Token Structure Overview
The native cryptographically-secure fungible protocol token of Ultiverse (ticker symbol $ULTI, comprising a digital token-based representation of an executable programming script deployed on the relevant blockchain network) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Ultiverse, and which is designed to be used solely as an interoperable utility token thereon.
$ULTI is a functional multi-utility token which will be used as the medium of exchange between participants on Ultiverse in a decentralised manner. The goal of introducing $ULTI is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Ultiverse without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $ULTI does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $ULTI entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $ULTI may only be utilised on Ultiverse, and ownership of the same carries no rights, express or implied, other than the right to use $ULTI as a means to enable usage of and interaction within Ultiverse. The secondary market pricing of $ULTI is not dependent on the effort of the Ultiverse Project Contributors, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $ULTI). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.
Further, $ULTI provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Ultiverse, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $ULTI is an integral and indispensable part of Ultiverse, because without $ULTI, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $ULTI will be awarded to a user based only on its actual usage, activity and efforts made on Ultiverse and/or proportionate to the frequency and volume of transactions, users of Ultiverse and/or holders of $ULTI which did not actively participate will not receive any $ULTI incentives.
The economic model of $ULTI revolves around the dynamic interaction between Ultiverse, Micro Worlds, and Players.
Economic Flow
Ultiverse: Serves as the foundational platform hosting Micro Worlds, providing the infrastructure for the integration of decentralized applications (DApps). Ultiverse also provide Ulti-Pilots for players to engage with Micro Worlds for a more personalized experience.
Micro Worlds: Customized experiences created by DApps. Pay $ULTI for the integration of DApps on the Ultiverse platform, enhancing the variety and richness of the digital landscape.
Players: Users engage with the Ultiverse platform, through their interactions, players are rewarded with $ULTI for providing valuable data that not only enhances their experience but also contributes to the training of Ulti-Pilots, ensuring continuous improvement in the system. Players can also play DApps directly to obtain returns including game assets and other incentives from Micro Worlds themselves.
Referral Program
In the Ultiverse referral program, Micro Worlds (DApps) contribute to the ecosystem by paying $ULTI to Ultiverse for integration onto the platform. Ultiverse, in turn, receives the $ULTI payments from these Micro Worlds and allocates 80% of it to scale up and reward user engagement within the specific Micro World. Users actively engaging within the Micro World earn Ultiverse credits, which are redeemable for $ULTI. Moreover, users can amplify their rewards by inviting others to join the Micro World. When invitees engage within the Micro World, the original inviter receives a percentage of commission in $ULTI. This two-tier referral system allows for exponential bonuses, as the invitees can also bring in their friends, resulting in additional $ULTI commission for the initial user.
$ULTI Utility
The $ULTI token assumes a multifaceted role in the Ultiverse ecosystem, encompassing utility, governance, and economic aspects.
Transaction: Micro Worlds leverage $ULTI to compensate Ultiverse for the integration of decentralized applications (DApps), establishing the token as the primary currency for transactions. This dynamic utilization fosters diverse and enriched digital experiences within the ecosystem.
Governance: $ULTI holders wield governance rights, enabling them to actively participate in decision-making processes. Token holders can contribute to voting sessions, influencing the overall strategic direction and development focus, including certain parameters such as allocation of ULTI that Ultiverse receives from Micro Worlds. This governance mechanism empowers the community, allowing them to shape the distribution of rewards and contribute to the platform's evolution.
Economic: As the native platform currency, $ULTI serves as the means by which players can acquire game assets from Micro Worlds. This feature enhances the economic role of the token, facilitating seamless transactions within the Ultiverse ecosystem and providing players with a direct pathway to enhance their in-game experiences. For example, when users are lack of time, they can also pay a certain amount of $ULTI tokens to allow Ultiverse to deploy their Ulti-Pilots to various Micro Worlds to experience games and thereby earn rewards specific to those Micro Worlds.
Active participant rewards: $ULTI would be distributed as the incentives for users to participate in and engage with various aspects of the ecosystem. The reward system would take into account various aspects of ecosystem participation, for example users earning profits from item trading, participation in different micro worlds, creating and participating in a team within the Ultiverse ecosystem, holding collections such as Electric Sheep (ES), or participating and completing quests on the Quest Platform.
Data and training: Users which utilise products on Ultiverse would generate data that helps Ultiverse train their Ulti-Pilots, thereby earning rewards in $ULTI tokens.
$ULTI Distribution
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