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UpSocial Token Burning
Staking
  • Governance: Voting rights.
  • Staking USN tokens to provide liquidity and earning rewards
  • Staking USN tokens to create UpGroups
Burning Mechanism
  • Creating a new UpGroup requires users to burn 1,000 USN tokens. UpGroup Owners will be able to earn commission from the spending of other UpGroup members.
  • Owners must stake 10,000 USN tokens to create UpGroups. Owners can also earn staking rewards. Our reward program algorithm will incentivize each user. These incentives can be used to create and promote content.
  • If users wish to get their profile verified, they need to burn 50,000 USN tokens. Following proper due diligence, UpSocial Network will verify the profile.
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