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CITYUPTAKE TRC20 EVENT
It will be swapped 1:1 with Alpha token, and it also will be swapped 1:1 for CITYUPTAKE as a thank you for supporting project when CITYUPTAKE is swapped for 1:1 for TRX starting Jan 2021. This will allow for smart contract development. CITYUPTAKE utility token not swapped will still fuction same way. Alpha token on the other hand beginging on the birth of my first grandson in Jan 2021 we will no longer reward Alpha token, but will begin rewarding CITYUPTAKE TRC20. This swap will end on my grandson first birthday in Jan 2022.
Questions why????
1. CITYUPTAKE TRC20 will become a security token that is compliant in the USA. CITYUPTAKE TRC20 will represent a real interest in CITYUPTAKE INC, and it will recieve dividends as a long term capital gain.
2. When a exchange occurs the CITYUPTAKE TRC20 will remain in the contract until a lockup expiration. This will make sure it cannot be sold so that proper compliance can be achieved. Members Lounge will be the portal for smart contract holdings. This is to make sure that once released centralized and decenrialized exchanges have the possibibilty to list token with compliance in the USA.
3. Creating a security token that is given to holders where a exchange of value did not occur allows for a hurdles regarding compliance to be avoided. CITYUPTAKE TRC20 will have equity interest in ALL CITYUPTAKE INC assets. CITYUPTAKE TRC20 book value will represent all CITYUPTAKE assets.
4. CITYUPTAKE TRC20 will be corportate issued shares with voting rights. To prepare for this major ecosystem improvment the founders want to control 51% voting rights. So for every token swap CITYUPTAKE TRC20 will be issued to CITYUPTAKE INC at rate so that locked holder CITYUPTAKE TRC20 will not be above 20% voting rights. This may come off suprising so let me explain. CITYUPTAKE INC issued shares will not be rewarded while in the smart contract. They will only be allowed to pass to a new owner when it is advantageous for CITYUPTAKE TRC20. For example any sell of CITYUPTAKE INC issued shares will be to increase our liquidity of CITYUPTAKE INC tradedesks where the price paid will not have a dilutive impact on price. Purchased shares would also be locked up until expiration occurs. CITYUPTAKE INC market demand and price will be determined by market participant volume averages.
5. The reward structure will also adopt the Alpha model where 40-25-25-10 allows for sustained compliance regarding tax, expenses, building equity, and reward. All swapped Alpha and CITYUPTAKE will still be rewarded based on proportions of CITYUPTAKE TRC20.
I would like to highlight couple fact:
Under the Alpha reward model there will be rapid growth as all TD under CITYUPTAKE TRC20 become one. All TRX 1:1 will be returned during the swap for possible purchase of CITYUPTAKE TRC20. We will be giving more details soon about price. Any CITYUPTAKE TRC10 not swapped will still function the same way. There will be lots of questions and I am working with team to get more information to you guys. We are working on the whitepaper right now. Feel free to ask questions and we wil get them answered.
It will be swapped 1:1 with Alpha token, and it also will be swapped 1:1 for CITYUPTAKE as a thank you for supporting project when CITYUPTAKE is swapped for 1:1 for TRX starting Jan 2021. This will allow for smart contract development. CITYUPTAKE utility token not swapped will still fuction same way. Alpha token on the other hand beginging on the birth of my first grandson in Jan 2021 we will no longer reward Alpha token, but will begin rewarding CITYUPTAKE TRC20. This swap will end on my grandson first birthday in Jan 2022.
Questions why????
1. CITYUPTAKE TRC20 will become a security token that is compliant in the USA. CITYUPTAKE TRC20 will represent a real interest in CITYUPTAKE INC, and it will recieve dividends as a long term capital gain.
2. When a exchange occurs the CITYUPTAKE TRC20 will remain in the contract until a lockup expiration. This will make sure it cannot be sold so that proper compliance can be achieved. Members Lounge will be the portal for smart contract holdings. This is to make sure that once released centralized and decenrialized exchanges have the possibibilty to list token with compliance in the USA.
3. Creating a security token that is given to holders where a exchange of value did not occur allows for a hurdles regarding compliance to be avoided. CITYUPTAKE TRC20 will have equity interest in ALL CITYUPTAKE INC assets. CITYUPTAKE TRC20 book value will represent all CITYUPTAKE assets.
4. CITYUPTAKE TRC20 will be corportate issued shares with voting rights. To prepare for this major ecosystem improvment the founders want to control 51% voting rights. So for every token swap CITYUPTAKE TRC20 will be issued to CITYUPTAKE INC at rate so that locked holder CITYUPTAKE TRC20 will not be above 20% voting rights. This may come off suprising so let me explain. CITYUPTAKE INC issued shares will not be rewarded while in the smart contract. They will only be allowed to pass to a new owner when it is advantageous for CITYUPTAKE TRC20. For example any sell of CITYUPTAKE INC issued shares will be to increase our liquidity of CITYUPTAKE INC tradedesks where the price paid will not have a dilutive impact on price. Purchased shares would also be locked up until expiration occurs. CITYUPTAKE INC market demand and price will be determined by market participant volume averages.
5. The reward structure will also adopt the Alpha model where 40-25-25-10 allows for sustained compliance regarding tax, expenses, building equity, and reward. All swapped Alpha and CITYUPTAKE will still be rewarded based on proportions of CITYUPTAKE TRC20.
I would like to highlight couple fact:
Under the Alpha reward model there will be rapid growth as all TD under CITYUPTAKE TRC20 become one. All TRX 1:1 will be returned during the swap for possible purchase of CITYUPTAKE TRC20. We will be giving more details soon about price. Any CITYUPTAKE TRC10 not swapped will still function the same way. There will be lots of questions and I am working with team to get more information to you guys. We are working on the whitepaper right now. Feel free to ask questions and we wil get them answered.
If you send me a message I will send you the invite as we attempt to 1:1