Overview
ULYS Token is a utility token designed to facilitate transactions and services within the Web3Dev ecosystem, particularly aimed at empowering the upcoming multi-vendor marketplace. By leveraging the Arbitrum (ARB) network, ULYS provides fast, cost-effective, and scalable solutions for users and developers alike.
Token Details
Name: ULYS
Symbol: ULYS
Blockchain: Arbitrum (Layer 2 solution on Ethereum)
Decimals: 18
Total Supply: 1,000,000,000 ULYS
Buy with Radom: https://pay.radom.com/presale/fa6d38bc-821a-4935-8566-376f7574172d
Telegram community : https://t.me/+mjWODEUGj49lMGY0
Mission
Our mission is to create a seamless, decentralized environment where developers, vendors, and users can interact with minimal friction, using ULYS to unlock a range of exclusive services, governance rights, and transaction capabilities within our ecosystem.
Use Cases
Purchase of Services: ULYS will be the primary currency for buying services from Web3Dev, including development tools, APIs, and educational resources.
Marketplace Transactions: Within our multi-vendor marketplace, ULYS will serve as the medium of exchange, reducing fees and transaction times.
Governance: Token holders will have the ability to vote on key decisions affecting the platform’s direction, upgrades, and fund allocation.
Staking & Rewards: Holders can stake ULYS to participate in governance and earn rewards, incentivizing long-term holding and platform engagement.
Tokenomics
Distribution
Public Sale: 30% (300,000,000 ULYS) – To ensure widespread distribution and community involvement.
Team & Advisors: 15% (150,000,000 ULYS) – Vested over 3 years with a 1-year cliff to align incentives with project success.
Development & Ecosystem: 30% (300,000,000 ULYS) – Allocated for ongoing development, marketing, partnerships, and ecosystem incentives like grants and airdrops.
Reserves: 20% (200,000,000 ULYS) – For market stabilization, unforeseen expenses, and strategic initiatives.
Liquidity: 5% (50,000,000 ULYS) – To ensure there’s enough liquidity for trading, facilitating a healthy market for ULYS.
Inflation/Deflation Mechanisms
Token Burning: A portion (e.g., 0.1%) of each transaction fee within the marketplace will be burned, reducing the total supply over time to potentially increase the token’s value.
Staking
Staking Rewards: A portion of the ecosystem’s revenue will be redistributed to stakers, encouraging participation and network security.
Governance
Voting Rights: Each ULYS token represents one vote in governance proposals, allowing the community to steer the project’s future.
Why Arbitrum?
Speed and Low Fees: Transactions on Arbitrum are much faster and cheaper than on Ethereum’s main network, ideal for our marketplace’s requirements.
EVM Compatibility: Our smart contracts are written in Solidity, ensuring seamless integration and use of Ethereum’s vast developer tools and resources.
Scalability: Arbitrum’s design allows for significant scalability, supporting our growth and adoption plans without compromising on performance.
Token Implementation
Smart Contract: An ERC-20 compliant smart contract will be deployed on Arbitrum for ULYS. This contract will include functions for minting, burning, transferring, and approving tokens, with specific logic for our ecosystem’s needs.
Roadmap
Q1 2025: Token sale and initial distribution.
Q2 2025: Launch of the multi-vendor marketplace with ULYS integration.
Q3 2025: Introduction of staking and governance platform.
Q4 2025: Expansion of services available via ULYS, including developer tools and educational content.
2026: Continuous ecosystem growth, partnerships, and token utility expansion.
Legal
This whitepaper is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities or any other financial instrument. Please consult with legal professionals regarding the legalities of token sales in your jurisdiction.
Conclusion
ULYS Token is set to revolutionize how services and transactions are handled within the Web3Dev ecosystem on Arbitrum, offering a blend of utility, governance, and investment for its holders. We are committed to transparency, community involvement, and the long-term success of our platform.