Sensorium Corporation is launching a digital currency called Senso Token, for in-game purchases in the Sensorium Galaxy. The token enables users to make gaming-related purchases and exchange game content. Third-party companies involved in Sensorium Galaxy, such as those developing unique locations for customized events as well as gaming content for in-game purchases, will also use the Senso Tokens. Trading of the Senso Token cryptocurrency begins at 18.00 Singapore time, 20 March on the KuCoin exchange.
The Senso Token has been developed on the Ethereum network, the global decentralized platform for digital currencies. It has also been created in line with the ERC20 standard, the de facto technical standard for token implementation on the Ethereum blockchain. Given that Sensorium Galaxy is set to attract millions of users from all over the world to its groundbreaking Social VR Platform, which brings a new form of entertainment and social engagement to the world, the introduction of cryptocurrency Senso tokens will also spur cryptocurrency adoption.
Participants in the 3D virtual worlds will make in-game purchases such as avatars while businesses who are investing in the Sensorium Galaxy to provide entertainment themed content and venues, can buy virtual locations to develop their own unique spaces in the virtual worlds.
The Senso token will be listed on KuCoin, an IDG-backed cryptocurrency exchange with 5 million users globally. The listing consists of 1 billion tokens available to closed round investors in a one-time issue. Following the listing a withdrawal opportunity, that is sale and withdrawal, will also open at 18.00 Singapore time, on 22 March.
A number of token 'give-away' sessions will also be available for current users of the KuCoin exchange. KuCoin is also partnering with Sensorium Corporation which as a result is set to drive further investment in the Sensorium Galaxy.
Brian Kean, Head of External Communications, Sensorium Corporation said: "Our partnership with KuCoin is the coming together of two advanced future technologies; our virtual social reality platform and an industry-leading blockchain platform for cryptocurrencies. As user numbers for Sensorium Galaxy build momentum millions of users will become new cryptocurrency users and as such both Sensorium and KuCoin will make significant contributions, and take to a new level, the cryptocurrency market."
Johnny Lyu, CEO at KuCoin, said: "This is a very significant partnership. Both KuCoin and Sensorium represent how new technologies are shaping the future and this strategic cooperation signals a strong drive in this direction. Sensorium ultimately aims to attract millions of global users and clearly this is going to have an important influence on the use of cryptocurrencies and of course the KuCoin platform. We are now looking forward to developing and driving this partnership forward and helping drive both social virtual reality and cryptocurrencies into the mainstream."
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.