Introducing UPB Token

BiUP
BiUP
Sep 6, 2018 · 3 min read

BiUP is aiming for more than just a trading platform. We are intend to create a token ecosystem of our own and we have designed UPB token for it.

The essence of UPB is that the token is convertible to BiUP shares in the future. So BiUP community members will have the chance to benefit from its growth.

UPB token will be the fuel of the whole BiUP ecosystem. The price of one UPB eventually will be set based on it’s underlying applications and the market mechanism, but before listing it in the market we have currently set 1UPB = 0.01USDT. What makes UPB token different from other tokens is that UPB token and BiUP share can be interchanged at 1:1 basis. We have designed UPB this way to encourage more community members to be BiUP’s shareholders to build our ecosystem together.

There are mainly four ways to mine UPB at the moment:

(a) Sign up & KYC bonus

Once you sign up for BiUP you will get 100 UPB in your BiUP account. (updated 2018 Sep 13th)

Sign up & KYC bonus campaign is already ended.

(updated 2018 Nov1st)

(b) Invitation Incentive

Invite friends to join BiUP, once they finish KYC, you can get 200UPB as incentive. Also if the user you invited have have started deposit mining, you will get an extra 20% bonus UPB depending on your invitee's mining output.

(updated 2018 Nov1st)

(c) Deposit mining

Based on the total daily asset value of your tokens deposited in BiUP, we offer 30% annual interest on them. (calculated in USDT value, daily:0.082%)

(d) Transaction mining

1. For any transaction fees you have actually spent in BiUP (our transaction fee is 0.05%, but note that if your trading volume is less than 1 BTC, all transaction fees will charged back to your account the next day so this part will not be count for mining UPB.) we will charge equivalent value UPB into your BiUP account.

(As of 2018 September, 6th)


Total Supply of UPB

The total supply of UPB is 10,000,000,000 and only 20% i.e. 2,000,000,000 will be released for mining and remaining UPB will be locked for different purposes.

For UPB that will be released for mining, we have preset the release schedule of UPB as following:

1st year:594.95million 29.75% (of 2 billion)

2nd year:475,96million 23.80% (of 2 billion)

3rd year:380,77million 19.04% (of 2 billion)

4th year:304,61million 15.23% (of 2 billion)

5th year:243,71million 12.18% (of 2 billion)

(Release rate will decrease 20% every year for 5 years until the 2 billion UPB are all released)

BiUP will also offer an official repurchase service for anyone who want to sell their UPB tokens. We plan to start this in November 2018.


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Download
【IOS】https://goo.gl/8XG8Mi
【Googleplay】 https://goo.gl/RX7dyi

You can reach us in : support.global@biup.com

Official pagewww.biup.com

Global telegram communityhttps://t.me/biupglobal

Official Twitter:@BiUP_Official

Medium:https://medium.com/@biupofficial

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BiUP

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BiUP

BiUP is a global integrated crypto exchange. Users can easily trade at the optimal price and maximize profit at any spot deals.

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