UpOnly Pauses Private Sale Distribution to Boost Healthy Market Dynamics
UpOnly issues strategic response to prevailing market conditions
UpOnly is the industry's first comprehensive move-to-earn, play-to-earn, and Metaverse directory. Over the past six months, we have developed an excellent product that fills a unique role in the multi-billion blockchain gaming industry, including a first-of-its kind prediction platform for spectators.
However, market conditions are sometimes unfavorable even for the best teams with an ideal product market fit. This is especially true in the cryptocurrency market and even more so given the current macroeconomic conditions.
In response to the current market situation, UpOnly and its partners have decided to pause further distribution of $UPO private and public sale tokens for one month. UpOnly reached this decision following advice from exchange partners and private sale investors who remain committed to the long-term success of the project. UpOnly will carefully analyze market conditions at the end of the period and announce the next step forward.
Over the coming months, UpOnly will continue to build and grow its community. The team remains committed to improving our market-leading directory and tapping into newer niches such as move-to-earn. We will keep exploring partnerships with other top-tier projects and also roll out more exciting use cases for $UPO tokens across our suite of products.
Good community 👍👍