Uprising Labs has announced the launch of its first utility token, $UPR, which is intended for use across all of the company's games. The token will become the key currency for games across various genres, including roguelites and multiplayer horror.
Launch of Token $UPR
The $UPR token was announced with a presale set to begin on June 24. It is positioned as the main currency for all Uprising Labs games.
Ecosystem and Tokenomics
The total token supply is 1 billion, of which 37% is allocated to the community, and 26% will fund future game developments. Internal vesting and public allocations are also included in the tokenomics.
Technological Foundation and Partnerships
$UPR is built on the Somnia blockchain, which supports over one million transactions per second. Additionally, Uprising Labs co-leads the $10 million Dream Catalyst accelerator aimed at helping Web2 studios transition to Web3.
The launch of $UPR and the development of the Uprising Labs ecosystem open new horizons for gamers and developers in the gaming industry, creating opportunities for the integration of blockchain technologies.
