Launched back in July 2021, the UFO Gaming project aims to create and manage its own games as well as partner with existing gaming companies, integrate their games into UFO Gaming, and create the Dark Metaverse, or the ecosystem of decentralized planets that run their own play-to-earn (P2E) games.
State of the Project
The UFO gaming project is community-governed and aspires to operate as a decentralized autonomous organization (DAO).
The project is built on the Ethereum network and has an integration with Polygon, the scalable Layer 2 solution.
Super Galactic is the first P2E game from UFO gaming, which allows players to generate in-game assets, purchase virtual lands as NFTs, and stake them to earn passive rewards.
UFO is the primary utility token of the Dark Metaverse, the play-to-earn game ecosystem of UFO Gaming. The token will provide governance rights in the project’s future.
The platform has been audited by Ukrainian cybersecurity consulting company Hacken. No notable issues were found.
The project reached its $1 billion market cap in November 2021.
The number of UFO holders increased almost 3x within the past 3 months. It stabilized, however, at around 60K levels in December 2021.
Website and Whitepaper:
Updated website and whitepaper released in September 2021. It mainly introduces the project, as all the utilities and features are currently on halt.
Development Stage:
UFO gaming entered its Expansion Phase in Q1 of 2022. This is the third phase out of four phases of the development of the project. A staking app, NFT marketplace, Game Integration SCs, a beta game launch, as well as the official game launch, and Virtual Land are planned for the expansion phase set for the first quarter of 2022.
UFO Gaming announced a long-term partnership with esports giant company Horizon Union in December 2021.
UFO Gaming is the first-ever blockchain gaming platform to host eSports tournaments. The project acquired the Top Dogs eSports team in 2022.
Roadmap:
Expansion Phase is planned to be implemented within the first quarter of 2022.
The final Blackhole Phase is set for 2022. It includes the Dark Metaverse launch, Game studio partnerships, new game launches, a fractal metaverse DEX, and additional Tier1 exchanges.
Partnerships:
Strategic partnership with Horizon Union eSports entertainment platform.
Official Platinum Sponsor of Chainlink Hackathon Fall 2021.
Announced strategic partnership with Kadena, the only scalable Layer 1 proof of work (PoW) blockchain in October 2021.
Partnership with Korea’s crypto growth accelerator ICO Pantera.
Fundraising:
No presale. No tokens were handed to any private investors or anyone else.
UFO tokens are only acquired on the open market.
Team:
UFO Gaming team consists of up to 50 employees, according to LinkedIn.
Co-founded by Narek Avayan, an entrepreneur, salesman, and consultant with a background in strategy and product management.
CEO called UFoger is anonymous and only shares his/her UFO identity. Claims to have experience in the crypto space since 2010, where he/she was trading shitcoins, participated (according to him) in numerous Bitcoin cycles, and was involved with the memes.
Community:
Social media accounts: Twitter (NYSE:TWTR) (131.3K), Telegram (30K), Discord (2.8K), YouTube (5.2K), Instagram (6.8K).
Token marketing is based on connections and networks of influencers and high-profile individuals, who do not get compensation in UFO tokens.
Since January 2022, UFO gaming started bi-weekly community updates, available on Medium.
Key Metrics:
Token standard: ERC-20
Max supply: 25,757.58 billion UFO
Circulating supply: 25,757.58 billion UFO
Market Cap: $211 million at the time of writing
Exchange listings:
Listed on 14 cryptocurrency exchanges, including KuCoin and Gate.io (see the full list).
Comes in trading pairs with USDT and WETH.
Wallets:
Compatible with Metamask and Trust Wallet.
Asset allocation:
50% of the UFO token supply is burnt. Another part is added to liquidity pools.
The biggest private UFO wallet holds nearly 4.5% of the UFO token supply.
Price movements:
All-time high (ATH): $0.00005569 (Nov 25, 2021)
All-time Low (ATL): $0.000000350110 (Jul 20, 2021)
Verdict:
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
Error: Contact form not found.
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Source: Cryptocurrency - investing.com
