UPFI is now wanting to be the initially stablecoin protocol on Solana that enables:
– High scalability
– Decentralized
– High stability
– Algorithm of fractions
UPFI will be a financing solution that powers upcoming generation payment networks on blockchain. The UPFI now aims to exchange digital assets with a fixed provide by bridging the gap concerning digital currencies and genuine-globe applications with shut to zero transaction expenses.
Price stabilization mechanism
There are several mechanisms that enable help the rate stability of UPFI tokens. The basic component of rate stability comes from the skill to convert UPFI tokens into tokens really worth $ one. Another mechanism to help rate anchoring is that the undertaking enables anybody to get benefit of the arbitrage options produced by the functions. mint and repurchase.
If the rate of the UPFI token is significantly less than one USD, anybody can get it on the open marketplace and exchange it for all-around one USD.
If the rate of the UPFI token is over one USD, anybody can leverage the protocol to mint the token with a worth of all-around one USD and promote it on the open marketplace.
tokenomics
Total provide:
- Public sale: one%
- Private Sale: 13%
- Sale of seeds: two%
- Marketing and partnership: ten%
- Treasury: four%
- Team: ten%
- Ecosystem and liquidity: 60%
Dressing system: to be defined later on
IDO rate: observe later on
List rate: to be defined later on
Listing Date: To be announced later on
By applying the “Smart Staking” strategy in accordance to Oxbull .Tech’s IDO SOLANA model, the public sale will be classified into three groups as proven beneath:
Level three Gleam Link: Next Ad
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