XT Launchpool has rolled out Ultiverse for ULTI mining, opening the door for participants to stake both USDT and XT tokens.
In Brief
With the initiation of staking for USDT and XT coins, XT Launchpool presents a chance for users to earn a share of the impressive 251,800 ULTI mining rewards.
The cryptocurrency exchange XT has launched an initiative allowing users to stake USDT and XT tokens, which gives them the chance to access a portion of the 251,800 ULTI mining rewards. Ultiverse (ULTI) as the latest project on its Launchpool Staking will commence at 10:00 UTC on June 6th, followed by the beginning of the mining process at 00:00 UTC on June 8th.
Participants will have the opportunity to stake USDT and XT tokens over a duration of five days dedicated to mining. The staked totals are set at 1,555,550 for USDT and 105,100 for XT. The rewards are allocated with 80% going to USDT stakers and 20% to those staking XT. Each individual can stake a maximum of 1,500 USDT and 405 XT, with ULTI tokens being distributed daily.
The Ultiverse project is crafting a gaming environment that merges artificial intelligence with blockchain. This approach lays the groundwork for developing on-chain games, integrating non-fungible tokens (NFTs), building decentralized applications (dApps), and establishing a unique media framework.
Back in 2022, this initiative garnered $4.5 million during its initial funding round, achieving a notable valuation of $50 million with significant backing from Binance Labs. Subsequently, an additional $5 million was raised from the same investor. Earlier this year, Ultiverse secured $4 million in funding, led by IDG Capital, among others, ultimately resulting in a valuation of $150 million.
Join the exciting Staking to Earn Event, where you can dive in for a share of the significant 251,800 reward pool! strategic funding round 🥳 The Golden Shovel is ready to scoop up profits in this bullish market, and you're invited to earn rewards with XT Launchpool!
What Is ULTI Token?
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Alisa, a passionate journalist with Cryptocurrencylistings, focuses on topics like cryptocurrency, zero-knowledge proofs, investments, and the broad spectrum of Web3. With a sharp eye for emerging trends and technologies, she provides thorough reporting to keep readers informed and engaged in the dynamic world of digital finance.
Recently, Ultiverse completed the token mining activity for ULTI on OKX Jumpstart.
Disclaimer
In line with the Trust Project guidelines Enso, LayerZero, and Stargate have teamed up to orchestrate one of the largest liquidity migrations on Ethereum, shifting assets over to Unichain.
