Fantaverse PriceUT

What is Fantaverse (UT)?

Fantaverse (UT) is the utility token powering FantaVerse, a Web 3.0 metaverse gaming world inspired by the legendary sci-fi movie Ready Player One. FantaVerse aims to be grand like the film's OASIS, but with infinite cosmic space and countless planets where players can engage in different games and experience life on each planet. The metaverse comprises 480 planets divided into Genesis, Life, Core, and Resource classes, each providing distinct functions such as social interaction, gaming, in-game tasks, resource mining, and entertainment.

UT is deployed on BNB Smart Chain (BEP20); the project also references Ethereum in its technology stack. FantaVerse utilises blockchain technologies including smart contracts, cross-chain bridges, NFTs, decentralised transactions, and decentralised storage. UT serves as the base cryptocurrency for on-chain payments and trading props within the ecosystem. The total supply and max supply of UT are both capped at 7.2 billion tokens. FantaVerse has released its Beta version, offering hi-poly real 3D immersive interactivity with blockchain integration.

Key Specifications & Tokenomics

• Name: Fantaverse
• Ticker / Symbol: UT
• CoinMarketCap ID (UCID): 23347
• Blockchain / Ecosystem Tag: BNB Chain Ecosystem
• Category: Metaverse Gaming, Utility Token
• Max Supply: 7,200,000,000 UT
• Total Supply: 7,200,000,000 UT
• Circulating Supply: 0 UT (per CoinMarketCap registry data)
• Holders: approximately 2.65K
• Launch date: 2020
• Contract address (BNB Smart Chain): 0x39dc1f91fee49c03a0db558254707116101518bf
• Official Website: https://www.fantaverse.io
• Whitepaper: https://www.fantaverse.io/whitepaper/index.html
• Explorer: bscscan.com
• Company Entity: Fantaverse Private Limited, a Singapore registered company (UEN: 202229489W)

FantaVerse operates with two token types: FantaCoin (FTC) as the ERC-20 ecosystem token used mainly for DAO decentralised governance and revenue sharing, and Universal Token (UT) as the utility token. UT is deployed on the blockchain and functions as the essential token for in-game purchases, including armours, avatars, land, buildings, limited NFTs, and breeding costs.

Who created Fantaverse (UT)?

FantaVerse's development team is described as Web 3.0 savvy, with every member passionate about pushing the envelope to build a AAA graphic experience. The minds behind Fantaverse are named as Henry Astley, Albert Kek and Julian Chang. Henry Astley is noted for his expertise in blockchain technology and played a pivotal role in the project. The team behind Fantaverse is dedicated to continuous improvement, with a clear roadmap for future updates and enhancements. The project is operated under Fantaverse Private Limited, a Singapore registered company with UEN 202229489W, which promises to fully comply with the laws and regulations of all countries in which it operates.

How does Fantaverse (UT) work?

FantaVerse is a Web3.0 application that leverages blockchain technologies such as smart contracts, cross-chain bridges, NFTs, decentralised transactions, and decentralised storage. The backbone of its technology is the combination of Ethereum and Binance Smart Chain, which ensures that all transactions and interactions within the ecosystem are transparent, immutable, and secure. Players log in with wallets such as MetaMask or TrustWallet and enter FantaVerse by purchasing NFT characters on ETH, BSC, Polygon, or Solana to start gameplay.

All assets in FantaVerse, including characters, land, legendary equipment, skins, vehicles, mounts, and planets, are NFT assets. Players can utilise FantaEditor, FantaVerse's proprietary game editor, to gamify their NFTs in the metaverse, making these NFTs real game applications rather than just collectibles. The platform uses leading-edge cloud technology to provide low-latency gameplay accessible from anywhere with just an internet connection, seamlessly integrating with AR, VR, and MR hardware.

What makes Fantaverse (UT) unique and valuable?

FantaVerse distinguishes itself by addressing key problems in existing metaverse games. It delivers high-poly graphic quality instead of low quality, supports PC, mobile, and browsers rather than only PC, provides an immersive experience, and eliminates the need for downloads. FantaVerse claims a large-scale game client compared with typical metaverse games, and the world size is unlimited rather than very limited. The platform also supports a creator economy with multi-token NFT and multi-token capabilities, which many competitors do not offer.

The project encourages virtual socialisation and integrates seamlessly with AR, VR, and MR hardware. With FantaEditor, creators can enhance the metaverse with scenes, characters, assets, and custom gameplay. The 480-planet structure, divided into Genesis, Life, Core, and Resource classes, provides diverse functions and experiences. FantaVerse has described a token burn mechanism intended to reduce supply over time.

What is Fantaverse (UT) used for?

UT is the most essential token in the FantaVerse universe, used as the base cryptocurrency for on-chain payments and trading props. Players can purchase in-game armours, avatars, land, buildings, limited NFTs, and breeding costs through UT. There are multiple ways to obtain UT: doing UT tasks after buying a character to get exclusive UTs, completing in-game tasks and consuming energy, and defeating monsters and upgrading, with higher-level players gaining more UT.

FantaVerse uses the blockchain economy to reward players for their contributions to the ecosystem. Players can earn various tokens by participating in world building, gameplay, and contributions to the ecosystem. Each planet has its own planet token, and players can earn various tokens through participation. This multi-token ecosystem encourages active engagement and rewards players for their time and effort within the metaverse.

How Is the Fantaverse (UT) ecosystem developing?

FantaVerse has released the Beta version of its gaming ecosystem, offering hi-poly real 3D immersive interactivity and blockchain integration. The Beta version release is highlighted as a significant milestone in the project's development. UT was listed on Poloniex on 12 January 2023 at 20:30 SGT. UT is tracked on major platforms including Coinbase, Binance, Crypto.com and CoinMarketCap.

The project maintains an active community across multiple channels, including Twitter, Telegram, YouTube, Medium, Discord, and Facebook. The team is dedicated to continuous improvement with a clear roadmap for future updates and enhancements.

How to mine Fantaverse (UT)?

UT is earned by participating in the FantaVerse ecosystem rather than through mining. After purchasing a character, players can complete UT tasks to receive exclusive UTs. In-game tasks that consume energy also reward players with UT. Defeating monsters and upgrading characters provides additional UT, with higher-level players earning more. The platform uses the blockchain economy to reward players for their contributions to world building and gameplay.

FantaVerse has described a token burn mechanism intended to reduce supply over time. Staking opportunities are also part of the ecosystem as the project develops.

How to keep your Fantaverse (UT) Coin safe?

To keep your UT tokens safe, use reputable wallets such as MetaMask or TrustWallet, which are supported by FantaVerse for logging in and managing NFT assets. Always verify contract addresses before interacting with any token or platform. Store your private keys securely and never share them with anyone. Enable two-factor authentication where available and be cautious of phishing attempts that mimic official FantaVerse channels.

Since FantaVerse operates on BNB Chain and Ethereum, ensure your wallet is configured for the correct network when managing UT tokens. Keep your wallet software updated to the latest version to benefit from security patches. For long-term storage, consider using hardware wallets that support BSC and Ethereum-based tokens. Always access official FantaVerse resources through verified links and avoid clicking on suspicious links from unofficial sources.

As with any cryptocurrency, UT is subject to price volatility, and its value can rise or fall sharply. Regulatory policies in different jurisdictions may affect how tokens can be used, traded or held, and technical risks such as smart contract vulnerabilities or network disruptions may also affect the project. The points above describe how the project presents itself and should not be read as assurances about future performance.