The TruthUFO
$0.00000580
Market/Exchange
UFO Price Prediction and Price Movement
UFO has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that UFO's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if UFO is backed by a solid development team and whether UFO's technology has any potential to grow.
Please note that this analysis is purely base on UFO's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
The Truth Price Chart
About The Truth
To find out even more about this project, check out our deep dive of UFO Gaming.
What Is UFO Gaming (UFO)?
UFO Gaming is a decentralized gaming platform with play-to-earn elements, NFTs, and DeFi functionality like staking. Its first game is Super Galactic, an RPG/arcade action game with its own NFT collection combined with an auto battler. UFO Gaming is built on Ethereum, but its games are integrated with Immutable X, a layer-two scaling solution for NFT projects on Ethereum.
Players can participate in UFO Gaming by minting playable characters in the form of NFTs called UFOeps. This is done by farming the in-game utility points called Plasma Points with the native UFO token. With UFOeps, players battle against a hostile alien race in a scavenged world to defend world peace and tranquility while earning rewards for completing daily quests. UFOeps can also be leveled up and later sold on the UFO Gaming marketplace.
After completing its launch phase in Q3 2021, UFO Gaming is currently in its growth phase and listing on different exchanges and launching partnerships. In the future, the developers plan an expansion phase that will see the launch of its marketplace, breeding between different NFTs, the introduction of virtual land, and the release of its first game Super Galactic. This will be followed by the launch of a metaverse, a partnership reveal with a game studio, new games, and a DEX integrated with the platform.
Who Are the Founders of UFO Gaming?
The founders of UFO Gaming are unknown; however, they claim to have produced a range of games over the past six years in the game development sphere. The team is also supposedly experienced in crypto, with most of them being in the space since 2014. The focus is on a long-term driven approach that concentrates on UFO Gaming being built at the frontier of blockchain gaming.
UFO Gaming has sealed several high-impact partnerships with projects such as Kadena, Merit Circle, Citizen X, Polygon, and ShibaSwap.
What Makes UFO Gaming Unique?
Despite its superficial similarities with other play-to-earn games, UFO Gaming tries to set itself apart by an intricate in-game economy that combines NFT minting and GameFi quests.
In the so-called Cosmos Event, players get to mint Origin UFOeps, which are the rarest and most valuable NFTs in the ecosystem. Over time, the probability to mint an Origin UFOep decreases. Origin UFOeps can only be bought with Plasma Points, equivalent to experience points, and generated through the Super Galactic staking dApp. Plasma points are also required to access the game. Players can attain Plasma Points by staking their UFO in a single-staking UFO vault or a UFO-ETH liquidity pool. The $UFO single-stake pool holds 25% of the pool, while the UFO-ETH LP pool holds 75% of the total pool.
UFOeps are central to playing Super Galactic, the RPG/arcade action/ARG game, where you can battle and breed digital super soldiers. Each UFOeps has a uniquely generated power force known as Spirit Force. If a player did not manage to mint an UFOeps, they can buy one with UAP, the game’s third token used for merging NFTs. UAP can also be earned for completing missions and daily quests, with a rating system rewarding players for their daily interactions.
Lastly, UFOeps follow a detailed rating system with several classes distinguishing between higher-ranked and lower-ranked soldiers. New soldiers can be bred by fusing two old ones and completing daily quests can improve a soldier’s ranking.
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Read our deep dive into UFO Gaming.
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How Many UFO Gaming (UFO) Coins Are There in Circulation?
Players can earn through minting and selling NFTs, selling land and accessories, and completing quests. UFO Gaming uses a three-token ecosystem:
- UFO is used to connect the different tokens and can be staked in the single-staking pools or UFO/ETH liquidity pools to mint NFTs.
- Plasma Points can be earned from staking and are used to buy soldiers (UFOeps).
- UAP is needed to breed soldiers and complete daily quests and missions. In contrast to Plasma Points, UAP can be exchanged for other cryptocurrencies like UFO.
All UFO has been launched without pre-mines or pre-sales and is 100% community-owned. 50% was added to the Uniswap liquidity pool and 50% was burned on TGE. The total supply of UFO is 51.5 trillion.
How Is the UFO Gaming Network Secured?
UFO Gaming is built on Immutable X, a layer-two scaling solution for NFTs on Ethereum. Immutable X uses Zk-rollups to achieve a much higher transaction speed than Ethereum (9,000 tps) at zero gas fees while not compromising security. In doing so, it aims to become the go-to blockchain for NFT-based games.
UFO is a ERC-20 token on Ethereum.
Where Can You Buy UFO Gaming (UFO)?
UFO is available on KuCoin, Gate.io, Uniswap (V2), LBank and MEXC.