UXLINK first login The First: Open a new era of Web3 real-world friends social
With the continuous development of blockchain technology and the deepening of the Web3 concept, the social field is experiencing an unprecedented transformation. The First announced that the highly anticipated Web3 social platform UXLINK will be launched on the spot market at 18:00 (UTC + 8) on July 18, 2024. This news undoubtedly brings great expectations and excitement to Web3 enthusiasts.
- What is UXLINK?
In the digital age, people's social relationships have been deeply integrated into the online world. From instant messaging to life sharing, social applications have become an indispensable part of people's daily lives. And real-world friends socializing, as a core variable in the social field, has shown a powerful Network Effect. UXLINK has seized this point and built a vibrant Web3 social platform by allowing users to quickly refer based on their existing real-world friends network.
As a star project in the recent Web3 social field, since its launch in April 2023, UXLINK has rapidly accumulated a huge user base with its unique real-world friends social network referral mechanism and deep social scenes. As of now, UXLINK has 3.40 million registered users, built more than 75,000 group chats, and reached up to 5.90 million users. This achievement not only demonstrates the deep understanding of the UXLINK team in the Web3 social field, but also lays a solid foundation for its future development.
UXLINK's core competitiveness lies in its deep integration of real-world friends social relationships. By providing rich social scenarios and token Incentive Mechanism, it has achieved rapid growth and efficient retention of users. The platform not only provides users with a seamless experience of entering Web3, but also ensures user privacy and asset security through identity authentication technologies such as DID/Profile. In addition, UXLINK has innovatively launched the concept of social "exchange", combining DEX with groups to bring users an unprecedented social and trading experience.
UXLINK ecological advantages
UXLINK's system architecture is divided into three layers: Dapp layer, protocol layer, and infrastructure layer. These three layers together support UXLINK's social ecosystem and provide users with comprehensive services.
- Dapp layer: As the level where users directly interact, the Dapp layer provides core functions and services, including a seamless entry layer into Web3, an identity system based on DID/Profile, and group functions. Users can create Web3 accounts through familiar social applications such as Telegram and WhatsApp, and obtain Web3 identities bound to off-chain identities. At the same time, UXLINK also uses zero-knowledge proof technology to protect user privacy, build self-hosted identities, and privacy-based social relationships.
- Group function: As the core Application Scenario of UXLINK, the group function allows users to create group chats and make referrals based on social graphs. Users can not only share their life dynamics and exchange ideas in group chats, but also earn rewards by participating in group chat activities. In addition, UXLINK also allows users to Mint group IDs to turn social relationship data assets into real ownership.
- Protocol layer and infrastructure layer: As the foundation for supporting the operation of the Dapp layer, the protocol layer and infrastructure layer provide stable and reliable technical support. Through cooperation with blockchain networks such as Arbitrum, UXLINK ensures fast and secure transactions. At the same time, the infrastructure layer also provides key services such as data storage and message transmission, providing strong support for the smooth operation of the entire ecosystem.
III. UXLINK founding team and financing information
UXLINK was founded in 2022 by Shuo Sun and Bao Wu. Up to now, UXLINK has completed two rounds of financing, with a total financing of 14 million US dollars, covering many first-tier institutions and well-known individuals from Europe, America, Asia, and the Middle East.
Led by OKX Ventures in March 2024, with participation from Web3Port, Manifold, UOB Venture, Comma3 Ventures, Cypher Capital, Kucoin Ventures, Gate Labs, Forgame, ECV, Signum Capital, and 7UPDAO. This round of financing focuses on ecological construction based on the RWS protocol. In less than three months, UXLINK announced that it has received a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital, with financing exceeding $5 million and introducing multiple investors.
IV. UXLINK Token Economics
July 15, 2024 UXLINK released the airdrop rules and procedures for its governance token UXLINK in its official blog. The target audience for the airdrop is UXLINK, which adopts a dual-token model. This model aims to incentivize community growth, promote user interaction, and capture product value through two different types of tokens - utility token UXUY and governance token UXLINK.
The main functions of the governance token $UXLINK are as follows: - Governance: $UXLINK is mainly used for the governance of the UXLINK ecosystem, giving holders the right to participate in decision-making and voting, ensuring that the development direction of the ecosystem is in line with the common interests of the community.
- Value Capture: $UXLINK is also used to capture the value generated by UXLINK products, reflecting the overall success and development of the ecosystem through token appreciation.
$UXLINK has a total supply of 1 billion tokens, with an initial circulating supply of 17%, and the overall distribution and vesting period is as follows:
Community Airdrop: 100,000,000 (10%)
Marketing: 30,000,000 (3%)
Liquidity support: 30,000,000 (3%)
Ecological Fund Profit: 10,000,000 (1%)
To be mined: 510,000,000 (51%) will be released after 6 months
Investors: 213,000,000 (21.3%) will be released after 6 months
Team: 87,000,000 (8.7%) released after 9 months
Project development: 20,000,000 (2%) released after 6 months
UXLINK Launches The First
In the past few years, a large number of Social, low-threshold wallets, and DID projects have cleared the obstacles for traditional users to enter Web3 in terms of scenarios, entrances, and other aspects. Recently, with the SEC's BTC ETF, Web3 has once again entered the field of vision of a large number of traditional users. Applications that can seamlessly enter and deeply experience Web3 for traditional users may land in this cycle.
UXLINK has seized the core variable of real-world friends socializing, taking real-world friends socializing as the underlying logic. At the same time, taking advantage of low-threshold infrastructure and the breakthrough of Web3, it has great potential to succeed in this cycle. Through the UXLINK platform, users can participate in more diverse social scenes, share life and exchange ideas with friends from all over the world.
With UXLINK's continuous deepening and expansion in the Web3 social field, its token value has shown strong growth potential, bringing valuable opportunities for asset appreciation to holders. The First's launch of UXLINK undoubtedly provides an excellent opportunity for users to share the dividends of the Web3 era and explore new social experiences.
It is worth mentioning that to celebrate the launch of UXLINK on The First platform, a free UXLINK token red envelope activity has been specially planned. Users can easily click on the activity link to have the opportunity to share 10,000 UXLINK tokens and enjoy additional benefits and surprises.