UpRock (UPT) Price, Charts & Market Data

The UPT token serves several functions within the UpRock ecosystem:

1. Rewards and Incentives: UPT is primarily used to reward users who contribute bandwidth, computing resources, or participate in other value-generating activities such as referring users, shopping through affiliated platforms, or playing games. Mining rewards are calculated based on metrics such as connection speed, type, and country-specific internet freedom scores.

2. Staking and Earning: Users can stake UPT to boost their earnings or participate in specific reward programmes. The UpRock Wallet enables staking and token management in-app, providing a user-friendly interface for managing digital assets.

3. Platform Utility and Payments: UPT is the medium of exchange for accessing services on the platform, including AI tools, data APIs, and Insight-as-a-Service products. Fees collected in UPT are redistributed or burned to support sustainable token economics. Other fees (e.g. in SOL or USDC) are also partially used to buy back and burn UPT, maintaining deflationary pressure.

4. Governance and Treasury Allocations: Community-driven governance proposals can influence how funds are used from the UpRock Treasury, which is funded by platform fees and other revenue channels. Token holders may also benefit from future governance developments as the network matures.

UpRock was founded in 2024 by Jesse Adams, Jennifer McEwen, Tufan Baris Yildirim and Rasim Uner. The founding team brings together diverse expertise in decentralised systems, data infrastructure, mobile technology and digital privacy. Prior to UpRock, the team was responsible for the development of Tenta, a fully encrypted mobile VPN browser acquired by Avast, which further reinforces their background in secure, user-focused technologies.

Their combined experience has been instrumental in building a platform that merges decentralised internet infrastructure with AI data pipelines. UpRock reflects their shared vision for a more open, equitable digital landscape - one where users are directly rewarded for their contributions to AI services and data ecosystems.

The team’s approach to privacy, decentralisation and performance-based token economics is central to UpRock’s architecture, aligning with Web3 principles and offering alternatives to centralised AI platforms.