Contents
- Sensorium announces largest token burn event and tokenized land sale
- Former OKX CEO Jay Hao joins Sensorium as an expert advisory board member
Sensorium Burns $500,000 worth of SENSO, Holds UNDER NFT Tokenized Land Sale
Vladislav Sopov
After completing private NFT sale, Sensorium (SENSO) is proceeding to a massive token burn campaign
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The new metaverse project Sensorium (SENSO) shares the details of its latest milestones and an important addition to its advisory team.
Sensorium announces largest token burn event and tokenized land sale
Metaverse ecosystem Sensorium has secured a significant private sale of non-fungible tokens (NFT) linked to its long-awaited metal and gaming project, UNDER.
The early NFT land sale saw private investors eagerly purchase packs linked to UNDER, the upcoming virtual world that will feature 25,000 NFT packs with integrated blockchain game mechanics and an extensive upgrade system linked to original games.
Following the private sale, the company burned $500,000 worth of SENSO tokens as part of their ongoing efforts to maintain a healthy tokenomics ecosystem.
Over the next few months, these land parcels will be made available to the general public via a multi-stage drip scheme, starting with an initial offering of 2,500 NFT parcels. All transactions will be settled in SENSO tokens.
Owning an UNDER NFT land parcel allows users to monetize the blockchain gaming experience on Sensorium’s decentralized platform. Each NFT land is equipped with resources, called SENSO Aura (SAr), which can be mined by their owners through various game mechanics. Users can then exchange SENSO Aura for ERC-20 SENSO tokens.
SENSO plays a critical role in all operations within Sensorium’s platforms, including acting as the currency in the platform and facilitating NFT development, NFT marketplace transactions, game mechanics and social tokens. In addition, SENSO allows users to participate in Sensorium Galaxy’s Decentralized Autonomous Organization (DAO) for creators.
Former OKX CEO Jay Hao joins Sensorium as an expert advisory board member
This symbol burning is not the first for Sensorium. The company performed a significant burn at the end of 2021, burning 1 billion SENSO and leaving the total supply at 700 million tokens.
Earlier this week, Sensorium announced that renowned crypto figure Jay Hao, former CEO of OKX, has joined the Expert Advisory Board.
Hao’s extensive blockchain experience, including his tenure at the world’s second-largest cryptocurrency exchange, is expected to provide valuable insights for Sensorium as it continues to push boundaries in the fast-growing Web3 space.
