KARASTAR UMY

KaraStar UMY logo
KARASTAR UMY
UMY: A Play-to-Earn Metaverse Token
Not publicly confirmed Binance Smart Chain GameFi / Play-to-Earn
Live price
$0.00
As of Not publicly confirmed
+0.21% (24h)
Price chart

Price Performance Overview

A price chart visually represents an asset's historical price movements over various timeframes, offering insights into trends, volatility, and trading ranges. For KaraStar UMY (UMY), with a current reported price of $0.00, a traditional price chart would show minimal or no recent activity at a measurable value. This effectively means that the asset currently holds no discernible market value on public exchanges.

Investors typically analyze price charts to identify support and resistance levels, gauge market sentiment, and understand the impact of past events on the asset's valuation. Key indicators often include moving averages, trading volume, and technical patterns. Without specific historical price data beyond the all-time high, it is impossible to display a meaningful chart that reflects active trading. However, the reported all-time high of $0.93 indicates that UMY once held significant value, making its current $0.00 price a critical point for historical analysis and raising questions about its current status.

When evaluating an asset with such a low reported value, it is crucial to seek out real-time, granular price data from multiple reputable sources to confirm its current market status and any recent trading activity. This helps in understanding if the asset is truly dormant, undergoing a transition, or experiencing extreme illiquidity. The absence of a measurable price suggests a severe lack of market interest or available trading pairs.

Market stats
Price
$0.00
24h Change
+0.21%
Market Cap
$0.00
24h Volume
$197.00
All-Time High
$0.93
Circulating Supply
0

What is KaraStar UMY (UMY)?

KaraStar UMY (UMY) is the native token of a virtual world designed to empower creators within a play-to-earn (P2E) gaming model. The project aims to project real-world value into a digital game economy, where every piece of data related to pets and games is uniquely recorded on the blockchain. This foundational approach allows developers to build gaming tools and contribute to the virtual world's history, with a mechanism to reward creators for their contributions to the ecosystem.

The core purpose of KaraStar is to establish a stable and sustainable gaming environment that supports game development and fulfills the aspirations of its creators. To achieve this, the platform utilizes a concept called 'Standard Planet Block,' where the capacity and size of each virtual planet determine its value, which is then transferred to UMY tokens for creators. The ecosystem is designed with a balance between expenditure and gain to ensure its long-term viability, moving beyond merely selling digital items to building a comprehensive digital world economy.

UMY tokens were initially launched on the Binance Smart Chain (BSC) network, leveraging its smart contract capabilities and compatibility with the Ethereum Virtual Machine (EVM). The token is also ERC20-compatible, allowing for potential circulation across various blockchains. Players can acquire UMY within the game by engaging in activities such as battles, daily tasks, competitions, and exploration. These acquired tokens are essential for in-game functions, including the evolution and breeding of 'Karas,' the game's digital pets. A burning mechanism is also implemented, where 20% of UMY consumed in the game is permanently removed from circulation to enhance its performance and manage supply. For mining Kara tokens, a proof-of-burn mechanism is utilized.

Trading insights

Trading Insights for UMY

The current market data for KaraStar UMY (UMY) presents a highly unusual and critical scenario for potential traders and investors. A reported price of $0.00, coupled with a $0.00 market capitalization and a circulating supply of 0, indicates an asset that currently holds no measurable market value or is experiencing extreme illiquidity. This effectively means there are no UMY tokens actively trading or being valued on public markets.

The 24-hour trading volume of $197.00, while not zero, is exceptionally low. This minimal volume suggests that there is virtually no active trading interest or liquidity in the market for UMY. For any trader, this implies that even small buy or sell orders could significantly impact the token's price, making it extremely difficult to enter or exit positions without substantial slippage. Such low liquidity often leads to wide bid-ask spreads, further increasing trading costs and making price discovery nearly impossible.

The all-time high of $0.93 provides historical context, demonstrating that UMY once had a tangible market value. The drastic decline from this peak to the current $0.00 price points to a near-total loss of market confidence or a significant operational change within the project. Traders must exercise extreme caution and conduct extensive due diligence before considering any involvement with UMY. It is imperative to verify the project's current status, development activity, and community engagement. A $0.00 market cap with 0 circulating supply could signify a project that is dormant, abandoned, or undergoing a major restructuring, where existing tokens may no longer be tradable or recognized. The risk of total capital loss is exceptionally high under these conditions.

Liquidity & market structure

Liquidity & Structure Overview

Liquidity is a critical factor for any tradable asset, determining how easily it can be bought or sold without significantly impacting its price. A healthy liquidity structure typically involves tokens distributed across various venues, such as centralized exchange order books, decentralized exchange (DEX) liquidity pools, staking contracts, and project treasuries.

For KaraStar UMY (UMY), the reported circulating supply of 0 and a $0.00 market cap suggest an extreme lack of liquidity. This implies that there are currently no tokens actively available for trading in public markets, or if they are, they are not being valued. The illustrative bars below represent a generalized view of how token distribution could be structured in a typical project, but they do not reflect the current factual allocation for UMY given its reported metrics. They are normalized for UI display purposes only and are not claims of actual token distribution or liquidity for KaraStar UMY, which currently appears to have no active market liquidity.

Exchange Order Books
15%
Decentralized Pools
20%
Staking Contracts
18%
Project Reserves
25%
Early Investors
22%
Price history
1W
+0.1%
1M
-0.5%
3M
-1.2%
YTD
-2.5%
1Y
-5.0%
All
-99.9%

Price History Analysis

The price history of an asset provides a retrospective view of its performance, reflecting past market sentiment, adoption, and project developments. For KaraStar UMY (UMY), the reported current price of $0.00, combined with an all-time high of $0.93, indicates a significant depreciation in value since its peak, representing a near-total loss of market value.

While the 24-hour change is a positive +0.21%, this percentage change is relative to a base price of $0.00, meaning the actual price movement is negligible and does not signify meaningful market activity. The illustrative bars above depict hypothetical percentage changes over various periods, with the 'All' period accurately reflecting the substantial decline from its all-time high. This dramatic drop suggests that UMY has experienced a near-total loss of market value, which could be due to various factors such as project inactivity, lack of adoption, or broader market downturns impacting specific niches like GameFi.

Understanding the context behind such a price trajectory is crucial. Investors should investigate the project's roadmap, development updates, community engagement, and any official announcements that might explain the current valuation. A thorough analysis would also involve examining trading volumes during different periods to ascertain liquidity trends and identify any periods of significant interest or divestment. Given the current $0.00 price, any historical data should be viewed with extreme caution, as it may no longer reflect the asset's current viability.

Past performance is not indicative of future results. Cryptocurrency markets are highly volatile, and prices can fluctuate significantly. The illustrative bars above are for visual representation only and do not represent exact historical returns for UMY, except for the 'All' period which reflects the decline from its all-time high to its current $0.00 valuation.
About & details

About KaraStar UMY (UMY)

Project Vision & Mission

KaraStar UMY is built around the vision of a sustainable and stable gaming world that empowers creators and allows them to project real-world value into a virtual economy. The platform aims to foster financial independence for users through entertainment and moneymaking, promoting an enriched social life where players can connect with friends and traders. The core mission is to develop a robust digital world economy, moving beyond merely selling digital items to building a comprehensive ecosystem for game development and creator fulfillment.

Technology & Network

The KaraStar ecosystem leverages blockchain technology to ensure that every piece of data related to pets and games is unique and immutable. This decentralized approach enables developers to build new gaming tools and contribute to the virtual world's history. UMY tokens were initially deployed on the Binance Smart Chain (BSC), a blockchain known for its smart contract capabilities and compatibility with the Ethereum Virtual Machine (EVM). This compatibility also makes UMY an ERC20-compatible token, allowing for potential interoperability across various EVM-compatible networks. A key technological feature is the 'Standard Planet Block,' where the value of virtual planets is determined by their capacity and size, then transferred to UMY tokens for creators.

Token Utility & In-Game Mechanics

UMY serves as the primary utility token within the KaraStar game. Players can acquire UMY by participating in battles, daily tasks, competitions, and exploration. These acquired tokens are essential for in-game functions, including the evolution and breeding of 'Karas,' the game's digital pets. A burning mechanism is implemented where 20% of UMY consumed in the game is permanently removed from circulation to enhance its performance and manage supply. Additionally, a proof-of-burn mechanism is utilized for mining Kara tokens.

History & Team

The KaraStar platform initiated its structure planning and whitepaper design in May 2021. June 2021 marked the official launch of prototype development, concept, and game resources. Later in September 2021, the KaraStar beta network and game contract were deployed. In December 2021, the official version was introduced, along with Karas staking and a liquidity pool. The blockchain-based metaverse game is a collaborative effort, with Dustin serving as CEO, Kate Kryvonos as COO, and Kumar as CTO of the project.

About this asset

About KaraStar UMY

KaraStar UMY (UMY) is the native token of a play-to-earn (P2E) metaverse game built on the Binance Smart Chain. It aims to create a sustainable virtual economy where creators are empowered, and in-game assets and data are uniquely recorded on the blockchain. UMY tokens are acquired through gameplay and used for in-game functions like pet evolution and breeding, with a burning mechanism to manage supply. The project launched its beta in September 2021 and introduced its official version in December 2021.

Network & addresses

Network Addresses & Contract Information

Network addresses, specifically the smart contract address for a token, are crucial for verifying its authenticity, interacting with it on the blockchain, and tracking its supply and transactions. For KaraStar UMY (UMY), the specific contract address was not publicly confirmed in the provided data.

UMY is stated to have been initially published on the Binance Smart Chain (BSC) network and is ERC20-compatible. This implies it operates on a blockchain that supports smart contracts, allowing for its creation and management. However, without a verified contract address, users cannot directly interact with the token on-chain, verify its existence, or confirm its deployment details.

Investors and users should always seek out the official contract address from reputable sources, such as the project's official website, blockchain explorers (e.g., BscScan for BSC tokens), or trusted data aggregators. Using an incorrect contract address can lead to irreversible loss of funds or interaction with fraudulent tokens. Given the current $0.00 price and 0 circulating supply, verifying the contract address and its activity is an essential step for any due diligence.

Market behavior & liquidity

Market Behavior & Dynamics

The market behavior of KaraStar UMY (UMY) is currently characterized by extreme illiquidity and a lack of measurable value. With a reported price of $0.00, a market capitalization of $0.00, and a circulating supply of 0, UMY exhibits characteristics of an asset that is either dormant, abandoned, or has been delisted from major trading venues without a clear path to recovery.

The minimal 24-hour trading volume of $197.00, while not zero, is insufficient to support any meaningful price discovery or active trading. In such a low-liquidity environment, any buy or sell orders, no matter how small, could theoretically cause disproportionately large price swings. However, with a $0.00 price, these movements would still be within a negligible range. This scenario makes it virtually impossible for typical market forces of supply and demand to operate effectively.

For assets with such market conditions, typical trading strategies are inapplicable. There is no clear trend to follow, no support or resistance levels to identify, and no reliable indicators of market sentiment. The primary behavior observed is a complete absence of a functioning market. Potential investors should be aware that attempting to acquire or sell UMY under these conditions carries an exceptionally high risk of being unable to execute trades or facing total loss of capital due to the lack of counterparties and market depth.

FAQ

Frequently Asked Questions (FAQ)

What is KaraStar UMY (UMY)?

KaraStar UMY (UMY) is the native token of a play-to-earn (P2E) metaverse game built on the Binance Smart Chain. It aims to create a sustainable virtual economy where creators are empowered, and in-game assets and data are uniquely recorded on the blockchain. UMY tokens are acquired through gameplay and used for in-game functions like pet evolution and breeding.

What is the current price of KaraStar UMY?

The current reported price of KaraStar UMY (UMY) is $0.00. This indicates that the asset currently holds no measurable market value on public exchanges.

Why is the circulating supply of UMY reported as 0?

A reported circulating supply of 0 for UMY suggests that there are currently no tokens actively available for trading in public markets, or if they exist, they are not being recognized or valued. This contributes to the asset's $0.00 market capitalization and extreme illiquidity.

Who are the key team members behind KaraStar?

The KaraStar project team includes Dustin as CEO, Kate Kryvonos as COO, and Kumar as CTO. The platform's development began in May 2021, with its official version launched in December 2021.

What is the all-time high price for UMY?

The all-time high price for KaraStar UMY (UMY) was $0.93. This historical peak contrasts sharply with its current $0.00 valuation, indicating a significant depreciation in value.

Tokenomics & supply

Tokenomics of KaraStar UMY (UMY)

Tokenomics refers to the economic model governing a cryptocurrency, including its supply, distribution, utility, and mechanisms for value creation or destruction. For KaraStar UMY (UMY), the token serves as the primary utility token within its play-to-earn metaverse game.

Utility: UMY tokens are essential for in-game activities such as participating in battles, completing daily tasks, engaging in competitions, and exploration. Crucially, UMY is required for the evolution and breeding of 'Karas,' the game's digital pets. This in-game utility is designed to create demand for the token within the ecosystem.

Supply & Burning Mechanism: The reported circulating supply of UMY is 0, which is an unusual and critical metric. This suggests that no tokens are currently in active public circulation or being valued. However, the project's design includes a burning mechanism where 20% of UMY consumed in the game is permanently removed from circulation. This deflationary measure is intended to enhance the token's performance and manage its supply over time. Additionally, a proof-of-burn mechanism is utilized for mining Kara tokens, further integrating burning into the ecosystem's core functions.

Value Transfer: The platform utilizes a 'Standard Planet Block' concept, where the capacity and size of virtual planets determine their value, which is then transferred to UMY tokens for creators. This mechanism aims to link in-game economic activity to the token's value. However, the current $0.00 price indicates that this value transfer mechanism is not currently translating into a measurable market valuation.

The combination of a reported 0 circulating supply and a $0.00 market price suggests that the tokenomics, while designed for in-game utility and supply management, are not currently functioning in a way that supports a public market value. This warrants significant investigation into the project's current status and token distribution.

Comparable assets

Comparable Assets

Comparing an asset to others in the market can provide context for its valuation, market position, and potential. For KaraStar UMY (UMY), the provided data suggests that assets with a similar market capitalization include Revenue Coin, CheeseSwap, and Solarbeam. However, it is critical to note that UMY's reported market cap is $0.00, meaning these 'comparables' are likely other assets with extremely low or negligible market valuations.

When evaluating comparables, analysts typically look for projects within the same sector (e.g., GameFi, metaverse), with similar technological foundations, tokenomics, or target audiences. Key metrics for comparison usually include:

  • Market Capitalization: Total value of all circulating tokens.
  • Trading Volume: Indicates liquidity and market interest.
  • Circulating Supply: Number of tokens publicly available.
  • Price-to-Earnings (P/E) or Price-to-Sales (P/S) Ratios: If applicable for revenue-generating projects.
  • User Base & Engagement: For GameFi projects, active players and community size are crucial.

Given UMY's current $0.00 price and 0 circulating supply, direct comparison based on traditional financial metrics is challenging. Any 'comparable' assets with a similar market cap would also likely be in a highly illiquid or dormant state. Investors should instead focus on comparing the underlying project's activity, development roadmap, and community support, rather than relying solely on market cap figures for assets with no measurable value.

Risks & limitations

Key Risks Associated with KaraStar UMY (UMY)

Investing in cryptocurrencies inherently carries risks, but KaraStar UMY (UMY) presents an exceptionally high-risk profile due to its current market metrics. Potential investors should be acutely aware of the following significant risks:

  • Extreme Illiquidity: With a reported circulating supply of 0 and a $0.00 market capitalization, UMY is effectively illiquid. This means there are virtually no buyers or sellers, making it nearly impossible to acquire or divest of tokens without significant price impact or, more likely, without being able to complete a transaction at all.
  • Total Loss of Capital: The current $0.00 price indicates that the asset has lost almost all its market value from its all-time high of $0.93. There is a very high risk of total capital loss, as the project may be dormant, abandoned, or its tokens may no longer be recognized or tradable on any active market.
  • Lack of Price Discovery: A $0.00 price and minimal trading volume ($197.00 in 24h) mean there is no effective price discovery mechanism. The market cannot accurately value the asset, and any reported price is essentially meaningless in terms of active trading.
  • Project Abandonment or Stagnation: The drastic decline in value and lack of market activity could signal that the project has been abandoned by its developers or has failed to gain traction. Without ongoing development, community engagement, or clear communication, the asset's future viability is severely compromised.
  • Difficulty in Verification: The absence of a publicly confirmed contract address and the unusual market metrics make it difficult for investors to verify the token's authenticity, its on-chain activity, or the project's current operational status.
  • Regulatory Uncertainty: The broader cryptocurrency market faces evolving regulatory landscapes. Projects with unclear status or low liquidity may be particularly vulnerable to adverse regulatory actions or delisting from exchanges.

Given these factors, UMY should be considered an extremely speculative asset with a very high probability of total loss for any investment. Thorough independent research and extreme caution are strongly advised.

Sources

Sources & Further Reading

Tools & calculator & data quality

Data Quality & Confidence

The data provided for KaraStar UMY (UMY) includes a current price of $0.00, a 24-hour change of +0.21%, a market capitalization of $0.00, a 24-hour trading volume of $197.00, an all-time high of $0.93, and a circulating supply of 0. This information offers a snapshot of the asset's reported market status.

However, several critical pieces of information are missing or present unusual values. The market capitalization and circulating supply being $0.00 and 0, respectively, are highly unusual and significantly limit confidence in the asset's current market viability. Specific dates for the 'As of' line are not provided, nor is a verified smart contract address for the token. Comprehensive historical price data beyond the all-time high is also absent.

The absence of a measurable price, coupled with a zero circulating supply, suggests extreme illiquidity or a dormant project. This limits confidence in any derived metrics, as they are based on a non-existent or non-functional market. To improve confidence, it is crucial to verify:

  • The project's official website and recent development updates.
  • The current status of the smart contract on the Binance Smart Chain.
  • Whether UMY is actively traded on any reputable exchanges or decentralized platforms.
  • Official announcements regarding the token's supply, distribution, or any restructuring.
  • Community engagement and activity on social media or forums.

Without further verification, the provided data points to an asset with a very high risk profile and effectively no active market presence.

Tools & calculator

UMY Tools & Calculators

Cryptocurrency calculators typically allow users to convert between different cryptocurrencies or fiat currencies, estimate potential returns based on price changes, or calculate staking rewards. For KaraStar UMY (UMY), the utility of such tools is severely limited by its current market status.

Given UMY's reported price of $0.00, any conversion or investment return calculations would yield negligible or zero results. A calculator might show that any amount of UMY is worth $0.00 in fiat currency, or that a 0.21% gain from $0.00 still results in $0.00. Similarly, calculating potential future value becomes highly speculative when the current value is non-existent.

While a generic calculator could technically process the numbers, its practical application for UMY is minimal. Investors interested in UMY would first need to ascertain if the token has any measurable value or active trading pairs before any financial calculations become meaningful. Instead of a calculator, the immediate 'tool' required is thorough due diligence to understand the project's viability and the actual tradability of its tokens.

Summary snapshot

KaraStar UMY (UMY) Summary

KaraStar UMY (UMY) is the native token of a play-to-earn metaverse game on the Binance Smart Chain, designed to empower creators and build a sustainable digital economy. Despite its ambitious vision and in-game utility for pet evolution and breeding, UMY currently faces extreme market challenges. It is reported with a price of $0.00, a market capitalization of $0.00, and a circulating supply of 0, indicating a severe lack of liquidity and measurable market value. While it once reached an all-time high of $0.93, its current status suggests a dormant or abandoned project. The minimal 24-hour trading volume of $197.00 further underscores the absence of active market interest. Investors should approach UMY with extreme caution, recognizing the high risk of total capital loss and the difficulty in trading or valuing the asset.

Related assets

Related Assets

Identifying related assets can help investors understand broader market trends and potential alternatives within a specific sector. For KaraStar UMY (UMY), given its classification as a GameFi/Play-to-Earn token on the Binance Smart Chain, related assets would typically include other tokens within the blockchain gaming and metaverse ecosystems.

However, UMY's current market status (price $0.00, circulating supply 0) makes direct comparison based on market performance or valuation challenging. Instead, related assets could be sought based on:

  • Sector: Other GameFi, Play-to-Earn, or metaverse tokens (e.g., Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND)).
  • Network: Other tokens built on the Binance Smart Chain (BSC) that are also ERC20-compatible.
  • Project Vision: Other projects aiming to empower creators in virtual economies or build sustainable gaming ecosystems.

When researching related assets, it is crucial to evaluate their active development, community engagement, market liquidity, and overall ecosystem health. For an asset like UMY, which currently lacks a measurable market presence, comparing it to actively traded and liquid assets can highlight the significant disparity in market viability and risk profile.



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