About Upsorber Coin
BTC pays miners its inflation to secure the network. The Upsorber Coin pays its 3% inflation per year to holders to secure the price. Capped yearly inflation of 3%. Deflationary if you upsorb longer and more as the average upsorber. 0% inflation for upsorbers. Bakers and miners sell down the price. $UP only pays holders. No negative externalities. Just a superior store of value. $UP values time. The longer you stake, the more you get. Get the most when you stake the greatest amount the longest.
It’s a superior store of value. It allows holders to upsorb (stake) value. In contrast to Tezos staking, the amount of staking rewards that are paid out is correlated to a function of time that grows super-linearly with the stake length. $UP can be bought at Quipuswap. Charts can be e.g. found on Coingecko. See the video below for more instructions on how to buy $UP.
Upsorber Coin(UP) Point Table
|Coin Name||Upsorber Coin|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What’s the doubling?
The doubling is analogous to Bitcoins havening. Every 2 years the minimum stake length doubles. At year 1-2 the minimum stake length will be 30 days, at year 2-4 60 days, etc. After 12 years the min. stake length is > the max stake length. Nobody can upsorb anymore and the $UP inflation will stop. As stated above, $UP only inflated around 3% per year. The protocol only pays rewards to upsorbers/stakers. If e.g. only 10% of the total supply is staked than the average APY is around 30%.
What is a reward function that grows super-linearly?
The longer you commit to a stake, the more $UP rewards you get. Longer pays better, even if you have less $UP to stake. A think that $UP is an important part of the Tezos DeFi ecosystem. Being a superiour store of value benefits the whole ecosystem. If you believe that Tezos and its ecosystem will grow, $UP will definitely grow with it. There was a v1 launch in April 2022. This is now v2. Unfortunately there was a bug in the v1 contract. Everyone who particpated in the v1 version got reimbursed (let us know if they missed your wallet).
Why Choose Upsorber Coin?
As stated in the quote above, the main purpose of $UP is to become an alternative store of value in the Tezos ecosystem. The game-theory (math) behind $UP incentivies using the token to store value and to delay gratification. The $UP will be locked in the contract and a reward, depending on stake amount and time will be calculated. After your upsorb time e.g. 60 days is over you can unstake/emit and claim your stake + reward.
Upsorber Coin is easy to use and it only takes a few minutes to get involved. Simply install a Tezos wallet and fund your wallet with some Tez (XTZ). They recommend Temple Wallet. The video below guides you through funding your wallet step by step. $UP can be bought on Tezos most popular DEX: Quipuswap. After purchasing $UP you can connect your wallet to this site, upsorb your $UP and see your current stakes.
Where Can You Buy Upsorber Coin (UP)?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On QuipuSwap As It Has The Highest UP/XTZ.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include UP/XTZ And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Upsorber Coin Supported Wallet
Several Browser And Mobile App Based Wallets Support Upsorber Coin. Here Is Example Of Wallet Which Upsorber Coin – Trust Wallet For Hardware Ledger Nano.
FAQ Of Upsorber Coin
You Can Find Upsorber Coin Whitepaper By Clicking Here.
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – QuipuSwap.
Circulating Supply Of Balancer Token Is N/A.