We are thrilled to announce that the new Universal Protocol Token (UPT), the crypto industry’s first Mega Utility Token, is now available to earn interest on Cred through Uphold.
The Universal Protocol Token (UPT) is the native utility token of the Universal Protocol Alliance (UP Alliance) and was launched on Nov. 20, 2019 on Bitcoin.com Exchange as an initial exchange listing. The Universal Protocol Token will be available for trading by non-U.S. persons only.
Cred is a founding member of UP Alliance, which consists of some of the best-known blockchain companies that together empower an ecosystem of more than 100 million users. UP Alliance members include Blockchain at Berkeley, CertiK, OmiseGO and Uphold.
At Cred, we’re delighted to support the successful launch of the Universal Protocol Token, which will now allow users to move digital assets seamlessly across different wallets, exchanges, and networks, said Dan Schatt, founder of Cred and co-founder of the UP Alliance. We’re thrilled to offer competitive interest rates on the Universal Protocol Token and showcase many other innovative use-cases for this token through our partners in the UP Alliance.”
UPT Special Offers from Alliance Members
Cred is proud to allow holders of UPT and UP stablecoins the ability to earn interest through our platform with Uphold. Holders of UPT or any UP token will also be able to collateralize UPT or any UP token to receive fiat loans.
In addition, UPT holders will benefit from significantly enhanced rates and services from the rest of the UP Alliance members. These benefits include:
- Uphold – Holders of UPT will receive additional digital currency back with the launch of the Uphold debit card in January 2020 (up to an additional 1%) and will receive discounts on all trades performed on Uphold from that date. Founded in 2014, Uphold has over 1.5 million users around the world and has traded over $5.4 billion on its digital money platform and reserve ledger.
- OmiseGo – Holders of UPT will be able to pay fees using OmiseGO’s payment settlement technology. The leading layer 2 scalability solution for Ethereum supporting any type of tokenized asset including UPT.
- Blockchain at Berkeley – Holders of UPT and any UP Token can purchase goods, services and tickets for blockchain events at reduced prices. Blockchain at Berkeley is an academic organization at the University of California, Berkeley, that provides educational resources, consultancy, and R&D to some of the biggest blockchain projects in the world.
- CertiK – Holders of UPT and any UP Token will benefit from reduced code auditing fees when payment is made with UP tokens. CertiK is a pioneer in blockchain security and auditing with over $5B in assets secured, founded by Yale Department Chair of Computer Science Zhong Shao and Columbia University Assistant Professor Ronghui Gu.
*Not available to residents of the US or any countries that prohibit the sale of digital assets or cryptocurrencies or persons who are subject to applicable sanctions or are located, organized or resident in a country or territory that is the subject of applicable sanctions.