Get HUBBE tokens in initial offering, asset allocation is now available for support
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Hubbe City is a decentralized virtual soccer universe powered by the Ethereum blockchain. Within the Hubbe platform, users can live the same experiences as a real soccer player on the rise.
Hubbe's immersive and virtual universes are finite and traversable called LANDS, they are non-fungible digital assets held in an Ethereum smart contract. Lands are divided into shards that must belong to members of the Hubbe community. These digital properties can be acquired with HUBBE, the token that mediates the various interactions present in Hubbe City. This gives users full control over the environments and creates various forms of monetization and enjoyment.
Users can acquire a finite amount of land, when buying it, they can reside or build sports-related ventures. The next step is to allow users to create a club, manage a team, join the league system to compete in different competitions and get rewarded. Users can buy assets (NFTs) like stadiums and earn tokens by hosting events in them.
By exploring the Hubbe ecosystem's revenue sources, it is possible to establish an economic model for users that distributes rewards as interactions, hierarchical levels, competitions and possession of possessions are achieved within the metaverse.
$HUBBE is an ERC-20 token built on the Ethereum blockchain. It is the main utility token and currency of the Hubbe City ecosystem. It is also a governance token. As such, $HUBBE will be required for the purchase and sale of non-fungible tokens (NFTs) such as LANDS and ASSETs in the marketplace. You will also need to maintain $HUBBE to participate in the governance of this digital universe.
The unconventional initial offering format adopted by HUBBE and its technical team is inspired by Launchpads-type fundraising platforms, to ensure democratic and anti-whales distribution among HUBBE token holders. Everything so that the offer remains limited, participants with any values can access the token and that there is no great disparity between them and that a limit of tokens per user is established in each round of HUBBE tokens offer.
The initial offer of HUBBE tokens will take place in a maximum of four asset allocation rounds lasting only 24 hours each, the participant willing to obtain HUBBE tokens in this launch stage must have capital from US$ 10 in accepted assets by the platform (USDT, ETH, BTC) allocating them as proof of interest in obtaining tokens. A distribution calculation will be applied to ensure an equal distribution among the participants, with the remaining values being returned to the user.
Once you have allocated your amounts to “Commit your assets”, they will be temporarily locked for up to 48 hours and cannot be redeemed until the end of the asset allocation rounds to obtain $HUBBE tokens. After deducting the corresponding amount from your allocated assets and distributing the tokens to the user's account, your remaining assets will be available for allocation in new rounds and can be withdrawn in full at the end of 4 rounds. During the bidding rounds, participants must pay attention to bids that will not support different assets in a single allocation, so those who are going to allocate different assets must make more than one bid during the 24-hour period. Any remaining balance not corresponding to a purchase of tokens will be credited to the account again. This balance can either be allocated in new rounds or redeemed at the end of all subsequent rounds.
Given the size of tokens per round and its given number of participants, we can measure the maximum amount of tokens that can be obtained for each participant, the amount allocated in assets becomes a variable that demonstrates the relevance that each participant has taking into account the entire amount collected. With all this data collected, the platform has up to 48 hours to determine the distribution of HUBBE tokens to all participants.
The initial objective for the HUBBE token is to promote the greatest decentralization of holders and users possible, so three rounds of Crowdsale will be offered to the community in a democratic way and with limited values per participant.
Reserves: the purpose of reserves is to maintain funds to fuel the rewards and incentives economy within the HUBBE CITY metaverse;
Team: the distribution of tokens to developers and contributors will have a blocking period of 24 months;
Community: the allocation of tokens to the community and stake holders will have a blocking period of 24 months;
Airdrop: Token airdrops will happen strategically in the launch phase of the HUBBE universe.