OKX Jumpstart is launching the Ultiverse token (ULTI), with mining starting on June 3rd and ending on June 6th.
The platform primarily focuses on fundraising and token launches, OKX Jumpstart has announced the launch of the Ultiverse token, ULTI. On June 3rd at 6:00 am UTC, token mining will start, and it will run until June 6th at 6:00 am UTC. Owners of ETH and BTC will be able to stake their money in order to mine ULTI tokens.
It is possible for each participant to stake up to 3.5 ETH and 0.3 Bitcoin. According to OKX, there is no minimum staking amount per person, and between the ETH and BTC staking pools for mining, there are 150 million tokens total. It is up to the users to decide when and how to stake their money. On June 6th, trading for the mined tokens will start.
For staking purposes, we advise users to add Bitcoin and Ethereum to their funding accounts before mining. To stake the money, users must first log into the OKX program and navigate to the Grow section’s Jumpstart. To automatically return their Bitcoin or Ethereum to their funding account, users simply need to click the “unstake” button.
Ultiverse: What Is It?
It is creating a game environment that combines blockchain and AI. This makes it possible to develop the essential components of Ultiverse, which include on-chain games, the use of non-fungible tokens (NFTs), the construction of decentralized apps (dApps), and the creation of a media matrix.
It also facilitates the development of an AI-powered content creation infrastructure and strategic collaborations, which encourage the use of Web3 technologies.
Through a private token sale round, the platform earned $4 million in capital in February. Together with other investors, IDG Capital, Animoca Brands, and Polygon Ventures led this round.
Ultiverse users plan to use ULTI, a useful multi-utility coin, as a decentralized means of trading. Ten billion ULTI tokens are available in total. Ultiverse aims to provide 46% of this supply to the ecosystem and community, 20% to investors, and 17% to core contributors.
Additionally, Ultiverse will allocate 9% equally to Jumpstart, advisory, and liquidity projects, with the remaining 8% allocated to airdrops.