Today, let’s learn about UpBots (UBXT), one of the coins that will IEO on FTX in the near future!
In this article we will learn about 3 main parts:
- What is UpBots, the idea and product of the project?
- The relevant information about the main Token of the project that we invest in?
- Finally, we will combine the above factors and review in an overview whether UBXT Token is worth the investment or not?
What is UpBots (UBXT)?
With what it is doing, UpBots orients itself as an All-In-One Trading Platform, a Platform that provides users with almost all solutions to problems related to Crypto Trading, unique features of UpBots include:
- Ability to trade simultaneously on both DEX and CEX.
- Support Staking, Lending, Borrowing from supported Defi Protocols.
- The toolkit allows Users to create and run automated trading strategies.
- Copy Trading, Marketplace for signal providers.
UpBots goal is to be the favorite Trading Platform for both beginner and professional traders for portfolio management, advanced trading features and easy access to 3rd party exchanges.
What are the highlights of UpBots (UBXT)?
The Cryptocurrency market has grown very rapidly since 2017. Unlike stocks, the cycles of the Crypto market are very fast, only about 3 – 8 months for a cycle. If you do not spend a lot of time researching, researching and learning, it is quite difficult to keep abreast of market developments.
Grasping this, UpBots not only stops at building a Trading Platform with many features and then leaves it for Users to tinker with.
UpBots Platform should be feature-rich, easy to use (both Beginner and professional Traders), stable and smooth:
- Learning and Trading Solution: Not only does it provide many features, but UpBots also focuses on allowing users to learn and understand how those tools work, their pros and cons, from which users can consider for themselves. combine for optimum.
- Powerful Easy-to-Use Automation: Upbots’ goal is to make the Crypto trading experience on third-party exchanges as smooth as possible whether it’s simple trading or complex Trading Bots.
Key features on UpBots Platform include:
What is UBXT Token?
UBXT is the Native Token in the UpBots ecosystem and is used for the following purposes:
- Accessing Platform: You need UBXT Token to use the majority of features on UpBots, for example: Use UBXT to register for Training Courses, register for Signals, Referrals rewards,…
- HODL membership: A program that allows Users to Hold UBXT Token on their wallet for a certain period of time to receive certain incentives from UpBots such as: Accessing some free functions on UpBots, raising Level Referral higher, free access to some training courses.
- Burning: A part of net profit will be used to buy back UBXT Token and Burn. The schedule is as follows: Q1/2021 – 15%, Q2/2021 – 10%, Q3/2021 – 5%, Q4/2021 – 2%.
Some basic information about UBXT Token
- Token Name: UBXT Token.
- Ticker: UBXT.
- Blockchain: Ethereum.
- Contract: 0x8564653879a18c560e7c0ea0e084c516c62f5653.
- Token type: Utility.
- Token Standard: ERC-20, SPL.
- Total Supply: 500,000,000 UBXT.
- Circulating Supply: Not yet circulated in the market.
Token Allocation UBXT
- Reserve: 25%.
- Token Sale: 45%.
- Dev Fund: 14%.
- Team: 10%.
- Advisors: 5%.
- Bounty: 1%.
Token sale UBXT
Below is information about Token Sale of UBXT.
- 110M UBXT for Institutional Sale $0.01/UBXT.
- 85M UBXT for Private Sale, priced at 0.01$/UBXT.
- 30M UBXT for IEO FTX, priced at 0.01$ + 8FTT/UBXT (equivalent to 0.0132$).
Token Release Schedule
- Reserve: Tokens allocated to Reserve are locked until Upbots Platform reaches 15,000 registered active users.
- Token Sale:
- Institutional Sale: No details available.
- Private Sale: Pay 1/12 TDE, unlock 1/12 every month, unlock all in 1 year.
- IEO FTX: Unlocked.
- Dev Fund: No lock, used to further develop the UpBotsK platform & service.
- Team: Locks for 2 years, with 25% unlocked every 6 months.
- Advisors: Lock for 1 year from the date of Listing, with 50% unlocked every 6 months.
- Bounty: No lock.
UpBots (UBXT) Rate Today
How to earn UBXT token?
At the moment you can buy UBXT on Serum and on Sushiswap. It is expected that UBXT will list many upcoming CEX exchanges.
UBXT token storage wallet
UBXT is an ERC-20, SPL token, so you can store it on wallets that support this standard of Ethereum and Solana like:
- Wallet Techtipsnreview Wallet: This is a multi-chain wallet product of Techtipsnreview Finance team. Allows storing most tokens of today’s popular blockchains such as Bitcoin, Ethereum (ERC-20, ..).
- Myetherwallet Wallet (ERC20): Mycrypto, Metamask.
- Sollet.io (SPL – Solana).
UBXT Token trading platform
Currently UBXT has been traded on Serum, Sushiswap, FTX. In the near future, UBXT will list other CEX exchanges.
Future of UBXT Token
The combination with FTX makes UPBots the most prominent name in its Trading Platform segment, as long as UpBots has a good enough product, marketing to attract and retain users, UpBots will be one of the following big platforms. this.
The UBXT token is the Native Token of the UpBots ecosystem. As you can see, most of the unique features on UpBots need UBXT to access. If these features are useful and profitable for Users, then of course there will be a need to buy and use UBXT, then the price will increase.
Should invest in UBXT Token
To help you answer the above question, I will note some important information about the project. From there, you can make your own investment decisions.
Ideas and products
The idea of an All-In-One Trading Platform is not new, on the market today, there are still many platforms related to the “Trading” segment, but most of them are not really outstanding. Most platforms do not invest much in Marketing to attract new users.
In contrast, UpBots is doing better in Marketing, they attract a lot of attention from the community. As long as UpBots products are good enough and keep users in the UpBots ecosystem, there will be a need to buy UBXT to use UpBots products.
At the moment, UpBots has no official product or MVP.
Team
Information about Team UpBots is uploaded directly to the project homepage, in general the information is quite clear.
Investors
A few prominent UpBots partners are Alameda Research and FTX, one of the top featured ecosystems in Crypto Space.
Tokenonics
Looking at the Token Model of UBXT, we see that “Accessing Platform” creates a need to buy and because Users need UBXT to use services and products in UpBots.
“Hold Membership”, “Burning” generate the need to buy and Hold UBXT to receive more Incentive from Users.
Overall, the problem UpBots is facing: Get users to experience UpBots and have a good enough product to keep the majority of users. With the help of strong partners such as FTX, Alameda Research, I believe that the first part of UpBots will be completed easily, while the second part will have to wait at least for them to release MVP to have a basis for evaluation.
Roadmap
Almost all important features of the Platform will be released in Q4 and Q1 2021, please consider this.
summary
Hopefully my last article has helped you have a better overview of the UpBots project as well as the UBXT coin.
As for you, what do you think about the coin after this article. Please share your opinion in the comment section or in the group telegram.
I’m Vinh and I’ll see you guys in the next posts!
Source: What is UpBots (UBXT)? UBXT Cryptocurrency Training Court
– TechtipsnReview
