$CHAMP Token Launch!
Ultimate Champions was launched in May 2022 and after a few months, we are thrilled to announce the launch of our premium token: $CHAMP!
Our philosophy has always been ‘Player first’ and it was important for us to have a live game and proven use cases before launching our token.
Today we are thrilled to share the details about the $CHAMP launch!
CHAMP listing
We aim to list the $CHAMP on July 25th at roughly 17:00 GST / 15:00 CET / 11:00 EDT!
The starting price of the $CHAMP token and exchanges will be revealed soon.
$CHAMP KYC Airdrop
In order to reward a community that has been loyal and in many ways helped us grow the game over the past few months, we will be Airdropping $CHAMP directly into the game wallets of our verified users.
Only the first 3000 verified users will receive the Airdrop, which gives enough room for unverified users to perform their KYC in Ultimate Champions. Also, users verified after 22nd July 2022 won’t be eligible for the Airdrop.
The Airdrop will happen after the $CHAMP Launch which is scheduled for the 25th of July. Our objective is to increase the number of $CHAMP holders in the game apart from the primary objective of rewarding the early adopters of the game.
The CHAMP Airdrop allocation will be based on the Collection Score of players. This is to ensure that the users who have been a part of the game and the Ultimate Champions Community as a whole for a long time receive their due, also, new users with considerably smaller or no collection scores will be rewarded with plenty of $CHAMP to build on what they already have.
- Collection score of 0: 200 $CHAMP
- Collection Score >20: 250 $CHAMP
- Collection Score >100: 300 $CHAMP
- Collection Score >500: 400 $CHAMP
- Collection Score >1000: 500 $CHAMP
- Collection Score >3000: 800 $CHAMP
- Collection Score >5000: 1000 $CHAMP
How to be eligible? It’s simple and free!
Create an Ultimate Champions account and head towards our Identity Check page.
At the time of writing this article, there are still some spots left to grab to be eligible for the airdrop!
Tokenomics
Allocations
The $CHAMP token will be unlocked in a pre-determined schedule which lasts for 33 months from the public sale. The initial circulating supply is set to 141.5M $CHAMP — 14.15% of the total supply.
More details here: https://whitepaper.ultimate-champions.com/usduna-token/usdchamp-ultimate-champions-token/untitled
Token use cases
Purchase exclusive content
While Ultimate Champions allows multiple payment methods, some of our most prestigious Packs will only be available to be bought in $CHAMP tokens!
On top of that, the $CHAMP will always be available as a payment option for any content we sell currently or in the future.
Play-to-earn rewards
The $CHAMP token will power the high-end rewards of the game. While we also have another soft currency to power the play-to-earn loop, players that performed the best will be able to get their hands on the shiny $CHAMP!
Staking
When the feature becomes available, $CHAMP holders will have the opportunity to stake their tokens in order to get rewards for holding the tokens.
The staking pool will have two sources of $CHAMP tokens:
- The initial staking allocation (12%) — see tokenomics above
- The revenue sharing strategy will add back $CHAMP progressively to the staking pool from game revenues
One token to power all sports
25% of all revenues generated on the Ultimate Champions platform will circle back into the $CHAMP value!
This revenue-sharing strategy already applies to the currently live Ultimate Champions Football, which is powered by the $CHAMP token.
By the end of the year, we will release Ultimate Champions Basketball which will follow the same revenue-sharing strategy.
Any other sport added to the platform in the future will automatically be plugged into this ecosystem.
This will help us create an ecosystem where players can build collections and play across multiple sports with one currency powering them all and use cases across the sports!
