LBank AMA Recap with $UPCX

On OCT 30 , we held an AMA with the $UPCX team, hosted on LBank official telegram channel. If you guys had missed this session, here’s another chance to get a full transcript of the AMA event.

INTRODUCTION :

Guest : For sure! So long story short,I spent about decade oversea, went high school and uni in Canada I studied business management which gave me a solid foundation in entrepreneurship and corporate finance.

My work in consulting taught me the importance of understanding market needs and building user focused strategies, skills that I’m bringing to UPCX as we work to build an open, engaging, and innovative ecosystem for our users.

UPCX was created with the vision of democratizing access to secure and efficient financial services on a global scale. We believe that everyone should have the tools to participate in a transparent, decentralized financial ecosystem, and UPCX is our answer to that call.

Our journey so far has been remarkable. With the launch of our mainnet, we’ve introduced a high speed, scalable, and sustainable blockchain network that’s purpose built for real world financial applications.

We’ve also worked hard to design a robust tokenomics model, integrated with innovative staking and rewards features, to make the UPCX experience truly engaging and rewarding for everyone involved.

Thank you again for joining us, and let’s make this an interactive and enlightening session.

finished

Question 1 : Can you share any upcoming features or incentives that might be integrated into $UPCX tokenomics model to encourage greater participation and engagement on the platform?

Guest Answer : We’re excited to share several upcoming features and incentives in the tokenomics model, designed to drive greater engagement and participation. First, we are enhancing our Staking Rewards Program, adding new rewards to create even more value for our users.

In addition, we’re rolling out Tiered Engagement Rewards to incentivize users based on their activity level, encouraging consistent involvement on the platform. With the UPCX wallet launching on the Mainnet, Referral Rewards will also become a core part of our tokenomics, fueling community-driven growth. These updates reflect our commitment to building a vibrant and rewarding ecosystem for our community.

Question 2.How do you keep prices stable with a market that is fluctuating like this?

Guest Answer: Our tokenomics are designed to maintain stability while supporting long-term growth. Through our Staking Program, we incentivize long-term holding, which contributes to price stability. Additionally, a controlled release schedule manages token distribution to avoid market oversupply. The integration of UPCX features within the wallet further enhances utility, driving demand and promoting token use on the platform.

We also prioritize strong user engagement and brand awareness through targeted marketing and incentives that emphasize UPCX’s unique value. This transparent approach keeps our community informed, aligns them with our growth objectives, and builds trust in UPCX’s vision.

Question 3 : All project coins have their main Utilities & real-life use cases! So, Can you tell us what are the main role of your coin in your ecosystem? Explain it’s Utilities & Real-Life use cases? and Why should I invest in your coin for the long term?

Guest Answer: UPC provides multiple utilities within the UPCX ecosystem. Transaction fees contribute to block rewards, Fee Pools, and Referral Programs, ensuring network sustainability and incentivizing ecosystem growth. Fees can be paid in Market Pegged Assets (MPAs), enhancing flexibility for users.

Staking is also a critical element, as UPC holders who delegate their tokens can earn rewards, while also contributing to network security. Additionally, UPC holders have a say in governance, influencing Witness selection and other network decisions, strengthening community involvement. UPC can also be used as collateral to issue MPAs, adding further utility and creating more opportunities within the ecosystem. Altogether, UPCX fosters a dynamic blockchain environment that rewards participation and supports sustainable development.

Question4: Community support is one of the most important aspects of a project’s success, so how do you plan to attract more users and expand your community globally??

Guest Answer : To attract and engage a global audience, UPCX is implementing strategic initiatives designed to ensure long-term sustainability, scalability, and security. Through interactive campaigns and events, we provide engaging and rewarding experiences that make the platform attractive to new users. Our focus on education and awareness through targeted content helps users understand UPCX’s unique advantages, while strategic partnerships with regional organizations expand our reach into diverse communities.

Our tokenomics model supports sustainability by promoting stability through incentives for holding and staking, building a dedicated user base. As a scalable blockchain, UPCX efficiently manages high transaction volumes, ensuring reliable performance as the platform grows. Security remains a top priority, with strict protocols and regular audits in place to protect assets and maintain trust. To foster community-driven growth, Referral Programs encourage users to invite friends and family, while decentralized governance allows UPC holders to actively participate in decision-making, enhancing community engagement and responsiveness. Unique features like MPAs and Referral Rewards further distinguish UPCX, creating a compelling ecosystem that supports continuous improvement and aligns with user needs globally.

Question 5 : My questions about $UPC №1-increasing token price. 2-making token valuable. 3-building community trust. From these 3 aspects mentioned, which one is the most important aspect for you? If all of the above are important, which one would you do first?

Guest Answer : Each aspect is essential to our success. To build a strong, resilient platform, we address all three simultaneously, ensuring that UPCX adapts to our community’s evolving needs while maintaining a balanced approach to growth and value.

Community Questions :

Question: Assuming I am the user or I am an investor, what aspect of the project would you think would make me want to invest? What would appeal to me from the project?

Telegram Username: @Graiggrubb2000

Guest Answer :

Thank you for your question.

UPCX offers a carefully structured tokenomics model that prioritizes stability and user incentives, such as staking rewards, tiered engagement rewards, and referral programs. These not only drive engagement but also encourage holding, supporting long-term value stability key factors for investors.

We offer features like MPAs, Escrow, Multi Signature Approvals, Mobile Payments, Recurring Payments, Scheduled Payments on our smart contract.

Question 2 : Please tell us the Main Role of tokens in the Ecosystem? How can the Community earn passive income with tokens? How many Incentives does token offer to the community?

Telegram Username : @Anderson_Kitchen_1999

Guest Answer : The primary token within the UPCX ecosystem, “UPC”, drives the platform’s functionality and utility.

It serves as the native currency for network fees, rewards, and staking activities, and also plays a critical role in governance

We provide community members with several ways to earn passive income, fostering a sustainable and rewarding such as Staking, Tiered Engagement Rewards, Referral Rewards.

We have built a comprehensive incentives model to maximize community engagement and value!

Question 3 : Can you list the features that your project have and other similar projects don’t and Can you convince me to invest in your project as compared to others which are similar to yours?

Telegram Username: @Dorthey_lemons_92

Guest Answer : Ok so, we achieved over 140,000 TPS on our testnet back in August during WebX2024.

I don’t think there are similar projects that hit over 100,000 TPS on their testnet.

So compare to other projects we are special

Question 4 :“Many blockchain projects are just on paper and have no real meaning.” What practical product is your project using? What plans do you have for a better product in the future?

Telegram Username : @goldie_wooden_1991

Guest Answer: UPCX has already moved well beyond the conceptual stage with several practical products and initiatives that bring real-world utility to its users.

I will list what’s currently available and what we’re planning for the future.

Practical Products in Use

1. UPCX Mainnet:

With the mainnet launch, UPCX has established a high-speed, scalable blockchain platform optimized for payments and financial services. It handles many transactions per second, making it viable for real-world applications that require high throughput.

2. UPCX Wallet: The UPCX wallet provides an easy-to-use interface for users to store, send, and receive tokens. It supports named accounts, QR code payments, and NFC tap payments, enhancing user convenience and practicality for daily transactions.

Available in AppStore, Google PlayStore and Chrome Extension!

For the future plans for product improvement, we have these plans in line.

1. Enhanced Staking and Engagement Programs:

UPCX plans to expand its staking and engagement rewards to make the platform even more rewarding for active users. This includes tiered engagement rewards based on user activity, adding incentives for community participation.

2. Cross-Chain Interoperability:

To broaden UPCX’s reach, we’re developing cross-chain bridge technology to enable seamless asset transfers between different blockchains. This interoperability will open up UPCX to a wider network of users and use cases.

3. Advanced Security Features:

UPCX is implementing post-quantum cryptography to future-proof its security against potential threats from quantum computing. This will be accompanied by continuous security audits and an upcoming hardware wallet for added protection.

4. Expanded DeFi and Financial Services:

In the future, UPCX aims to integrate more DeFi products, such as lending, borrowing, and liquidity pools, providing additional ways for users to engage and earn within the ecosystem.

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