CoinMarketCap takes a deep dive into UFO Gaming (UFO), a P2E platform with a unique dark metaverse where players can battle and earn rewards.
UFO is a utility token for the play-to-earn (P2E) gaming platform, named UFO Gaming, which is based on a DAO. The platform's goal is to bridge the gap between traditional games and blockchain through integration and developing new gaming features, giving gamers the opportunity to earn assets (such as NFTs and currencies) while they play it.
The main utility token in the dark metaverse is UFO. Games created in the Dark Metaverse depict a world where players may buy a piece of the planet and earn money by fulfilling specific activities in the game. Super Galactic is one of the planets that has been introduced so far.
Built on the Ethereum network and combined with a super scalable Polygon L2 solution, Super Galactic is a decentralized game with a distinctive NFT collection and an auto battler. You'll need a character to play Super Galactic. These are NFTs known as UFOeps. You must first farm Plasma Points using the native UFO token before minting UFOeps.
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How does UFO Gaming (UFO) work?
UFO Gaming relies fully on the community and therefore works with a community-first mindset. Players can use their preferred genre to earn money on this platform for decentralized gaming. The user has complete control over the asset's ownership. Assets provided by UFO Gaming can be moved from one platform to another. For this, one can use Gate.io, Shibaswap, or Uniswap.
UFO is a fully decentralized platform and automated system built on the principle of a decentralized autonomous organization, or DAO. Holders of the UFO token will be able to vote on community decisions for the Dark Metaverse and will be part of the UFO governance. The top holders will have DAO voting rights over the metaverse's future.
The smart contracts of UFO Gaming are well-secured and audited from Hacken.
To begin interacting with the ecosystem, one must first obtain the UFO token. Because UFO tokens are the ecosystem's principal utility token, they are required for anything related to it. To play Super Galactic, the first game launched by UFO Gaming, you'll need to stake UFO or UFO/ETH LP token in The Cosmos first.
The P2E model serves as the foundation for Super Galactic. As a result, three major aspects are required to accomplish this.
Super Galactic, the main game.
A ranking system for dynamic NFTs in the game (UFOeps).
A system with three tokens - UFO (the primary token in the ecosystem, $UAP (Obtained by completing Super Galactic’s daily missions that are used to breed soldiers or UFOeps in the game), and Plasma Points (Generated by staking UFO, it used to buy UFOeps to play the game).
The game, together with the two token systems, contributes to the creation of an internal economic loop that ensures an unending revenue flow.
Unique Features of (UFO)
DAO Governance
In contrast to traditional hierarchies, UFO is organized by a DAO — a decentralized autonomous organization. UFO makes use of a community-governed ecosystem. Due to the lack of team tokens or allocations, everyone in TFD or Fourth Dimension, including the team that is also an investor. Everyone is on equal ground and has a real stake in the project's success. Holders of UFO will be able to suggest and vote on ideas to help drive the project forward in the future.
UFO Metaverse
The Dark Metaverse, like the Universe, is a fictitious planet established by UFO Gaming that will allow the purchase of these exclusive virtual areas. These territories will be in the form of ERC721 tokens, but owners will also be able to sell fractionalized territories (NFTs) to others. To mint your own territory, you must have three rare geneses NFTs to form a council, X Amount of UFO tokens, and UAP tokens to build a territory treasury, and X Amount of UFO tokens and UAP tokens to create a territory treasury.
Super Galactic - UFO Gaming’s very first Metaverse game
The land of Super Galactic is located in intergalactic space, and it is populated and technologically advanced until chaos occurs, and the local population is reduced to a small number of individuals. The natives are currently constructing their own home on a planet known as Pegasus. A repopulation scheme is in the work to reclaim sovereignty in the Super Galactic realm. In this game, you can use NFTs to build a house, or you can do critical tasks for large rewards.
In UFO's first revealed fourth dimension realm, you can combat and produce digital super troops in this RPG action game. This is also where The Dark Metaverse's limited in-game assets are introduced which are called UFOeps. You'll need only one playable character to play Super Galactic - it can be a Genesis Alpha or Beta. These are NFTs known as UFOeps. Here's where Plasma Points come into play. The Super Galactic Stake DAPP is the only way to get Plasma Points. You can make rare NFTs called Origin UFOeps with Plasma Points.
Super Galactic is a hybrid of a decentralized auto battler game and a non-fungible token (NFT) collection, both built on the Ethereum network and combined with a highly scalable Polygon full-stack solution.
Staking and Farming UFO
Staking UFO tokens entails putting them in a smart contract, which yields Plasma Points. These Plasma Points can subsequently be utilized to create very uncommon NFTs known as Origin UFOeps. Plasma points will not be tradable because they were created specifically for the Super Galactic game. However, UFO, UAP, and NFTs can be traded.
Single-staking UFO grants you 25% of the Plasma Point pool while staking in the UFO-ETH LP pool grants you 75% of the Plasma Point pool. Whoever has the highest stake in each block receives the most Plasma. If you keep your investment for a longer period of time, it will be counted as a larger share.
The Team Behind UFO Gaming (UFO)
The team behind the UFO token has over 6 years of experience in creating games. The team claims to have long-term goals and plans to lead the world into a new era of blockchain gaming.
Roadmap (Spacemap) of UFO Gaming
The current phase of 2021 includes the addition of farming, NFT minting, a new marketplace, and many other features. In Q1 2022, the project plans to continue super galactic development, add in a new blockchain game, and introduce gaming DAO's among other exciting updates.
UFO Gaming (UFO)Tokenomics
According to the official tokenomics, the total supply of UFO tokens is 25,757,575,757,575, and the circulating supply stands at 25,757.58B UFO.
UFO Gaming (UFO) Price
UFO Gaming (UFO) is now trading at around $0.00003048, as of Dec. 16, 2021. Its 24-hour trading volume on exchanges is around $20,982,931.
UFO Gaming (UFO) Price Prediction and Future Outlook
UFO Gaming (UFO) represents a unique genre of cryptocurrency projects that are community-led and provide everything in the current digital world. This includes play-to-earn, virtual lands, NFTs, gaming, and an IDO launchpad.
The play-to-earn gaming industry has become a billion-dollar empire in less than a year, all thanks to games like Axie Infinity (AXS) which is leading this domain with billions of sales and thousands of active users every day. Other games like Alien Worlds and CryptoBlades are also quite popular with a rising number of users joining every day and taking advantage of the P2E ecosystem to excel in the online gaming environments and earn at the same time. UFO Gaming follows the same P2E model in its game called Super Galactic where users can play against each other, win, and earn rewards.
Metaverse is another trend on which projects like Decentraland (MANA) and The Sandbox (SAND) have banked the most and are currently leading the charts in the race of metaverse tokens. Similar to these two projects, UFO Gaming offers virtual lands which users can utilize to build their personal empires, rent them to others, or sell them to interested buyers - all of these activities will happen inside the metaverse.
The recent announcement of KuCoin has shot the price up of the UFO token and it is around 25% up till now. The token continues to gain momentum and if it holds the same speed, another zero might be cleared off in the upcoming weeks.
It should be noted that the all-time high of the UFO token stands at $0.00005569, a number that was reached on Nov 25, 2021. The token’s current price is about 46% less than its all-time high, however, that is due to the unprecedented volatility of the crypto market, and a potential rise might have a great impact on the price of the UFO token.
Also, the UFO Gaming (UFO) token is one of the very few, if not the only token, to be categorized as a metaverse token that hasn’t reached 1 cent yet. This is why many crypto experts and analysts claim that the UFO token is highly undervalued at the moment and a spike in price might just be around the corner. While it is hard to predict the exact price of the UFO token, the next and major target that UFO holders may foresee can be $0.0001, however, it would be wise to consult crypto experts and invest wisely due to the high volatility of the crypto market.
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