Highly Scalable, Trustless, And Pure On-Chain Ecosystem UPFI Network
UPFI token is a partially collateralized token, soft pegged to the U.S. Dollar. The protocol aims to maintain UPFI token’s price stability. This collateral is used for redemptions, helping to maintain price stability. The collateral consists of two tokens. USDC and UPFI share token (UPS). The USDC token is deposited into the protocol when a user mints UPFI token, while the UPS token, serving as collateral is burned when a user mints UPFI token and minted by the protocol when a user redeems UPFI token.
UPFI is the stablecoin partially backed by collateral and partially stabilized algorithmically. Only a portion of the capital necessary to mint is denominated in other stable assets. The remainder is denominated in a volatile asset required as collateral. This generates both a natural demand and a value capture for the volatile asset.
WHY UPFI Network?
Decentralized & Governance-minimized—Community-governed, with a focus on a highly autonomous, algorithmic approach that requires no active administration.
Fully on-chain oracles—Chainlink oracles are used by UPFI
Dual Tokens – UPFI Is The Stablecoin—The currency is softly linked to the US dollar. The governance token, UPFI Shares (UPS), earns fees, seigniorage revenue, and excess collateral value.
Stablecoins Were Divided Into—With no collateral, centralized fiat is collateralized and algorithmic. UPFI is the first decentralized stablecoin that use a “fractionalized” hybrid approach of algorithm and collateral.
TOKENOMICS
TOTAL TOKEN SUPPLY: 1,000,000,000
PUBLIC SALE: 3%OF TOTAL SUPPLY (30,000,000)
PUBLIC SALE PRICE: Coming soon(25% ON TGE, 6 MONTHS LINEAR DISTRIBUTION)
PUBLIC SALE STARTS: Aug 2021(9:00AM GMT)
PUBLIC SALE ENDS: Sep 2021(9:00AM GMT)
ACCEPTED CURRENCY: SOL, USDT, USDC
The ultimate objective of the UPFI is to replace fixed-supply digital assets with a highly scalable, decentralized, algorithmic money.
ABOUT UPFI NETWORK
UPFI Network utilize a stablecoin that is partially collateralized and algorithmically stabilized. Only a portion of the capital necessary to mint is denominated in other stable assets. The remainder is denominated in a volatile asset required as collateral. This generates both a natural demand and a value capture for the volatile asset.
