Home Crypto New Play-to-Earn Altcoin on Ethereum Soars 15,000% in Just Four Months, Shatters $1,000,000,000 Market Cap

New Play-to-Earn Altcoin on Ethereum Soars 15,000% in Just Four Months, Shatters $1,000,000,000 Market Cap

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New Play-to-Earn Altcoin on Ethereum Soars 15,000% in Just Four Months, Shatters $1,000,000,000 Market Cap

A brand new alien-themed gaming token is leaving earth’s environment as the general metaverse pattern continues to sizzle.

Decentralized social gaming platform UFO Gaming (UFO) is constructed on the Ethereum community and includes a “Dark Metaverse” the place customers can create their very own clans, personal and commerce digital land and earn crypto or non-fungible tokens (NFTs).

Data from CoinGecko highlights UFO’s meteoric rise since first launching in July, leaping 15,379% from its preliminary worth of $0.000000350110 to at this time’s worth of $0.00005418.

The altcoin has surged 150% in the previous week alone.

The workforce behind UFO says the ecosystem intends to be neighborhood centered and have all kinds of distinctive planets.

“When a brand new planet is found, a brand new recreation isn’t far behind. Each recreation shall be devoted to 1 planet in its personal sub-economy of all the Dark Metaverse.”

UFO mission priorities include,

“A platform for decentralized gaming, select your favourite style to earn from. Asset possession [that] is totally decided by the customers. Gaming belongings (NFTs, foreign money) which may be transferred from one platform to a different. Play-to-earn [P2E] gaming financial system that’s clear and sustainable.”

Token holders can earn “plasma factors” from staking whereas the most important holders have DAO (decentralized autonomous group) voting rights to find out the way forward for the UFO metaverse.

At time of writing, UFO is ranked 107th in market cap, with a complete worth above $1.4 billion.

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Featured Image: Shutterstock/Gorodenkoff

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