What Is UFO Gaming (UFO)?
UFO is the native token of UFO Gaming, which is a decentralized crypto-based gaming platform. While the platform itself runs on Ethereum, its games are built on Immutable X (Ethereum-based NFT project scaling solution). If you're interested in the current UFO price, check out the UFO Gaming price chart above.
The UFO Gaming platform features the Dark Metaverse, which is a space-like metaverse where UFO Gaming stores all of its games, virtual lands, and the Metaverse Launchpad. The latter is used for developing games. Each game developed by UFO Gaming represents its own planet.
Apart from UFO tokens, the UFO Gaming project also has UAP tokens and Plasma Points (made specifically for the Super Galactic game). Users have to complete various quests and daily tasks to earn UAP tokens. They are mostly used for merging or purchasing Super Galactic NFTs (UFOeps).
Plasma Points are used for accessing the Super Galactic game and minting UFOeps. They can only be generated through the Super Galactic staking dApp. In the dApp, users have to stake UFO tokens in a UFO vault or a UFO-ETH liquidity pool.
Besides, it’s worth noting that the platform holds its own UFO Gaming Tournaments. For instance, pro gamers, streamers, and members of the general gaming public competed in an Apex Legends tournament for $10,000 as part of the UFO Gaming $10k Cup.
Super Galactic
Super Galactic is the very first game developed on the Dark Metaverse Launchpad. It’s an NFT-based RPG and auto battler game. It features an NFT marketplace, playable NFTs, and a play-to-earn model. Players have to breed and upgrade their own super soldiers called UFOeps. UFOeps are playable NFTs used to battle against the Super Galactic aliens. Besides, every UFOeps has a Spirit Force, which is a uniquely generated power force.
UFOeps can either be bought using UAP tokens on the in-game NFT marketplace, minted by farming Plasma Points, or bred by merging two UFOeps. Though apart from regular UFOeps, there are also Origin UFOeps, which can be minted during the so-called Cosmos Event. These are the rarest pieces in the whole UFOeps NFT collection. However, the likelihood of minting an Origin UFOep diminishes over time.
Founders of UFO Gaming
The UFO Gaming crypto project was founded in 2021. However, the team behind the project chose to remain anonymous. They only disclosed that it’s not their first game and that they have mostly been in the crypto space since 2014.
Use Cases of UFO Tokens
UFO tokens are based on an ERC-20 token standard. Overall, UFO is the main currency of the whole UFO Gaming crypto project. Though it has more than one use case, including:
- Governance. UFO holders can participate in the decision-making processes considering the further development of the UFO Gaming project.
- Metaverse token. UFO tokens are used as a payment method while purchasing exclusive virtual areas on the Dark Metaverse that come in the form of NFTs, or making any other purchases on the Metaverse.
- Staking. As mentioned before, UFO tokens can be staked in a UFO vault, or a UFO-ETH liquidity pool, to generate Plasma Points.
Besides, don't forget to check out the live UFO price on the UFO Gaming price chart above.
Tokenomics of UFO
The max supply of UFO Gaming coins is 25,757,575,757,575, which is quite a specific number. Though the initial supply of UFO was 51.5 trillion. Half of the supply was added to a liquidity pool on Uniswap, while the other half was burned during the Token Generation Event. Besides, there were no pre-selling or pre-mining events held for UFO tokens.
If you’re planning to buy UFO Gaming tokens, note that the UFO price is prone to change. This happens because the UFO Gaming price, just like the prices of other crypto assets, gets affected by the volatility of the whole crypto market. Thus, make sure to analyze how it changes over time before making any purchases.
