🪙 $UTG
UTG is designed as the backbone of the Utgard ecosystem. The token will have multiple in-game utilities when holding UTG tokens inside the App's non-custodial Solana wallet. The primary goal of Utgard is to empower its users in the long run and give them a real incentive to play the game. Token holders will have the following perks:
In-app gold boost
In-app experience boost
1,000 UTG = 10% boost
5,000 UTG = 50% boost
20,000 UTG = 100% boost
In-app mead boost (available in Utgard V2 only)
10,000 UTG = 5% boost
50,000 UTG = 10% boost
200,000 UTG = 100% boost
UTG Pool Prize and Leaderboard Tournaments
The prize pool of Utgard leaderboard tournaments introduces an innovative mechanism that enhances the competitive dynamics and rewards players for their in-game performance with the leaderboard. Here's a more detailed explanation of how it works:
Redistribution of Prizes: At the conclusion of the leaderboard tournament, the UTG pool is redistributed to the top performers based on their final rankings on the leaderboard. Typically, a portion of the pool is allocated to the top-ranking players through a tier-based system, with higher-ranked players receiving larger shares of the prize pool.
Incentivizing Participation and Competition: The existence of a UTG pool incentivizes participation in the leaderboard tournament as players are motivated to compete for a chance to win a share of the UTG tokens. Additionally, the competitive nature of the prize pool fosters heightened competition among players as they strive to secure higher rankings and greater rewards.
Dynamic Gameplay Experience: The presence of a UTG pool adds an extra layer of excitement and intensity to the leaderboard tournament experience in Utgard. Players must strategize and perform at their best to earn a spot among the top performers and claim their share of the UTG tokens in the pool.
Overall, the UTG pool feature in Utgard leaderboard tournaments enhances the competitive spirit, rewards players for their efforts, and enriches the overall gameplay experience by introducing dynamic and engaging competition dynamics.
To conclude, UTG plays a crucial role in Utgard, offering players a range of options to enhance their gameplay by obtaining in-app benefits and acquire valuable rewards. UTG provides players with opportunities to progress faster and enjoy the game to its fullest extent.
We have carefully designed Utgard tokenomics to ensure long-term sustainability and player involvement.
Utgard has issued a 600,000,000 fixed supply of $UTG tokens.
For more details, please refer to the following document: https://bit.ly/46o8oQO
We decided to use a single token design as we believe the value of the Utgard ecosystem will only accrue to a single token, eliminating the possibility of community and project division. All rewards will be distributed from the Utgard treasury with a well-balanced mechanism to ensure in-game sustainability.
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