About to make its preliminary change itemizing, Common Protocol Token (UPT) will function a mega-utility token, providing holders enticing rates of interest when lending and borrowing, decrease change charges, cashback and reductions on buying and selling.
Additionally Learn: Common Protocol Alliance to Record Mega-Utility Token on Bitcoin.com Alternate
Mega-Utility Token to Debut Wednesday
The Common Protocol Alliance is a gaggle of like-minded cryptocurrency firms and blockchain organizations that wish to join completely different digital property in a single community. The group has recognized that many customers want revolutionary options to maneuver digital property seamlessly throughout completely different wallets, exchanges, and networks. The alliance members embody Bittrex, Courageous, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred.
Common Protocol Token is the native token of the Common Protocol Platform, and is the underlying utility token for the Common Protocol ecosystem. Customers can use it to make transactions with the extra tokens and stablecoins that Common Protocol has launched together with UPUSD, UPEUR, and UPBTC. Common Protocol Token (UPT) will debut Nov. 20, 2019 on Bitcoin.com Alternate as an preliminary change itemizing, and will probably be accessible for buying and selling by non-U.S. individuals solely.
“The Common Protocol Token is the answer for companies, shoppers and governments giant and small require options to digitally maneuver property wherever and anytime,” stated JP Thieriot, co-founder of the UP Alliance and Uphold. “UPT will unlock large worth within the ecosystem and set the stage for much more revolutionary options within the market.”
Alliance Members to Present Particular Presents
Every Alliance member will present a important element to the ecosystem, and supply completely different providers and reductions, together with:
Cred: Holders of UPT will earn curiosity on UPT and all UP tokens by Cred Earn. Holders of UPT or any UP token may even have the ability to collateralize UPT or any UP token to obtain fiat loans. Cred is a worldwide lending and borrowing platform serving prospects in 183 nations with over $300 million of lending capital.
Uphold: Holders of UPT will obtain further digital foreign money again with the launch of the Uphold debit card (as much as an extra 1%) and can obtain reductions on all trades carried out on Uphold. Based in 2014, Uphold has over 2 million customers world wide and has traded over $5.four billion on its digital cash platform and reserve ledger.
Blockchain at Berkeley: Holders of UPT and any UP token can buy items, providers and tickets for blockchain occasions at lowered costs. Blockchain at Berkeley is a tutorial group on the College of California, Berkeley, that gives instructional sources, consultancy, and R&D to a few of the largest blockchain tasks on this planet.
Omisego: Holders of UPT will have the ability to pay charges utilizing Omisego’s cost settlement know-how. Omisego is a number one layer 2 scalability resolution for Ethereum supporting any kind of tokenized asset together with UPT.
Certik: Holders of UPT and any UP token will profit from lowered code auditing charges when cost is made with UP tokens. Certik is a pioneer in blockchain safety and auditing with over $5B in property secured, based by Yale Division Chair of Laptop Science Zhong Shao and Columbia College Assistant Professor Ronghui Gu.
Bitcoin.com Alternate was launched in September as an easy-to-use buying and selling platform that gives world-class safety and a strong buying and selling engine. The venue has all kinds of buying and selling pairs like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC) and denominated markets with base currencies similar to tether (USDT), bitcoin money (BCH), and bitcoin core (BTC). The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to maintain consumer accounts safe always. It was just lately introduced that on the spot cryptocurrency change Changelly will use digital asset charges from the buying and selling platform which is able to guarantee higher costs for customers and assist improve the attain of all SLP tokens which can be solely listed on Bitcoin.com Alternate.
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