🪙UP Token

The Up token is the native token of the Metamorphosis protocol, providing rewards to UFD users, stable income from using the stablecoin in daily life, and serving as the primary means of payment within the network.

• Token minting and distribution by the protocol begin when the first stablecoin UFD appears after blockchain snapshots by the Treasury block.

• Token minting is carried out by the Treasury block using a secret algorithm at different time intervals, considering the history of holding and using UFD to prevent manipulation of UFD circulation.

• The monthly inflation of the UP token is generated as follows: UP Amount = UFD Amount * 1%. Token inflation is regulated based on network activity, market factors, and will be automatically adjusted by the Treasury block based on data from the real and virtual worlds. Initially, the maximum APR of the protocol will be limited to 12%, but UP token inflation will not exceed 1% in quantitative terms per month. This ensures stable inflation when the token's price falls and proportional reduction during high-price periods.

• Token distribution is carried out by the protocol through snapshotting the addresses holding UFD with a history. Distribution occurs to the same address where UFD is stored.

• UP tokens used within the network remain in the block forever and form the network's economic model.

• Initially, at the token's creation, the protocol generates 100 million tokens for project development, including investments, 100 million tokens to provide liquidity in the real and virtual worlds, and 100 million tokens for the team. All issued tokens will be at the disposal of the team and will be unlocked according to a schedule, which will be published at the time of the token's public release. Their sale or transfer will be solely for the direct and indirect ecosystem development of the network, including advertising and project investments. The total token supply is unlimited.

• After the token minting begins, the first part of the Metamorphosis economy will be launched, which will start filling the network's economy for profit distribution by the protocol and provide the opportunity to participate in the protocol's test version, purchase NFT real estate in the network's early stages, and participate in loyalty programs.