The $UMAD token is an ERC-20 utility token on the Ethereum blockchain for MADworld platform transactions, governance, and staking utility, which are all designed to drive platform engagement. The total supply of the $UMAD token is fixed at 10,000,000,000, all of which will be minted on the same date — 26 November 2021.
The $UMAD token vouchers can be purchased with $REVV, $GMEE, $SAND, $TOWER, $LMT, $BONDLY, $PROS, $DOSE, and $QUIDD during the presale on the Animoca Brands Launchpad. The voucher distribution is set according to the payment method, with 111 vouchers worth US$280 reserved for each token (except for $REVV which has 112 vouchers reserved).
Buyers will be able to purchase a maximum of 10 vouchers from 1 selected denomination in a single transaction. There is no limit to how many purchases each user can make during the whole voucher presale. Buyers should ensure they have enough $ETH in their wallets to pay for gas fees associated with the transactions.
Please note that buyers are required to complete the KYC process and ID verification on Animoca Brands Launchpad here before 29 November 2021 in order to participate in the presale.
Vouchers will be redeemable for $UMAD tokens 6 months after the token listing, the exact date of which will be announced at a later date.
The original $UMAD token generation event will take place three days prior to the presale on the Animoca Brands Launchpad at 2 p.m. (UTC) on 26 November 2021. The total tokens being offered during the entire public token generation event will be 55,000,000 tokens across three launchpads and the MADworld website at an offering price of US$0.028 per token. This presale on the Animoca Brands Launchpad presents a rare chance to acquire $UMAD tokens at the public offer price after the token generation event has taken place.
MADworld has had early success across many of its strategic initiatives, including closing a private token offering to raise US$6 million, launching its own PFP (profile picture) NFT series MADminds, and serving as the exclusive NFT provider for the world’s most influential YouTube content creators.
About MADworld — the Multiverse Artist Defender (MAD)
MADworld, backed by Animoca Brands, offers an NFT experience and origination platform, along with an NFT marketplace that all use blockchain technology to protect creators and their content when they enter the untraversed multiverse. MADworld supports NFT minting to validate the ownership and provenance of physical art, collectibles, and products, and original content developed from live concerts, sporting events, artist battles, and other modes of creative expression. MADworld is designed to give creators complete control over their NFT strategy, supporting them by maximizing the income and impact from their intellectual property in perpetuity.
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