Solana
Utherverse will launch the $UTHX token on the Solana blockchain in August 2024
Utherverse, a leading entity in the virtual reality and metaverse industry, announced the launch of its new utility token, $UTHX, scheduled for August 2024. Built on the Solana blockchain, $UTHX is expected to improve the metaverse experience by providing unprecedented utility. within the Utherverse ecosystem.
Structured Presale Rounds and Token Allocation
The $UTHX token presale will take place in four separate rounds. The initial round, Round A, will cost the 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. A total of 210 million tokens will be available for purchase over Rounds A through C, with an additional 80 million tokens allocated to Launchpad. The total supply of $UTHX tokens is capped at 3 billion, most of which will remain locked and will be gradually released over the next decade in line with the expansion of the Utherverse metaverse.
The choice of the Solana blockchain reflects Utherverse’s commitment to using cutting-edge technology to improve the user experience. According to the company’s founder and CEO, Brian Shuster, the selection of Solana ensures that $UTHX will benefit from blockchain’s high-speed transactions and low fees, providing a seamless experience for users.
Multi-Faceted 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 inside and outside 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 encouraging participation. The token distribution strategy includes halving rewards to drive platform adoption, as well as airdrops to Utherverse affiliates, users, and sovereigns.
Presale participants are expected to receive additional rewards and staking opportunities. Utherverse has allocated 300 million tokens to a New User Strategic Reserve (NUSR), which will be unlocked and airdropped 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-sale is not available to individuals in the United States or Canada unless they qualify as accredited investors. For those who are still interested, Utherverse offers membership packages on Utherverse.io, which include perks, discounts, and in-world tokens for use in 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 their own styles, interfaces, avatars, games and rules, creating a decentralized system enriched by blockchain and Web3 functionality. This architecture provides users with unprecedented control and security within an interconnected metaverse ecosystem.
Since its founding 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 field. The launch of $UTHX represents another milestone in Utherverse’s ongoing commitment to advancing the metaverse experience through innovative technology and user engagement strategies.
Future prospects and community impact
As 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 the robust capabilities of the Solana blockchain, Utherverse aims to set new standards in the metaverse industry, improving both the user experience and utility of the platform.
The next release of $UTHX is poised to not only strengthen the Utherverse ecosystem, but also influence the broader adoption and integration of blockchain technology in virtual worlds. As the company continues to innovate and grow, the Utherverse community will benefit from improved features, greater security, and more opportunities for engagement and investment.