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Upton Finance
Upton Finance is a Telegram-focused yield platform whose current site describes AI-driven memecoin trading and USDT staking; it was initially presented as a TON-based CeDeFi restaking protocol.[2][1]
Overview
Upton Finance was earlier described as a decentralized finance platform within the Telegram ecosystem operating on the TON blockchain. That positioning presented it as the first CeDeFi restaking protocol on TON, intended to address the gap in high-yield savings products within the ecosystem.
In that earlier description, users could stake USDT and TON tokens, with a stated annual percentage yield (APY) of 15%. Upton Finance was positioned as the money market fund of TON, seeking to provide Telegram's extensive user base with access to secure, yield-generating financial services.[1][2][3]
The current official site positions Upton Finance as a Telegram-oriented, AI-powered memecoin-yield platform. It describes USDT staking to mint USDton and advertises 15%+ APY. The site describes Upton AI as trading memecoins on Solana and TON, with a strategy combining funding-rate arbitrage and U.S. Treasury-bill yields. These yield and strategy descriptions are the project’s claims.[2]
History
On November 1, 2024, Gate.io announced pre-market OTC trading for UPTON Points, explicitly distinguishing them from the UPTON token. The announcement listed the maximum supply of UPTON Points as 1 billion and the UPTON token maximum supply as undetermined.[10]
On November 26, 2024, BlockBeats reported that Upton Finance said Upton Earn's TVL exceeded $2 million. The report said UP Coin Staking Season 1 was available, advertising 18.5%+ annualized yield and accumulation of $UP points toward a future governance-token airdrop.[11]
On December 22, 2025, AiCoin reported Gate's announcement suspending pre-market OTC trading for Upton Finance (UPTON). Gate's current pre-market page labels the offering "Canceled."[12][13]
Products
Staking Mechanism
Earlier product materials described a staking mechanism where users could deposit USDT and TON tokens in exchange for USDton tokens, which aimed to yield a 15% annual return. The materials said the system ensured asset security through third-party custodians and used strategies such as basis arbitrage and AI-driven trading to optimize returns. They also described an option to redeem USDton tokens for the equivalent amount of the original assets, allowing for liquidity and flexibility.[3][4]
High Returns
Earlier product materials described a staking product that aimed to offer users a 15% annual percentage yield (APY) through USDton tokens, primarily using low-risk arbitrage on funding rate contract fees. The materials outlined plans to introduce $UPTON governance tokens, which could potentially increase returns up to 30% APY. They described yield generation as relying on arbitrage strategies and AI-driven trading to optimize returns while managing risk.[3][5]
User-Friendly Experience
Earlier product materials described Upton Finance as aiming to offer a user-friendly experience through access via a Telegram Bot and web interface. They said it sought to simplify financial management with an intuitive design and gamification elements. The materials described users depositing USDT and TON, receiving USDton tokens that accrued interest, and managing investments with real-time updates. They also described educational resources and community support intended to enhance accessibility and user engagement.[3][6]
Upton AI and Telegram Mini-Games
The current official site describes Upton AI as trading memecoins in Solana and TON markets and says its strategy combines funding-rate arbitrage with U.S. Treasury-bill yields.[2] It presents Telegram mini-games as a route for onboarding users to financial products, with game interfaces through which users can stake USDT or other on-chain assets to mint USDtg or USDton. The site reports more than 1.6 million active players.[2] These current published product descriptions expand beyond the earlier description of USDT/TON staking and USDton; they are descriptions and figures reported by the project’s site.
Tokenomics
Earlier Upton Finance Token Plan ($UPTON)
The existing token plan describes $UPTON as the governance token of Upton Finance, with a total supply of 21 million tokens on the TON blockchain. It was intended to support governance and decision-making processes within the platform. The plan also described a strategic airdrop model to promote adoption and engagement among Web2 and Web3 users in the Telegram ecosystem.[8] This is the earlier token description; the current official site presents a $AIUP token profile.[2] Gate's November 2024 pre-market product represented UPTON Points rather than the $UPTON token, and Gate later canceled its pre-market offering in December 2025.[10][12][13]
Earlier $UPTON Allocation and Revenue Sharing
The $UPTON token allocation described in the existing investment deck is:
- Venture Capital (VC): 20%
- Team: 15%
- Advisors: 5%
- Airdrop: 15%
- Ecosystem Incentives: 25%
- Community Treasury: 20%
The deck stated that revenue from the Upton protocol would share 50% with $UPTON stakers.[9] These are terms of the earlier $UPTON plan, not the revenue-sharing description on the current official site.
$AIUP Token
The current official site describes $AIUP as a governance token with a total supply of 21 million. It says users can earn $UP Points through staking and referrals, and links airdrop eligibility to game participation and staking; the site states that 80% of the airdrop allocation is for the community.[2] The site describes revenue sharing as 80% to users and 10% to $AIUP holders.[2] These are descriptions of the current token model published on the site.
Partnerships
Upton Finance's key partners include:
- TON Foundation
- TON Research
- OpenAI
- Ethena
- Binance
- OKX
- Solana
- Near
- Base
- Uniswap
- Lido
- dhedge
- Pendle
- DWF Labs[7]
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