🪙
UTC
  • Ultimate Trading Competition
  • Game
    • ⚡Introducing UTC
      • Video Trailer
      • Matchmaking
      • Special Tournaments
        • Prize Structure Overview
      • Battling
      • 👩‍🏫Points and Values: Core Elements of the UTC Ecosystem
    • Roadmap
    • Enter the world of UTC
  • UTC Token - $UTC
    • Token Generation Strategy
    • Use Cases
      • Use $UTC in-game to get Discounts
      • Stake $UTC to participate in Governance and receive rewards
      • Get Access to Special Events and Tournaments
      • Purchase and Rent out Trading Rooms through NFTs
    • Allocation
    • Unlock Schedule
    • 🪙Get Tokens
      • Pre-minting
        • UTCx - Placeholder Token
      • Post-minting
  • Virtual $UTC - $VUTC
    • Token Overview
    • Use Cases
  • COMMUNITY
    • 🤝UTC Team
  • USEFUL LINKS
  • LEGAL
    • Terms of Service
    • Privacy Policy
    • Disclaimers
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  1. Virtual $UTC - $VUTC

Token Overview

Disclaimer on $VUTC

It's important to note that $VUTC, just like GTC, exists exclusively within the platform and cannot be exchanged on the secondary market. This strategic approach is aimed at ensuring the game's long-term sustainable success by allocating part of the GTCs played in each match to the platform, while also providing players with a token for in-game purchases, rewarding both the development team's effort and players' engagement effectively.

Generation and Winning Process of $VUTC Tokens

The generation and allocation of $VUTC tokens are closely tied to the platform's fee strategy, which is carefully designed to promote the platform's enduring success.

Here's a simplified breakdown of how players can win or generate $VUTC tokens:

  • Distribution of Winnings: The winner of a match is rewarded with both GTC and $VUTC. For example, a victor could receive $1.80 worth of GTC and $0.20 worth of $VUTC. This structure demonstrates that 10% of the total prize at stake is allocated as $VUTC, providing the winner with this unique in-game currency. The remaining 90% is awarded in GTC.

  • Fee Mechanism: The platform retains a fee equivalent to 10% of the total prize at stake, which is then awarded to the players in the form of $VUTC. This approach ensures that players receive a valuable token that can be utilized within the platform to acquire additional benefits, aligning with their respective rankings.

This setup indicates that 10% of the total prize at stake for each match is converted into $VUTC, directly rewarding the winner with this specialized in-game currency. The remaining 90% of the prize is given in GTC. This distribution model not only motivates players to engage and compete but also ensures a consistent revenue flow for the platform through the collection of entry fees. This fee mechanism is crucial for sustaining the platform's financial health and supporting continuous improvement and expansion.

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Last updated 1 year ago