Metaverse gaming platform Ultiverse releases Ultiverse white paper and token economics

On January 3rd, Ultiverse, a metaverse gaming platform, announced on social media that 8% of its tokens will be airdropped to Electric Sheep NFT, SOUL holders, and ecosystem asset holders. The specific allocation of the remaining ULTC tokens is as follows: 30% will be used for the Ultiverse ecosystem, 20% will be allocated to investors, 17% will be allocated to the team, 15% will be allocated to the community, and 7% will be used for initial exchange liquidity.

Previously reported, Ultiverse completed its seed round financing in March 2022, with Binance Labs and Defiance Capital leading the investment, followed by Binance Labs adding a $5 million equity investment.

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