UTILIX is conducting its presale in a unique manner by offering NFTs instead of traditional token sales. The reason for this is because we see so many great projects raise funds via a presale or fair launch then within couple days the chart is Rekt and it’s hard to recover from. So I personally think it's more appealing to the investors and for sustainability of the project.
The NFTs come in three different tiers, each offering various perks and benefits to the holders. Here's a summary of what the presale entails:
NFT Rewards Wallet: A wallet will be set up to receive 1% of every buy and sell transaction made with the UTILIX token. At the end of each week, the funds in this wallet will be distributed to all NFT holders based on the tier of NFT they own.
Tier 1 NFT ($100):
20% share of the NFT rewards wallet.
5% UTX token bonus on the first buy.
Tier 2 NFT ($250):
30% share of the NFT rewards wallet.
5% Split share of the total presale funds.
10% UTX token bonus on the first buy.
Tier 3 NFT ($500):
50% share of the NFT rewards wallet.
10% Split share of the total presale funds.
15% UTX token bonus on the first buy.
Additional Benefits: The project promises to have buybacks and burns, which will create constant buy pressure on the token, contributing to the NFT rewards wallet. They also mention other utility aspects like gamefi/gamblefi connected to the project.
Deflationary Token: The token is designed to be deflationary, which means its supply will decrease over time, potentially increasing its value.
Limited NFTs: The NFTs are limited in quantity, which means only the presale holders will earn the reflections from the NFT rewards wallet.
Loyalty Rewards: The team also plans to reward loyal investors with other perks, such as revenue sharing from their Launchpad and a trading bot that trades other tokens and adds to the project's treasury.
It's essential for potential investors to carefully review the project, understand the risks involved, and ensure that the team and the project align with their investment goals before participating in the NFT presale or any crypto-related investment. Additionally, as with any investment, there are inherent risks, and the market can be highly volatile. Conduct thorough research and, if needed, seek advice from financial experts before making any investment decisions.
