The UpOnly platform provides comprehensive data about the Play-to-Earn (P2E) gaming market. UPO is the native cryptocurrency of the UpOnly P2E data aggregator platform.
The blockchain gaming industry is rapidly growing, with play-to-earn models gaining popularity. However, there is a lack of reliable and exhaustive data about the market, including information about the best paying games, tournaments, and new releases.
To address this issue, UpOnly serves as a data aggregator for the P2E market, providing real-time data on various aspects such as price sizes, active games, odds of winning P2E prize pools, platform usage, and price movements of native tokens. UpOnly aims to become a trusted source of data for P2E games, similar to how CoinMarketCap and CoinGecko are leading data aggregators in the crypto market.
UpOnly collects data from P2E games using a centralized database architecture and data query solutions like The Graph. By providing comprehensive data and insights, UpOnly aims to attract and inform gamers and spectators interested in betting on the outcome of P2E games.
UpOnly operates by tapping into a centralized database architecture to collect in-depth data on P2E games. The goal of UpOnly is to become a trusted data source for the P2E gaming market, similar to how CoinMarketCap and CoinGecko are leading data aggregators in the cryptocurrency market.
By aggregating real-time data from various sources, UpOnly aims to provide valuable insights about the P2E market, including information on game popularity, prize pools, tournament details, and platform usage.
The platform collects data using a combination of data query solutions like The Graph and a centralized database architecture. It aggregates data from multiple exchanges and markets, allowing users to understand the P2E gaming industry better.
The UpOnly platform provides information that can benefit gamers and spectators. Gamers can use the data to make informed decisions about which games to play, while spectators can use it to gain insights for betting purposes.
According to the UpOnly whitepaper, the total supply of UPO is fixed at 160 million tokens. The UPO token distribution is given below:
1. 18.75% of the UPO supply was allocated as Game and Earn reserve.
2. 18.75% of tokens were distributed among the UpOnly team and advisors.
3. 12.5% of the token supply was set aside as operational reserves.
4. 10.9375% of the UPO token supply was distributed during the second private round.
5. 39.06% was reserved for other activities.
The UPO token is an interesting addition to your crypto portfolio, especially if you believe in the growth potential of the P2E sector. Increasing adoption of blockchain technology in the gaming sector, the popularity of existing P2E games, and the overall growth trends in the gaming industry could support the value of UpOnly crypto.
UpOnly enjoys a unique value proposition in the P2E gaming market. It offers innovative solutions, such as comprehensive data aggregation and valuable insights for gamers and spectators. It stands apart from other service providers who offer general insights across the crypto market instead of focusing on a key segment.
Partnerships and collaborations with established companies or projects in the gaming sector can enhance the credibility and potential of UpOnly. When UpOnly announces new partnerships and integrations, investor confidence in its native token is boosted, driving the UPO price.
Although the volatile nature of the crypto market makes it impossible to make a precise UPO price prediction, the following factors could help you understand what moves the price of UpOnly crypto:
The total supply, circulating supply, and token distribution of UPO tokens can impact the UpOnly price. If the supply is limited and there is strong demand, it can create scarcity and potentially drive up the UPO to USD price.
The utility of UPO tokens within the UpOnly ecosystem can influence the $UPO price. Suppose the tokens have a wide range of uses, such as accessing premium features, participating in prediction mechanisms, or earning staking rewards. In that case, it can create demand and drive up the price of UpOnly token.
Market sentiment and investor perception of UpOnly as a project can impact the UPO token price. Positive news, partnerships, and developments can create a positive sentiment, increasing demand and potentially higher prices. Conversely, negative sentiment or unfavorable events can have the opposite effect, weakening the price of UpOnly coin.
$UPO is the native crypto asset of the UpOnly platform and has the following functions:
UPO tokens are the fuel that powers the UpOnly predictions platform. These tokens enable play-to-earn gamers and spectators to leverage platform data and predict the outcomes of P2E blockchain games.
UpOnly also lets UPO tokens stake their holdings to earn rewards. $UPO holders can lock their tokens for 30-90 days and earn high-yielding passive income.
Trade UpOnly coin against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell UPO, or hold it long-term if you believe in the future potential of the UpOnly project. Do your own research before entering any new trade in the crypto market to safeguard your investments.
To stake UPO tokens on UpOnly, please follow these general instructions:
1. Visit the official UpOnly website and create an account or log in if you already have one.
2. Ensure that you have UPO tokens in your wallet. If you don't have UPO tokens, you can acquire them from a supported exchange.
3. Navigate to the UpOnly staking section. Look for a specific page or option dedicated to staking UPO tokens.
4. Select the amount of UPO tokens you want to stake on the staking page. Review any associated terms and conditions, including staking periods and APYs (Annual Percentage Yields).
5. Choose your desired staking period. Typically, staking periods can range from 30 days to 90 days, but this may vary depending on the specific staking program offered by UpOnly.
6. Confirm the staking transaction and authorize it using your wallet. Depending on the platform, this may involve signing a transaction digitally with your private key or using a wallet interface to confirm the staking action.
7. Once the staking transaction is processed and confirmed on the blockchain, your UPO tokens will be locked in the staking contract for the chosen period.
8. Sit back and wait for the staking period to elapse. During this time, your staked tokens will contribute to the network's operations and may entitle you to earn staking rewards in the form of additional UPO tokens.