Trade UXLINK with Leverage
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UXLINK
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- Intro
UXLink (UXLINK) is a blockchain-based social platform that integrates Web3 technology with social media, fostering an environment where users can connect, build communities, and trade crypto assets.
Originally known as UXUY, the platform rebranded to UXLink in November 2023 to better represent its evolving ecosystem. The platform enables users to manage their social graphs, build connections, and engage with decentralized finance (DeFi) protocols through a model known as "Link-to-Earn”. Users earn points through the "Link-to-Earn" mechanism, which are tied to soulbound tokens within their wallets. These points can be utilized within the UXLink ecosystem, contributing to a user's reputation and trustworthiness.
The development of UXLink was spearheaded by a group of blockchain and Web3 enthusiasts who aimed to create a social infrastructure platform for the decentralized web. The platform has seen rapid growth and adoption since its inception, with strategic partnerships and investments from notable entities such as OKX Ventures, SevenX, and HashKey Capital.
The Social Liquidity Provision (SLP) system is another key feature of UXLink, enabling community and ecosystem developers to pledge various tokens—such as UXLINK, Bitcoin (BTC), Ethereum (ETH), and stablecoins—into liquidity pools. This model offers rewards through a Proof of Stake (PoS) framework, generating profits for both developers and the community. The SLP system provides two distinct liquidity pools: one for growth profits from tokens before the Token Generation Event (TGE) and another for deposit profits.
UXLink's native token, UXLINK, is used for the platform's governance, transaction fees, staking, and ecosystem activities. The token has a fixed supply, making it a deflationary asset as the ecosystem expands. The staking model allows users to earn rewards, thereby incentivizing long-term participation and engagement.