured presale rounds and token allocation
The $UTHX token presale will be conducted in four separate rounds. The initial round, Round A, will cost tokens at $0.05 each, followed by Round B at $0.055, Round C at $0.06, and the final Launchpad round at $0.065. In total, 210 million tokens will be available for purchase during rounds A to C, with an additional 80 million tokens allocated to the Launchpad. The entire lifetime supply of $UTHX tokens is limited to 3 billion, the majority of which will remain locked and will be released gradually over the next decade in line with the expansion of the Utherverse’s Metaverse.
The choice of the Solana blockchain reflects Utherverse’s dedication to using cutting-edge technologies to improve the user experience. According to the company’s founder and CEO, Brian Shuster, choosing Solana ensures that $UTHX will benefit from the blockchain’s high-speed transactions and low fees, offering a seamless experience for users.
Multifaceted utility and user engagement
The $UTHX token is designed to function as the primary utility token within the Utherverse platform, providing essential services across the entire ecosystem. Users will be able to use $UTHX for various transactions both on and off the virtual world platform, using traditional crypto wallets and multiple distributed ledgers. Additionally, staking $UTHX tokens will allow users to earn rewards and multipliers, further incentivizing participation. The token distribution strategy includes halving rewards to drive adoption of the platform, along with airdrops to affiliates, users and Utherverse Sovereigns.
Pre-sale participants will receive additional prizes and wagering opportunities. Utherverse has allocated 300 million tokens to a New User Strategic Reserve (NUSR), which will be unlocked and air-launched as the metaverse platform gains traction. These tokens will be distributed based on criteria such as pre-sale participation, encouraging early and lasting engagement with the platform. Due to regulatory restrictions, pre-sales are not available to individuals in the United States or Canada unless they qualify as accredited investors. For those still interested, Utherverse offers membership packages on Utherverse.io, which include perks, discounts, and in-world tokens for use within the metaverse.
Advanced interconnectivity and customization
Utherverse’s next-generation platform, using the Xaeon metaverse browser, provides seamless interconnectivity between all metaverses on the platform. Each Utherverse Sovereign can be uniquely customized with its own styles, interfaces, avatars, games and rules, creating a decentralized system enriched with blockchain and Web3 functionality. This architecture gives users unprecedented control and security within an interconnected metaverse ecosystem.
Since its inception in 2005, Utherverse has been at the forefront of virtual reality innovation, serving tens of millions of users and establishing itself as a pioneer in the metaverse domain. The launch of $UTHX represents another significant milestone in Utherverse’s continued commitment to advancing the metaverse experience through innovative technologies and user engagement strategies.
Future prospects and impact on the community
As the Utherverse prepares for the official launch of $UTHX, the company anticipates a transformative impact on the metaverse landscape. The strategic implementation of $UTHX is expected to foster a more interactive and financially engaging environment for users, while attracting new participants to the platform. By leveraging Solana’s robust blockchain capabilities, Utherverse aims to set new standards in the metaverse industry, enhancing both the user experience and utility of the platform.
The upcoming release of $UTHX is set to not only strengthen the Utherverse ecosystem, but also impact the broader adoption and integration of blockchain technology within virtual worlds. As the company continues to innovate and expand, the Utherverse community will benefit from improved features, increased security, and increased opportunities for engagement and investment.