Sensorium Corporation has partnered with KuCoin cryptocurrency exchange to launch an in-game currency for Sensorium Galaxy, a move that will boost cryptocurrency usage as Sensorium Galaxy is expected to reach millions of users.
Sensorium Corporation will release a digital currency called Senso Token for in-game purchases in Sensorium Galaxy. The token will allow users to make game-related purchases and exchange for game content. Senso Token will also be used by third-party companies involved in Senso Galaxy, such as companies developing unique locations for customization events and game content for in-game purchases. Trading of Senso Token cryptocurrency will begin on the KuCoin exchange on March 20th at 18:00 Singapore time.
The Senso Token was developed on the Ethereum network, a global decentralized platform for digital currency, and was created in line with the ERC20 standard, the de facto technical standard for token implementations on the Ethereum blockchain. The introduction of the Senso Token cryptocurrency will also spur cryptocurrency adoption, as Senso Galaxy plans to attract millions of users from around the world to its groundbreaking social VR platform, bringing a new form of entertainment and social engagement to the world.
Participants in the 3D virtual world will make in-game purchases such as avatars, while businesses investing in Sensorium Galaxy to provide entertainment-themed content and venues will be able to purchase virtual locations and develop their own unique spaces within the virtual world.
Senso tokens will be listed on KuCoin, an IDG-backed cryptocurrency exchange with 5 million users worldwide. The tokens to be listed will be 1 billion tokens, available to closed round investors in a one-time issuance. Following the listing, the opportunity for withdrawal, i.e. selling and withdrawing, will also open on March 22 at 18:00 Singapore time.
A number of token “giveaway” sessions will also be arranged for current users of the KuCoin exchange. KuCoin has also partnered with Sensorium Corporation, which will result in further investment into Sensorium Galaxy.
“We're thrilled to be working with Sensorium on this exciting new product,” said Brian Kean, head of external communications at Sensorium Corporation. “Our partnership with KuCoin represents the fusion of two cutting-edge technologies: our virtual social reality platform and the crypto industry's leading blockchain platform. As the number of Sensorium Galaxy users grows, millions of them will become new crypto users, which will be a major contribution for both Sensorium and KuCoin as they take the crypto market to a new level.”
KuCoin CEO Johnny Liu said:This is a very important partnership. Both KuCoin and Sensorium represent the way new technologies will shape the future, and this strategic cooperation marks a strong push in this direction. Sensorium aims to eventually attract millions of users worldwide, which will obviously have a significant impact on the use of cryptocurrencies and, of course, the KuCoin platform. We now look forward to developing and promoting this partnership and pushing both social virtual reality and cryptocurrencies into the mainstream.”
Founded in September 2017, KuCoin has grown to become one of the most popular cryptocurrency exchanges, currently offering a suite of financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing and token issuance to 5 million users in 207 countries and regions around the world. Every fourth cryptocurrency holder in the world uses KuCoin.
Sensorium Corporation is currently working with Redpill VR to develop the Sensorium Galaxy social virtual reality platform that will enable seamless delivery of synchronized virtual reality content to users around the world. The platform will bring about a fundamental change in how users experience virtual reality, transcending its solitary nature. In Sensorium Galaxy, users will be able to interact with one another as events are livestreamed or accessed from a library. Sensorium Galaxy also marks the evolution of social networks, where users are no longer limited to a one-dimensional platform but can interact with friends and other users in a virtual environment. Sensorium Galaxy will consist of themed planets that offer users a variety of social interaction options.
Sensorium Corporation is a technology company that works with content partners, including world-renowned concert venues, clubs and festivals, to create digital simulations of real-world venues and virtual worlds. Investment in the project to date has been approximately $70 million, provided by a group of EU companies from the games and entertainment industries.
For more information, visit sensoriumxr.com.
