Umiverse Gitbook
Umiverse White Paper
Umiverse White Paper
  • Overview
    • Basic Info
    • Official Links
    • Our Vision
    • Road Map
    • Team
  • Become A Diver
    • Community Links
    • Umiverse Diver Manual
  • Tokenomics
    • Overview
    • Circulation Model
    • NFT Dive Engine
    • Staking
    • $UMI
    • Supply & Allocation
    • Dive Point System
  • Technology
    • EVM Blockchains
    • Developer Links
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  1. Tokenomics

$UMI

About $UMI

Factors Affecting the Price of $UMI

Purchases and Buy-Back Mechanism

  • All NFT platform transactions are in USDT/USDC.

  • 51% Buy-Back: When a purchase is made, 51% of the price is used to buy back $UMI, ensuring constant demand.

  • 49% Developer Revenue: The remaining 49% goes to the Developer in USDT/USDC.

Token Burning

  • $UMI tokens are periodically burned, following the token distribution model, to reduce supply and potentially increase value.

Earning $UMI

  • Users can convert Dive Points to $UMI, providing an additional way to acquire the token.

Trading $UMI

  • At BETA PHASE 3, a USDT/$UMI and USDC/$UMI pool will be established to facilitate the buying and selling of $UMI tokens.

For Game Developers: Developer Game Console

  • Developers can access the backend of Umiverse by applying for an account here.

  • All applications are reviewed by the Umiverse team for approval.

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Last updated 7 months ago