Introducing UpStake

UpStake tokens (UPS) are designed to increase in value over time. They achieve this through a mechanism of burning tokens at the point of transaction. The more transactions that take place the faster circulation of UPS tokens will decrease. This innovative concept enables UpStake or any 3rd party to build better end user product that creates real value on top of the core UpStake concept. This isn’t always possible in highly volatile markets.

Understanding the core concept is the first step in understanding how this crypto project long term will be mass adopted by millions people and be incredibly valuable per token.

Decentralisation is important to the core team. They believe any developer, entrepreneur, or business owner can build on top of the UpStake concept using UPS tokens. When you sit back and think through this you quickly realise just how big the UpStake community can grow. New projects would save a huge amount of time and resources plugging into the already established UpStake community.

Crypto and blockchain technology has a long way to go in real world, on the ground infrastructure before we’ll see customers using crypto over traditional fiat on a daily bases. At the moment the vast majority of crypto users who are early adopters of the technology are looking to make money. UpStake creates a viable solution and reduces significant volatility risk.

Another key area to explore is the fundamental business model used by UpStake and the zero liability on its balance sheet. This is key to the long term viability of a project like UpStake. Most projects fail for a few reasons, it’s a scam, it has liability to its members or the business has little adoption and doesn’t make any money. When exploring this deeply with the UpStake model there isn’t liability created on the balance sheet as value is created through the burning of tokens and the price rising hourly. UpStake deploys two key charges at the point of transaction. 1) Burning a percentage of the tokens. 2) Administration fees. The administration fee is how the business intends to make money from customers long term as the number of transactions increase significantly. The business also holds 500,000 UPS tokens which it uses to pay for employees and partners and ultimately has a vested interest in the long term success of the business along with everyone else that currently holds UPS tokens.

This 12 part blog series aims to outlining everything you’ll need to know about the UpStake project and why i personally believe it will play a key part in helping onboard millions of people in crypto over the coming years.
Part 1 — Introducing UpStake

Part 2 — Game Theory

Part 3 — Team, who are they?

Part 4 — UpStake Exchange

Part 5 — UPS, its purpose outside of creating wealth

Introducing UpStake | Ecency