[ANN] [XUP] | UPcoin | Dramatically Decreasing Supply | Launched!

[TheTerminator]

Greetings fellow investors, today we present an interesting an unique idea, we present UPcoin, the initial concept is unique as the coin initial strategy is designed to only run for a short 6weeks. This short timeframe concept idea is designed that all IPO funds will be spent to purchase cloud mining equipment via HashNest (antminer s4/s5) to produce profits daily, which will be used to buy [XUP] straight off the order books, and then be burned. The coins will be burned daily from day 1 all the way till day 42, in addition to this burn, every week one antminer s4/s5 will be sold off, and the funds will be used to buy straight off the the sell order books. This idea is branched off the idea of a drastically decreasing supply over a very short period of time. After the 6 weeks, the coin will not be abandoned, we will collaborate with our team and the developers and pick a brand new/fresh approach to the success of the coin, and the rest of its lifespan.

based on rough calculations, the supply should reduce by 15% weekly. The way this has been devised is to obviously be greatly beneficial to early investors.


All burnt coins will be documented and posted in the thread and visible to all.






Name: UPCoin
Ticker : XUP
Algo : X13
PoW&PoS : Pure PoS
PoS Reward : 5 %
PoS Min. Coin Age : 1 Hour
PoS Max. Coin Age : Unlimited
Block Time : 30 Seconds
Block Mature : 15 Blocks
Transaction : 10 Blocks
P2P Port : 44111
RPC Port : 44222





IPO Completed.

ICO Raised (7.45 BTC)
https://blockchain.info/address/1E6CaNb647cDWZ2jLNZfvZJj4Q294pk7oJ






            


   
      
    

[Razerglass]

The unique idea is its a 6week coin?

The power of innovation is unstoppable

[TheTerminator]

The unique idea is its a 6week coin?

No, rapidly decreasing supply, up to 20% per week.


lower supply = higher price



of course we will continue to maintain the coin after the 6 weeks, but the initial supply cut will last 6 weeks.

[djm34]

The unique idea is its a 6week coin?

The power of innovation is unstoppable

6 week and he can move on that's very innovative

[bathrobehero]

The unique idea is its a 6week coin?

No, rapidly decreasing supply, up to 20% per week.


lower supply = higher price

Why would anyone buy it if it has no use? It's just an admitted ponzi-coin.

[placebo]

I'm in.

I will buy 0.1 XUP coin.

[TheTerminator]

The unique idea is its a 6week coin?

The power of innovation is unstoppable

6 week and he can move on that's very innovative

as stated before we will still be maintaining the coin after the 6 weeks.

go take a peek at all the other new coins, devs leave after 4 days everytime. at least your guaranteed 6 weeks.

I'm in.

I will buy 0.1 XUP coin.

thanks for your support.

The unique idea is its a 6week coin?

No, rapidly decreasing supply, up to 20% per week.


lower supply = higher price

Why would anyone buy it if it has no use? It's just an admitted ponzi-coin.

If you do not wish to invest, you are not obligated to.

[EmperorBaburr]

i like the idea something new massive reduction in coin supply ponzi or not as long as it make me money im in

[andrepierre]

Interesting concept will keep an eye on it but now all in Steps.

[TillKoeln]

DJM is here :-)

[Razerglass]

The unique idea is its a 6week coin?

No, rapidly decreasing supply, up to 20% per week.


lower supply = higher price

Why would anyone buy it if it has no use? It's just an admitted ponzi-coin.

There are altcoin collectors that might want to collect this coin. (bagholders)

[EmperorBaburr]

Noob dev with noob escrow shamelessly copying deltacredits?

No thanks.

and i hope it does follow DCR in the price department to that was one of the best icos i have ever bought into   also does this mean every coin shamelessly copys BTC LOL

[Zebedee23]

What happens to the coins left after 6 weeks? into the altcoin trashcan?

[TheTerminator]

What happens to the coins left after 6 weeks? into the altcoin trashcan?

no, as stated previously we will continue to maintain the coin, and have some fresh ideas for the remaining holders and duration of the coin.


but by that stage there should be very little of the supply non burnt.

[EmperorBaburr]

What happens to the coins left after 6 weeks? into the altcoin trashcan?

no, as stated previously we will continue to maintain the coin, and have some fresh ideas for the remaining holders and duration of the coin.


but by that stage there should be very little of the supply non burnt.

so if there are coins remaining after the 6 weeks will burning continue ?

[djm34]

DJM is here :-)

just passing by 

[shojayxt]

The unique idea is its a 6week coin?

No, rapidly decreasing supply, up to 20% per week.


lower supply = higher price



of course we will continue to maintain the coin after the 6 weeks, but the initial supply cut will last 6 weeks.

It's already been proven with numerous coins that lower supply does not necessarily equal higher price.  A lower supply of something that's worth nothing is still just a lower supply of nothing.

[TheTerminator]

The unique idea is its a 6week coin?

No, rapidly decreasing supply, up to 20% per week.


lower supply = higher price



of course we will continue to maintain the coin after the 6 weeks, but the initial supply cut will last 6 weeks.

It's already been proven with numerous coins that lower supply does not necessarily equal higher price.  A lower supply of something that's worth nothing is still just a lower supply of nothing.

let me rephrase, decreasing supply = rising price

[djm34]

The unique idea is its a 6week coin?

The power of innovation is unstoppable

6 week and he can move on that's very innovative

as stated before we will still be maintaining the coin after the 6 weeks.

go take a peek at all the other new coins, devs leave after 4 days everytime. at least your guaranteed 6 weeks.

if your point of reference are those coins, not sure you will even make it to the 6th weeks...

[TheTerminator]

The unique idea is its a 6week coin?

The power of innovation is unstoppable

6 week and he can move on that's very innovative

as stated before we will still be maintaining the coin after the 6 weeks.

go take a peek at all the other new coins, devs leave after 4 days everytime. at least your guaranteed 6 weeks.

if your point of reference are those coins, not sure you will even make it to the 6th weeks...

ah im positive ill make it way beyond 6 weeks, we have big ideas and plans for the future of UPcoin.

shun the non beleiver