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Introduction To Upland

Blockchain gaming may seem like a new concept, but some games have been around for years. Upland is surely one of them. While it is not a Play-To-Earn game, it is still one of the oldest blockchain games. It is built on top of EOS, a feeless blockchain that uses a Proof of Stake consensus mechanism and here is how you can get started with it.

What Is Upland? #

Upland is probably one of the first blockchain games that introduced in-game ownership, but it does come with certain limitations. Players can purchase property based on a real-world map with only a handful of states in the USA being available right now.

Players can join the game on mobile devices as it supports both Android and iOS, but it can also be played on a PC through your browser. Properties are bought with UPX which is the main in-game currency.

Each player has the right to buy virtual land and build virtual businesses and real estate on top of it. These assets can generate income that is paid out in UPX but as we already mentioned, this game is not based on a play-to-earn model, so all that income won’t be worth any real money just yet.

How To Get Started With Upland? #

Once the game is downloaded or accessed through your browser you will have an option to either register a new account or simply continue as a guest. Creating an account requires a working email address and takes just a few minutes to complete.

New players will be awarded with 6000 UPX which probably won’t be enough to start building right away. The only way to get more UPX tokens is by purchasing them directly from Upland with your credit card.

Once you have enough UPX tokens you can purchase property from others or buy some land and build your own business or real estate.

Zooming in on the map gives you a more detailed overview of the land and the property that is built on top of it. Gray parcels are not up for sale, but you can still make a bid for them while green parcels are already on the market and have a sale price set in UPX. This price is not fixed, and players can send custom offers to the owner.

Based on the in-game economy it is easy to conclude that Upland is currently not a play-to-earn title. Token purchases only go one way but there are plans to expand the game in the future and NFT landowners do have a way to sell their land for USD. This was recently introduced through the NFT-to-USD program which is still not available for everyone.

The end goal of Upland is to offer an immersive metaverse experience for both players and landowners but this development will take some time before it becomes a reality. It is also worth noting that UPX will remain very limited for the time being.

According to the available documentation, the Upland team doesn’t want it to be traded on external exchanges just yet because they fear that the Securities and Exchange Commission (SEC) may deem it as a security.

Conclusion #

If you are a new player that is just starting to discover the possibilities of NFT technology and digital property ownership, Upland may just be a perfect place to start. The game doesn’t require you to have a wallet or to deposit any cryptocurrency. It is playable right off the bat, but your possibilities will be rather limited.

Unless the in-game economy changes in the foreseeable future, earning UPX and owning property that generates income won’t mean much because it will be difficult to sell. Hopefully, these changes will come sooner rather than later, and Upland will catch up with the rest of the GameFi industry.

Updated on January 30, 2022
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*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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