UPCX Chinese Community Ambassador: Welcome UPCX CMO Mr. Sato to the Chinese community for this AMA event. Let us welcome him with warm applause!
CMO: Hello, everyone. I am CMO Mr. Sato. I am very happy to come to the Chinese community to share and interact with you.
UPCX Chinese Community Ambassador: Next, please allow CMO Mr. Sato to introduce himself.
CMO: I majored in Business Management at Dalhousie University and gained valuable knowledge in entrepreneurship, business operations, and equity financing. After graduation, I joined a Chinese asset management company and honed my skills in business operations, business planning, and finance through work experience in the corporate planning and marketing planning departments. I returned to Japan and founded a management consulting and marketing company. I serve a diverse range of clients from small businesses to large enterprises and play a key role in developing various business strategies for my clients.
UPCX Chinese Community Ambassador: Okay, I believe that everyone has a deeper understanding and impression after hearing the introduction of CMO Mr. Sato. Next, we will enter our Q&A session. The group will be muted first, and it will be lifted after the AMA ends. Please continue to participate. There will be a 100$UPC airdrop benefit after the AMA ends. Just leave your Ethereum wallet address in the group!
UPCX Chinese Community Ambassador: Q1. Can you give us some information about the UPCX project?
CMO: UPCX is a groundbreaking open source payment system powered by a high-speed blockchain technology optimized for seamless settlement and financial services. In today's dynamic digital age, UPCX is at the forefront of the blockchain revolution that is shaping the future of finance.
UPCX is an open source payment system using a super app:
・Blockchain that can achieve high-speed payment and settlement at the same level as existing financial institutions
・ An ecosystem that makes financial transactions more efficient and more versatile
・ An integrated development and usage environment that allows anyone to easily participate.
Designed specifically for payments and financial services, UPCX surpasses existing requirements in today’s payments landscape with practical performance and scalability comparable to credit cards and mobile payments, and enables near-instant payments and settlements.
UPCX Chinese Community Ambassador: Q2. What is the vision of the UPCX project?
CMO: UPCX is not just a blockchain project, it is the foundation of a new financial ecosystem that everyone can use safely and efficiently. We believe that in the rapidly developing digital age, the future financial system will be built on the foundation of blockchain technology.
UPCX was founded with a clear vision to expand the reach of financial transactions through faster, cheaper, and more secure financial transactions. UPCX aims to democratize financial services, allowing anyone to trade anywhere, at any time. We envision a world where financial control and wealth creation are not just the prerogative of certain centralized institutions, but in the hands of the people.
UPCX is not only incredibly fast, but also a comprehensive payment and remittance solution that can also issue a variety of stablecoins and utility tokens. These features are designed to provide the necessary flexibility to meet the various financial needs of individuals, businesses and institutions around the world.
Compared to the volatile cryptocurrency market, the stablecoins issued on UPCX are able to maintain a stable value and are a trustworthy form of digital currency. This stability provides the necessary certainty for daily real-world transactions and is also a safeguard against sudden market fluctuations.
On the other hand, utility tokens provide access to UPCX’s unique features and services. Utility tokens are the driving force behind the development of the UPCX ecosystem, allowing users to fully participate in the platform services while incentivizing users to continue participating.
We envision UPCX becoming a hub for innovation where developers can leverage the robustness of blockchain technology to easily build applications for a variety of use cases.
UPCX not only enables seamless financial transactions, but also promotes financial inclusion and democratization by providing secure, low-cost financial services to billions of people who are underserved by the traditional banking system. The development of UPCX is not only about technology, but also about helping to unlock human potential on a global scale.
We believe that by focusing on more convenient, efficient and secure payments, UPCX will lead the direction of future financial development.
UPCX’s vision is not just to build a better blockchain, but to create new opportunities by giving individuals and businesses the tools they need to take their financial future into their own hands.
UPCX Chinese Community Ambassador: Q3. What solutions does the UPCX project have for the current market situation?
CMO: Our project’s solutions to the current four market conditions are as follows:
1. Blockchain payment lacks integration, and the operation and interface are not user-friendly; UPCX provides instant transactions, low fees, and supports NFC.
2. Blockchain transactions are slow and costly; compared with traditional payment methods, the processing capacity is low.
3. Current applications are complex and daunting for ordinary users; UPCX provides a simpler and more accessible interface for blockchain payments.
4. To promote blockchain payments, UPCX simplifies developer participation, supports multiple blockchains, and increases user participation and benefits.
UPCX aims to bridge this gap and provide a blockchain-based payment system that is as fast, affordable, and user-friendly as mobile payment apps. Our goal is to promote democratic financial services and ensure that anyone, anywhere can conduct seamless transactions.
UPCX Chinese Community Ambassador: Q4. What are the market and future prospects for UPCX?
CMO: UPCX's market performance and future prospects are full of hope and potential. With the launch of UPC Token and the positive response from the market, UPCX is gradually realizing its vision and becoming the foundation of a new financial ecosystem.
With the continuous development of digital currency and blockchain technology, UPCX has huge room for growth. Its success has not only had an important impact on the cryptocurrency market, but also opened up a new path for the development of the entire financial industry.
Overall, UPCX is becoming an important force in the digital currency and blockchain space with its innovative technology, user-friendly design, and comprehensive ecosystem. As the market continues to pay attention to UPCX and UPC Token, we look forward to seeing UPCX achieve greater success in the digital currency and blockchain space and bring revolutionary changes to global financial services.
UPCX Chinese Community Ambassador: Q5. What are the market advantages of the UPCX project?
CMO: As a high-speed blockchain for payments and financial transactions, UPCX has several advantages:
Technical advantages: UPCX combines Cryptonomex's Graphene blockchain technology with Delegated Proof of Stake (DPoS) and the Byzantine Generals Problem (BFT) to achieve performance indicators comparable to or even higher than those of major credit card networks. It can achieve high-speed, low-latency, high-throughput, and high-concurrency payment transactions, while ensuring that the data cannot be tampered with, forged, repeated, or reversed.
Business advantages: The UPCX project provides a payment system that supports super applications and can meet payment services for various scenarios and needs, including instant payment, batch payment, regular payment, subscription payment, installment payment, pre-authorized payment, smart contract payment, etc. The UPCX project also provides an open, decentralized, autonomous, shared, collaborative, innovative, diversified, inclusive, sustainable, and socially responsible payment ecosystem that can promote the participation and contribution of all parties and create more value and benefits.
Market advantages: The UPCX project is positioned in the global payment and financial services market, which has a huge scale and growth potential, but also faces various challenges and opportunities. The UPCX project can take advantage of blockchain technology and cryptocurrency to provide global users with better payment experience and financial services, solve the pain points of traditional payment systems, meet emerging payment needs, seize market opportunities, and win market competition.
Team advantages: The UPCX project team is composed of professionals from Japan and around the world. They have rich experience and knowledge in blockchain, cryptocurrency, payment, finance, technology, business, law, marketing, community and other fields. They have a common vision and mission, a strong sense of responsibility and execution, good communication and collaboration skills, and an innovative and enterprising spirit.
UPCX Chinese Community Ambassador: Q6. Compared with similar competing projects in the market, what are the outstanding features of the UPCX project?
CMO：
High speed and low cost: UPCX’s transaction confirmation time is only 3 seconds, and it can process more than 1,000 transactions per second. UPCX’s network fees are also very low, or even free, making UPCX suitable for daily payments and small transactions.
High security and high efficiency: UPCX's hybrid consensus mechanism combines the advantages of DPoS and BFT, improves the security and efficiency of the network, and achieves fast settlement and finality of transactions. UPCX's witnesses are elected by UPC holders and are responsible for verifying transactions and generating blocks, while also participating in the governance and decision-making of the network.
Highly scalable and highly interoperable: UPCX is compatible with EVM and supports the development and deployment of smart contracts and decentralized applications (DApps). UPCX also supports cross-chain protocols and can transfer and exchange data and assets with other blockchain networks. UPCX also supports user-issued assets (UIA), market-pegged assets (MPA) and non-fungible assets (NFA), providing users with a wealth of digital asset choices and trading opportunities.
High flexibility and innovation: UPCX provides an open and free platform for users and developers to create and trade various digital assets according to their needs and creativity.
UPCX also encourages users and developers to participate in the governance and innovation of the network by proposing and implementing improvements and optimizations to the network through public proposals and committee proposals.
UPCX Chinese Community Ambassador: Q7. What are the development goals of the UPCX project before 2025?
CMO: The goal of the UPCX project is to achieve the following developments by 2025:
In terms of technology, the UPCX project will continue to improve and optimize its technical architecture, enhance its performance, security, scalability, interoperability and compatibility, support more application scenarios and functions, achieve seamless connection with other blockchain networks and traditional payment systems, and build a global unified payment network.
In terms of application, the UPCX project will continue to expand and enrich its application areas, covering e-commerce, cross-border remittances, tourism, entertainment, education, medical care, charity, social networking and other aspects, providing users with more choices and convenience, and creating a global payment ecosystem.
In terms of the market, the UPCX project will continue to expand and deepen its market influence, attract and retain more users, partners, developers, investors, regulators and participation and support from all sectors of society, and build a global payment brand.
In terms of tokens, the UPCX project will continue to enhance and stabilize the value of its tokens, increase its circulation, liquidity, decentralization and usage, improve its ability to resist inflation and risks, and create a global payment currency.
UPCX Chinese Community Ambassador: Q8. What are the uses of UPC, the native token of the UPCX project?
CMO: UPCX's token UPC is the native token of the UPCX network. It has many important functions and roles in the UPCX network, such as paying fees, participating in consensus, enjoying discounts, obtaining rights, etc. The value of UPC is closely related to the development of the UPCX network. With the continuous expansion and improvement of the UPCX network, the demand and circulation of UPC will continue to increase, thereby promoting the value of UPC. UPC is a token with great potential and growth space, worthy of users' attention and holding.
Currently, UPCX native Token ($UPC) has been launched on MEXC, Bitget, Gate.io, and Websea platforms.
UPCX Chinese Community Ambassador: Q9. Who are the partners of the UPCX project?
CMO：
On November 15, 2023, UPCX entered into a business cooperation agreement with Paycle Co., Ltd. By partnering with Paycle, UPCX will continue to develop the innovative products and services they pursue.
On January 17, 2024, UPCX has been selected as the official blockchain payment sponsor for the 2024 Doha World Aquatics Championships and the 2024 FINA Swimming World Cup! During the two major international events, the "UPCX" logo will be displayed on the athletes' bibs, and the same logo is planned to be displayed on multiple digital multimedia such as the official competition website.
On January 30, 2024, UPCX and VNX Commodities AG (hereinafter referred to as "VNX"), a leading company in Europe engaged in stablecoin issuance and real-world asset (RWA) tokenization, reached an agreement on a series of business cooperation, marketing, and creating common value, and signed a basic cooperation agreement.
UPCX's goal is to deploy a legally compliant, user-friendly and scalable blockchain payment network globally. Our partnership with VNX, a European pioneer in asset tokenization and stablecoin issuance, will be an important step in UPCX's mission.
On February 1, 2024, UPCX established a partnership with MudAi. MudAi is a social platform rooted in artificial intelligence technology and enhanced by blockchain technology. MudAi aims to lower the barrier to entry to the Metaverse through its proprietary advanced technology, making it easier for users to immerse themselves in the Metaverse. In addition, it is committed to building a Metaverse ecosystem that promotes a harmonious cycle between different types of members such as enterprises, developers, and users.
On May 28, 2024, UPCX and PJP Eye entered into a business alliance agreement to jointly address these challenges and provide solutions, with UPCX responsible for the software side and PJP Eye responsible for the hardware side, to build a system that maximizes blockchain performance per power consumption. In addition, PJP Eye will provide UPCX with the company's academic support (Kyushu University) and other information needed to create a new problem-solving enterprise. We believe that this collaboration will usher in a new era for the development of our business and bring opportunities for further cooperation in the future.
UPCX Chinese Community Ambassador: Q10. What progress has been made in product applications within the UPCX project ecosystem?
CMO：
We aim to launch the UPCX Wallet in the third quarter of 2024, with an expected release in August. In preparation for this launch, we plan to expand our collaborations and partnerships in technology. Its new blockchain wallet is designed to provide users with an experience that is as intuitive and friendly as traditional mobile payment services. One of the core features of the UPCX Wallet is its "Named Accounts" feature, which allows users to create an account as easily as creating a new email address. Compared to the long and meaningless account addresses of traditional blockchains, users can complete remittances based on a simple, easy-to-understand unique string ID (such as a name or email address).
UPCX Wallet provides a variety of payment methods, including mobile payment, tap payment, and offline payment. Mobile payment and tap payment allow users to complete transactions through smartphones or other compatible devices, while the offline payment function allows users to make payments without an Internet connection, greatly improving the convenience of payment. In addition, UPCX Wallet also provides a message sending function, where users can send messages through the blockchain, which is an innovative feature that improves the interactivity between users.
