The cryptocurrency market has always provided a competitive playing field to get the best out of organizations and their developments. This sentiment has also seeped into the world of tokenization as well, where individual tokens regard their pricing as the most important factor.
Cityuptake has been one of the few companies providing a consistent token foundation for its users as users of the CU token have always held it in high regard. Established in 2018, Cityuptake has come a long way in setting up a token ecosystem that can be seamlessly utilized for trading and procuring goods.
Staying on the Tron ecosystem, Cityuptake has managed to garner a massive following with users thronging its folds to be part of a legitimate trading ecosystem. One of the biggest highlights of Cityuptake and the CU token is its popular reward system. Coupled with the balance of risk and reward, users are given a myriad of options to invest their hard-earned capital.
To put things into perspective, each CU token is equivalent to 1.35 TRX where 1 TRX gets an allocation to the Tron Super Representative portfolio. Cityuptake keeps a keen eye on building the community as a whole, hence, 0.25 TRX gets allocated to the CU trade desk while 0.1 is set aside as project fees. While this distribution is seen as a step in the right direction by the company, some users claim that it might have an adverse effect on the pricing of the token.
One of the biggest challenges that the Cityuptake faces is the sentiment surrounding the reward model. A lot of users miss out on the fact that the CU token holds a constant value at 1.35 TRX at a time when other linked tokens fluctuate depending on the cryptocurrency market. A recent analysis of the trading market showed that the CU token was outperforming its peers left, right and centre.
A weekly analysis of CU and its compatriots shows a clear distinction in performance. CU’s trading volume has seen such a resounding spike that it has overtaken its closest compatriots such as ZLF and NOLE. On July 25, CU held a trading volume of a whopping 147,000 which indicated a renewed trust in the token’s capabilities. Users will be able to redeem their CU for TRX as and when they please. To complete the holding CU will be available on the Nolex exchange for ease of procurement.
Sources from within Cityuptake told TWJ that the CU token has maintained a stable peer to peer resell value of between 1-1.35 TRX since its inception. To ensure that customers are provided with the best experience, Cityuptake strives to establish an upper and lower limit so that the 1.35 TRX conversion rate is achieved.
The 1:1 link between CU and TRX tokens is the core reason for the token price staying stable in the midst of several changes. Cityuptake entrusts its agents to enable users when they enter the field, a relationship that has enormously helped the company. Holders can obtain CU tokens at 1.35 TRX from these agents which keeps the token price at a standard rate.
The lack of risk associated with trading CU tokens makes it a wonderful opportunity for new investors to enter the cryptocurrency industry. By integrating a reward process that is both transparent and beneficial, Cityuptake is on its way to becoming the gateway for many users in the Tron ecosystem.