Understanding $UPO Token Dynamics
Breaking down how $UPO is tied to the overall success of the UpOnly infrastructure
The UpOnly infrastructure embeds phenomenal economics into its native $UPO token. $UPO is at the core of the UpOnly data directory and predictions platform and the success of the UpOnly platform is closely tied to the value and scarcity of the $UPO token.
With $UPO now actively trading on major exchanges including KuCoin, it is important that holders deeply understand the utility of the token and what the future might hold for those that accumulate holdings. Moreover, the initial product release is scheduled for this month, bringing immediate utility to all $UPO token holders after the infrastructure becomes available.
UpOnly aims to become the premier data directory for play-to-earn and Metaverse projects, similar to the role that CoinMarketCap and CoinGecko play for the broader crypto market. Countless new projects flood to list on CoinMarketCap and CoinGecko to get their product in front of millions of potential new users. Data from SimilarWeb estimates that these directories get over 250 million visits on a monthly basis. Listings on these directories is prime real estate for disruptive cryptocurrency projects.
UpOnly will become the primary listing venue for play-to-earn and Metaverse based projects. The difference with UpOnly is that the $UPO token will be closely tied to how projects list on the directory. Projects can join for free but to access additional capabilities, they will be required to stake $UPO tokens which will be burned, reducing the overall supply and increasing scarcity.
Every new project that is listed on UpOnly will increase the scarcity of the $UPO token supply. The UpOnly team has carefully tied the success of the infrastructure to the value of the $UPO token.
UpOnly is committed to becoming the one-stop shop for all play-to-earn and Metaverse data needs. Play-to-earn, Metaverse, and move-to-earn projects have been undergoing exponential growth over recent months.
The $UPO token is designed to mirror the exponential growth of these highly disruptive and growing industries. As more projects scramble to list on the UpOnly platform, increasing numbers of $UPO will be staked and burned, improving the value of the remaining supply.
UpOnly is fostering healthy demand-supply dynamics for all $UPO holders. Those that hold the token will likely experience a performance that is closely tied to the success of the platform.
UpOnly is building the premier data directory for all play-to-earn, Metaverse, and move-to-earn projects. Alternative data directories only cover such data in a rudimentary manner, resulting in a pressing need for such a solution. $UPO is a critical piece of this future and all holders will align their performance with the overall success of the UpOnly platform.