If you have recently discovered CITYUPTAKE, you will see various references to the “Trade Desk”, which may cause some confusion. It bears explanation because the Trade Desk is the heartbeat of this project, and many people wonder how the estimated weekly rewards are possible.
First, some background. The founder, Jason Lavender, is an experienced day-trader of 12 years who works full-time swing/day trading equities on the stock markets. Using those skills, he acts as a personal trader for all CITYUPTAKE holders who bear virtually no risk of loss since owners are able to withdraw 1:1 at any time. Gains that are made trading TRX each week are shared among the owners of CITYUPTAKE in proportion to the amount they own.
At CITYUPTAKE, the Trade Desk refers to a Binance account that grows each day as people purchase our token. As of January 30, 2019, the account has the equivalent of about 3.03 million TRX. When they Trade Desk is yielding 3-5%, our holders are receiving a bit more that 1% of their overall holdings in CITYUPTAKE each week.
Upon inception of the project, the founders of CITYUPTAKE contributed 25,000 TRX for every 100,000 CITYUPTAKE purchased to reward the trust and loyalty required to send a relatively unknown quantity in the cryptospace their TRX. The founders limited this form of Trade Desk funding to 1 million TRX. This was phase one of the project where people could purchase each CITYUPTAKE for 1 TRX.
To continue to grow, the Trade Desk needed to be funded organically through new sales of the token. To that end, the Agent phase was started with all our agents having KYC on file. A price of 1.35 TRX per CITYUPTAKE was established to purchase CITYUPTAKE from an Agent, with agents alone capable of purchasing CITYUPTAKE in a manner that increases the circulating supply.
When Agents purchase CITYUPTAKE, 1 TRX is frozen and voted, and .25 TRX goes to the Trade Desk. Agents then sell CITYUPTAKE at the prevailing market price. The added cost beyond 1.25 per CITYUPTAKE is for the support and maintenance of the Agents. This is wonderful for both new owners and previous owners because it mitigates the dilution problem facing the rewards’ model of Super Representatives.
As more people vote for an SR, the rewards shared to each voter fall. I have seen the amount of SEED I receive voting for Sesameseed fall consistently. However, at CITYUPTAKE, while your percentage stake will fall as new purchases are made, a growing Trade Desk means the absolute number of TRX received each week remains remarkably consistent if the goal of 3-5% gain each week is achieved.
To learn more, please join us in the Telegram channel where we enjoy discussing the project as well as other developments in the Tron community. You can also type “/td” to see the accumulated gains at that point in the week. If you want a solid weekly return from TRX price volatility with the safety of a guaranteed 1:1 exchange, head over to our Telegram channel where one of our agents can get you started.