NFT
New metaverse project Sensorium (SENSO) shares the details of its latest milestones and crucial addition to its advisory team.
Sensorium Announces Largest Token Burning Event and Tokenized Land Sale
Metaverse ecosystem Sensorium has secured a significant private sale of non-fungible tokens (NFTs) related to its highly anticipated metal and gaming project, UNDER.
🚨 5M $SENSO Tokens WERE BURNT after private #NFT land sale 🔥
🗓 Date: April 26, 2023 (5:26:35 PM +UTC)
🔗 Burning Etherscan Transaction: https://t.co/JGer7oDe9q pic.twitter.com/WHHWesKytd
— SENSO Token✨ (@SensoToken) Apr 26, 2023
In the early NFT land sale, private investors eagerly bought packs tied to UNDER, the upcoming virtual world featuring 25,000 NFT packs with integrated blockchain game mechanics and an extensive upgrade system tied 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 coming months, these land lots will be made available to the general public through a multi-stage drop schedule, starting with an initial offering of 2,500 NFT lots. All transactions are settled in SENSO tokens.
Owning an UNDER NFT land pack allows users to monetize their blockchain gaming experience on Sensorium’s decentralized platform. Each NFT country is equipped with resources called SENSO Aura (SAr) that can be won by their owners through various game mechanics. Users can then exchange their SENSO Aura for ERC-20 SENSO tokens.
SENSO plays a critical role in all activities within Sensorium’s platforms, including functioning as the in-platform currency and facilitating NFT coins, NFT marketplace transactions, gaming mechanisms and social tokens. In addition, SENSO allows users to participate in Sensorium Galaxy’s Decentralized Autonomous Organization (DAO) for makers.
Former CEO of OKX Jay Hao joins Sensorium as an Advisory Board member
This symbolic burn is not a first for Sensorium. The company carried out a significant fire at the end of 2021, burning 1 billion SENSO and keeping the total supply at 700 million tokens.
Earlier this week, Sensorium announced that well-known crypto figure Jay Hao, former CEO of OKX, has joined its Expert Advisory Board.
📢 Former OKX CEO Jay Hao Joins Sensorium Expert Advisory Board 🤝
Jay Hao joins a select group of leaders responsible for providing strategic advice to @SensoriumGalaxy
on matters of importance and will support management in realizing its strategy.… pic.twitter.com/GW8hDM7bmK— SENSO Token✨ (@SensoToken) Apr 27, 2023
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 burgeoning Web3 space.
