I’m keeping a close on eye on @tapeupio that’s launching their token $UP tomor… · @iruletrenches · TwKit

@iruletrenches

I’m keeping a close on eye on @tapeupio that’s launching their token $UP tomorrow. I’ve staked a good portion of my $BEM on @tapeupio and i’ve been publicly bullish on it and its team since the protocol launch. @tapeupio id one of the biggest protocols on @TapeOutWorld and what’s interesting with their token launch is that they’re experimenting with a completely new trading mechanism called PoB (Proof of Build) designed to encourage long-term ecosystem participation rather than short term speculation and align community incentives. $UP is going to be paired with $BEM, and instead of spending your entire buying budget with $BEM immediately, PoB spreads most of your purchases over 25 days. the idea is to create sustained buying demand and incentivise long term community participation. unlike PoW or PoS, PoB isn't a blockchain consensus mechanism. It's a token launch and trading model. here’s how it works: 1. supply: 21 million $UP tokens, with 100% initially allocated to trading liquidity. no team allocation is mentioned. 2. gradual buying (PoB): When you buy $UP, only part of your $BEM is spent immediately: first 24 hours: 10% immediately, 90% over 25 days. after 24 hours: 30% immediately, 70% over 25 days. 3. sustained buying pressure: the remaining $BEM is locked into future $UP purchases. It cannot be withdrawn, creating a pipeline of potential buying demand over time. 4. builder code: users can enter another user's code to accelerate purchases for both participants using their respective locked $BEM. This also earns them a share of $UP rewards. 5. fees and rewards: - 1% trading fee in $BEM, distributed among staking participants, $UP buybacks, and the team. - 1.5% tax in $UP, redistributed to users participating in builder code acceleration. 6. crosschain expansion: once $UP reaches a 10 m market cap, it automatically enables conversion to BEP20 $UP on BNB chzin without increasing supply. It’s a completely new trading mechanism intended to discourage purely short-term speculation. It’d be interesting to see how it’ll work. special thanks to @BruceBlue and @tapeuptony for their help dd’ing this. i think it’s the definitely worth to keep an eye on this launch 👀

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