The Underverse Gold (TUG)
The Underverse Gold (TUG) is the native token for The Underverse, an ERC-20 token used to purchase in-game assets and participate in key governance votes. Players can earn additional rewards by staking their TUG tokens and interacting with the game.
The goal of TUG is to align the interests of players, holders, investors and team members in a novel way, while decentralizing the ownership and governance of The Underverse. Our vision is for The Underverse to be the first game owned and operated by the community that plays it, which opens up limitless possibilities.
However, the shift to a true decentralized organization will be gradual, as we want to avoid past mistakes where projects have abandoned their communities and become stagnant under the guise of decentralization.
Utility
The TUG token serves multiple purposes within the The Underverse ecosystem, including staking rewards, in-game purchases, and governance and voting rights. By staking TUG, players can earn additional tokens and have a say in the direction and decision-making of the platform.
In-game, TUG can be used to acquire virtual assets such as land and buildings, as well as various in-game items and features. Overall, TUG is a crucial component of The Underverse economy and community.
Allocation
There will be a maximum of 370 million TUG available. We believe that all tokens should be distributed fairly under the community and for the community.
Player rewards
23%
85.100.000
Staking rewards
28%
103.600.000
The Underverse Ecosystem
19%
70.300.000
Founding fathers
7%
25.900.000
Advisors
5%
18.500.000
Public sale
12%
44.400.000
Private sale
6%
22.200.000
Total
100%
370.000.000
Player Rewards
Players in The Underverse can earn TUC tokens through various in-game activities such as committing crimes, participating in heists, and receiving royalties from owned assets. Players can then swap TUC for TUG, This play & earn model is designed to incentivize player engagement and foster a self-sustaining economy.
A total of 85.1 million TUG will be available for players to swap for TUC. The TUG swapped by players will be distributed as rewards for their contributions to the game and community. To ensure a fair distribution of rewards, the TUG token distribution process will be governed by the decentralized autonomous organization (DAO).
To participate in the DAO, players must either stake TUG or meet certain requirements for active gameplay. By aligning the incentives of each party, we aim to create a dynamic and engaging gaming experience for all members of The Underverse community.
Staking Rewards
By staking their TUG, players can earn additional TUG or TUC tokens through the in-game staking dashboard.
In addition, staking TUG grants voting rights and a say in the governance and management of the Underverse ecosystem. This approach incentivizes long-term commitment to the platform and helps to foster a sense of community ownership and involvement.
The Underverse Ecosystem
The Underverse ecosystem is governed by the decentralized autonomous organization (DAO). The main purpose of the DAO is to manage and maintain the overall ecosystem, which includes the following departments:
Ecosystem: This department is responsible for the overall management and maintenance of the ecosystem, including the development and implementation of new features and updates.
Validator: This department is responsible for ensuring the integrity and security of the ecosystem, including the validation of transactions and the management of nodes.
Financial: This department is responsible for managing the financial aspects of the ecosystem, including the budget, investments, and revenue streams.
Applications: This department is responsible for the development and maintenance of applications within the ecosystem, including those that are used by players and those that support the functioning of the ecosystem.
Community: This department is responsible for the management and engagement of the community, including the organization of events and the promotion of the ecosystem.
Founding Fathers
A total of 25.9 million TUG tokens will be allocated to a discretionary rewards pool called "The Team," which will be distributed among team members on a vesting schedule. These tokens serve as incentives for the team to continue supporting and maintaining the project.
Advisors
A total of 18.5 million TUG tokens will be reserved for advisors and distributed according to a predetermined vesting schedule. These tokens are intended to incentivize and compensate advisors for their contributions to the project.
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