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UpBots is an all-in-one platform for the modern trader, aiming to make trading cryptocurrencies accessible for both beginners and experienced users. In an effort to support the operation of the UpBots platform, the startup has recently launched its staking program. The program has been specifically designed to reward its most loyal native token (UBXT) holders and give passive users financial incentives to make the jump. As seen in a subsequent section of this write-up, the token staking program comes along with numerous lucrative benefits, apart from the standard token-based rewards.
Before diving deeper, it is important to keep in mind that the staking program is only available on the FTX exchange. This platform facilitates not only staking, but also the purchase of UBXT tokens.
How does the lucrative UpBots staking program work?
You can stake your UBXT tokens on FTX for as long as you want until the end of the staking program. You can also unstake at any time and for whatever reason, but users need to wait for the unlock period to finalize before token access can be regained. This is normally the case with most staking programs. Here are some more details that must be kept in mind by users who are considering the UpBots program:
Participants can use the FTX exchange to buy UBXT tokens to participate in the staking program. UpBots recommends that users should have at least 10,000–1 million UBXT to start off properly. A lower threshold would provide very little rewards and a higher limit may lower the number of users who are able to participate in the program.
What is UpBots?
UpBots is a Swiss-based startup that plans to become an all-in-one trading ecosystem for both beginner and professional traders. As a market leader in its niche, UpBots must provide customers with a catalog of powerful features that can be seamlessly leveraged to facilitate better trading outcomes.
As such, the non-custodial platform employs risk-management tools to keep capital safe and secure. It also has a well-defined training section that allows its users to become better traders. UpBots will give its users the freedom to develop their own algorithms and create their own bots. Successful bots can be rented out to other traders, thereby creating an additional means of generating income via the platform. Professional traders can sell signals via the marketplace, whereas beginners can get started with copy trading to help ensure on-going yields as they learn more about the cryptocurrency trading market.
The platform recently launched their MVP on October 17, which can be tried out for free here.
The post FTX unveils lucrative $UBXT Staking Program appeared first on CoinScribble.
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