Upland Announces the Launch of Its Utility Token $SPARKLET Powering Its Immersive Gaming Platform
Palo Alto, California, July 24th, 2024 – Upland, the world’s largest Web3 immersive gaming platform for mobile, announces the launch of its native utility token $SPARKLET on Ethereum. $SPARKLET is designed to facilitate interactions and value creation within Upland’s virtual world, fueling its open economy. Exchange listing will commence on July 24th, 2024.
A substantial number of airdrops will distribute more $SPARKLET to Upland users, increasing community holdings with an additional allocation of 0.75% through the Bitget Launchpool. At the initial listing, 63% of the token’s circulating supply will be held by community members who have engaged with the platform for many years.
Today, over 140,000 players already own $SPARKLET and use it within the Upland platform for daily interactions. The launch event will allow users to bridge their tokens to and from Ethereum, giving them the flexibility to buy or sell $SPARKLET outside of Upland or to use and increase their holdings within Upland, thereby creating more value for themselves and other community members.
$SPARKLET will be listed on top exchanges including Bitget, HTX, and Gate.io. Designed as a community token, $SPARKLET has no team, investor, or pre-sale allocation. This ensures that tokens are awarded to players, creators, and developers who have been instrumental in growing the Upland ecosystem.
According to the co-CEO and co-founder of Upland, the listing of Upland on external exchanges is of vital importance for their ecosystem. In the process, the community will benefit from increased visibility while web 3.0 enthusiasts will find Upland more accessible. Moreover, the community members will get the chance to earn more $SPARKLET which they can trade within our even outside exchange.
SPARKLET has been in the Upland community for over two years with enhanced utility, usage, and holding. In addition to a host of other features, players can produce their own assets on the platform by enhancing the game, which they can then exchange for other players in order to build an economy.
Tokenomics of Upland is uniquely designed to benefit the vibrant community. The token is issued on Ethereum and mirrored in Upland (EOS) with a total supply of 1,000,000,000 $SPARKLET tokens. The entire concept is to ensure a balanced and secure environment. It supports incentives, community grants, platform growth, and driving engagement. Furthermore, a sizable portion of the platform’s $SPARKLET can be managed by community proposals, guaranteeing an easy, open, and equitable method for ecosystem development. In order to ensure long-term success and active participation, the framework aims to match Upland’s operations with community requirements.
Since launching in 2020, Upland has become the largest mobile Web3 gaming platform. Backed by Animoca Brands, Upland has more than 3.5 million registered accounts and 30,000 to 50,000 daily active users. In May 2024, it recorded 200,000 active users, and to date, more than 6 million NFTs have been minted, including FIFA and NFLPA NFTs.
Uniquely in Web3, Upland has a FIAT onramp and offramp. In the last four years, Upland has recorded more than $15 million in volume for digital assets sold between players for USD and now has over 3,000 player-operated businesses known as Metaventures. With more than 300,000 unique landowners, Upland is the largest open world of its kind.
About Upland
Unveiled in 2019, Upland is the leading immersive Web3 gaming platform for mobile, mapped to planet Earth with a mission to build the world’s largest digital open economy. Through strategic alliances with FIFA, the NFLPA, Stock Car Pro Series, UNICEF, Bitget and others, Upland offers diverse activities, including virtual property trading, world-building, car racing, virtual shops, and rich, immersive social experiences. Upland has a strong creator and developer focus with a platform that connects to both Web2 and Web3 applications.
For more information, visit www.upland.me or download the mobile app on Google Play and the Apple Store.
Contact: [email protected]
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