UpRock’s art of crafting comprehensive tokenomics
Token
We prioritize holistic management, focusing on ongoing analysis, adaptation and community involvement for long-term success with clear transparency.
| TOKEN NAME | TICKER | TYPE |
|---|---|---|
| UpRock | $UPT | Solana Token |
Token Allocation
While we allocate 50% of the supply to the community. Tokens are dynamically distributed to team members based on in-app revenue and product milestones, ensuring rewards reflect their contributions. Similar to NFT royalties, a portion of every transaction is allocated to the team, incentivizing ongoing platform enhancement. Transparent spending practices guarantee accountability, with all team wallet transactions meticulously recorded and explained for community trust.
Release schedule
Our approach
UpRock’s tokenomics focuses on a dynamic, performance-based distribution system, inspired by NFT royalties and real-time revenue sharing.
Token Distribution
At UpRock, our approach to token distribution goes beyond merely dividing the pie. We prioritize transparency and fairness, ensuring that tokens are allocated thoughtfully to various stakeholders, including investors, team members, advisors, and contributors to our ecosystem. We believe in rewarding early supporters while also incentivizing ongoing participation. Moreover, our distribution strategy includes robust vesting schedules to prevent token dumping and promote long-term commitment to the project.
Sustainability Measures
Sustainability lies at the core of our tokenomics philosophy. We recognize that without sustainable practices, token value can rapidly deteriorate over time. Therefore, we have integrated deflationary measures into our platform to counteract inflationary pressures and maintain token value. Furthermore, we are committed to fostering a community-driven ecosystem where all contributors, including our customers from Web2, have a stake in the platform’s success. Through our decentralized model, these customers will pay for our data contributors, ensuring fair compensation and incentivizing continued participation. By prioritizing sustainability, we aim to create lasting value for our token holders and ensure the long-term viability of our project.
Economic Model
Our economic model is built on the principles of sustainability and value generation. We understand that a strong token economy requires more than just initial allocations; it necessitates mechanisms for circulating tokens within our platform and stimulating demand. To achieve this, we have implemented innovative strategies to incentivize token usage and foster a vibrant ecosystem. Additionally, we continuously monitor and adapt our economic model to ensure its resilience and adaptability to market dynamics