GAINS Associates
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GAINS Associates

UpOnly! — Telegram AMA — December 13

On Monday, December 13, we had the pleasure to welcome to our Telegram chat:

Natthapol Assarasakorn, CEO
Jessie

We asked them questions about the development of UpOnly!.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

UpOnly is positioning itself to be the premier data and analytics platform for the rapidly growing play-to-earn industry. The play-to-earn industry is in a stage of rapid growth with a vast proliferation of gaming options. However, play-to-earn gamers and spectators have no reliable source of data and analytics that allows them to derive insights and leverage their activities in the gaming world. UpOnly is addressing this critical gap in the market while also providing an infrastructure that will allow the rapidly growing audience of play-to-earn spectators to bet on the outcomes of play-to-earn games and generate monetary value from their predictive ability.

UpOnly.com data directory- Despite the rising relevance of blockchain-based gaming, the provision of data related to the industry remains rudimentary. Only a small number of players provide data relating to blockchain-based gaming and the data which is provided is severely limited. Even the major players such as DAppradar.com only present data related to users and trading volume. As the decentralized gaming industry continues to grow in size, the need for accurate and useful data becomes more pressing. The UpOnly.com data directory addresses this pressing need.

Underpinned by the Polygon network, UpOnly is launching a decentralized infrastructure that will facilitate speculation on the outcome of play-to-earn games. The audience for online gaming and blockchain-based games is growing. This infrastructure will allow speculators of play-to-earn games to turn their spectating activity into a source of viable and sustainable income. Spectators can utilize the data from the UpOnly data directory to help predict the outcomes of various play-to-earn games. The native UPO token is at the heart of the UpOnly prediction platform. To bet on the outcome of a play-to-earn game, spectators must hold UPO tokens. Spectators can bet their UPO on the outcome of various play-to-earn games and earn further UPO rewards when they predict the outcome correctly. The decentralized prediction platform will be the first of its kind in the blockchain-based gaming industry. It will be the first infrastructure that allows blockchain-based gaming spectators to monetize their activity and access broader insights and data from the UpOnly platform.

UpOnly will provide the infrastructure which will allow play-to-earn gamers and spectators to bet on the outcome of play-to-earn games. Through this infrastructure, those that spectate in the play-to-earn industry can turn this activity into a lucrative earning possibility. It provides spectators with the infrastructure necessary to leverage the data and tools on the UpOnly platform into a viable and sustainable income stream.

Introduction

Q — Ayeley from GAINS: Please introduce yourselves. Tell us about your crypto journey so far

A — Nattapol from UpOnly: I’m Top, CEO of UpOnly. Before starting UpOnly, I worked with several multinational enterprises to help them introduce blockchain solutions into their operations. Before UpOnly, I held the CTO position at Thailand-based Saachi International Co. I was responsible for leading a development team of over 20.

At Saachi, I led the implementation of an Ethereum-based supply chain solution which addressed a key bottleneck in Saachi’s operations and radically improved product traceability and delivery. I came up with the concept of UpOnly when I observed the phenomenal growth in play-to-earn gaming and identified that there was no clear source of data for the industry. Gamers were becoming overwhelmed with the number of new projects launching and they were blindly chasing the most lucrative and engaging play-to-earn opportunities. I turned to focus my full-time efforts on building an exemplary team and launching a comprehensive data directory for the play-to-earn and Metaverse industries. I also developed a team experienced in this field of researchers, blockchain developers, business analysts, UX/UI designers, and the marketing team.

About UpOnly!

Q — Ayeley from GAINS: Tell us more about the UpOnly project. the name sure sounds like an indicator of what it will do. Go up only!

A — Nattapol from UpOnly: It’s exactly that! If you use UpOnly, then you go UpOnly as you will be able to make well-informed investments based on the data we provide. UpOnly is a comprehensive data directory for play-to-earn and Metaverse projects. Play-to-earn gamers and Metaverse participants can source insightful and actionable data on their gaming activities from the UpOnly platform. Alongside the data directory, we are launching a decentralized predictions platform that allows users to bet and speculate on the outcome of play-to-earn events. We are the first in the market that are addressing the lack of data on play-to-earn and Metaverse projects.

Crypto gamers and investors are completely overwhelmed with the number of new projects being released into the market and they have no tools to navigate these lucrative arenas. UpOnly will be the one-stop-shop that will allow users to source all of the information they need on these fields.

The decentralized predictions platform will also provide a platform that will allow users to leverage the data and generate an income from speculating on play-to-earn events.

A — Jessie from UpOnly: It’s extremely hard for gamers to find Play2Earn related data. We do solve that. You’ll visit UpOnly.com and we do offer you a great overview of all relevant Play2Earn gaming-related data such as costs per game, potential prize pool per game, chances, fairness, and updates.

We decided to go for that name as you’ll go “Up Only” with the data found on UpOnly.com.

Q — Telegram user Coco T.: @JessieUpOnly Does the information or data analytics you provide to all investors are trustworthy? We all know we need to DYOR first before looking for a new project.

A — Jessie from UpOnly: All our data is taken on-chain and “translated” into a very easy-to-read and understand UI/UX. Code and on-chain data can’t lie, further, each data provider needs a staked allocation of $UPO to show their serious intentions.

Q — Twitter user @PiloT9804: “UpOnly” addresses key gaps in the play-to-earn market by providing comprehensive data on the play-to-earn market, can you tell us Examples of Which type of data UpOnly collects from Metaverse gaming projects? How does UpOnly ensure that the source of data is reliable and accurate?

A — Nattapol from UpOnly: Good question! For play-to-earn games, UpOnly users will be able to access data such as entry requirements, prize pools, winning odds, and difficulty levels. Users will be able to utilize this data to select the most lucrative gaming opportunities. For Metaverse projects, users will be able to see data relating to Metaverse-related sales. For instance, they will be able to view sales volume for certain digital land plots.

Third-party platforms will be required to stake the UPO token to stream their data. In the event that inaccurate or misleading data is provided, the UPO stake will be slashed. We will also be setting up a team of analysts and community initiatives to verify such data.

Q — Twitter user @MmgvsTodos: Many users use CoinMarketCap on a daily basis because it offers prices on many crypto assets. So, can you explain if your service will focus exclusively on gaming projects and future metaverses, or instead you will also offer services for users and gamers?

A — Nattapol from UpOnly: UpOnly will focus on play-to-earn and Metaverse games. As this ecosystem expands, UpOnly will also expand. However, we will not initially venture outside of these fields as we want to provide the highest possible quality of data within these gaming activities.

Q — Telegram user 🙋🏻‍♂️ Kevin 📊: What kind of care will the UpOnly team take when listing a new game in their directory? Can we be sure that the games we find on this platform will have a minimum level of quality? Or will their purpose be to list everything new that comes out whether it is safe or not?

A — Nattapol from UpOnly: We are planning to list the projects that are live with mainnet to ensure that there’s no paper-based project with no working product on the site to build trust and credibility when users search for project information. However, we might have a section for projects that are not live yet to provide information but users are of course advised to DYOR.

Q — Telegram user Ajjuu Bhaii: Within “UpOnly” I can bet on the outcome of play-to-earn games and blockchain-based games. Can you please give us some instances of what we can bet on? And how fair is your Betting system?

A — Jessie from UpOnly: You can bet on any live Play2Earn game, you can bet on the outcome, which means on which players win. More sophisticated bets will be added over time. All is recorded on-chain, so it’s 100% fair, nobody can cheat or take advantage. Our infrastructure can be applied to any game.

Q — Telegram user 💠 Ada Atalay 💠: What is your strongest point that will enable investors to prefer the UpOnly project? Why should I invest in UpOnly? How can you persuade me?

A — Nattapol from UpOnly: We’re the first mover in this category — to be a data directory for play-to-earn and metaverse sectors. You should invest and use it as the platform is a solution for crypto users/gamers when there’s an influx of projects launched every day. We’ll evolve the platform to support users with functionalities such as ranking, voting.

Token

Q — Ayeley from GAINS: What role will the UPO token play in the UpOnly ecosystem?

A — Nattapol from UpOnly: The UPO token plays an integral role in the UpOnly ecosystem. It has several use cases which intricately tie it to the overall UpOnly infrastructure.

A — Jessie from UpOnly: The $UPO token is the heart of UpOnly’s eco-system.

👩‍🌾 Farm: Stake $UPO on $ROSN.
👨‍💼 Governance: Hold $UPO and vote.
⛽️ Fuel: Use $UPO to bet on Play to Earn Games.
🖥 Data Management: Play to Earn Projects stake $UPO to stream their data on UpOnly and acquire users.

That’s a great and easy-to-understand summary.

Firstly, it is the required fuel for the decentralized predictions platform. UpOnly users can use the UPO token to bet on the outcome of play-to-earn events and earn rewards in UPO. Third-party play-to-earn and Metaverse projects can also use it to stream data to the platform. Furthermore, UPO holders have governance rights in the platform.

They can vote on potential development proposals. UPO holders will also be able to earn a return on their holdings by staking them on the third-party DeFi platform Roseon Finance. Later on, we’re planning to include a ‘contribute-to-earn’ model for contributors to earn $UPO from sharing quality information while users can use $UPO to vote and rank projects/contributors.

Security

Q — Telegram user Jakir Ali: Do you have audit certificates, or are you working to audit your project, to make it more secure and reliable??

A — Jessie from UpOnly: Our initial code is already audited by Armors, and along the way, we’ll perform audits with every update performed. Security is our priority.

Partnerships

Q — Telegram user Professor Xinn: What is the role of Roseon Finance in your project?

A — Jessie from UpOnly: We’ll offer staking through our partner Roseon Finance. Users will be able to stake $UPO and earn a yield.

Q — Telegram user CoinTravolta: The partnership between UpOnly and NakomotoGames caught my attention. Can you explain which aspects of your aim to develop mutual benefits through this partnership?

A — Jessie from UpOnly: Nakamoto Games is our first partner who streams on-chain mainnet data to our platform. With Nakamoto Games being the pilot project, we can guarantee a very smooth onboarding process for later third-party projects.

Plus Nakamoto Games will offer tech resources to us on a long-term basis, both CEOs work hand in hand.

Funding

Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

A — Nattapol from UpOnly: Yes, we have formed strategic partnerships with several early-stage investors. These investors didn’t just provide capital but also provided specific strengths and collaborations to UpOnly. They will help in areas such as marketing and entering new markets.

We only onboarded investors that shared the same vision as UpOnly and which could help us materialize this vision. We will be onboarding more partners in the future and some of these may be potential investors. We will always keep the community updated regarding such investors so monitor our newsletter and social media for updates.

Business Development

Q — Ayeley from GAINS: How far along are you with your roadmap and what should we expect in the next weeks and months?

A — Nattapol from UpOnly: December is a big month for us!

We are coordinating three IDOs on three separate platforms. This will make the UPO token available to a wide potential audience and bring the benefits of the platform to all IDO participants. The three IDO platforms are Moonstarter, Synapse Network, and 0xbull.

We have also been making phenomenal progress on the tech side of the platform. We have been carefully crafting the UI/UX to optimize the navigational experience and we are thrilled to report that the platform will be seamless to use for both cryptocurrency newcomers and veterans alike.

Q — Telegram user BARIS BEKTAS: Does UpOnly have a plan for educating or mentoring newcomers to crypto and the UpOnly project? Do you take community feedback into account when creating and developing UpOnly?

A — Jessie from UpOnly: Our whole purpose is to bring back structure into two very crowded fields, Metaverse and Play2Earn. By getting data from UpOnly.com, users will be able to decide which game to play, what metaverse to buy, and find themselves in a very structured environment for anything Play2Earn and Metaverse related.

Q — Telegram user👽 Mars Crypto Community 🌔: Can you tell us about the UpOnly team’s approach to the COMMUNITY? Do you agree with the idea that a strong community is one of the main factors influencing the success of projects? Will you build local communities in different countries?

A — Nattapol from UpOnly: Absolutely. We’ll approach different crypto communities and investment-led groups. We are supported by many strong partners to share about our platform. Cross-channel marketing is in our plan as well.

Jessie, Natthapol, thanks for coming into our community, and taking the time to answer our questions. Do you have any final words for us? Where can we follow you to stay — Ayeley Commodore-Mensah from GAINS

Welcome to UpOnly! — The First Play to Earn Gaming Analytics and Prediction Platform Analyse | Predict | Earn $UPO Visit our website for more information. Subscribe to our newsletter to receive the latest updates and check out our Medium Blog. Also, join us on Telegram and Twitter — Natthapol Assarasakorn from UpOnly! — Nattapol from UpOnly

Thanks to everyone who participated today in the AMA! It’s been really good being here. Whoever has strong connections to live Play2Earn games, please get in touch with us. Thanks again for everything, wishing everybody a beautiful day ahead. — Jessie from UpOnly

GAINS Associates is the World’s First Decentralized VC, allowing anyone that holds $GAINS to invest in the crypto unicorns of tomorrow. With over 3 years of experience and several ultra-high return deals, we are removing the barriers of entry to investing and changing the world, one deal at a time.

GAINS stands for Group Action Is Never Small, embodying the collaborative spirit that is the essence of blockchain and decentralization.

In addition, GAINS provides daily news, articles, video interviews as well as fun & educational events.

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GAINS Associates provides you with the latest news and research in blockchain and crypto. It’s a community for everyone to learn and grow together.

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