Uponly Documentation
  • Welcome
  • Getting Started
    • How it works
    • Options Trading
    • Perpetuals Trading (coming soon)
  • Leverage (coming soon)
  • Uponly $5,000,000 Giveaway
  • About
    • Fee Structure
    • Referral Program
    • Founders Pool
    • Security & Audits
  • Vision & Roadmap
  • Tutorial
    • Step by Step Guide
  • FAQ
    • Frequently Asked Questions
  • Extras
    • Official Links
    • Legal
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  • ❓ What is UPONLY?
  • ❓ How does the price of UP increase?
  • ❓ Can the price of UP ever go down?
  • ❓ What’s the difference between Options and Perpetuals?
  • ❓ Can I sell before my option expires?
  • ❓ What happens at the end of an option's lock-up?
  • ❓ What are the transaction fees?
  • ❓ Is there a token allocation for the team or VCs?
  • ❓ Is UPONLY decentralized?
  • ❓ What chain is UPONLY on?
  • ❓ Can I refer others to earn rewards?
  • ❓ Can UP become more expensive than Bitcoin?
  • ❓ Can the system be dumped or manipulated?
  • ❓ Are external exchanges or oracles involved?
  • ❓ Is the base liquidity safe?
  • ❓ How does the Founders Pool work?
  • ❓ Has the code been audited?
  1. FAQ

Frequently Asked Questions

❓ What is UPONLY?

UPONLY is a decentralized financial protocol built on Solana that introduces UP, a token that is mathematically designed to only go up in price. Powered by the Auto-Ascending Liquidity Mechanism (ALM™), it flips traditional tokenomics on its head — creating a self-sustaining system where price increases with every transaction.


❓ How does the price of UP increase?

UP’s price is calculated as:

UP Price = USDCin Liquidity Pool / UP in Circulation

Because of the way buys and sells are handled:

  • Buys add more USDT than UP tokens are minted

  • Sells burn more UP than USDC is removed

This results in price appreciation on both buys and sells.


❓ Can the price of UP ever go down?

No. Thanks to the ALM™ design, a price drop is mathematically impossible. All system dynamics (fees, minting, burning) are structured to always push the price higher.


❓ What’s the difference between Options and Perpetuals?

  • Options require choosing a lock-up duration (3 days to 6 months). Tokens are held in smart contracts and automatically sold at the end of the selected term.

  • Perpetuals let you hold tokens directly in your wallet with no time limit, for a one-time 10,000 USDC access fee.


❓ Can I sell before my option expires?

Yes. You can sell early anytime during your lock-up period. The tokens will be burned and you’ll receive USDC in return — but you cannot withdraw the UP tokens themselves before maturity.


❓ What happens at the end of an option's lock-up?

Once your chosen duration ends, the smart contract automatically sells your UP tokens and makes the USDC available for withdrawal. This ensures guaranteed volume and contributes to price growth.


❓ What are the transaction fees?

Fees vary by lock-up duration — longer durations have higher fees, which reflects the higher upside potential. A portion of the fees go to the platform, referral rewards, and founder pool; the rest stays in the Liquidity Pool, pushing price upward.

See Fee Structure → for a full breakdown.


❓ Is there a token allocation for the team or VCs?

No. UPONLY launched with:

  • ✅ No pre-mint

  • ✅ No team wallets

  • ✅ No VC involvement

It's a fully community-driven protocol with no central control.


❓ Is UPONLY decentralized?

Yes. Once deployed, all contracts are immutable and autonomous. There are no owners, no admins, no governance, and no way to stop or alter the protocol.


❓ What chain is UPONLY on?

UPONLY is deployed on Solana, chosen for its high speed, low gas fees, and strong DeFi ecosystem.


❓ Can I refer others to earn rewards?

Yes. Each transaction includes a Referral Share (see the Fee Structure). If someone buys or sells using your referral, you earn a portion of the fee. More info in the Referral Program section.


❓ Can UP become more expensive than Bitcoin?

👉 Yes — absolutely.

Why?

  • Sells burn tokens → supply keeps shrinking

  • Buys add USDT → liquidity keeps rising

  • Fewer tokens = higher price per token

Example:

  • 10M USDT in the pool and 100 tokens = ~$99,000 per token

👉 UP can easily surpass Bitcoin — and go well beyond.


❓ Can the system be dumped or manipulated?

🚀 This System Can’t Be Dumped.

  • Every buy pushes price up

  • Every sell burns tokens and reduces supply

  • No one can break the formula — not even the developers


❓ Are external exchanges or oracles involved?

❌ No Exchanges. No Oracles. No BS.

  • The smart contract governs everything

  • No price feeds, no outside markets, no fake volume

  • Everything is internal and immutable


❓ Is the base liquidity safe?

🧱 Base Liquidity = Untouchable

  • The initial 10 USDT + 10 tokens are locked forever

  • The price can never hit zero

  • There are no backdoors, no rugs, and no reset buttons


❓ How does the Founders Pool work?

It’s a one-time opportunity to earn 0.5% of all protocol transaction fees, forever. Only 60 shares exist, each costing 5,000 USDT. Revenues are automatically and proportionally distributed on-chain each month. See Founders Pool →


❓ Has the code been audited?

Audits are scheduled and will be completed before launch. The smart contracts will be reviewed by independent security firms, and the full reports will be published publicly on the Security & Audit page.

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Last updated 3 days ago