Details

What is UX

Tokens

1. What is UX?

Introduction to UXLink Tokens

UXLink is a third-generation SocialFi project that focuses on familiar social scenarios, adopting a dual-token model comprising a utility token, $UXUY, and a governance token, $UXLINK.

Project Features

  1. Dual-token model:

  2. Utility token $UXUY: Primarily used to incentivize community growth and interaction. Users can earn $UXUY by inviting friends and contributing to the ecosystem. As the user base of UXLINK grows, the rate at which users earn $UXUY will decrease exponentially; once the network reaches 30 million users, no new UXUY tokens will be generated.

  3. Governance token $UXLINK: Primarily used for governance and capturing the value generated by UXLINK products. $UXLINK has a fixed supply of 1 billion tokens, with 65% allocated to the community.

  4. Product Architecture:
    The product architecture of UXLink is divided into a basic application layer, protocol service layer, and infrastructure layer, supporting and complementing each other while leaving enough interfaces for external protocol integration. It realizes a social ecosystem that includes traffic entry, social asset trading, and infrastructure.

  5. Airdrop Rules:
    The UXLink token Airdrop rules include Airdrops to active, high-quality users with no lock-up period. It is expected that 1 million people will participate in the distribution.

  6. Value Estimation:
    The total supply of UXLink tokens is 1 billion. According to the release schedule, there will be approximately 5%-10% in initial circulation. Referencing similar projects in the same field, CyberConnect, UXLink's price may be between $0.20 and $0.35.

Summary

UXLink is a project aimed at solving the “people, goods, and scene” problem in the Web3 social landscape. Through a dual-token model and a complex product architecture, it provides a complete social ecosystem. Its Airdrop rules and value estimation offer users opportunities for participation and investment.

2. Who founded UX?

Based on the provided search results, there is no direct information about the founders of TokensUX Chain. These results mainly focus on the price, trading information, and usage of UX Chain without mentioning its founders. Therefore, an accurate answer cannot be provided.

3. Which venture capital firms invested in UX?

Here are some venture capital firms that have invested in Tokens and related projects:

  1. a16z (Andreessen Horowitz): Invested in multiple Tokens projects, including:

  2. PartyDAO: On June 10, 2022, a16z led a $16.4 million financing round for PartyDAO.

  3. Fingerprints DAO: In September 2021, a16z participated in a financing round for Fingerprints.

  4. Dynamic Labs: On December 13, 2023, a16z and Founders Fund jointly led a $13.5 million financing round for Dynamic Labs.

  5. Pimlico: On November 7, 2023, a16z led a $4.2 million seed financing round for Pimlico.

  6. Convex: On July 4, 2022, a16z led a $26 million Series A financing round for Convex.

  7. Sound xyz: On July 12, 2023, a16z led a $20 million financing round for Sound xyz.

  8. Ready Player Me: On August 23, 2022, a16z led a $56 million Series B financing round for Ready Player Me.

  9. Matter Labs (zkSync): On November 16, 2022, Blockchain Capital and Dragonfly jointly led a $200 million Series C financing round for Matter Labs, with participation from a16z and others.

  10. Lightspeed: Invested in the first round of financing for Blockchain.com and in other Tokens projects.

  11. Folius Ventures: Invested in Web3 projects such as STEPN.

  12. Polychain Capital: Invested in Manta Pacific (p0x labs) with a $25 million financing round.

These venture capital firms have made multiple investments in the Tokens and Web3 space, driving the development of these fields.

4. How does UX work?

Operation of UX in Tokens Exchanges

  1. User Interface and Experience:

  2. Simplicity and Navigation: The user interface (UI) and user experience (UX) of Tokens exchanges are crucial. An intuitive and easy-to-use interface can enhance user satisfaction and engagement.

  3. User-Friendliness: Exchanges should provide clear navigation and easy-to-understand features to help users effortlessly trade and manage their assets.

  4. Security Measures:

  5. Two-Factor Authentication (2FA) and SSL Encryption: These security measures protect users' funds and personal information from hacker attacks and data breaches.

  6. Cold Storage: Keeping the majority of user funds in an offline environment further enhances security.

  7. Core Functions:

  8. Real-time Order Book: Provides real-time buy and sell information, helping users make informed trading decisions.

  9. Crypto Wallet: A secure wallet for storing, depositing, and withdrawing is a fundamental function of exchanges.

  10. Education and Guidance:

  11. Onboarding Training and Education: Exchanges should offer clear guidance and educational resources to help new users understand basic concepts and methods of using Tokens.

  12. Trading and Storage: Exchanges should provide detailed information about trading and storing Tokens to help users manage their assets securely.

In summary, the operation of UX in Tokens exchanges mainly involves providing a secure, intuitive, and user-friendly interface and functionalities that assist users in trading and managing assets easily while ensuring security and compliance.

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