UPGRADE (XUP)

About UPGRADE

“UPGRADE” is an ecosystem of tools that allows NFT Collectors to increase the value of their NFT and then showcase their creativity.

A collection of tools to help NFT Collectors and NFTArtists take the NFT industry to the next level. The core concept is Collect, Upgrade and Earn. Combining it with the works of others results in a new NFT piece that is even more valuable.

At the same time, NFT Artists can open their Creative Stores to sell NFT to others to endlessly enhance each other’s creativity.

Features

UPGRADE Ecosystem

To collect

Users can collect NFTs for purpose or UPGRADE and rarity tracking.

Update

Tools that help enrich NFT by combining it with other people’s work result in a new NFT Artist piece that is even more valuable.

To earn money

NFT Collectors can list NFT to earn money by renting NFT to others for UPGRADEk their NFT. NFT Collectors can get a fair royalty when they sell their new NFT UPGRADE.

Creative Store

Marketplace where NFT Artists can list their NFTs for rental or sale to other NFT Collectors

Technical data

The UPGRADE Platform will consist of several working parts such as:

Blockchain

Initially, the platform will run on Ethereum. It is the most reliable and popular Blockchainand has many valuable transactions and NFT parts.

Then, in the future BSC, Solana, Tezos etc. Support another network suitable for

Smart Contract Layer

Layer-1 NFT

ERC-721 : Non-Tradable Token Standard

As you all know, NFT works in the standard ERC-721 format.

ERC-1155 : Multi-Token Standard

As you all know, NFTs sometimes work together with the ERC-721 standard as the ERC-1155 standard.

Original Creator Platform Fee (like OpenSea Agreement)

This concept is an exciting point where the UPGRADE system designs NFT parts. After the UPGRADE, owners and artists still retain a share rate, and the platform with the NFT publishing tool (for example, OpenSea) still gets it. The share stays the same when new parts are sold.

Layer-2 NFT

ERC-20 : XUP Token

The Native Token of the UPGRADE Ecosystem is the main component of fair compensation for Tier-2 NFTs.

UPGRADE NFT Chart

A group from the parent DAO (Distributed Autonomous Organization) applied a fair share of Royalty contributions to those involved. Both the owner of the work, the artist and the owner of the work (Prop Owner) can add to the new work. And of course, it is designed to save the most gas for the lowest possible convenience and cost in the UPGRADE process.

XUP Token Royalty Program

A group of primary DAOs (Distributed Autonomous Organizations) enroll and distribute a fair share of the Royalty Fee to the persons concerned.

Application layer

UPGRADE Canvas

UPGRADE tools for NFT Collectors that owners can customize according to their creativity. Collectors can UPGRADE by using two NFT parts to merge or merge with another NFT (borrow). Then choose to keep the original work or let the system destroy the original.

Earn UPGRADE (Borrow List)

A tool that allows NFT authors to register their work for rent. When the NFT borrows a new NFT for UPGRADE and sells that new piece, the lessor gets a share of the fee each time a piece is sold. Also, borrowed NFT will not destroy the creation of new artifacts. This tool will be essential for NFT collectors to continue earning passive income.

UPGRADE Creative Store

Artists can bring their NFT work to other NFT collectors and provide a space for individual collectors to showcase their work. In addition to showing their creativity in their UPGRADEs, even anyone can keep track of which UPGRADE pieces can sell. Opening opportunities to create new creative careers forever.

User Credentials Link

As for managing the connection with the user’s wallet system, it will initially support the connection with MetaMark as it is the most popular wallet.

UPGRADE Staking Program

Tools to help maintain the stability and liquidity of XUP Token and generate long-term income for XUP Token holders.

User Royalty Wallet

It is a crucial tool to help everyone in the UPGRADE community get their respective stakeholders a fair share of Royalty fees.

Open API Layer

Open API

To enable sustainable deployment of Layer-2 NFTs and support the true open market, Open API is an essential tool for platforms and developers worldwide. They can connect their systems to the UPGRADE Platform and bring endless creativity.

Management Platform

Anyone can express their opinion and create a proposal to vote the UPGRADE system in any direction they want. And once each Proposal reaches a certain threshold, the Proposal will be selected to be developed in the next step. This approach will ensure that the entire UPGRADE community is constantly developing and open to new creative ideas. It will contribute to the long-term sustainability of the UPGRADE society.

Token distribution:

• Pre-Sale – 10%
• Public Sale – 30%
• Management: Stake & Reward – 15%
• Management : Liquidity – 10%
• Marketing and Airdrop – 10%
• Company and Employee – 25%

Fund allocation:

• Enhancement – 35%
• Marketing – 23%
• Research : Market and Engineer – 13%
• Operational Structure – 12%
• Reserve Fund – 10%
• Legal & Consulting – 7%

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