Greetings everyone,

This past month we were busy continuing our development of the Universal Protocol ecosystem, on-boarding new partners, and mapping out the functionality of UPT as ‘token of the realm.’ In our drive to create a technology platform that has lasting utility for the global community, we understand the importance of securing top tier alliance members. It is our goal to continue improving communication with all of you, so here is our Monthly Update from July.

UPP Telegram & Reddit AMA

This month we engaged with our communities on Telegram and Reddit in a live Ask-Me-Anything with Universal Protocol cofounders JP Thieriot and Dan Schatt.

During this AMA session we discussed a number of topics including the rollout of UPT, announcing an IEO in two months, and the governance structure of the alliance. We thank our entire community for their participation in this AMA. To read the full AMA in its entirety, you can review the published transcript here.

Universal Protocol Will Conduct an IEO

Following our ICO this Spring, we are planning to do an IEO early this Fall. We are finalizing the details with this exchange partner, and will be announcing more details in August.

News Across the UP Alliance

Uphold — Uphold removes withdrawal fee for Dash, enabling savings and remittance use cases. Uphold also acquired Scytale, a web development and design studio specializing in producing intelligent applications.

Cred — Cred and Bitcoin.com join forces to boost crypto lending, allowing bitcoin.com customers to earn up to 10% interest on bitcoin and 6% on Bitcoin Cash invested with Cred. Cred has also announced support for Litecoin, with customers now able to earn up to 8% interest on LTC.

Bittrex — Bittrex launches crypto trading platform for Middle Eastern countries following new partnership with RAINN Management WLL.

Brave — The web browser released an updated version that allows for BAT withdrawals after KYC with Uphold.

CertiK — The CertiK Foundation announced the launch of its native blockchain, CertiK Chain, and will utilize proof-of-verified-security and based off of DeepSEA language.