What is Upstake?
Upstake is an erc20 based token that sits in a controlled exchange where it's value is set to increase every hour by having a controlled burn of a percentage of of the exchange fees of every sale.
The exchange itself runs on hour long sessions offering a first come first serve opportunity sales/buys.
Each hour the exchange resets itself at the new token price clearing the order book as to offer everyone an equal chance for sale or buys.
Fees- Trading transactions using the UPS tokens will bear a 3% fee that is split up for use in affiliate fees, administration and burned UPS tokens.
Edge is designed to build the UpStake investment ecosystem. It works by you purchasing an Edge, when you purchase the edge splits into two edges which you refer to your crypto network. Once they join and purchase the BTC goes directly to your BTC wallet.
Build a successful micro network
The real key to success is building a solid partnership with two other crypto friends, once your network is up you can make real profits in a matter of minutes. You aren’t waiting around for weeks or months, real profits, real value and most importaly its 100% sustainable forever.
Long term sustainable profits for everyone
Edge is designed to empower the UpStake ecosystem, when a edge is first created you need UPS tokens, 90% of the tokens used to fuel the creation of the edge are burned forever. To learn more about UPS tokens visit our website and check out our frequently asked questions.
Edge pool
The end pool works by taking 5% from each edge purchase and buying out edges randomly. The longer an edge has been in circulation the more chance it has of getting bought out and burned. The pool is an important part of creating long term demand.
UPS Token burn
The UPS price is always increasing, the price is currently set on a preset growth rate which over time will be pegged to the burning of tokens, the more tokens that get burned the higher the price will rise. When someone creates a new edge they’ll only be able to do this with UPS tokens. Once created 90% of the tokens used to fuel the edge will be burned forever.
Explainer Video can be located here.
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