UXLINK official X platform announced on July 15 that it will be listed on 8 trading platforms including OKX and Bybit at 4 pm Singapore time on July 18 (Thursday).
What is UXLINK?
UXLINK is the world's largest Web3 social platform and infrastructure, where users and developers can discover, participate, distribute and trade various crypto assets through trust-based social relationships and group models. UXLINK provides users with social mining, social DEX, liquidity staking and other functions, and provides developers with social graph protocols and data authorization. It is a social growth engine and super platform for Dapps.
Project Description
OKX announced the initial launch information of UXLINK, which will be launched at 16:00 on July 18, Beijing time.
HashKey Global launches the fourth mining pool: users holding USDT and UXLINK can participate in mining.
The airdrop query channel has been announced: (reward.uxlink.io), users can link their wallets to query their qualifications.
For detailed airdrop rules and procedures, please visit: blog.uxlink.io/uxlink-governa...
When the market rebounded, the airdrop was quickly announced, OKX was first launched, and HashKey mining was launched, which reflects the industry's recognition of the market recovery and expectations for the project!
project financing
The impressive data performance also attracted the favor of capital. In March this year, UXLINK received investments from several crypto VCs such as OKX Ventures and Matrixport Ventures, with a total financing amount of more than 9 million US dollars. Not long after, UXLINK announced that it had received a new round of financing led by SevenX Ventures, INCE Capital and HashKey Capital, with a financing amount of more than 5 million US dollars. So far, UXLINK's total financing has exceeded 15 million US dollars.
Token Economics
To maximize transparency and fairness, UXLINK adopts a dual-token model to establish a framework for governance and development for its community and ecosystem, including the protocol's native utility token $UXUY and the governance token $UXLINK. $UXUY: As a reward system for the development of the UXLINK community and ecosystem, $UXUY is a key part of Link To Earn, based entirely on a transparent proof-of-link (POL) mechanism with no pre-minting.
$UXLINK: As a governance token, $UXLINK plays a vital role in the UXLINK ecosystem, empowering the community to make decisions and capturing the value of projects and products. The token will be issued soon with a limited total supply of no more than 1,000,000,000.
Token Allocation
UXLINK has developed a robust token supply and distribution strategy, with 65% of tokens allocated to the community, 21.25% to investors, 8.75% to the team, and 5% to the treasury. It is worth noting that of the 65% community share, users account for about 40%, while other types of builders and partners account for about 25%. UXLINK's community distribution strategy is closely tied to the Proof of Work (POW) and Proof of Link (POL) contributions of users and builders. Partner and team tokens are locked for 3 months, followed by a linear release over 2 years, with a gradual release of 12.5% per quarter to promote long-term participation.
Airdrop Rules
Overall distribution and unlock period: TGE generates 1 billion tokens with an initial circulating supply of 17%.
Airdrop ratio: 10% for community airdrop, 3% for liquidity provision, 3% for market activities, and 1% of profits are used to support community ecological development.
Airdrop recipients: 65% to the community, 40% to users, and 25% to developers and partners.
Airdrop rules: The airdrop qualifications are determined based on the user's social contribution score and third-party certification. Airdrop processing for temporarily unqualified users: Users can obtain part or all of the airdrop through self-reporting or appeal.
Airdrop performance data:
AIRDROP2049 will last until May 2, attracting more than 50 well-known Web3 projects to participate. Within three days of the event, it attracted more than 200,000 user visits, and the first batch of projects received more than 30,000 new users after they went online, with 100,000 on-chain interactions. Mark pointed out that UXLINK's goal through this airdrop event is to connect more high-quality projects and more than 100 million Web3 users, fully demonstrating UXLINK's influence in the social field.
Project Summary
For a long time, Web3 social networking has been seeking a balance in the Social + Fi model, and driven by cryptographic consensus, the relationship between social networking and assets is also evolving. The emergence of UXLINK undoubtedly brings a new perspective to the SocialFi track. It is not easy to build a continuously growing Web3 social platform, but UXLINK, which focuses on "acquaintance social networking", has already locked in a new track with growth potential. We expect UXLINK to explore more user recommendation and scale expansion strategies under the premise of clear technical product planning and complete infrastructure optimization, and give Web3 users a better community experience and community ecology.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
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