The Upside Coin is in pre-release, its various legal and economic terms will be laid out in due course and prior to the completion of the closing process.
What are Upside Coins?
At Upside, we are taking the democratisation of investing, and the development of our users, to the next level by introducing Upside Coins.
Every Upside user is unique, and Upside is recognising this with the creation of Upside Coins - essentially on-chain NFTs - allowing users to earn Upside Coins that can be spent in-app on future features.
Upside Coins are regulated by the Upside Treasury so the market will never be flooded, stabilising their value.
What are Upside Coins worth now, and what about the future?
Upside Coins are directly linked to the valuation of Upside, and currently, 100 Upside Coins are worth £24.
What they are worth in the future is like asking the 1990s to predict that the internet would be driven solely on funny cat and dog videos. Essentially, the future is unknown, but we’re thinking 💎🙌
We think this because Upside Coins allow users to participate in the value of the entire ecosystem as the value of the Upside Coins rise with the value of their Ideas and the ecosystem as a whole.
Why would I want Upside Coins?
Upside Coins = money to buy in-app features and even take money off any subscriptions you may have.
Unlock your full investment potential with Upside Coins, whilst saving your wallet.
What will Upside Coins be used for in the future?
Upside in the process of building a Marketplace for investment ideas and portfolios, a space where people can buy and sell great investment predictions.
As users graduate through the Upside ecosystem and create more and more investment Ideas that perform well, they will be awarded a green tick, and eventually a gold tick next to their name. This allows for other users to see that they have Ideas that perform making it easier for them to make a decision as to whether they could be selling a profitable Idea.
These users will be able to sell their great Ideas on the Upside Marketplace earning money or Upside Coins. Upside Coins can be spent in-app on a variety of upcoming features, such as premium data packs.
Our in-house treasury will regulate the issuance of Upside Coins based upon the supply of users and ideas in the Marketplace, with Upside Coins being burned each year using the profit of the company.
This allows users to participate in the value of the entire ecosystem as the value of the Upside Coins rise with the value of their Ideas and the ecosystem as a whole.
What’s the January 2022 Coin giveaway?
The first 50 new Upside users from Wednesday 26th January will be given 100 Upside Coins at no cost.
To qualify:
- you must be a new user, you cannot already hold an account on the app or mobile web app.
- you must create an account on the app or mobile web link, allowing for marketing emails (otherwise how will we confirm it is actually you?! You can unsubscribe later, we promise).
- and, you must email us using the email address found in the app (help@upsidetechnology.co).
Upside Coins are being granted (freely) to early users and will be fully, finally and legally transferred to the users upon the closing of the issuance (”closing process”), which will include the required legal work, and the necessary KYC and AML and attestation conditions being met by the user.
We will contact all qualifying users in due course.
Further giveaways may take place in the coming months.
I am already an Upside user - can I get coins as part of the January 2022 giveaway?
We’re planning a secondary rollout of Upside Coins in the coming months, and all current Upside users who wish to get coins can apply. Details of this will be available in-app and on our website in due course.
As we’ve highlighted above, Upside Coins are being granted (freely) to early users and will be fully, finally and legally transferred to the users upon the closing of the issuance (”closing process”), which will include the required legal work, and the necessary KYC and AML and attestation conditions being met by the user.
We will contact all qualifying users in due course.
Terms and Conditions
Upside Coins are not an inducement to buy, hold or sell, and the granting is solely at Upside’s discretion and infers no other rights, benefits or obligations by, from, or to either party.
This initial granting process will be completed upon the work(s) detailed above and is not deemed completed until that time, nor is there an obligation to do so.
Should there be, or appear to be, any misuse, duplication, or ineligibility in any way, Upside may at its sole discretion cancel the granting prior to the end of the closing process.
Users who are granted Upside Coins, directly and through the referral program will be contacted prior to closing and requested to provide the required details. Should they be unable, or unwilling to do so, the Upside Coins will be revoked.
Further details of the Upside Coin will be made available via the website and app.