Utherverse Announces the Launch of Its New Utility Token, $UTHX, Scheduled for August 2024

Built on the Solana blockchain, $UTHX is set to enhance the metaverse experience by providing unprecedented utility within the Utherverse ecosystem.

Virtual reality and metaverse pioneer Utherverse has announced the upcoming launch of its native utility token, $UTHX, on the Solana blockchain. This token will play a crucial role in enhancing the metaverse experience within the Utherverse ecosystem.

The $UTHX token presale will be conducted in four distinct rounds. The initial round, Round A, will price the tokens at $0.05 each, followed by Round B at $0.055, Round C at $0.06, and the final Launchpad round at $0.065. In total, 210 million tokens will be available for purchase during Rounds A through C, with an additional 80 million tokens allocated for the Launchpad. The entire lifetime supply of $UTHX tokens is capped at 3 billion, most of which will remain locked and will be released gradually over the next decade in alignment with the expansion of the Utherverse Metaverse

The choice of the Solana blockchain reflects Utherverse’s dedication to utilizing cutting-edge technology to improve user experience. According to the company’s founder and CEO, Brian Shuster, the selection of Solana ensures that $UTHX will benefit from the blockchain’s high-speed transactions and low fees, offering a seamless experience for users.

The $UTHX token is designed to function as the primary utility token within the Utherverse platform, providing essential services across the entire ecosystem. Users will be able to use $UTHX for various transactions both within and outside the virtual world platform, utilizing traditional crypto wallets and multiple distributed ledgers. Additionally, staking $UTHX tokens will allow users to earn rewards and multipliers, further incentivizing participation. The token distribution strategy includes halving rewards to foster platform adoption, alongside airdrops to affiliates, users, and Utherverse Sovereigns.

Participants in the presale are set to receive additional rewards and staking opportunities. Utherverse has allocated 300 million tokens to a New User Strategic Reserve (NUSR), which will be unlocked and airdropped as the metaverse platform gains traction. These tokens will be distributed based on criteria such as presale participation, encouraging early and sustained engagement with the platform. Due to regulatory restrictions, the presale is not available to individuals in the USA or Canada unless they qualify as accredited investors. For those still interested, Utherverse offers membership packages at Utherverse.io, which include benefits, discounts, and in-world tokens for use within the metaverse.

Utherverse’s next-generation platform, utilizing the Xaeon metaverse browser, provides seamless interconnectivity across all metaverses on the platform. Each Utherverse Sovereign can be uniquely customized with its own styles, interfaces, avatars, games, and rules, creating a decentralized system enriched by blockchain and Web3 features. This architecture offers users unprecedented control and security within an interconnected metaverse ecosystem.

Since its inception in 2005, Utherverse has been at the forefront of virtual reality innovation, serving tens of millions of users and establishing itself as a pioneer in the metaverse domain. The launch of $UTHX represents another significant milestone in Utherverse’s ongoing commitment to advancing the metaverse experience through innovative technology and user engagement strategies.

As Utherverse prepares for the official launch of $UTHX, the company anticipates a transformative impact on the metaverse landscape. The strategic implementation of $UTHX is expected to foster a more interactive and financially engaging environment for users, while also attracting new participants to the platform. By leveraging the robust capabilities of the Solana blockchain, Utherverse aims to set new standards in the metaverse industry, enhancing both user experience and platform utility.

The forthcoming release of $UTHX is poised to not only bolster Utherverse’s ecosystem but also to influence the broader adoption and integration of blockchain technology within virtual worlds. As the company continues to innovate and expand, the Utherverse community stands to benefit from enhanced features, greater security, and more opportunities for engagement and investment.

News source：https://www.kdj.com/cryptocurrencies-news/articles/utherverse-announces-launch-utility-token-uthx-scheduled-august.html

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