Topic: [WTS] 2850 Upstake Tokens including Account ($118.000+ value) (Read 326 times)

I came across this token while watching one of the local youtube creators on our country. The video they made is sponsored by UPStake Token, after checking and reviewing the site I find some red flags about it.
Site: https://upstake.com/
Ann thread: https://bitcointalksearch.org/topic/ico-5x-upstake-innovative-token-1-token-burn-ico-50-almost-soldout-4433672
Bounty: https://bitcointalksearch.org/topic/bountyupstake250000-ups-tokens-4441123

I Immediately check their site and find these features of the Token:
What is UPstake?
"UpStake tokens (UPS) are designed to increase in value over time."; from that I am already in doubt about the coin because they fail to acknowledge the law of supply and demand.
Key features:
Limited Circulation
Value increases hourly
Proof of Burn
Anti exchange manipulation

Hoping to get more info, I search on Coinmarketcap and WorldCoinIndex to know it's trading volume but the coin is not listed.
https://www.worldcoinindex.com/coin/upstake
https://coinmarketcap.com/search/?q=UPStake

Checking User interface menu: I'll just talk about Exchange and Edge sections because that is the main concern of this thread.
Exchange - Site exchange; which is the only exchange you can trade the UPStake token.
*Here's interesting, as a result of disregarding supply and demand, you can see that there is currently 0 buy and 21 sell order. If this continue you'll find your UPStake funds stuck on the platform without a chance of converting it to Bitcoin thus making you losing money.
NOTE that the trading resets every hour so you either need to waste your time every hour just to put your Sell order at the top or accept the fact that your money is gone.


*Calendar view of UPStake value


Edge - UpStake Edge is another feature of UPStake which is a crypto investment that allows you to make passive profits through micro networking.

https://youtu.be/kgnbwt2FOyg?t=10 - After watching the video; I know that's Ponzi.
The one at the top will benefit the most and latecomers will be the one at high risk.
*UPStake Edge membership

It is like one of those 10%,20%,30% growth whenever you make referrals on your downline. 'Active Silver Edges' is the number of team you have below you.




Some of our local youtube creators with a huge number of audiences is being sponsored by this token. There is a chance that someone may fall into it because creators are influential enough with their fanbase.
Youtube creators sponsored video by UPstake.
Ja Mill 3.8m Subscribers - https://youtu.be/GbT9xO_tF0w?t=308
Tukomi 1.6m Subsctibers - https://youtu.be/9w81vgeXh_g?t=855
Viy Cortez 593k Subscribers - https://youtu.be/eQi_xzHmsJ4?t=667 (Part 1) | https://youtu.be/b7xuy-t78sw?t=139 (Part 2)

UPStake thread:

*I can share the account I used on UPStake if you want to see it's interface inside or is it okay to make the account public?

Auctioning? for a start up of $5000 for the account? No fool would definitely buy such account without even assuring them that they can able to make money.Lets
say its $100k+ valued but it is just good into their platform.No matter how do you say with their future plans it isn't guaranteed that it would happen.

We will start a auction starting from $5000 for the whole account!

The coin is quite lively and there are a lot of new developments.Telegram chat is also alive @UpstakeToken.I myself keep there 1000 coins and am not going to sell now.

..i think upstake token is a dead coin..upon visiting the site,,there is no live chat which you can ask some questions regarding your inquiries,,and the telegram was last update in the month of february..only one address token holder..I don't really think that this ups is legit..so be careful everyone before making transaction on any upstake personnel..

first time heard about this cryptoproject, but where I can see real price? Not added to Coinmarketcap and Coingecko and other...

I see the price of UPS only on upstake.com (43.5$ for 1 UPS), but other platforms show price in ico between 0.5$ and 0.05$

And it seems centralized: only 1 address