I would just like it if someone can confirm if my reasoning is correct. Firstly, I proposed that the set had an upper bound of 1 and proved it was true by induction. Then, I supposed that this was not the supremum of the set and hence there must exist another upper bound $1-x < 1$ for this statement to hold. So:
We have $1-x < 1$ and $0 < x < 1$ [clearly $\frac{1}{2}$ is in the set, so, $1-x > 0$ must be true]
$\implies \exists$ $n > \frac{1}{x}$ (such $n \in \mathbb{N}$ exists by the Archimedean Property)
$ \implies -x < - \frac{1}{n}$
$ \implies 1 - x < 1 - \frac{1}{n}$
$ \implies 1 - x < \frac{n}{n} - \frac{1}{n}$
$ \implies 1 - x < \frac{n-1}{n}$
However, this is a contradiction as it has shown that $1-x$ is smaller than some element in the set and so it is not an upper bound. Thus, can I now conclude that 1 is the supremum of the set?