Upland Economy Update & New Starter Neighborhood In Rio

Upland is growing at a fast pace, leading the team to envision a more sustainable and attractive economic model for the future of the game. The shift has been announced after a series of successful initiatives.

In the month of July, Upland hinted at what might come next with the release of the NFT-to-USD program, a new trading mechanism in the game where players can buy&sell NFT properties with USD.

The city builder browser game now boasts a fully-functional Paypal integration. Players can withdraw the money accumulated from selling properties in USD to their Paypal account with the click of a button.

In addition to the program, which exceeded $7,000,000 in resale value, Upland announced a new internal economy that will change the structure and affluence of the two liquidity pools. 

The Revamped Upland Economy

In the new economy, the two pools will no longer have a 50% split of the minted $UPX each.

The 100 billion initial mint is no longer split according to that percentage, due to the in-game sales, and is skewed towards the Community pool. As of their introduction to the new economy, approximately 87.7% of the 100 billion UPX in circulation is in the Community Pool.

The developers are proposing a new economic model to allow Upland to grow more decentralized in the future. The idea may be voted on by Uplanders using the newly announced voting method.

In the new model, all UPX tokens are contributed to the Community Pool. This would happen only when monetary expansion is required. The Community Pool will finance the Upland Pool directly under this system, using the same mechanism that estimates user activity and in-game economics.

The formula for this funding method is as follows: ‍

Monthly Blockchain Mints / Transactions:

Monthly Active/New Users:

‍At the beginning of each month, the Upland team will review the blockchain records as well as user counts from the previous month, and apply the above calculation to calculate monthly UPX funding. They would apply the above formula retroactively to the period from January 2021 to June 2022.

Upland Releases The First FSA-Only Neighborhood in Rio

Following the release of Rio, the first internationally acclaimed city, Upland experienced an increased minting rate, up to 54 mint per second. This makes it harder for new players to jump in, as all properties selling for cheaper rates are immediately bought by existing moguls which will then resell them to make a profit. 

In order to balance the in-game economy and make sure new players are not at too much of a disadvantage when joining the game, Upland released a “Starter Neighborhood”, solely made up of 5,000 affordable “Fair Start Act” homes. These properties are significantly cheaper than Collection properties, averaging 2,500 $UPX per property. The team may unlock other starter neighborhoods in Rio if the…