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UPENDI ECONOMY
The Upendi Economy is interested in diverse activities that contribute to the well-being of both people and the planet. Such actions seek to help people survive well; produce and distribute surplus; transact goods and services more fairly; and invest in ways to support a better future.
Upendi Economy will develop asset backed cryptocurrencies that will be backed by real world assets, which will combine the benefits of blockchain technology with the stability of tangible assets. These asset-backed cryptocurrencies aim to reduce volatility while providing transparency and liquidity through blockchain technology. Each asset backed cryptocurrencies will increase in value as the assets within the Upendi Foundation develop and grow.
Upendi Economy will also develop an internal exchange and digital mobile money app that can be used by all individuals no matter what their socio-economic status is. Upendi Exchange will be developed to host only asset backed cryptocurrencies.
BENEFITS OF DEVELOPING AND MINTING NEW DIGITAL CRYPTOCURRENCIES
New Crypto Coin will operate on a decentralized network, reducing the control of central authorities and enhancing user autonomy.
No banking or exchange controls required for Blockchain transactions, only KYC documents will be required to open an account on the chosen Exchange.
New Crypto Coin transactions will have lower fees compared to traditional banking systems, especially for international transfers and internal wallet to wallet transfers.
New Crypto Coin can be accessed by anyone with an internet connection, making financial services more inclusive for unbanked populations.
New Crypto Coin will use Blockchain technology which provides a high level of security through cryptographic techniques, making transactions secure and reducing the risk of fraud.
New Crypto Coin wallets cannot be frozen without reason. Wallets can only be frozen if proven to have been used for illegal activities.
New Crypto Coin transactions will be recorded on a public ledger, allowing for transparency and traceability, which can help in reducing corruption.
New Crypto Coin transactions can be processed quickly, often in minutes, compared to traditional banking systems that may take days.
New Crypto Coin will enable the use of smart contracts, which automatically execute agreements when predefined conditions are met.
Users have full control over their New Crypto Coin digital assets, reducing reliance on banks and financial institutions.
Income tax and Capital gains tax will be applicable only to funds that are traded into FIAT currency and deposited into a FIAT bank account.
INNOVATION:
Creating our own cryptocurrency allows us to innovate in the blockchain and cryptocurrency space. We can experiment with new consensus mechanisms, tokenomics, or governance models that might not be present in existing cryptocurrencies.
CUSTOMIZATION:
We have full control over the design and functionality of our cryptocurrency. This means we can tailor it to fit specific use cases or industries, such as backing projects, business systems, and decentralized finance (DeFi).
COMMUNITY BUILDING:
Launching a cryptocurrency can help us build our brand and attract a community of users who are interested in our projects. This community can provide support, feedback, and contribute to the growth of our cryptocurrency ecosystem.
FINANCIAL POTENTIAL:
Successful cryptocurrencies can generate substantial financial returns. As our project gains adoption and value, the tokens we hold will appreciate significantly over time.
DECENTRALIZED CURRENCY:
Our goal is to promote decentralization and empower individuals by reducing reliance on centralized institutions, developing our own cryptocurrency aligns with these ideals.
TOKENIZATION:
Beyond just creating a currency, cryptocurrencies can represent ownership in assets, voting rights, digital assets and access to specific services. This tokenization capability can unlock new ways of monetizing products or services within our ecosystem.
Cryptocurrencies have the potential to disrupt traditional industries and improve financial inclusion globally. By developing our own cryptocurrency, we can contribute to this ongoing transformation and potentially make a positive impact.
INNOVATION:
Creating our own cryptocurrency allows us to innovate in the blockchain and cryptocurrency space. We can experiment with new consensus mechanisms, tokenomics, or governance models that might not be present in existing cryptocurrencies.
CUSTOMIZATION:
We have full control over the design and functionality of our cryptocurrency. This means we can tailor it to fit specific use cases or industries, such as backing projects, business systems, and decentralized finance (DeFi).
COMMUNITY BUILDING:
Launching a cryptocurrency can help us build our brand and attract a community of users who are interested in our projects. This community can provide support, feedback, and contribute to the growth of our cryptocurrency ecosystem.
FINANCIAL POTENTIAL:
Successful cryptocurrencies can generate substantial financial returns. As our project gains adoption and value, the tokens we hold will appreciate significantly over time.
DECENTRALIZED CURRENCY:
Our goal is to promote decentralization and empower individuals by reducing reliance on centralized institutions, developing our own cryptocurrency aligns with these ideals.
TOKENIZATION:
Beyond just creating a currency, cryptocurrencies can represent ownership in assets, voting rights, digital assets and access to specific services. This tokenization capability can unlock new ways of monetizing products or services within our ecosystem.
Cryptocurrencies have the potential to disrupt traditional industries and improve financial inclusion globally. By developing our own cryptocurrency, we can contribute to this ongoing transformation and potentially make a positive impact.