UTCx - Placeholder Token
Placeholder Mechanism
The Placeholder Mechanism is a fundamental aspect of the UTC token distribution strategy, designed to ensure a smooth, secure, and regulated transition from initial investment to token utilization. This mechanism is integral to maintaining the value and sustainability of UTC tokens over the long term.
How the Placeholder Mechanism Works
Vesting Schedule Enforcement:
The placeholder tokens (UTCx) are not the final UTC tokens but represent a future token allocation.
The vesting schedule dictates when and how these placeholder tokens will be converted into actual UTC tokens. This schedule is designed to prevent market flooding, ensuring a steady and controlled release of tokens into the market.
Conversion to Actual UTC Tokens:
The ratio between UTCx placeholders and UTC tokens is 1:1. Therefore, 450,000,000 UTCx have been minted to represent each and every UTC token that will be minted and airdropped to investors after the Token Generation Event (TGE).
The UTCx tokens are represented on the Avalanche C-Chain with the address:
0x783145570d5Db786882cE6b014b2604F1c014d4E.The vesting schedule dictates how and when these placeholder tokens will be converted into actual UTC tokens over time. This schedule is designed to prevent market flooding, ensuring a steady and controlled release of tokens into the market.
The converted tokens will be utilisable within the game ecosystem and will be exchangeable on both decentralized exchanges (DEXs) and centralized exchanges (CEXs).
Token Minting and Airdrop:
After creating the liquidity pool on DEXs, the actual UTC tokens are minted.
According to each phase of the Vesting Schedule, these tokens are then airdropped to the holders of the placeholder tokens, completing the conversion process and enabling investors to use or trade their UTC tokens.
Benefits of the Placeholder Mechanism
Controlled Token Release: The vesting schedule ensures a controlled release of tokens, preventing a sudden influx or pump-and-dump scenarios that could negatively impact the token’s value.
Value Preservation: By regulating the release of tokens, the placeholder mechanism helps maintain a high and sustainable token price over a longer period, benefiting all stakeholders.
Seamless Integration: The placeholder mechanism integrates seamlessly with blockchain technologies, leveraging smart contracts to automate and enforce the vesting schedule.
Transparency Disclosure: All the funds collected for the purchase of UTCx - Placeholder tokens will be kept in the following address on the TRON Chain:
TRON Chain Address: TWxQTNCLKGK9dC2JjuoPiEs7qjYrxzdAHz
We are committed to maintaining transparency in our financial operations. Please note that a portion of the collected funds has been, and will continue to be, used to finance the development of the game and the platform, as well as the marketing operations undertaken by the team. This ensures the growth and success of the project, benefiting all stakeholders involved.
4o
Last updated