Understanding UXLINK (UXLINK): A New Era of Social Interaction in Web3

The
UXLINK
project,
as
reported
by

blog.bitfinex.com,
is
an
innovative
initiative
designed
to
enhance
social
interaction
within
the
Web3
space.
At
its
core,
UXLINK
aims
to
merge
real-world
social
connections
with
the
decentralized
ethos
of
blockchain,
creating
a
platform
where
users
can
interact,
trade,
and
form
communities
in
a
secure
and
transparent
manner.

Advancing
Social
Interaction
in
Web3

UXLINK
introduces
a
dual-token
economic
model
and
a
suite
of
Decentralized
Applications
(DApps)
to
provide
a
seamless
user
experience
while
maintaining
the
principles
of
user
sovereignty
and
data
ownership.
One
of
the
standout
features
of
UXLINK
is
its
focus
on
creating
two-way,
real-time
social
interactions,
unlike
traditional
one-way
social
media
models.
Users
can
mint
groups,
explore
and
trade
with
friends,
and
manage
their
networks
using
tools
such
as
the
MPC-AA
Wallet
and
SBT
(Soulbound
Tokens)
for
Web3
identity
and
social
graphing.
This
ensures
that
users
have
full
control
over
their
data
and
interactions,
fostering
a
more
trustful
and
engaging
environment.

Security
and
Transparency

The
UXLINK
ecosystem
is
built
on
a
foundation
of
security
and
transparency.
The
platform
has
undergone
rigorous
audits
by
Peckshield
to
ensure
the
integrity
and
safety
of
its
smart
contracts.
Additionally,
UXLINK
offers
a
variety
of
DApps,
including
UX
Wallet,
UX
SBT,
and
AI-powered
GroupKits,
enabling
users
to
manage
their
networks
and
interactions
with
ease.
The
AI
GroupKits,
in
particular,
empower
users
to
handle
their
groups
and
followers
efficiently,
further
enhancing
the
user
experience.

Future
Prospects

Looking
ahead,
UXLINK
plans
to
expand
its
capabilities
through
the
open
availability
of
SDKs
and
API
interfaces,
encouraging
large-scale
application
development.
By
positioning
groups
as
operational
units
within
the
Web3
framework,
UXLINK
aims
to
become
a
central
hub
for
social
and
virtual
interactions,
bridging
the
gap
between
Web2
and
Web3.
This
innovative
approach
is
expected
to
drive
mass
adoption
of
blockchain
technology,
offering
users
and
developers
alike
a
robust
platform
for
building
and
managing
social
networks
in
a
decentralized
world.

The
UXLINK
Token

The
UXLINK
token
is
a
central
component
of
the
UXLINK
ecosystem,
serving
both
utility
and
governance
functions
within
this
innovative
Web3
social
platform.
The
token
is
divided
into
two
distinct
types:
UXUY
and
UXLINK,
each
playing
a
specific
role
in
enhancing
user
engagement
and
ensuring
the
smooth
operation
of
the
platform.
UXUY
tokens
are
designed
primarily
for
utility
within
the
ecosystem,
rewarding
users
for
their
participation
and
contributions.
In
contrast,
UXLINK
tokens
are
governance
tokens
that
empower
holders
with
decision-making
capabilities
and
access
to
benefits
derived
from
the
platform’s
growth
and
success.

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
join
the
network
or
by
actively
participating
in
the
ecosystem.
This
token
incentivizes
users
to
expand
the
network
and
contribute
to
its
vibrancy.
UXUY
tokens
can
be
used
to
pay
for
various
services
within
the
platform,
including
transaction
fees,
social
interactions,
and
other
in-platform
activities.
Additionally,
UXUY
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
the
governance
token
of
the
ecosystem.
Holders
of
UXLINK
tokens
gain
voting
rights
on
important
platform
decisions,
such
as
protocol
upgrades,
fee
structures,
and
community
proposals.
This
governance
model
ensures
that
the
platform
remains
decentralized
and
user-driven,
with
decisions
reflecting
the
collective
will
of
the
community.
The
distribution
of
UXLINK
tokens
is
carefully
planned,
with
allocations
for
community
members,
developers,
partners,
and
the
project
team,
promoting
a
balanced
and
sustainable
ecosystem.

UXLINK
Tokenomics

UXLINK
has
a
total
supply
of
1,000,000,000
tokens,
allocated
in
a
manner
designed
to
boost
community
participation
and
secure
the
project’s
sustainability.
The
largest
portion,
65%,
is
dedicated
to
the
community,
encompassing
users
who
hold
UXLINK
utility
tokens
as
well
as
contributors
to
UXLINK
projects
and
the
ecosystem.
Of
this
community
share,
around
40%
is
specifically
for
users,
with
the
remaining
25%
allocated
to
builders
and
partners.

In
addition
to
the
community
allocation,
21.25%
of
the
tokens
are
reserved
for
the
project’s
partners
through
a
private
sale.
The
team,
including
co-founders
and
contracted
employees,
receives
8.75%
of
the
total
supply.
Lastly,
5%
of
the
tokens
are
set
aside
for
liquidity
and
project
management
purposes,
ensuring
the
smooth
operation
and
ongoing
development
of
the
platform.

Image
source:
Shutterstock