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Cryptographic UFO Gaming: Into the Dark Metaverse
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Cryptographic UFO Gaming: Into the Dark Metaverse

Cryptographic UFO Gaming: Into the Dark Metaverse

By CoinUnited

days icon25 Dec 2022
UFO Gaming aims to build the worlds of traditional gaming and blockchain technology through its decentralized play-to-earn (P2E) platform. The purpose of the project is to use blockchain technology to liberate hitherto unattainable potentials in the digital realm. This cutting-edge gaming project has powered an ecosystem that encourages you to earn while playing with its own utility token, UFO. With its built-in staking DApp, users may manufacture tokens, stake them, and collect rewards. UFO is not only interested in establishing a Dark Metaverse, but also in making an impact on the eSports business, which is worth a staggering number of billions of dollars annually, through tournaments, broadcasting, and sponsorships.

The UFO relies heavily on the Dark Metaverse, an immersive, fictional world that serves as the organization's operational nerve center. Play-to-Earn (P2E) games with virtual land and a metaverse launchpad, as well as in-game NFTs that may be bred, are all part of this endless ecosystem with a metaverse theme. Since Dark Metaverse is independent of any particular blockchain network, games produced on its platform are not limited to Ethereum but are instead free to use any blockchain technology. In the Dark Metaverse, real land is denoted by ERC-721 tokens (NFTs), which may be created or acquired with UFO tokens. They have powerful DAO privileges and are advantageous for the whole metaverse. There will be a constant influx of new planets into this metaverse, each one representing the imminent arrival of a whole new game. Once you've settled on a planet in the Dark Metaverse, you'll be eligible for sales tied to the release of the game itself, helping your income to rise steadily over time. There will be an NFT marketplace in the Dark Metaverse, and the developers are working with Kadena and Kaddex to provide a cross-chain DEX that operates independently of any one chain. Cross-chain swaps, staking, and NFT staking will all be additional avenues for UFO Gaming assets to generate revenue if the DEX goes live.

UFO Gaming's Dark Metaverse kicks off with Super Galactic. It's an arcade action game like Axie Infinity, and Super Galactic is just like it (ARG). NFTs, or digital soldiers, may be bred and then used in battle for victory. With its Ethereum blockchain foundation and Polygon integration, Super Galactic guarantees low gas costs. A trio of tokens—UFOs, Plasma Points, and UAPs—make up Super Galactic's currency system. You have to stake UFO on The Cosmos before you can begin playing (their staking DApp). Earn Plasma Points by placing bets on the game's tokens, then spend those Points on the UFOeps you'll need to participate. As an additional use for UAP tokens, you may breed your own warriors. Plasma Points can only be used to mint UFOep NFTs and cannot be exchanged for any other tokens.

UFO Gaming is not just focusing on the P2E NFT market, but also on the broader gaming business via eSports, live broadcasting, and competitions. For instance, UFO Gaming hosted a $10k Apex Legend event. In addition, UFO Gaming and Horizon have joined forces to purchase the Top Dogs eSports squad.

UFO Gaming is a DAO (Decentralized Autonomous Organization) that is community-run (DAO). To hold in the voting process, you must have a certain number of UFO tokens, which give you a vote in the matter and a stake in the outcome of the project's success.

The principal token of the UFO Gaming platform, UFO is built on the Ethereum blockchain using the ERC-20 standard. In-game characters may be purchased with the Plasma Points earned via staking. By keeping your UFO tokens in the UFO-ETH liquidity pool, you may offer liquidity on Uniswap and get a cut of the fees that are earned.

The Cosmos, UFO Gaming's new staking DApp, allows users to stake either UFO or UFO-ETH LP tokens for the chance to win both Plasma Points and more UFO tokens. The 12-month vesting period applies to all UFO prizes (meaning you can only claim them after one year). Single staking your UFO tokens will earn you 25% of the Plasma Points pool, while LP staking your UFO-ETH LP tokens will reward you 75%. You also have the option of either locked or flexible staking. Any moment throughout the staking process, tokens can be withdrawn. Locked tokens, on the other hand, can be staked anywhere from one week to fifty-two weeks in order to accrue more benefits. The greater the incentive, the longer the tokens must be locked. The tokens themselves are based on Ethereum, however staking takes place on the Polygon Network. So, before you can begin staking, you'll need to convert your tokens from Ethereum to Polygon through a bridge.

Half of Uniswap's entire quantity of 51,515,151,515,515 tokens were created for circulation, while the other half were burned via burning. About 25,757 trillion tokens are in circulation at currently, which is also the entire supply. The price as of right now is $0.00002122. ( as of Sept. 20, 2022). Now that UFO Gaming's staking DApp, The Cosmos, is live, stakers may expect UFO prizes to trickle out over the course of a year. Because all UFO tokens have already been issued, the distribution will not cause inflation. Stakeholder rewards tokens were developed by the project and donated by the project's partners and personnel.

Games as we know them have been upended by GameFi crypto initiatives like The Sandbox(SAND) and Decentraland (MANA). The promising idea of a metaverse has been well-received, especially in the gaming community, and its popularity is predicted to soar in the next years. However, the UFO Gaming crew is comprised of crypto veterans with extensive gaming experience. UFO Gaming is an excellent venture because it combines community ownership with a metaverse environment that features NFTs, virtual land, a launchpad, and easily accessible games. The cost of a UFO was very stable upon its July 2021 debut. But after that, the price proceeded to grow rapidly, and by the end of November 2021, during the crypto bull run, it had reached a high of $0.00005569. After that, the price started falling gradually, with support appearing at the $0.000002 range. Since March 2022, UFO prices have been very stable, with a brief upward jump in August 2022. Bearish WalletInvestor predicts a significant drop to around $0.000001 by mid-2025. Their technical analysis indicates that by 2025, the most that the price might rise to is $0.000005595. UFO's price may reach a maximum of $$0.00000910 in 2025, according to Price Prediction, and it may set a new record high of $0.00005630 in 2030. Instead, let's take a more positive view on the UFO price forecast. UFO may be the only token in this category that is still less than $1, unlike the vast majority of its competitors. There is opportunity for a substantial price increase in UFO token because it is still a coin with a low market capitalization. Because of this, UFO's value will be something to keep an eye on when the project releases new games and opens up its network to developers who want to incorporate their games on the platform. Keep in mind that the volatility of cryptocurrency might fluctuate widely.

UFO Gaming is a company with the lofty goal of developing a gaming platform suitable for use in the real world. With the use of blockchain technology, the initiative keeps the doors of the metaverse wide open for gamers. UFO Gaming's Dark Metaverse, which borrows heavily from the design of Super Galactic, appears to have won over the gaming community. UFO Gaming might be another metaverse project on the verge of a breakout as additional titles are released on its platform and the team continues to make an impact on the eSports market.