Welcome to Upland
How to earn UPX Part 1: Properties
In this chapter you will learn how to earn UPX via property ownership and which important things need to be considered as a new player.
- Recurrent Earnings
- Ways of earning UPX
- Collection Rewards
- Visitor Fees
Recurrent Earnings aka Rental Income
Owning properties will enable you to generate recurrent earnings in form of UPX that can be collected every three hours. If you do not collect your earnings they will be stacked until you collect them at a later stage. You do not have to worry that they will ever get lost, the info is still stored on the blockchain.
Recurrent earnings can be seen as a rent that you receive for being the owner. While renting out to players is not yet possible the game rewards buying properties with some kind of an automatic rent payment system that is paid from the UPX community pool. Recurring earnings from your properties are calculated and collectible every three hours. However, all of your recurring earnings stack up to an unlimited amount. Thus, you do not have to collect them every day.
The basic recurrent earnings ROI (return on investment) is approximately 17.28% per year. You might regularly notice new players, that only own a couple of properties, mentioning that it takes forever to finance their next property with their recurrent earnings. A 17.28% yearly ROI will pay back the initial purchasing price in approximately 5.8 years. Yes, it seems to feel like it takes forever but we have to be realistic and should briefly but things into perspective:
- Consider that the yield of 10-year government bonds in 2020 is at 0.63% for US bonds, 0.20% for UK bonds and -0.51% (!) for German bonds
- Upland has set the goal to simulate a virtual, realistic and long-lasting economy, giving away millions of UPX for free would crash the system sooner than later
Comparing real world assets with Upland’s ROI, you will quickly find out that Upland’s returns are very competitive. Secondly, it is very important that Upland is maintaining a healthy economy. Similar to the real world, Upland’s interest rates might change in the future depending on the aforementioned economic stability. Here are some quick examples for recurring earnings:
Property value: 10,000 UPX
= 1,728 UPX per year
= 144 UPX per month
= 4.8 UPX per day
Property value: 100,000 UPX
= 17,280 UPX per year
= 1,440 UPX per month
= 48 UPX per day
Property value of: 1,000,000 UPX
= 172,800 UPX per year
= 14,400 UPX per month
= 480 UPX per day
Yes, you might still state that 5.8 years is a very long time considering the typical lifetime of a video game. Luckily, there are more ways than just waiting for your recurrent earnings to be collected. You will find more examples as you continue to read through this chapter.
How to collect the recurrent Earnings
To collect your earnings click on the recurrent earnings symbol in the top right of the user interface. It’s located right below the BUY UPX button.
Every earning position has a fancy animation that will be shown after you start the collection process . Luckily, you can also cancel this animation. After you clicked on the COLLECT ALL EARNINGS button simply click on the X button in the bottom. This will close the earnings menu and all transactions will be made in the background while you can still see how your UPX balance is increasing.
Players can put properties into collections to boost the recurrent earnings. A collection is a predefined group of properties in which the properties have to fulfill certain requirements. Each property can only be active in a single collection at once. Moreover, you can instantly switch properties between collections without any costs.
After completing a collection you will receive the following rewards:
- A one-time UPX reward for the initial completion
- A bonus multiplier for recurrent earnings for all active properties in the collection
With the purchase of your very first property you can immediately complete the “NEWBIE” collection which only requires ownership of one property in Upland. This will grant you a bonus amount of 800 UPX plus a 1.1x multiplier for the recurrent earnings of your very first property.
In most collections the properties have to be located in a certain district, for example to complete the “PACIFIC HEIGHTS” collection you have to add four properties in Pacific Heights. Afterwards you will receive a one-time bonus of 3,100 UPX and the recurrent earnings of those four properties will be multiplied by 1.8x leading to an adjusted yield of 31.1% per year (+13.8%).
In general, high collection rewards come along with high priced properties, but you should always check the collection tab before purchasing a property. Very rare collections only have a small number of potential properties, so you need to be quick to buy them.
Collections will only boost your recurrent earnings if they are active. Therefore, the next step is put properties into collections to activate them.
How to activate Collections
Collections can be activated easily. Go to the “QUICK MENU“ and click on the “COLLECTIONS” button.
This will open a window where you can see the collections menu as shown in the screenshot above. Now search for the collection that you want to activate and click on “EDIT COLLECTION“. You can now see all available properties for this collection in a list.
To put a property into the collection click on the box that is called “TAP TO FILL“. Some collections need only one property for activation and others need at least two or more. If you have put the necessary amount of properties into a collection you will see an activation animation.
Afterwards there should be a check mark next to the property address instead of the “TAP TO FILL” text.
How to find available Properties for Collections
Upland has a more or less hidden menu that shows you which properties are belonging to a specific collection. You can get there by selecting your collection and click on the “EDIT COLLECTION” button. You will now see a list of your available properties. Now go to the “OTHER PROPERTIES” tab that is directly right to the “MY PROPERTIES” tab. This will switch the view to all available properties for this collection. Green ones are currently listed on the secondary market, grey ones are unminted properties and lastly blue ones are owned by another player but not for sale.
In the beginning you should try to complete the easiest collections with the lowest number of properties possible. Example: Look for a collection with a lot of unminted properties. In best case you will find an area where three of those are also located in the same street. If you can find four properties of the “MISSION DISTRICT” collection and three are also in the same street you can directly complete the following collections:
NEWBIE: 800 UPX
SAN FRANCISCAN: 800 UPX
KING OF THE STREET: 950 UPX
MISSION DISTRICT: 1,300 UPX
This will grant you a total bonus amount of 3,850 UPX with just four properties. With a fifth property you could also complete the CITY PRO collection and receive an additional bonus of 1,200 UPX.
With the release of the city Fresno, Upland provides a city which offers very cheap properties for beginners. Check out how to get to Fresno in Chapter 11 by using train terminals.
While Uplanders roam randomly through the map it is possible to control their direction in terms of visiting a minted property. Each visitor has to pay a specific amount of UPX to the property owner similar to the board game Monopoly. In Upland each owner can decide how many UPX the visitor needs to pay. Currently, visitor fees might be chosen in range between 20 and 100 UPX per visit (exception: airport terminals). It is important to understand that visitor fees can only be collected once the visitor has achieved the Uplander status or higher. Visitor will pay the fees but it is not possible to collect them as long as they do not upgrade their status. Visitor fees can be set individually for each property and are shown in the top left corner of the property window.
In general players need to visit properties to fulfill certain tasks, for example:
- they want to buy an unminted property nearby and need to bring their block explorer in discovery range
- to search for treasures in treasure hunts
- to participate in Upland or community challenges
- to help new players to accumulate UPX
How to set the Visitor Fee?
The visitor fee can be set in the visitors menu of a property. To go there click on any of your properties which will open the property menu. You will see the current visitor fee in the top left corner (in this example 50 UPX). In the top right you will see a button with three dots “…” that you need to click. This will show you the players that have visited your property. In the bottom of this window you will see a button to “SET YOUR VISITOR UPX FEE“. Afterwards you can choose the visitor fee and also select if you would like to set it individually or equal for all properties. If you buy new properties they will all start with the initial visitor fee (40 UPX), thus you might need to adjust them manually afterwards.
To which Amount should you set the Visitor Fee?
A common visitor fee is set between 20 – 50 UPX. There are players that avoid high visitor fees during treasure hunts and events, so you might not earn many UPX with a high fee. On the opposite if you have a very special property that needs to be visited by players you might set a higher fee to increase your earnings. One example would be airport terminals. Players need to visit airport terminals to fly to another city and the maximum number of flights per day is limited. If there is a high demand for flights you may choose a high fee for the optimal ROI.
How can Visitor Fees be collected?
Visitor fees accumulate in the earnings tab and can be collected the same way how recurring earnings are collected (see above).
Selling Properties with a Margin (aka flipping)
New players are often suggested to flip their properties. Phrased colloquially, this means buying unminted properties and selling them on the marketplace with a markup. To roughly estimate the value of your properties you should investigate the near surrounding and consider the following points:
- Number of unminted properties in the district (high / low / none)
- Costs of other unminted properties nearby
- Collection value (the rarer, the better)
- The real-world counterpart (is there something special in real-life?)
The highest flipping profits can be made in sold out districts. Sometimes it might be the best choice to wait until a district is sold out before you place your property on the marketplace. If lots of players would like to own a property in this district you will be able to negotiate a higher selling price.
Furthermore, look out for Upland and community challenges in the official channels (e.g. Twitter, Discord). In July 2020, there was a cooperative challenge between Upland and the crypto game Blockchain Heroes where the headquarter of Blockchain Heroes was revealed to be located in the Merced Manor district. At the time of the announcement a challenge started where the top 25 players with the most owned properties in Merced Manor will win a special and unique Blockchain Heroes NFT card called Super Miles. The complete district with more than 900 properties was sold within about 30 mins. Everybody was thriving to become a winner. Even players who knew that they cannot win the challenge made very big profits as they bought properties in Merced Manor and sold them with a margin to other players competing for the special Supermiles card. Profits of 100% were easily realizable making the complete event a success for both new and existing players.
Will the Recurrent Earnings ROI always be guaranteed?
It is not guaranteed that the ROI will always be so high as one of the founders (Idan Zuckerman) has already announced that the ROI might be adjusted once the possibility to rent out properties to other players is implemented. You can find these statements below.
Comment of Upland founder on recurrent earnings (click to zoom)
Comment of Upland founder on recurrent earnings (click to zoom)
In case there are unknown terms in this article, please take a look at the glossary, which will be updated regularly. If you have any questions, feel free to message me on Discord.