What Is KaraStar UMY (UMY)?
Karastar(UMY) is a virtual world that seeks to empower creators to build a play-to-earn model and project the real-world value on a virtual game. Every piece of data about pets and games is unique in the blockchainthat allows every developer to build the gaming tools and history of the virtual world. Also, the blockchain mechanism in Karastar is created to reward the creators for their contribution to the ecosystem.
As the whitepapersuggests, the developers of the platform not only sell digital resources or items but also aim to focus on developing the digital world economy. The purpose of Karastar is to seek to build a stable and sustainable gaming world for the development of games and fulfill the wishes of the creators. For sustainable game development, the platform seeks to utilize Standard Planet Block, where the capacity and size of every planet determines its value and then transfers it to UMY for the creators. Also, the balance between expenditure and gain helps the KaraStar ecosystem sustain itself.
The tokenUMY initially got published on the Binance Smart Chain network. Binance Smart Chain (BSC) runs in parallel with the original Binance Chain, has smart contract capabilities, and is adaptable with the Ethereum virtual machine (EVM). However, the token is also ERC20-compatible and capable of circulating on various blockchains. Players can acquire the token in the game by participating in battles, daily tasks, competitions, and exploration. Above that, the acquired tokens in the game can be used for the evolution and breeding of Karas. For the enhanced performance of UMY, the mechanism of destroying and burning is implemented. Here, 20% of UMY consumed in the game is burned. For miningKara tokens, the proof-of-burn mechanism has opted where all these tokens are burned.
Moreover, the platform seeks to be an entertaining world that serves justice to everyone. Apart from that, the platform aims to make users more financially independent by entertainment and moneymaking. With an enriched social life, users can meet more friends and traders on this platform.
History of KaraStar (UMY)
The platform initially started with structure planning and whitepaper design in May 2021. June marks the official launch of prototype development, concept, and game resources. Later in September 2021, the KaraStar beta network and game contract were deployed, and in December, the official version was introduced along with Karas stakingand liquidity pool. The blockchain-based metaverse game is a group effort of team members. Dustin is the CEO, Kate Kryvonos is the COO, and Kumar is the CTO of this project.
