About to make its preliminary trade itemizing, Universal Protocol Token (UPT) will function a mega-utility token, providing holders engaging rates of interest when lending and borrowing, decrease trade charges, cashback and reductions on buying and selling.
Mega-Utility Token to Debut Wednesday
The Universal Protocol Alliance is a gaggle of like-minded cryptocurrency corporations and blockchain organizations that need to join totally different digital belongings in a single community. The group has recognized that many customers want progressive options to maneuver digital belongings seamlessly throughout totally different wallets, exchanges, and networks. The alliance members embrace Bittrex, Brave, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred.
Universal Protocol Token is the native token of the Universal Protocol Platform, and is the underlying utility token for the Universal Protocol ecosystem. Consumers can use it to make transactions with the extra tokens and stablecoins that Universal Protocol has launched together with UPUSD, UPEUR, and UPBTC. Universal Protocol Token (UPT) will debut Nov. 20, 2019 on Bitcoin.com Exchange as an preliminary change itemizing, and can be out there for buying and selling by non-U.S. individuals solely.
“The Universal Protocol Token is the solution for businesses, consumers and governments large and small require solutions to digitally maneuver assets anywhere and anytime,” stated JP Thieriot, co-founder of the UP Alliance and Uphold. “UPT will unlock tremendous value in the ecosystem and set the stage for even more innovative solutions in the marketplace.”
Alliance Members to Provide Special Offers
Each Alliance member will present a essential element to the ecosystem, and present totally different providers and reductions, together with:
Cred: Holders of UPT will earn curiosity on UPT and all UP tokens via Cred Earn. Holders of UPT or any UP token will even be capable of collateralize UPT or any UP token to obtain fiat loans. Cred is a worldwide lending and borrowing platform serving clients in 183 nations with over $300 million of lending capital.
Uphold: Holders of UPT will obtain further digital foreign money again with the launch of the Uphold debit card (as much as a further 1%) and will obtain reductions on all trades carried out on Uphold. Founded in 2014, Uphold has over 2 million customers all over the world and has traded over $5.four billion on its digital cash platform and reserve ledger.
Blockchain at Berkeley: Holders of UPT and any UP token can buy items, providers and tickets for blockchain occasions at lowered costs. Blockchain at Berkeley is an educational group on the University of California, Berkeley, that gives instructional assets, consultancy, and R&D to a few of the largest blockchain tasks on the planet.
Omisego: Holders of UPT will have the ability to pay charges utilizing Omisego’s cost settlement know-how. Omisego is a number one layer 2 scalability answer for Ethereum supporting any sort of tokenized asset together with UPT.
Certik: Holders of UPT and any UP token will profit from lowered code auditing charges when cost is made with UP tokens. Certik is a pioneer in blockchain safety and auditing with over $5B in belongings secured, based by Yale Department Chair of Computer Science Zhong Shao and Columbia University Assistant Professor Ronghui Gu.
Bitcoin.com Exchange was launched in September as an easy-to-use buying and selling platform that gives world-class safety and a strong buying and selling engine. The venue has all kinds of buying and selling pairs like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC) and denominated markets with base currencies akin to tether (USDT), bitcoin money (BCH), and bitcoin core (BTC). The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to maintain consumer accounts safe always. It was just lately announced that on the spot cryptocurrency change Changelly will use digital asset charges from the buying and selling platform which can guarantee higher costs for customers and assist improve the attain of all SLP tokens which are solely listed on Bitcoin.com Exchange.
What do you consider the advantages of the mega utility token UPT? Share your ideas within the feedback part under.
Images courtesy of Shutterstock.
Verify and monitor bitcoin money transactions on our BCH Block Explorer, the most effective of its variety anyplace on the planet. Also, sustain together with your holdings, BCH and different cash, on our market charts at Bitcoin.com Markets, one other unique and free service from Bitcoin.com.