The first balance protocol based on BSC, UP611, is about to launch

in cex •  7 months ago 

UP611 balance protocol is a new protocol based on Binance Smart Chain (BSC) that aims to achieve permanent stability of token prices through smart contracts. This protocol addresses the issue of token price plummeting due to sell pressure and not being able to recover, by employing full intelligent detection and operation to securely protect the interests of all market users and ensure the healthy appreciation of token prices.

The protocol employs continuous 24-hour monitoring to detect the liquidity and price of tokens. When token prices or liquidity drop rapidly by 20%, the balance pool will automatically execute a lift to restore the price to its pre-drop level and complete the token burn. By continuously bottoming out and burning tokens, the protocol aims to achieve limited downward price movement and unlimited upward potential.

The total issuance of the platform's token $UP611 is 500 million. The Meme gene attribute will allow the market to spread virally. The English letters "UP" in the token's name carry a profound implication of price increase in the blockchain industry. It has already garnered attention from OKX partner Lea on Twitter and plans to list on PancakeSwap and simultaneously on CEX. It is expected to attract more angel investors this month, with cooperation plans to be announced. The future growth and development of this protocol are highly anticipated.

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