For UPX, Use Graviex instead of STEX – uPlexa
As many of you may have noticed, especially those who use the Delta portfolio app to track uPlexa, uPlexa has been going through some drastic times when it comes to market movements. Our market movements have been consistently jumping between -33% and +50%. After analyzing the movements, we are able to confirm with great certainty that our economy is being cornered and suppressed by a mini-whale (so to speak).
This suppression works due to our current UPX/BTC pairing on STEX. Our current value is shifting between 2–3 satoshis, resulting in a 50% change upwards and a -33% change downwards. This can be seen here:
In order to fight this manipulation and suppression, we encourage that our users use GRAVIEX instead of STEX when trading UPX. This will allow for more trading opportunities and/or getting in/out of uPlexa without a crazy margin of -33% to 50%. Instead, the spread should now be around <1%.
Using Graviex for UPX/BTC allows users to use an extra decimal point for satoshis rather than the standard 8. This allows for better buying/selling opportunities as per the following image:
We have another potential listing on the back burner on a reputable exchange for up to 4 pairs. If we are able to obtain more volume we will obtain this listing which will also enable other trading pairs on another exchange. We will also be listed on BISQ DEX soon if you wish to trade for BTC or fiat.
We will be changing all of our information on our websites & chats to only showing Graviex as the preferred exchange, and BISQ as a secondary. We do not recommend trading on STEX for UPX/BTC pairs.
This may result in a delisting at STEX, which is fine. We are working with another reputable exchange who may be willing to list us for a fair price given that our volume increases.
With that being said, we highly appreciate your support thus far. Please feel free to send us a message on Telegram or Discord if you have any questions or concerns.
Telegram: https://t.me/uplexaOfficial
Discord: https://discord.gg/M3yy2H6
Published at Sat, 12 Oct 2019 13:28:30 +0000
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