UPcoin Beta Testing Explained

UPcoin Exchange
Startups & Venture Capital
2 min readJan 22, 2018

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As we are approaching our beta testing stage, time has come to provide more information on how this process will be organized.

According to our roadmap, beta testing starts on February 1, 2018.

How is beta testing organized?

The overall number of beta testers will be limited. For example, round one has 1000 slots available. There will be several more iterations and details will follow.

During the test will be start out by testing core functions, will perform load testing and will measure results. With every iteration the number of functions will increase and more testing will be done.

We will ask our beta testers to provide their feedback with a portion of constructive criticism, if any. We count on your honest feedback because it helps us to make UPcoin a better place for traders.

All testing will be done in demo mode, deposits/withdrawals will be disabled. Your account will be credited with a certain amount of BTC so that you can start a trading simulation. At the end of the test all account balances will be zeroed out. To avoid ambiguity, no real money will be used during beta test, everything will run in a simulation mode.

Markets & Trading Pairs During Beta

During beta test will add about 20 coins/tokens; trading will be realized within the BTC market.

Since all trading will be done in test mode, and deposits/withdrawals will be disabled, arbitrage opportunities will unavailable. Therefore please be ready to see prices that are very different from what you see on other markets — this is perfectly normal at this point. Once deposits/withdrawals are enabled, arbitrage traders will even out the prices, bringing them to the market value.

Remember: at this stage our main goal is to test core functions at UPcoin, receive feedback from our testers and make sure everything works as intended.

Who Joins the Beta Test?

Our beta testers apply by filling out this form https://goo.gl/forms/SlCD1bBtF48aNToN2

Shortly before beta testing begins, we will send you an email containing a basic description of the test and short instructions for testing. This email will also contain information on how to get into your testing account and how to give feedback.

If I don’t participate in beta, do I retain my $500?

Yes, you do, no need to worry about that. We understand that the number of participants is limited and we guarantee your $500 will remain intact until you start using it to cover your trading fees.

Got questions about beta?

Send us a quick email at info@upcoin.com

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Our goal is to become world’s #1 exchange, creating the most convenient, fast and secure place for your crypto trading.