Los Angeles, Nov. 26, 2021 – MADworld – the Multiverse Artist Defender, an Animoca Brands-backed nonfungible token (NFT) Experience and origination platform, executed their public token generation event (TGE) on Friday, Nov. 26, 2021, at 2 pm UTC.
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 billion, all of which will be minted on the same date: Nov. 26, 2021.
The total number of tokens being offered for public sale during the entire token offering process will come to 55,000,000 tokens across three launchpads and through a MADworld allowlist campaign. The TGE listing price was set at US$0.028 per token and the company sold out of all public offerings in less than 20 minutes.
The $UMAD listing on Uniswap will open the token to public trading, allowing all investors to participate in becoming owners of the MADworld platform token. Initially, only the ETH/UMAD trading pair will be available on the Uniswap DEX but more trading pairs will open within the week. Additionally, there are multiple centralized exchange (CEX) listings that will take place over the next eight-week period, following the company’s internal roadmap. More information on this will be available through all official MADworld communication channels.
MADworld took a multi-launchpad approach to execute the TGE, offering three ways to acquire UMAD allocation at the TGE price. All sales channels, except the Animoca Brands Launchpad have already sold out UMAD. The available distribution channels were:
- Animoca Brands Launchpad
- Ignition Launchpad from Paid Network
- Zendit Launchpad from MantraDAO
- MADworld.io TGE Allowlist
Animoca Brands Launchpad
10 million UMAD tokens will be available through the Animoca Brands Launchpad at 12 pm UTC on Nov. 29, 2021. Tokens will be $0.028 per the UMAD token TGE listing price. There will be a six-month vesting schedule for UMAD acquired through the Animoca Brands Launchpad. This post-TGE sale 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.
Ignition Launchpad by Paid Network sold out two pools of UMAD allocation totaling 15,000,000 UMAD tokens within 20 minutes on Friday, 26 November 2021.
Zendit Launchpad from MantraDAO sold out of their allocation of 3,571,428 UMAD tokens, raising $100,000 in less than 45 seconds.
The official MADworld TGE Allowlist campaign sold out of 25,000,000 tokens, raising $ 700,000 among 70 allowlist winners. The company’s allowlist campaign was significantly oversubscribed with over 4,000 allowlist submissions.
MADworld has been extremely active in the NFT space since its initial launch in July, 2021.
The organization partnered with YouTube sensation and top content creator Airrack to mint collectible memorabilia NFTs related to Airrack’s Xtreme Pong event. Xtreme Pong was livestreamed ping pong tournament hosted by Airrack in collaboration with twelve globally popular creators, including Zach King, Brent Rivera, ZHC and Bryce Hall. The tournament pit all twelve creators against one another in a knockout-style tournament to decide who has the most dominant ping pong skills and win the $120,000 tournament prize pool. MADworld was the exclusive NFT partner of the event and developed special NFTs for the event.
Airrack at Xtreme Pong with Creators Charlie Jordan and Anas Marwah from the Anasala Family on Nov. 13, 2021
The group also just off of a high note after completely selling out of their first PFP (profile picture) NFT project, MADminds — Virtual Genius. The project offered 1,111 unique NFTs in collaboration with comic artist Pat Lee, who has hand-drawn each character’s unique features used to customize all NFT pieces and distinguish rarities.
The total MADminds NFT project is a series based on eight of the greatest minds in history. There will be seven additional MADmind NFT styles offered through the first quarter of 2022. The Virtual Genius NFTs will enshrine Albert Einstein as the greatest genius throughout the multiverse and as the first in a set of eight great thinkers to be offered to the MADworld community as NFTs. Future MADminds to be enshrined in the multiverse will be launched as part of a greater MADminds project with identical rarity levels and amounts, bringing the total MADmind NFT project quantity to 8,888 unique assets.
MADminds Virtual Genius NFTs by Pat Lee and MADworld NFT platform
Regions restricted from participating in the TGE include Congo, Côte d’Ivoire, Cuba, Iran, Iraq, Korea, Liberia, Sudan, Syrian Arab Republic, United States of America, Venezuela, Zimbabwe.
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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