XT launched USDT and XT token staking, introducing Ultiverse (ULTI) on its Launchpool.
Trading digital currency XT launched USDT and XT token staking, introducing Ultiverse (ULTI) as the newest project on its Launchpool. Participants could receive a share of the 251,800 ULTI mining payouts.
On June 6th at 10:00 UTC, staking will begin, and on June 8th at 0:00 UTC, mining will begin.
Over the course of five days, anyone can participate in mining for USDT and XT tokens. The total USDT stake is 1,555,550, while the total XT stake is 105,100. Participants who staked USDT will receive 80% of the reward money, while those who staked XT will receive 20%. We have set staking limits of 1,500 USDT and 405 XT per participant, and we distribute ULTI tokens daily.
Ultiverse is developing a virtual environment for video games that uses blockchain and artificial intelligence. This integration enables Ultiverse to build a media matrix, use non-fungible tokens (NFTs), create decentralized apps (dApps), and develop on-chain games. These elements are the foundation of Ultiverse.
In 2022, a $4.5 million seed investment round valued the business at $50 million. Binance Labs was one of the round’s major backers. The same backer also raised an additional $5 million for the project. Earlier this year, Ultiverse closed a $4 million strategic investment round, valuing it at $150 million. IDG Capital was the lead investor, and other prominent investors also contributed.
What is ULTI token?
Ultiverse created the ULTI token, a governance and utility token, to facilitate decentralized transactions between users. It offers monetary incentives to encourage users to contribute to and interact with the ecosystem.
A total of 4.6 billion tokens, or 46% of the total supply, will go to the community and ecosystem, 2 billion to investors, 1.7 billion to core contributors, 800 million to airdrops, and 9% split evenly between liquidity, IEO, and advisory purposes, according to ULTI tokenomics.
Ultiverse recently completed the ULTI token mining activity on OKX Jumpstart.