July 18th What is UXLINK(UXLINK)?
Education, Tokens
The UXLINK project is an initiative designed to advance social interaction in the Web3 space by leveraging Web3. The core of UXLINK is to combine real-world social connections with the decentralized spirit of blockchain to create a platform where users can interact, transact, and form communities in a secure and transparent manner. The project introduces a dual token economic model and a suite of decentralized applications (DApps) to facilitate a seamless user experience while maintaining the principles of user sovereignty and data ownership.
One of UXLINK’s standout features is its focus on creating two-way, real-time social interactions, moving away from the traditional one-way social media model. Users can create groups, explore and trade with friends, and manage their network through innovative tools such as the MPC-AA Wallet and Soulbound Tokens (SBT) for Web3 ID and social graph. This approach not only enhances the social experience, but also gives users complete control over their data and interactions, creating a more trustworthy and engaging environment.
The UXLINK ecosystem is built on security and transparency. The platform has undergone rigorous audits by Peckshield to ensure the integrity and safety of smart contracts. UXLINK also provides various DApps such as UX Wallet, UX SBT, and AI-based GroupKits to help users easily manage their network and interactions. In particular, the introduction of AI GroupKits allows users to efficiently handle groups and followers, further enhancing the user experience.
In the future, UXLINK plans to expand its capabilities through open availability of SDK and API interfaces to encourage large-scale application development. UXLINK aims to be a central hub for social and virtual interactions and bridge the gap between Web2 and Web3 by placing groups as operational units within the Web3 framework. This innovative approach is expected to accelerate the mass adoption of blockchain technology, providing users and developers a powerful platform to build and manage social networks in a decentralized world.
What is a UXLINK token?
The UXLINK token is a core component of the UXLINK ecosystem, providing both utility and governance functions within this innovative Web3 social platform. The tokens are divided into two types, UXUY and UXLINK, each of which plays a specific role in enhancing user engagement and ensuring the smooth operation of the platform. The UXUY token is primarily designed for utility within the ecosystem, rewarding users for their participation and contributions. The UXLINK token, on the other hand, is a governance token that provides holders with decision-making power and access to the benefits derived from the growth and success of the platform.
UXUY, the utility token of UXLINK, is earned through a transparent proof of link (POL) mechanism. Users can accumulate UXUY tokens by inviting others to the network or actively participating in the ecosystem. This token incentivizes users to expand the network and contribute to its vitality. UXUY tokens can be used to pay for various services within the platform, including transaction fees, social interactions, and other activities within the platform. UXUY also has a burn mechanism to maintain its value and scarcity, ensuring that the token supply remains controlled and deflationary over time.
On the other hand, the UXLINK token functions as a governance token for the ecosystem. UXLINK token holders gain voting rights on important platform decisions such as protocol upgrades, fee structures, and community proposals. This governance model ensures that the platform is decentralized and user-centric, and that decisions reflect the collective will of the community. The distribution of UXLINK tokens is carefully planned and allocated to community members, developers, partners, and project teams to promote a balanced and sustainable ecosystem.
The UXLINK token economics are designed to encourage long-term growth and community engagement. The total supply of UXLINK tokens is capped at 1 billion, with a structured release schedule to ensure gradual distribution and prevent market flooding. This token model not only supports the day-to-day operations of the platform, but also provides a framework for future expansion and development. UXLINK aims to create a dynamic, user-centric environment where participants are rewarded for their contributions and have a say in the evolution of the platform by combining utility and governance tokens.
UXLINK Token Economics
UXLINK will supply a total of 1,000,000,000 tokens, which will be allocated in a way designed to encourage community participation and ensure the sustainability of the project. The largest portion, 65%, will be dedicated to the community, including users who hold UXLINK utility tokens and those who contribute to the UXLINK project and ecosystem. Of this community share, approximately 40% will be reserved specifically for users, and the remaining 25% will be allocated to builders and partners.
In addition to the community allocation, 21.25% of the tokens are reserved for project partners through a private sale. The team, including co-founders and contract staff, will receive 8.75% of the total supply. Finally, 5% of the tokens are set aside for liquidity and project management purposes to ensure smooth operation and continued development of the platform.
How to buy UXLINK with cryptocurrency
1. Log in to your Bitfinex account or sign up to create an account.
2. Go to the deposit page.
3. In the Cryptocurrency section, select the cryptocurrency you want to purchase UXLINK with and generate a deposit address in your exchange wallet.
4. Send cryptocurrency to the generated deposit address.
5. Once the funds arrive in your wallet, you can trade UXLINK. Learn how to trade on Bitfinex here.
How to buy UXLINK with Fiat
1. Log in to your Bitfinex account or sign up to create an account.
2. To deposit fiat currency into your Bitfinex account, you must be fully verified. Learn about the different verification levels here.
3. On the Deposit page, select the fiat currency you wish to deposit under the Bank Wire menu. Bitfinex has a minimum amount for fiat currency deposits. For more information, see here.
4. Check your email registered with Bitfinex to confirm your remittance details.
5. Send the funds.
6. Once the funds arrive in your wallet, you can use them to purchase UXLINK.
Bitfinex is also available on mobile, allowing you to easily purchase UXLINK currency on the go.
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UXLINK Community Channel
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