# UTBETS Token Features on UltiBets

**Introducing** **UTBETS,  the UltiBets Token Protocol.**

**UTBETS Token** was designed to be both **Community-centered** and **fully integrated** into the **UltiBets Protocol by having several main functions:**

* **Being a Multichain Token deployed on 4 chains (Arbitrum / Avalanche /** **BSC / Polygon) to reach adn accomodate the most possible our Community.**
* **Being the only duo currency accepted on UltiBets** (with the **respective native tokens on each blockchain**) with a special section dedicated on the website **where every Prediction Markets /Squid Bet Competitions are payed/rewarded in UTBETS only.** 
* **Being the only currency accepted on the UltiBets Metaverse.** **No matter which blockchain you are coming from, UltiBettors will be reunited under the UTBETS banner in the Metaverse where every Predictions/Squid Bet Competitions are payed/rewarded in UTBETS only.**
* **Incentivise the growth of new users via the** **Referral tiers system and Reward tiers system (based on volume of predictions made on UltiBets), both** **rewarded in UTBETS token only**.
* **Leaderboard for UTBETS on Prediction Markets**: **At the end of the last month's day, we'll take a snapshot of the 500 best UltiBettors who made predictions using UTBETS**, to **participate into a special "Warriors SBC" as a reward for these elite UltiBettors.**
* **Being able to participate into the UltiBets Protocol Governance.** Indeed, **by holding a minimal amount of UTBETS Tokens (100 UTBETS)**, you will be **eligible to make proposals and vote** **about improving the protocol** on various subjects such as adding new categories, side predictions, new Squid Bet Competitions themes etc…