OKX’s new coin issuance platform, Jumpstart, will launch the mining activity for the new project Ultiverse ($ULTI) next Monday (6/3) at 2 PM. Users will be able to stake Bitcoin and Ethereum to earn a total of 300 million $ULTI tokens.
After the successful mining activity for Notcoin ($NOT) on Telegram, Jumpstart is now announcing the launch of Ultiverse ($ULTI) approximately two weeks later. Ultiverse is an AI-driven Web3 gaming platform with a significant presence in the community, boasting over 370,000 members on Discord.
The mining activity for Ultiverse will start next Monday (6/3) at 2 PM and will allow users to stake up to 0.3 BTC and 3.5 ETH in order to earn a total of 300 million $ULTI tokens, which accounts for 3% of the token’s total supply. The activity will last for only three days, ending on June 6th at 2 PM. The distribution and trading of $ULTI tokens are expected to begin later on the same day.
It is important to note that users from China, Hong Kong, and South Korea will not be able to participate in this activity.
Jumpstart Details:
Ultiverse: An AI-driven all-in-one gaming platform
Ultiverse is an AI-driven all-in-one gaming platform that combines AI, metaverse, social, and blockchain gaming elements. Users can explore various games within its ecosystem, such as the BAC Game, which allows users to participate in the Blast’s BIG BANG competition. Users can interact with the games in the ecosystem by consuming Gas and earn points and SOUL, which are expected to be exchangeable for $ULTC tokens.
In addition, holders of the Genesis NFT Electric Sheep will also receive an airdrop of $ULTI tokens, with the floor price reaching as high as 2.3 ETH.
At the end of April, the official launch of $ULTC public sale took place, where participants could compete for a total of 8,000 Gold Chip NFTs by staking 0.25 ETH (valued at approximately $750 at the time). After the launch of $ULTI tokens, Gold Chip NFT holders can burn their NFTs to receive monthly $ULTC airdrops. It is worth noting that Gold Chip NFTs were once valued at $3,000 off-market, and the current floor price is 0.36 ETH (approximately $1,340), indicating high market expectations for $ULTC.
Ultiverse has raised nearly $14 million in funding, with investors including Binance, Sequoia, Animoca Brands, and notable individuals in the NFT industry such as Dingaling and 0xSun. The latest round of funding values Ultiverse at nearly $150 million.
In terms of token economics, $ULTI has a total supply of 1 billion tokens. Of this, 3% is allocated to the OKX Jumpstart activity, 8% for airdrops, 20% for investors, and 17% for core contributors. The community and ecosystem account for the largest portion, at 46%.
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