Utherverse (Utherverse.io) announces the August 2024 launch of $UTHX, the preeminent metaverse token on the Solana blockchain – aimed at transforming the metaverse landscape by offering unparalleled utility within the Utherverse ecosystem.
The $UTHX token presale, available for purchase at Utherversepresale.nexusecosystem.io, will be conducted in four rounds: Round A at $0.05, Round B at $0.055, Round C at $0.06, and the launchpad at $0.065. A total of 210 million tokens will be sold across Rounds A-C, with an additional 80 million tokens allocated to the Launchpad. The total lifetime supply of $UTHX tokens will be 3 billion, but the majority of these tokens are locked and will be released gradually over the next decade as the Utherverse Metaverse expands.
The decision to launch $UTHX on the Solana blockchain underscores Utherverse’s commitment to leveraging state-of-the-art technology to enhance user experience. “Solana users will be happy to know that the world’s preeminent metaverse has chosen this chain on which to run,” said Utherverse founder and CEO Brian Shuster. “The launch on Solana ensures that $UTHX benefits from Solana’s high-speed transactions and low fees, providing a seamless user experience.”
The $UTHX token serves as the main utility token within the Utherverse platform, designed to offer real and necessary utility across the entire ecosystem. $UTHX can be used for various purposes, including transacting outside the virtual world platform using traditional crypto wallets and multiple distributed ledgers. Additionally, users can stake their $UTHX tokens to earn rewards and multipliers on their holdings. The token distribution includes halving rewards for users to encourage platform adoption, and
airdrops to affiliates, users and Utherverse Sovereigns.
The token distribution includes halving rewards for users, a new user supply reserve to encourage platform adoption, and redistribution into the company reserve, affiliates, users, Utherverse Sovereigns, and the company.
Participants in the presale will qualify for additional rewards and staking opportunities. Utherverse has allocated 300 million tokens in a reserve called the New User Strategic Reserve (NUSR). These tokens will be unlocked and airdropped as the Metaverse platform gains popularity, rewarding users based on various criteria, including presale participation. However, due to regulatory restrictions, the presale of $UTHX tokens is not available to individuals in the USA or Canada unless they are accredited investors. For those still interested in participating, Utherverse offers membership packages that include benefits and discounts, as well as in-world tokens for use within the metaverse, at Utherverse.io.
Utherverse’s property economy allows users to design and build on virtual land, fostering vibrant social interactions and collaborations. This dynamic economy blends financial opportunities with creative expression, showcasing the platform’s innovative spirit and offering a glimpse into the future of digital interaction and economic engagement in the metaverse.
Utherverse’s next-generation platform, using the Xaeon metaverse browser, seamlessly interconnects with all metaverses on the platform. Each Utherverse Sovereign can be uniquely customized with its own styles, interfaces, avatars, games and rules. This decentralized system, enriched by blockchain and Web3 features, offers unprecedented user control and a secure, interconnected metaverse ecosystem.
Content providers within Utherverse are the architects of digital dreams, creating immersive virtual environments, engaging games, captivating experiences, and a myriad of other digital content forms. Utherverse empowers creatives, designers, and makers to monetize their creations within a dynamic virtual economy. By offering a supportive ecosystem, development tools, and an engaged community, Utherverse provides a platform where creativity is currency and innovation knows no bounds.
Since 2005, Utherverse has stood at the forefront of virtual reality innovation, serving tens of millions of users and establishing itself as a metaverse trailblazer. Its proprietary virtual currency, RAYS, has facilitated seamless transactions and interactions for over a decade. Utherverse’s robust virtual economy highlights its commitment to community building and providing a safe, immersive platform for global users to connect and explore.
For more information about the $UTHX token presale and to explore Utherverse’s groundbreaking metaverse platform, visit Utherverse.io and Utherversepresale.nexusecosystem.io/.
ABOUT BRIAN SHUSTER:
Brian Shuster is a futurist, innovator and one of the pioneers of the Internet who has developed and been awarded well over 110 patents and pending patents on a wide range of Internet and computer technologies.
In 1995, Shuster founded his first Internet company, Worldwide Internet Network, that developed and deployed the first commercial advertising network on the Internet, and also pioneered the use of banner advertising and banner advertising exchange systems. Many of Shuster’s technologies are now widely used across the spectrum of nearly all other Internet companies. Shuster’s patents cover a wide range of technology areas such as Metaverse, VR headsets, Haptics and Adaptics™ , and core Internet technologies – ranging from Internet operations to advanced and widely deployed advertising modalities.
Over the past 20 years, Shuster’s visionary work in VR has solved critical “show stopping” problems behind the operation and expansion of the metaverse. His work is foundational to the very fabric of the metaverse and has been featured in many industry and general news outlets, including CNN, Forbes, Venture Beat, MSNBC.com, Yahoo, Wired News and many others.
Shuster is currently the CEO of Ideaflood, Inc., an intellectual property development and holding company, and Utherverse Digital, Inc., the world’s premier Virtual World software development company with millions of registered users and worldwide franchise operations. He is an industry Thought Leader and the Nucleus of the Utherverse Team.
PRESS AND MEDIA CONTACT: Brian S. Gross | BSG PR | 818.340.4422 | brian@bsgpr.com | @bsgpr
