Utility Token smart contract Key features
The native digital cryptographically-secured utility token of the Las Vegas Metaverse Platform is a major component of the ecosystem on the Las Vegas Metaverse and is designed to be used solely on the platform in its initial development.
Las Vegas Metaverse will be issued as digital tokens on the Polygon blockchain. Polygon is a distributed computing platform orientated towards smart contracts. Polygon is a distributed virtual machine that allows end-users to build mobile smart contracts for transactions. Smart contracts are stateful applications stored within the Polygon blockchain. These contracts are cryptographically secure and can be verified or enforced automatically. Token contracts are a standard feature of the Polygon ecosystem.
Las Vegas Metaverse is a functional utility token that will be used as the unit of exchange between participants on the Las Vegas Metaverse Platform and to interact with web3 layers of the application.
The goal of introducing Las Vegas Metaverse is to provide a convenient and secure mode of settlement between participants who interact within the ecosystem on the Las Vegas Metaverse Platform. Las Vegas Metaverse Token does not in any way represent any shareholding, participation, right, title, or interest in the company, its affiliates, or any other company, enterprise, or undertaking, nor will Las Vegas Metaverse entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in any relevant jurisdiction.
Las Vegas Metaverse may be utilized on the Las Vegas Metaverse Platform as well as other exchanges as cryptocurrency pairs and markets are realized to perform in a market place.
2.1. Original Wallet Integration
The is the main Las Vegas Metaverse wallet and functions like most other original wallets. The resources under development will be captured in this wallet and used within the charter of the company to distribute token economics and NFTs to the network.
2.2. User and Copyright Wallet
Each time a user or administrator mints new content, the smart contracts supporting the Las Vegas Metaverse Platform will deliver a token to the copyright wallet of the user.
This transaction contains a stream of information that is recorded on the Polygons blockchain;
– Copyright data and international standards.
– Content authorized uploader.
– Upload time being faster than most chains.
– Upload location being in the users wallet.
– Meta-data of the content in the NFT.
The transfer of an interest in content and NFTs in the transfer of this blockchain record from the current copyright owner to the new copyright owner within the platform and between user wallets.
2.3. Creating more Las Vegas Metaverse NFTs
Each Las Vegas Metaverse new token or NFT request generates a transaction fee that is collected and delivered to the “fee pool”.
Anytime the pool reaches the amount set by admin, more Las Vegas Metaverse NFTs may be created/minted and added to the inventory.
To accommodate the existing product catalog the company is moving to incubate quickly.
Las Vegas Metaverse was acquired to become an incubator for various forms of digital currencies, Blockchain codes/programming, and NFT’s backed by a solid asset and inventories, therefore controls are used within the network to Las Vegas Metaverse is ready to publish the much-anticipated NFT’s an issue Las Vegas Metaverse digital coins (tokens) as an additional “bonus” to both groups of shareholders at Las Vegas Metaverse.