Sensorium kickstarts SENSO token burn as private sale of UNDER NFT Land begins
The buzz around Sensorium’s highly anticipated metaverse gaming project, UNDER, has reached new heights as the company reported a private sale of Non-Fungible Tokens (NFTs) associated with this new virtual world. In a show of commitment to a healthy tokenomics ecosystem, Sensorium also burned $500,000 worth of SENSO tokens following the operation.
UNDER, a cutting-edge metaverse project, will feature 25,000 NFT land parcels integrated with blockchain game mechanics and an extensive upgrade system tied to original games. Once the private sale is concluded, the general public will get access to a multi-stage NFT drop.
The initial offering will comprise 2,500 NFT parcels, with all transactions settled using SENSO tokens. Both private and public proceedings will contribute to the burning of SENSO tokens.
By owning an UNDER NFT land parcel, users will be able to monetize their blockchain gaming experiences on Sensorium’s decentralized platform. Each NFT land parcel is equipped with resources known as SENSO Aura (SAr) that can be mined by owners through various mechanics. Users can then exchange their SENSO Aura for ERC-20 SENSO tokens.
SENSO tokens play a crucial role in all operations within Sensorium’s platforms, functioning as the ecosystem token, facilitating NFT minting, NFT marketplace transactions, game mechanics, and social tokens. SENSO also enables users to participate in Sensorium Galaxy’s decentralized autonomous organization (DAO) for creators.
The recent burning of $500,000 worth of SENSO tokens is not the first time Sensorium has taken such a step. In 2021, the company burned 1 billion SENSO, leaving the total supply at 700 million tokens.
In another significant development, Sensorium recently announced that well-known crypto businessman Jay Hao, former CEO of OKX, has joined their Expert Advisory Board. With a wealth of blockchain experience, including his tenure at the world’s second-largest cryptocurrency exchange, Hao is expected to provide valuable insights for Sensorium as they continue to break new ground in the rapidly expanding Web3 space.
As the demand for quality blockchain gaming experiences grows, Sensorium’s UNDER project is well-positioned to capture the imagination of both gamers and crypto enthusiasts alike. The successful private sale of NFT land parcels and the strategic burning of SENSO tokens demonstrate the company’s interest in providing a thriving ecosystem for its users.
With more NFT land parcels set to become available to the public in the near future and the addition of industry expert Jay Hao to its advisory board, Sensorium appears poised to make a significant impact in the metaverse and blockchain gaming sectors. As the world continues to embrace the potential of Web3 technologies, projects like Sensorium’s UNDER could play a pivotal role in shaping the future of digital interaction and entertainment.