Upstream announces the release of its new dApp
By Anastasia Samaras
Upstream, a MERJ Exchange Market, is proud to announce the release of our new browser client. Now, in addition to giving traders direct access to our exchange through Upstream’s user-friendly trading app, we are now giving traders expanded access to quality NFTs and IPOs right from their browsers: https://trader.upstream.exchange/.
Under Upstream’s Hood
Upstream is known for keeping intricate blockchain technology under the hood of our next-generation trading app to make NFTs and digital securities accessible to the masses.
With in-app wallet creation, biometrics to unlock private keys and sign transactions, and familiar funding methods like PayPal, debit, and credit, along with USDC stablecoin; Upstream is ushering in the future of NFTs and securities trading.
At Upstream’s core is Horizon’s sophisticated Ethereum-Layer 2 matching engine technology which comes with its transparency, accessibility, and individual control over assets.
The majority of financial services are controlled by central parties today. Whether it’s trading, money transfers, asset purchases, etc., you typically must go through an intermediary. Blockchain-powered markets like Upstream have the ability to build and execute smart contracts courtesy of the Ethereum network. This enables peer-to-peer transactions, full asset control right from smartphones, and greater access to basic financing.
Upstream is now proud to introduce our decentralized application, or dApp, for traders to explore.
What is a dApp?
Decentralized Finance, or DeFi, refers to financial smart contracts and applications (dApps) deployed on a blockchain, most commonly on Ethereum. Like any application, dApps offer users a specific type of utility or functionality.
The goals of these dApps are to flip traditional financial applications on their heads and “defy” the current infrastructure by developing their decentralized and non-custodial counterparts.
DApps offer many benefits, including privacy. To access most traditional apps, users must provide personally identifiable information to begin participating. On dApps like Upstream, you’re known only by a public wallet number.
Instead of relying on a central entity to complete a transaction, digital contracts automatically execute transactions from person to person once the established parameters are met. These transactions are labeled ‘non-custodial’ because the individual maintains control of their assets’ movement instead of electing to have a central entity move the assets on their behalf.
Upstream’s market transparently displays the best bids and offers on a public order book secured using the Ethereum public blockchain. Traders of all levels can buy, sell, and settle NFTs and securities directly from the Upstream trading app and now a web browser!
How to access our dApp
Start by heading to the Upstream website at upstream.exchange. From there you can explore our dApp by clicking the Exchange tab located on the top left.
This will direct you to our dApp which offers a window into the Upstream marketplace to browse everything from trending NFTs to the latest IPOs to participate in.
Use the Navigation Bar to explore the Market. You’ll see live airdrops, our collection pages from athletes, entertainers, musicians, NFTs available for purchase, and IPOs.
To transact, click on the opportunity you’d like to explore. Then tap Bid or Buy Now and you’ll be presented with a QR code. Open your smartphone’s camera, and scan.
You’ll be directed to a page to download the Upstream app on your respective app store. Or if you have the app, it’ll enable you to open it from the Upstream app.
You’ll be directed to the opportunity you’d like to participate in whether it’s claiming or purchasing an NFT, or purchasing shares in a newly listed company.
Upstream is a layer-2 Ethereum platform and is proud to stick to Ethereum’s core values and decentralized nature without sacrificing investor protection and simplicity.
Upstream’s dApp release is another way we’re making Web3 services accessible to anyone and everyone. Visit the Exchange tab on Upstream to explore!
Upstream, a MERJ Exchange Market, is a fully regulated global stock exchange for digital securities. Powered by Horizon’s proprietary matching engine technology, the exchange enables investors to trade shares in IPOs, NFTs, U.S., and international dual-listed equities, and celebrity ventures directly from the app https://upstream.exchange/. Interested issuers can reach the team at firstname.lastname@example.org.
Horizon is a fintech company that builds and powers global securities exchanges with an integrated suite of software for compliant issuance, management, and secondary trading of securities. Their in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the U.S. and globally. Learn more at https://www.horizonfintex.com/.
*NFTs received have no economic value, royalties, equity ownership, or dividends. NFTs are for utility, collection, and display only.
*U.S. investors are not permitted to trade in upstream listed securities. U.S. and Canadian citizens will only be able to trade in a security they currently own that has listed on upstream for liquidation only.
*Funding using bank payments. For bank payments, complete KYC and initiate a wire or transfer from your bank or financial institution using the details provided via email after your KYC is approved. If you haven’t already completed KYC identity verification or didn’t select ‘Bank’ as the ‘Deposit From’ option when you completed the KYC identity verification process initially, please go through KYC again selecting this payment method. Complete the KYC identify verification process by tapping Me>KYC