Quote from: Crypto-DesignService on March 23, 2019, 09:27:35 PM

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://bitcointalk.org/index.php?topic=4433672.0
Bounty: https://bitcointalk.org/index.php?topic=4441123.0

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.
https://i.imgur.com/s0Lje2L.jpg

*Calendar view of UPStake value
https://i.imgur.com/h1kkmJS.jpg

Edge - UpStake Edge is another feature of UPStake which is a crypto investment that allows you to make passive profits through micro networking.
https://i.imgur.com/RCSkGs0.jpg
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
https://i.imgur.com/Rn4wHXW.jpg
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.

https://i.imgur.com/5Seclvb.jpg

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?

Very misleading post. I recommend you read the whitepaper which will bust a lot of the statements made in this. The exchange where you have selected show the current hour is also very misleading. There have been over 9,500 successful transactions in the last few months.

In regards to edge its not an ROI and technically has very little to do with upstake. Edge is a network marketing smart contract. You buy 1 and you get two. In order to start an edge, you need to fuel it with UPS. 90% of those UPS tokens are burned immediately reducing circulation.

I strongly recommend you take some time to read the whitepaper and do some research rather then just jumping to the conclusion this is a ponzi or scam. https://t.me/upstake/159