Web3 social platform UXLINK was listed by Upbit, South Korea’s largest cryptocurrency exchange. After the listing, there was a significant increase in the UXLINK price. The token market value, which was $25 million before the news, reached $70 million with an increase of 170%.
At the time of writing, the price is trading at about $0.30 with a 100% increase in the last 24 hours. The listing was made in Bitcoin, USDT and Korean Won parities.
What does UXLINK aim for?
UXLINK, a social Web3 project, aims to be the world’s largest platform in this sense. The system, which acts as a bridge between Web3 and Web2, provides interaction not only through follow-up but also through crypto transactions.
On the other hand, the system, which is integrated into many applications such as Telegram, wants to appeal to crowds in this sense by solving the problem of trust.
With only 170 million of the total supply of 1 billion units currently in circulation, the project also has a double-sided token-economy…
In the project, which has two tokens, UXUY (usage token or points) and UXLINK (governance token), the distribution of UXLINK, the main token, is as follows:
- Community: 65%
- Private Sale: 21.25% (Project partners, investors)
- Team: 8.75% (Founders and contracted employees)
- Treasury: 5% (Liquidity and project management)