Upland is growing at a fast pace, leading the team to envision a more sustainable and attractive economic model for the future of the game. The shift has been announced after a series of successful initiatives.
In the month of July, Upland hinted at what might come next with the release of the NFT-to-USD program, a new trading mechanism in the game where players can buy&sell NFT properties with USD.
The city builder browser game now boasts a fully-functional Paypal integration. Players can withdraw the money accumulated from selling properties in USD to their Paypal account with the click of a button.
In addition to the program, which exceeded $7,000,000 in resale value, Upland announced a new internal economy that will change the structure and affluence of the two liquidity pools.
The Revamped Upland Economy
In the new economy, the two pools will no longer have a 50% split of the minted $UPX each.
The 100 billion initial mint is no longer split according to that percentage, due to the in-game sales, and is skewed towards the Community pool. As of their introduction to the new economy, approximately 87.7% of the 100 billion UPX in circulation is in the Community Pool.
The developers are proposing a new economic model to allow Upland to grow more decentralized in the future. The idea may be voted on by Uplanders using the newly announced voting method.
In the new model, all UPX tokens are contributed to the Community Pool. This would happen only when monetary expansion is required. The Community Pool will finance the Upland Pool directly under this system, using the same mechanism that estimates user activity and in-game economics.
The formula for this funding method is as follows:
Monthly Blockchain Mints / Transactions:
Monthly Active/New Users:
At the beginning of each month, the Upland team will review the blockchain records as well as user counts from the previous month, and apply the above calculation to calculate monthly UPX funding. They would apply the above formula retroactively to the period from January 2021 to June 2022.
Upland Releases The First FSA-Only Neighborhood in Rio
Following the release of Rio, the first internationally acclaimed city, Upland experienced an increased minting rate, up to 54 mint per second. This makes it harder for new players to jump in, as all properties selling for cheaper rates are immediately bought by existing moguls which will then resell them to make a profit.
In order to balance the in-game economy and make sure new players are not at too much of a disadvantage when joining the game, Upland released a “Starter Neighborhood”, solely made up of 5,000 affordable “Fair Start Act” homes. These properties are significantly cheaper than Collection properties, averaging 2,500 $UPX per property. The team may unlock other starter neighborhoods in Rio if the need arises.
FSA properties are designed for new players. To make sure players with existing Collection properties don’t take advantage of the system, Upland is testing a new set of rules to establish if someone is qualified to purchase an FSA property.
- Players will be able to mint a total of 30 FSA properties over the lifetime of their account;
- Players can mint a maximum of three FSA properties per day;
The new rules will combine with the existing rule that FSA properties can only be minted by players with net worth under 100,000 $UPX. The two new FSA rules do not apply retroactively and therefore, any previous FSA mints do not count towards the lifetime limit.
What is Upland
Upland is a Monopoly-inspired game running on the EOS blockchain. Players buy and own digital versions of real-world properties with in-game tokens (UPX), which they can also earn in the game itself. And though UPX is only an in-game token, property owners can sell their properties for USD.
Players begin with some UPX to help them purchase their first property. After that, players earn income from owning and trading virtual properties, completing signature collections, and participating in treasure hunts and other live events. Upland uses real-world maps and has expanded to over a dozen U.S. cities. Properties are based on real-world boundaries and the game features transit portals for moving between different cities. Players can own transit stations and even famous landmarks!
Expanding on their original game of basic property ownership, Upland has introduced virtual businesses and the ability for players to work together on building and upgrading properties. Expect many more developments over the coming months! Upland runs in a browser and as a mobile app on iOS and Android, and you can learn how to play in our complete Upland Guide.
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