tokenomics

UPC is a token of the main Up Chain platform, which is used to pay for services, manage assets and receive rewards for participating in the project.

  • General proposal: When creating a blockchain, 100,000,000,000 UPC will be created.

  • Proposal: Starting from 1,000,000,000, liquidity in the market will be gradually added up to 50% of the balance of the total UPC supply.

  • Motivation: Startups and Investors (any participant in the crypto market) of the Up Chain platform
    make investments, buy shares of startups and receive profit in the Up Chain coin.

  • Incineration: Up to 50% of UPC will be gradually incinerated.

  • Commission: Up Chain tries to minimize gas commissions.

  • ICO/IDO/Airdrop/Testnet: In all cases except the testnet, our HWT token is used on the BSC network. After the blockchain is released to the mainnet, HWT will be exchanged 1 to 1 for UPC. The total number of UPCs allocated for ICO/IDO/Airdrop/Testnet is up to 1,000,000,000 UPCs.

  • Remaining in Company: In all cases except the testnet, our HWT token is used on the BSC network. After the blockchain is released to the mainnet, HWT will be exchanged 1 to 1 for UPC. The total number of UPCs allocated for ICO/IDO/Airdrop/Testnet is up to 1,000,000,000 UPCs.

  • UPC Buyback: Up Chain plans to buy back UPC coins from the market and thereby control the amount of UPC in the market.