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What Is UFO Gaming (UFO)?

By | December 22, 2021
UFO is a utility token for the play-to-earn (P2E) gaming platform, named UFO Gaming, which is based on a DAO. The platform’s goal is to bridge the gap between traditional games and blockchain through integration and developing new gaming features, giving gamers the opportunity to earn assets (such as NFTs and currencies) while they play it.

The main utility token in the dark metaverse is UFO. Games created in the Dark Metaverse depict a world where players may buy a piece of the planet and earn money by fulfilling specific activities in the game. Super Galactic is one of the planets that has been introduced so far.

Built on the Ethereum network and combined with a super scalable Polygon L2 solution, Super Galactic is a decentralized game with a distinctive NFT collection and an auto battler. You’ll need a character to play Super Galactic. These are NFTs known as UFOeps. You must first farm Plasma Points using the native UFO token before minting UFOeps.

How does UFO Gaming (UFO) work?

UFO Gaming relies fully on the community and therefore works with a community-first mindset. Players can use their preferred genre to earn money on this platform for decentralized gaming. The user has complete control over the asset’s ownership. Assets provided by UFO Gaming can be moved from one platform to another. For this, one can use Gate.io, Shibaswap, or Uniswap.

UFO is a fully decentralized platform and automated system built on the principle of a decentralized autonomous organization, or DAO. Holders of the UFO token will be able to vote on community decisions for the Dark Metaverse and will be part of the UFO governance. The top holders will have DAO voting rights over the metaverse’s future.

The smart contracts of UFO Gaming are well-secured and audited from Hacken.

To begin interacting with the ecosystem, one must first obtain the UFO token. Because UFO tokens are the ecosystem’s principal utility token, they are required for anything related to it. To play Super Galactic, the first game launched by UFO Gaming, you’ll need to stake UFO or UFO/ETH LP token in The Cosmos first.

The P2E model serves as the foundation for Super Galactic. As a result, three major aspects are required to accomplish this.

  • Super Galactic, the main game.

  • A ranking system for dynamic NFTs in the game (UFOeps).

  • A system with three tokens – UFO (the primary token in the ecosystem, $UAP (Obtained by completing Super Galactic’s daily missions that are used to breed soldiers or UFOeps in the game), and Plasma Points (Generated by staking UFO, it used to buy UFOeps to play the game).

The game, together with the two token systems, contributes to the creation of an internal economic loop that ensures an unending revenue flow.

UFO Gaming (UFO)Tokenomics

According to the official tokenomics, the total supply of UFO tokens is 25,757,575,757,575, and the circulating supply stands at 25,757.58B UFO.
UFO Gaming (UFO) Price

UFO Gaming (UFO) is now trading at around $0.00003048, as of Dec. 16, 2021. Its 24-hour trading volume on exchanges is around $20,982,931.

Reference: https://coinmarketcap.com/alexandria/article/what-is-ufo-gaming-ufo-features-tokenomics-and-price-prediction

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