AI-powered game production and publishing platform Ultiverse has announced that its $ULTI token is set to officially launch on June 6th at 10 AM UTC / 6 AM EST / 6 PM HKT on various centralized exchanges.

Launch Details

Before the TGE takes place in the previously mentioned times, a Public Claim Phase will take place in the same day. According to the official X post which contains the link to the official claim page, claiming will be open for everyone, and OKX users who missed the previous claim phase or inputted invalid OKX account info will have a chance of try and claim again in this upcoming phase. The claiming guidelines provide further clarity by stating that all users are eligible for the airdrop program if they hold SOUL, an ElectricSheep NFT, a Gold Chip NFT, Ecosystem NFTs or are eligible participants in Partner Airdrop Campaigns.

The $ULTI token will be listed on OKX, Bybit, KuCoin, Gate.io, MEXC and Bitget.

About $ULTI

$ULTI is a multi-utility governance token that creators of Micro Worlds will use to integrate their customized experiences into the Ultiverse platform. The platform allocates 80% of the payments towards these Micro Worlds so that they have a reward pool from which they can reward players. As players interact with these dApps in various ways and provide data used for training Ulti-Pilot Avatars, they’re rewarded with Ultiverse credits that can be converted into $ULTI tokens. There’s also a two-tier referral system where inviters are rewarded for inviting players to Micro Worlds, earning a percentage of commission in $ULTI when invitees interact with the Micro World. Inviters can also gain bonus $ULTI commission when invitees bring in their own referrals.

Next to integrating dApps and voting on governance decisions, the token can be used to buy game assets from Micro Worlds as well as purchase a time-saving mechanic which deploys Ulti-Pilots to Micro Worlds so that they can play those games for you and in turn earn you rewards specific for those dApps.

The total token supply is 10 billion tokens, with more than 1 billion set to be unlocked on TGE that is distributed to various categories. According to the whitepaper, 46% of the total token supply is allocated to the Communiy & Ecosystem category, followed by 20% for investors, 17% for core contributors, 8% for airdrops, 3% for liquidity, 3% for advisory and 3% for the IEO.

Earlier this year, Ultiverse raised $4 million in a funding round led by IDG Capital at a $150 million valuation, with notable names such as Animoca Brands and Polygon Ventures also participating.