Bitfinex to List UXLINK Governance Token for Decentralized Social Platform

Bitfinex,
a
premier
digital
asset
trading
platform,
has
announced
that
it
will
be
among
the
first
exchanges
to
list
UXLINK,
the
governance
token
of
UXLINK,
a
decentralized
social
network
platform
and
infrastructure
provider,
according
to

blog.bitfinex.com.

UXLINK:
An
Alternative
to
Centralized
Social
Networks

Launched
in
2023,
UXLINK
aims
to
provide
an
alternative
to
traditional
social
networking
websites
that
centralize
user
data.
UXLINK
integrates
various
user-friendly
decentralized
applications
into
Telegram,
one
of
the
most
popular
messaging
applications.
The
platform
employs
a
dual-token
economics
model,
featuring
on-chain
point
rewards
and
a
separate
governance
token.

Utility
and
Supply
of
UXLINK

The
UXLINK
governance
token
offers
several
utility
options
for
its
holders,
including
facilitating
payments
for
the
use
of
the
platform’s
decentralized
applications,
data,
and
gas
fees.
The
token
has
a
capped
supply
of
no
more
than
1
billion
UXLINK.

Bitfinex’s
Role
in
Web3
Adoption

“In
order
to
become
mainstream,
Web3
needs
to
meet
new
users
where
they
are.
Social
networking
is
an
excellent
way
to
bridge
the
gap
between
Web2
and
Web3
and
onboard
new
users,”
said
Henry
Child,
Head
of
Tokens
at
Bitfinex.
“We
at
Bitfinex
are
thrilled
to
add
the
governance
token
UXLINK
to
our
vast
selection
of
digital
assets.”

Listing
Timeline

Deposits
for
UXLINK
(ERC-20
on
Arbitrum
One)
are
expected
to
open
at
approximately
8:00
AM
UTC
on
17th
July
2024,
subject
to
network
conditions.
Trading
will
commence
at
around
8:00
AM
UTC
on
18th
July
2024,
contingent
upon
liquidity
requirements
being
met.
UXLINK
will
be
tradable
against
US
Dollars
(UXLINK/USD)
and
Tether
tokens
(UXLINK/USDt).

Access
and
Restrictions

To
obtain
access
to
UXLINK
on
Bitfinex,
customers
can
visit

https://www.bitfinex.com/.
It
is
important
to
note
that
U.S.
persons,
among
other
prohibited
persons,
are
strictly
prohibited
from
directly
or
indirectly
holding,
owning,
or
operating
an
account
on
www.bitfinex.com,
as
per
Bitfinex’s
terms
of
service.

About
Bitfinex

Founded
in
2012,
Bitfinex
is
a
digital
token
trading
platform
offering
state-of-the-art
services
for
traders
and
global
liquidity
providers.
The
platform
provides
advanced
trading
features,
charting
tools,
peer-to-peer
financing,
an
OTC
market,
and
margin
trading
for
a
wide
selection
of
digital
tokens.
Bitfinex
focuses
on
unparalleled
support,
tools,
and
innovation
for
experienced
traders
and
liquidity
providers
worldwide.

Image
source:
Shutterstock