Upland PriceSPARKLET

What is Upland (SPARKLET)? Key Specifications & Tokenomics

SPARKLET is the utility token powering the Upland metaverse, a blockchain-based property trading game mapped to the real world. It is the native utility token of the Upland metaverse, a virtual world where players buy, sell, and trade digital properties tied to real-world addresses. SPARKLET is used for in-game actions and governance. SPARKLET is an ERC-20 token on Ethereum, bridged to and from EOS, and also available on Base. Within Upland it is non-transferable between players; players can bridge it to Ethereum to trade it as an ERC-20 token. The token is earned through gameplay, primarily by owning and operating properties that generate Spark. SPARKLET is used for minting NFTs, participating in governance, and accessing premium features. SPARKLET can be traded as an ERC-20 token on external exchanges where permitted.

Who created Upland (SPARKLET)?

Uplandme, Inc., a Silicon Valley-based company, created the Upland metaverse and its SPARKLET token. Upland was co-founded by Dirk Lueth (Co-CEO), Idan Zuckerman (Head of Product), and Mani Honigstein, who bring backgrounds in technology, gaming, and entrepreneurship. The company, Uplandme, Inc., is based in Silicon Valley. The core vision was to build a digital economy that mirrors the real world, allowing users to become "digital landowners." The development and ongoing governance of the Upland ecosystem are managed by Uplandme, Inc., which guides the project's roadmap and integrates community feedback through its governance model involving SPARKLET token holders. Uplandme, Inc. has raised $27M over 4 rounds from 15 investors, with a reported valuation of $300M; a Series A of $7M was raised in October 2023.

How does Upland (SPARKLET) work?

Upland operates as an EOS-based metaverse. Players purchase NFT properties that correspond to real-world addresses. These properties generate an in-game resource called Spark, which is required for various construction and development activities within Upland. SPARKLET tokens are earned by converting accumulated Spark. This tokenomics model ties in-game effort and asset ownership directly to the generation of the utility token. Upland is built on the EOS blockchain, which the project describes as providing fast transactions for NFTs and token transfers within the ecosystem. Inside Upland, SPARKLET is either staked (allocated to a task for its duration and returned when the work finishes) or spent (consumed outright, e.g., to create Legits). Building time is measured in Spark hours, where 1 Spark = 1,000 Sparklet; for example, a micro house requires 1,500 Spark hours.

What makes Upland (SPARKLET) unique and valuable

Upland stands out by blending the virtual and physical worlds in a unique way. Its core value propositions include:

• Real-World Mapping: Digital properties in Upland are tied to actual addresses, creating a familiar and engaging layer of gameplay and potential utility.
• Play-to-Earn Mechanics: The model of generating Spark from owned assets, which can be converted to SPARKLET, provides a clear economic incentive for player participation and investment.
• Established Ecosystem: Upland reports over 3 million registered accounts and a strong community of daily active players, with trading and regular updates and partnerships, giving SPARKLET utility within a vibrant platform.
• Dual-Token System: Separating the consumable resource (Spark) from the tradeable utility token (SPARKLET) allows for flexible in-game economics.

What is Upland (SPARKLET) used for?

The SPARKLET token is central to the Upland economy, with several key utilities:

• Minting NFTs: SPARKLET is used to pay for minting new NFT properties and other in-game assets.
• In-Game Construction and Production: Constructing buildings and structures, manufacturing vehicles/ornaments/UGC items, generating seeds at Nurseries, fueling vehicles, operating Metaventures, and merging Uppies.
• Governance: Periodically, Upland puts SPARKLET burn proposals to a community vote, giving Architects a voice in the token's long-term supply and economics.
• Premium Features: Access to exclusive features, events, and customization options within the game may require SPARKLET.
• Trading: SPARKLET can be traded on supported exchanges for other cryptocurrencies, such as USDT.

How to buy SPARKLET Coin?

SPARKLET trades as an ERC-20 token on Ethereum; per public sources, active markets include Gate (SPARKLET/USDT) and Uniswap V3 (Ethereum). SPARKLET can be traded as an ERC-20 token on external exchanges where permitted.

SPARKLET can be earned and won within Upland, purchased on Ethereum and bridged in, or bought through the Upland store (limited amounts per sale, priced at the average market price over the previous two weeks).

Total supply and max supply are both 1,000,000,000 SPARKLET. A total and finite supply of 1,000,000,000 SPARKLET will be issued on Ethereum, mirrored by 1,000,000,000 SPARKLET on EOS. No inflation mechanism is built into the smart contract.

SPARKLET is a volatile crypto asset, and its price fluctuates with market conditions. Regulatory treatment of crypto assets varies by jurisdiction and may change. The project also carries technology risks, including smart contract and bridging risks. This article is for reference only and does not constitute investment advice.