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UpOnly

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Discover UpOnly's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is UpOnly?

UpOnly (UPO) is a cryptocurrency that powers a decentralized prediction platform on the Polygon network, allowing spectators to bet on the outcomes of play-to-earn games. The platform provides a data directory for blockchain gamers, enabling them to make informed decisions and monetize their participation. The native UPO token is used for betting and rewards, fostering a sustainable income stream for spectators.

How is UpOnly used?

The cryptocurrency UpOnly (UPO) is used primarily within the UpOnly prediction platform, which is built on the Polygon network. This platform allows spectators to bet on the outcomes of play-to-earn games, leveraging their predictive skills to generate financial value. To participate in this betting system, spectators must hold UPO tokens, which are staked on the outcomes of various play-to-win games. If their predictions are correct, they receive additional UPO payouts.

How do I store UpOnly?

To store UpOnly (UPO) tokens securely, it is recommended to use a cryptocurrency wallet. There are two main types of wallets: software wallets (also known as hot wallets) and hardware wallets (also known as cold wallets).

Software Wallets

Software wallets are connected to the internet and are less secure. They are suitable for short-term storage and frequent transactions. Examples of software wallets include Trust Wallet, which can be downloaded as a Google Chrome extension or a mobile app.

Hardware Wallets

Hardware wallets are offline and provide the highest level of security. They are ideal for long-term storage and are recommended for holding large amounts of cryptocurrency. Ledger is a well-known and secure hardware wallet option.

Storing Seed Phrases

When using a hardware wallet, it is essential to store the seed phrase securely. This can be done using metal seed phrase storage solutions to protect the seed phrase from being lost or destroyed.

Additional Tips
  • Avoid storing your UpOnly tokens on exchanges, as they can be vulnerable to hacks and bankruptcies.
  • Always use official wallet extensions and apps to ensure security.
  • Keep your seed phrase and wallet addresses safe and secure.

By following these guidelines, you can store your UpOnly tokens securely and protect your investment.

How to buy UpOnly?

To buy UpOnly (UPO) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable centralized exchange (CEX) that supports UpOnly trading, such as KuCoin, MEXC Global, or BitMart. Ensure the exchange is available in your country and meets your needs regarding fees, security, and supported currencies.

  2. Create an Account: Register on the chosen exchange's official website or app. You may need to provide personal information and complete Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit funds into your exchange account using fiat currency through methods such as credit cards, bank transfers, or over-the-counter (OTC) trading services. You can also use financial service platforms like PayPal or Robinhood, if available in your region.

  1. Buy a Base Currency: Purchase a cryptocurrency that can be easily traded for UpOnly, such as USDT, ETH, or BNB. This step may involve using the exchange's OTC trading service or a financial service platform.

  2. Transfer Base Currency: Send the purchased base currency to the exchange that supports UpOnly trading. If the same exchange supports both the base currency and UpOnly, you can skip this step.

  3. Buy UpOnly: Use your base currency to buy UpOnly in the spot market. Place a buy order and execute the trade.

  1. Store Your UpOnly: After purchasing, store your UpOnly tokens securely in a crypto wallet. You can use the exchange's built-in wallet or transfer the tokens to an external wallet for safekeeping.

Remember to research and compare fees, security features, and supported currencies before choosing an exchange, and always follow best practices for securing your crypto assets.

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History of UpOnly

UpOnly (UPO) is a cryptocurrency project that was founded in 2021 by visionary leaders as part of the NAKA Ventures group. The project aims to provide essential services for project owners, investors, and stakeholders in the crypto world, evolving into a one-stop solution that offers a range of services including marketing, community engagement, fundraising, trading, and financial services.

The UpOnly platform is designed to accelerate the growth of crypto projects by providing ready-to-use solutions. The $UPO tokens are at the heart of the ecosystem, offering various utilities to enhance user experience. These tokens serve as a medium of exchange within the platform and provide users with access to exclusive features, rewards, and services. Holding UPO tokens unlocks a world of possibilities, from participating in special events to accessing advanced platform functionalities.

UpOnly has held several fundraising rounds, including a Token Launch, IDO, and others, raising a total of $7.56 million. The project has also conducted Initial Dex Offerings (IDO) on various platforms such as Synapse Network, Oxbull, and Moonstarter.

In terms of market performance, UpOnly's price has fluctuated over time. The token has seen significant changes in its price, with an all-time high of $1.38 in April 2022 and an all-time low of $0.004032 in November 2022. The token's current price is around $0.078978 USD, with a 24-hour trading volume of $1,264,543 USD.

UpOnly's mission is to cater to every aspect of a crypto project's lifecycle, from inception to execution. The project offers a range of features and services to support crypto projects, including rapid development and market entry, enhanced marketing and community engagement, streamlined fundraising and asset management, user engagement and financial services, and data-driven decision making and scalability.

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How UpOnly works

UpOnly (UPO) is a cryptocurrency project that focuses on providing comprehensive data and analytics for the play-to-earn (P2E) gaming industry. Here's how it works:

Data Collection and Aggregation

UpOnly taps into a centralized database architecture to collect in-depth data on P2E games. This data includes information on active games, prize pools, odds of winning, and platform usage. The platform leverages data query solutions like The Graph to retrieve real-time data from P2E games, ensuring that the information is accurate and up-to-date.

Data Directory

The UpOnly data directory aims to become the trusted source for P2E game data, similar to how CoinMarketCap and CoinGecko are leading data aggregators in the crypto market. The directory provides detailed information on various aspects of P2E games, including:

  • Game Performance: Data on the best performing P2E platforms in terms of platform usage and price movements of their native tokens.
  • Reward Analysis: Information on which games have the highest rewards and the least competition.
  • Metaverse Directory: Data on projects in various virtual worlds, including digital land purchases, available goods, liquidity, user interactions, and developers building in specific metaverses.
Speculation Platform

UpOnly's native token, UPO, is at the center of its speculation platform. Spectators can use UPO to predict the outcomes of P2E games, similar to betting sites. To participate, users must hold UPO tokens and stake them to bet on a game. If their prediction is correct, they receive more tokens; if not, they lose the staked tokens.

Tokenomics

The UPO token is designed to facilitate the speculation platform and incentivize users to participate. The token's value is tied to the growth and adoption of the UpOnly platform, making it a potential investment opportunity for those interested in the P2E gaming industry.

Team and Development

The UpOnly team is led by CEO Natthapol Assarasakorn, who has a background in marketing, trade finance, business administration, and blockchain technology. As of December 2021, the team comprised 25 members. The platform continues to evolve and expand its features to support the growing P2E gaming industry.

Overall, UpOnly aims to provide a comprehensive platform for P2E gamers and spectators, offering valuable data insights and a unique speculation mechanism that rewards users for their predictions.

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UpOnly's strengths

The token UpOnly (UPO) has several strengths that contribute to its potential in the cryptocurrency market:

  1. Decentralized Prediction Platform: UpOnly is building a decentralized infrastructure on the Polygon network, allowing spectators to monetize their participation in play-to-earn games by staking UPO tokens on game outcomes. This platform pioneers a system that converts spectatorship into a stable and sustainable source of income.

  2. Data Directory: UpOnly is developing the industry’s first play-to-earn data directory, which collects and provides valuable insights and data about play-to-earn games. This directory empowers blockchain gamers with the information they need to make informed decisions and maximize their activities in the gaming realm.

  3. Comprehensive Ecosystem: UpOnly offers a comprehensive ecosystem designed to meet the diverse needs of crypto projects. It functions not just as a tool but as a growth catalyst, enabling projects to swiftly integrate functionalities that would typically demand significant time and resources.

  1. Web3 as a Service: UpOnly provides complete crypto features and solutions in one place, supporting rapid development and market entry, enhanced marketing and community engagement, streamlined fundraising and efficient asset management, and data-driven decision making and scalability.

  2. Potential for Growth: UpOnly’s price is predicted to rise significantly in the future, with some predictions suggesting a 228.57% increase by July 18, 2024, and long-term predictions reaching highs of $280 by 2030.

These strengths position UpOnly as a transformative platform within the cryptocurrency landscape, offering a unique combination of features and functionalities that can drive growth and adoption.

UpOnly's risks

UpOnly (UPO) is a high-risk investment due to significant volatility in the cryptocurrency market. This volatility can lead to unexpected price movements, making it crucial for investors to have a high tolerance for risk and to thoroughly research the project before investing. Additionally, the success of UPO depends on market demand, user adoption, and competition from similar platforms, which can further contribute to financial risks.

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Did UpOnly raise funds?

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UpOnly's ecosystem

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UpOnly’s team

  • Cobie: Cobie, also known as Jordan Fish, is a prominent figure in the crypto space and the host of the "Up Only" podcast. He is known for his real-time tracking of scams and issues in the crypto industry and has been influential in calling out questionable practices.

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