🪙 $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 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
Enter tournaments
UTG Pool Prize
The contribution to the prize pool in Utgard tournaments introduces an innovative mechanism that enhances the competitive dynamics and rewards players for their performance. Here's a more detailed explanation of how it works:
Participant Contributions: To participate in the tournament, players are required to contribute a certain amount of UTG tokens as an entry fee. The entry fee is determined by the tournament organizer and can vary depending on factors such as the tournament's size, duration, and potential rewards.
Pooling of UTG Contributions: As players join the tournament and pay their entry fees, their UTG contributions are pooled together to form the prize pool. The more participants that join the tournament, the larger the prize pool becomes, creating greater incentives for players to compete.
Redistribution of Prizes: At the conclusion of the tournament, the prize pool is redistributed to the top performers based on their final rankings on the leaderboard. Typically, a portion of the prize pool is allocated to the top-ranking players, with higher-ranked players receiving larger shares of the prize pool.
Incentivizing Participation and Competition: The existence of a prize pool incentivizes participation in the 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 prize pool adds an extra layer of excitement and intensity to the 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 prize pool.
Overall, the contribution to the prize pool feature in Utgard 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 will issue 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 that governance should belong to the players of the game. Moreover, 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 and deflationary dynamics.
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