UnlockProtocolTokenPrice(UP)
Details UnlockProtocolToken (UP) Price information (USD)
The current real-time price of UP is $0.0010. In the past 24 hours, UP has traded between $0.0010 and $0.0011, showing strong market activity. The all-time high of UP is $0.0845, and the all-time low is $0.0010.
From a short-term perspective, the price change of UP over the past 1 hour is
UnlockProtocolToken (UP) Market Information
UnlockProtocolToken (UP) Today's Price
The live price of UP today is $0.0010, with a current market cap of $303.045K. The 24-hour trading volume is 510.1. The price of UP to USD is updated in real time.
UnlockProtocolToken (UP) Price History (USD)
What is UNLOCKPROTOCOLTOKEN (UP)?
When is the right time to buy UP? Should I buy or sell UP now?
Before deciding whether to buy or sell UP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s UP technical analysis can provide you with trading references.
Future price trend of UP
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for UP.
How much will UP be worth tomorrow, next week, or next month in ? What about your UP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! UP Price Prediction
How to buy UNLOCKPROTOCOLTOKEN (UP)
Convert UP to local currency
UP Resources
To learn more about UP, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0x3074...6fe7dd  | 390.561M | 39.06% |
base | 0xf5c2...103534 | 370.055M | 37.01% |
base | 0x12be...fef5ea | 56.307M | 5.63% |
base | 0xb345...98ed1b | 56.024M | 5.6% |
base | 0x5fed...735e1c | 20.016M | 2% |
Other | 107.019M | 10.7% |
Hot Events
UNLOCKPROTOCOLTOKEN (UP) FAQ
What is the Unlock Protocol Token (UP)?
UP is the native governance token for the Unlock Protocol, an open-source, community-governed system designed for on-chain memberships and subscriptions. Its primary utility is to reward developers and creators within the ecosystem. Furthermore, UP enables holders to participate in the Unlock DAO, granting them the power to influence the protocol’s future development, manage protocol parameters, and oversee the treasury.
How does UP relate to the original UDT token and the migration process?
UDT (Unlock Discount Token) was the protocol's original governance token on Ethereum. In mid-2024, the protocol migrated to the Base network to improve efficiency. UP is the new version of the token on this Layer 2 network, featuring a larger total supply of 1 billion tokens. Existing UDT holders can bridge their assets and swap them for UP at a fixed 1:1000 exchange ratio via the official migration portal.
Is the UP token required to access or use Unlock Protocol?
No. The protocol is designed to be permissionless and accessible to everyone. Creators can deploy membership contracts, known as "Locks," and users can purchase membership "Keys" (NFTs) using various assets such as ETH or USDC without ever needing to hold or interact with UP tokens. The token is specifically intended for governance and ecosystem incentives rather than basic protocol utility.
How can ecosystem participants earn and stake UP tokens?
Participants can earn UP through protocol rewards, which are automatically distributed to developers and referrers when paid memberships are processed. Builders can also apply for grants through the DAO. Additionally, holders can stake UP in the protocol dashboard to earn a share of emissions. By choosing longer lock-up durations, stakers receive a multiplier that increases both their rewards and their voting power in governance.
How does the Unlock DAO governance and voting system work?
Governance begins with discussions in community forums and channels. To participate in official votes, holders must have UP tokens on the Base network and delegate their voting power to themselves or another community member using supported governance tools. The DAO votes on vital proposals, such as adjusting protocol fees, allocating treasury funds, and upgrading core smart contracts, ensuring the protocol remains decentralized and community-led.
What are the security features and the "Swap and Burn" mechanism?
UP is built on audited smart contract standards and is governed by a Timelock contract, meaning only the DAO can authorize upgrades. To support token health, the protocol uses a "Swap and Burn" mechanism: fees collected by the protocol are used to purchase UP tokens on exchanges like LBank and permanently remove them from circulation. This process creates deflationary pressure by reducing the total supply over time.
