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Crypto venture UpStake is redefining the industry with a Proof-of-Burn stable coin

Crypto venture UpStake is redefining the industry with a Proof-of-Burn stable coin

UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global cryptocurrency community by storm. Unlike hundreds of crypto-ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London-based crypto startup, UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. This promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and bitcoin communities across the globe.

This proposed bitcoin ecosystem is built around UpStake tokens [UPS], the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange. This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to increase every hour, but also keeps it well protected from market volatility.

Highly volatile and unregulated markets have so far obstructed the path of mass cryptocurrency adoption. In order to eliminate this concern and enable mass adoption, UpStake relies on token features such as limited circulation, hourly increase of value, proof of burn, and anti-exchange manipulation.

Having developed a product that is immune to market-related uncertainties, UpStake is confident in bringing about a paradigm shift in the crypto world’s operations. Individuals and businesses using UpStake can now gain access to an asset with a store of value that can be safely used in day-to-day transactions. This will undoubtedly play a critical role in bringing cryptocurrency to conventional shopping, employee payroll, gaming, online gambling, network marketing, and much more.

Knowing the future token price doesn’t create value,” said UpStake global influencer manager Seth Fontaine. “It creates a platform of transparency, and a foundation to build great products and services with an even better user experience than traditional fiat/banking.”

The UpStake platform also includes useful features such as its own exchange designed to combat market manipulation, a micro-networking investing product known as Edge, an affiliate program, and upcoming projects such as a dedicated UpStake marketplace and peer-to-peer transfer capabilities.

To find out more, please visit the official website!

About UpStake:

UpStake is an exciting cryptocurrency project focused on delivering a stable digital currency that will pave the way for mass crypto adoption around the world. UpStake accomplishes this feat with a Proof-of-Burn model that periodically burns a certain percentage of tokens sold through their exchange.

Contact Information:

Seth Fontaine
Global Influencer Manager
Telegram: @sethfontaine
WhatsApp: +1 (909) 240-2158
[email protected]

The post Crypto venture UpStake is redefining the industry with a Proof-of-Burn stable coin appeared first on AMBCrypto.

Published at Sat, 19 Jan 2019 21:03:43 +0000

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Bitcoin Market Share Drops Almost 20%; Altcoins Stronger Than Ever

In an increasingly growing market, bitcoin market share dominance is fading every day of 2017. As market fears of a hard fork continue to fester, a manic Monday saw bitcoin drop under $1,000, as altcoins grow stronger than ever before.


Why don’t we start with some good news first? The overall decentralized digital currency market has never been bigger and stronger, judged by market capitalization value

Since the start of 2017 alone, the overall industry has risen from $18.2 Billion USD in value to a peak of $26.2 billion USD on March 16th, according to CoinMarketCap. As of this morning, it is $23.5 billion, still an improvement of almost 30% since the first of the year.

THE ALTCOINS ARE COMING!

Clearly, the market fears of a hard fork are causing many to diversify their digital currency portfolio over the last month or so. Ethereum’s Ether is the largest altcoin on the market, and its value has taken another jump this morning. With Bitcoin down almost 7% on Friday morning, Ethereum is picking up the slack, up almost 15%.

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Ethereum’s gain may be two-fold, with some Bitcoiners moving in and also with the announcement of their newest partnership with Brave yesterday. As we reported yesterday, Ethereum will create BAT (Basic Attention Tokens) for the Brave internet browser network to enhance the privacy and relevance of their ad network, so this new investment may be as much a pro-Ethereum move as an anti-bitcoin dump.

Dash & Ripple Bagholders Rejoice

Dash continues to show that it is the safe haven hedge to any bitcoin market fall. Every time bitcoin falls, Dash gains, and the altcoin passed $105 again this morning with a market cap eclipsing $750 Million. Ripple, the #4 altcoin in market cap, is also having a field day, as the week comes to an end. Ripple is gaining in the neighborhood of 20% on the market just within the last 24 hours.

Ripple XRP Bitcoinist

In closing, bitcoin has lost almost 20% of its global market share since January 1st, 2017, falling from 87.4% to just 68% this morning.

The half-glass-full was of looking at it is people are no longer taking their money out of the digital currency market if bitcoin stumbles. They are getting other digital currencies, which overall is a great thing.  the ecosystem is growing every day. And clearly, the mainstream is also investing more and more into the entire industry.

I’ll skip the pessimistic side of the equation. It’s Friday, people! Have a great weekend!

Will bitcoin honey badger regain lost ground? Share your predictions below! 


Image courtesy of CoinMarketCap, Shutterstock

The post Bitcoin Market Share Drops Almost 20%; Altcoins Stronger Than Ever appeared first on Bitcoinist.com.

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