Tokenomics
Last updated
Last updated
UpDeFi is a fair launch project with no pre-sale, no investor, and no pre-mine. Only participants who contribute to the UpDeFi protocol will receive UP tokens based on their contributions.
Name: UP Token
Ticker: UP
Contract Address: 0xbAc79E308BadA146DE29f56E066a021cfFA00375
Chain: BNB Smart Chain (BEP-20)
Total Supply: 1 Billion
The UpDeFi protocol will be governed by the UpDeFi DAO. Users need to hold and lock UP Tokens to participate in the UpDeFi DAO.
UpDeFi allocates 90% of the protocol revenue to UP token holders. UP token holders only need to stake UP tokens on the UpDeFi platform to participate in the UP-staking strategies and obtain protocol revenues.
UpDeFi is a fair launch project with no pre-sale, no investor, and no pre-mine. Only participants who contribute to the UpDeFi protocol will receive UP tokens based on their contributions.
Fair Launch Distribution (Liquidity Mining, Airdrops, etc.)
78%
DAO treasury (Security audits, Marketing, Partnerships, Market Making, etc.)
15%
Team (Research and development, team expansion, etc.)
5%
IDO
2%
Team tokens vesting schedule: Vesting starts after 3 months from IDO. 1/24 of the total share will be unlocked every month for 24 consecutive months.
78% of the total supply of UP tokens will be distributed through our fair launch. The distribution period will last the duration of 2 years. In order to entice users to engage in the UpDeFi protocol as early as possible, the distribution of UP tokens will gradually decrease within the 2 year period, in other words, the earlier a user participates in the UpDeFi protocol, the more rewards they can get.
Below is the distribution schedule for the UP Fair Launch Tokens:
March-22
11.4%
April-22
10.3%
May-22
8.3%
June-22
7.2%
July-22
4.1%
August-22
4.1%
September-22
3.1%
October-22
3.1%
November-22
3.1%
December-22
2.6%
January-23
2.6%
February-23
2.6%
March-23
2.1%
April-23
2.1%
May-23
2.1%
June-23
1.5%
July-23
1.5%
August-23
1.5%
September-23
1.0%
October-23
1.0%
November-23
1.0%
December-23
0.5%
January-24
0.5%
February-24
0.5%
*May be adjusted according to the development of the project.