Presale and Launch Details
Last updated
Last updated
UP will start its community building phase and quickly transition to marketing the presale ownership mint of Ownership NFTs, we like to call oNFT. Each NFT will earn protocol generated revenue and future ecosystem revenue in perpetuity. (Further NFT details here)
To participate in the presale users must be lucky enough to purchase an oNFT on mint. Once the oNFT mint has closed out we will host a small presale to further benefit NFT owners with free tokens at the lowest possible price of 1 $BUSD per token. *Note presale participation is pre dApp mechanics so purchases during the presale period do not have fees and no price appreciation mechanics.
Only oNFT holders can participate.
10000 oNFT’s will be minted - any unsold oNFTs will be burnt (UP will allocate some NFTs for promotional offerings/giveaways)
Each oNFT allows for a purchase amount of the NFT mint value of 200 $BUSD multiplied by a Tier multiplier as shown in the table below:
| Tier | oNFT's Purchased | Multiplier |
|---|---|---|
0 | 1-4 | 1 |
1 | 5-9 | 1.25 |
2 | 10-19 | 1.5 |
3 | 20-29 | 2 |
4 | 30-99 | 3 |
5 | 100+ | 5 |
Examples
If User holds 1 NFT that user can buy 200 maximum $UP presale - Tier 1 (1 $UP/1 $BUSD).
If user holds 100 NFTs that user can buy maximum of 100,000 $UP during presale (100 NFTs * 5 (Multiplier) * 200) - Tier 5.
The UP 10% price increase guarantee on launch equates to 10% x Tier Multiplier ROI in token appreciation per amount of NFT investment (if full presale allocation purchased by oNFT Holder) Example Below:
Tier 3 oNFT user buys 20 oNFTs.
Purchase price is 4000 $BUSD (200 per NFT).
Tier Multiplier allows for 2x token purchase.
Full allotment of token needs to be purchased for full ROI realization.
Purchase 4000 * 2 = 8000 $UP Tokens.
On Launch token price is guaranteed to be 1.10 $BUSD.
User has 8800 $BUSD worth of UP for 800 $BUSD profit.
Unrealized $800 or 20% profit on the NFT Purchase while holding a token that will only continue to increase in price.
Understandably you might consider the full investment of 12000 $BUSD - but $UP is the same as holding $BUSD only with appreciation, so it can be left out and not considered as part of the equation since $UP is always backed and redeemable for $BUSD.
If user is only Tier 0 and exits, the $4000 worth of NFTs would only be equal to 10% unrealized profit.
Users can feel free to realize and sell but the first to do will be most affected by the 5% fee which will reduce profit.
Comparatively Tier 5 would have a 50% ROI which comes with a larger cost of 100+ NFTs as well as the cost of the full allotment of tokens in presale, but for the most reward on launch price.
100% of presale will go to backing the treasury.
Once presale is complete after 48 hours our dApp and Mint and Redeem contracts will Go Live in approximately 24 hours.
Presale participants will be able to claim tokens on launch.
UP Team will take funds from presale mint and launch the token as a thank you to the community at 10% increase from presale ensuring anyone who feels it necessary to sell their presale can do so in profit form their token purchase.
UP Team will inject enough funds into the backing treasury to increase the price to 1.10 $BUSD prior to Mint and Redeem Go Live.
Fees on launch will be 4% for Mint and 5% for Redeem.
