Upland gaming platform is launching its new utility token, $SPARKLET, on Ethereum today. This initiative will boost its innovative gaming platform. The token will be listed on exchanges starting at 1 pm UTC. $SPARKLET will enhance interactions within Upland’s virtual world. It will also support various activities such as NFT creation and platform development. The aim is to build a lively and sustainable ecosystem.
63% of $SPARKLET Supply to be Locked for Community
It has been planned to distribute a significant amount of $SPARKLET through airdrops. Further 0.75% will be distributed via the Bitget Launchpool. A total of 63% of the token’s circulating supply will be locked in at the initial listing, where it will be distributed among enthusiast community members who have been using the platform.
Today, more than 140K players integrate $SPARKLET into their everyday life in Upland. The launch will enable users to swap tokens for and from Ethereum, meaning that users can buy or sell $SPARKLET outside the Upland game or continue to use it in the game exclusively. This flexibility will enable users to hold as many $SPARKLETs as possible.
$SPARKLET will be listed and tradable on established exchanges such as Bitget, HTX, and Gate.ai. As a utility token of a community-centric project, $SPARKLET does not have designations for the team, investors, or pre-sales. This ensures that the tokens are circulated in the market with players, creators, and developers who have supported the growth of Upland.
Idan Zuckerman Highlights $SPARKLET Listing as Major Milestone
Idan Zuckerman is the Co-founder and Co-CEO of Upland. He noted that listing $SPARKLET on external exchanges is quite a big step. This will help to enhance its awareness among Web3 users. This step will also create additional opportunities for token usage for the current Upland customers.
Since it was launched in 2020, Upland has become the largest mobile Web3 gaming platform. Backed by Animoca Brands, Upland has over 3.5 million registered accounts and between 30,000 and 50,000 users per day. It has produced over 6 million NFTs, such as FIFA and NFLPA NFTs. There is also a FIAT onramp and off Ramp in Upland, which has processed over $15 million in digital asset exchanges among players. Currently, there are more than 300,000 distinctive landowners. They make Upland the world’s largest open world.
