Because the third Token Sale performed on the favored derivatives trade FTX, the UpBots IEO on September 14th was an awesome success. For the sale of 30 Million UBXT at a value of $0,01 per piece, FTX used a hybrid between a lottery and an public sale.
Inside simply two minutes all obtainable token allocation slots have acquired a bid. After the tip of the one hour bidding interval, 5 occasions as many most bids have been entered as slots have been obtainable, with the profitable bidders chosen randomly. Since then, UBXT has been listed on the FTX-associated DEXes Serum and SushiSwap, with the FTX and Uniswap itemizing shortly afterwards. Let’s check out the steps UpBots has taken since then.
As a way to achieve social media consciousness, UpBots has began the UpBassadors competitors for promotional materials akin to articles, infographics, or Telegram stickers. The competitors concluded on September 21, awarding UBXT rewards to the winners. UpBassadors in an ongoing program nevertheless, which nonetheless takes applications.
On September twenty fourth, UpBots has launched first particulars concerning the HOLD program, which is able to reward stakers with various benefits, akin to reductions on subscription and efficiency charges, entry to VIP instruments, and participation in a revenue sharing pool. As a way to obtain these advantages, customers should stake UBXT for a 3 month interval. The reward is available in 4 tiers starting from a staking sum of $250 as much as $15,000.
As a way to gasoline the long-term worth accumulation of UBXT, the UpBots Burn Program acquired an replace on October thirtieth. As a part of this program, UpBots needs to burn 25 % of the web efficiency charges collected via bots and social copy buying and selling. On high of that, a proportion of the annual web revenue might be burned till Q1 2024 with the tip aim of decreasing the overall provide of UBXT by half.
The Method ahead
On October thirteenth, UpBots has introduced that their MVP might be able to launch inside the subsequent seven days. Registration for early entry is already open. UpBots is a buying and selling platform that connects to a number of centralized and decentralized exchanges, providing cross-exchange charting and danger administration instruments, in addition to varied strategies for algorithmic and automatic buying and selling via a single dashboard.
On the UpBots market, novice merchants can profit from the experience of seasoned merchants via social copy buying and selling, sign suppliers or algorithmic buying and selling bots. For these companies, customers incur a efficiency payment, payable in UBXT, which is break up with the suppliers of those automated buying and selling alternatives, giving skilled merchants an incentive to share their data. Moreover, merchants can use UBXT to e-book on-line programs on the UpBots studying part to enhance their very own expertise.
Subsequent to connecting with a number of the highest rating centralized exchanges by way of liquidity, akin to Binance, Bittrex, CoinbasePro, Kraken, and OKEx. As a way to increase their operation into the DeFi sector, UpBots has partnered up with the aggregator DEX.AG, connecting their centralized exchanges to 11 DEXes as properly.
Later, Upots has additionally partnered with HXRO, enabling decentralized derivatives buying and selling via pari-mutuel markets, in addition to Reserve Protocol, connecting the UpBots ecosystem to a decentralized stablecoin answer. The tip aim of their DeFi ventures is to include liquidity provision into their buying and selling dashboard, whereas additionally increasing into ForEx and commodities buying and selling. All in all, UpBots goals to change into a one-stop answer for all issues associated to each crypto and conventional asset buying and selling, for each amateurs and skilled merchants.