From user growth to market expectations: UXLINK's project analysis

I. Project introduction

 

UXLink is a pioneering Web3 social system designed for large-scale adoption, allowing users to build social assets and trade cryptocurrency. The platform includes a series of highly modular decentralized applications (Dapps), covering all aspects from entry to graphic formation, group tools to social trading, all seamlessly integrated into Telegram. In this way, UXLink provides users with a comprehensive social and trading platform, simplifying the use and interaction of cryptocurrency.

 

UXLINK uses Proof of Link (PoL) to motivate users to invite real-world friends and achieve growth. With familiar social features, relationship building, and monetization, new users can obtain a friendly Web3 social experience with extremely low barriers to entry, ultimately helping to promote the large-scale adoption of Web3.

II. Project highlights

 

The main goal of UXLink is to simplify User Experience and enable more people to easily enter and use the cryptocurrency field. Its project highlights include:

 

1. Emphasize real-world friends social interaction. Interact and trade through the real-world friends network to improve the credibility and security of interaction. The platform is designed to promote deep interaction, allowing users to communicate and collaborate more closely through the real-world friends network. This real-world friends social model not only enhances the security of User Experience, but also enhances the trust and quality of interaction between users.

 

2. Seamless integration with Telegram. All UXLink features are seamlessly integrated with the Telegram platform, allowing users to use various Dapps without leaving their familiar social environment. Users can directly manage groups, interact socially, and conduct transactions in Telegram, improving efficiency. In this way, UXLink provides a convenient and efficient social interaction platform.

 

3. Social asset construction. UXLink helps users establish and manage their social assets, enhancing the value of social relationships through various social tools and interaction methods. Users can not only build social assets, but also use them for transactions to realize the monetization of social value. This model enhances the user's interaction experience on the platform and also increases the actual income of users in the social network.

 

4. Modularization decentralized applications (Dapps). UXLink provides a range of decentralized applications (Dapps) for Modularization, covering from beginner tools to advanced graph generation, group management tools, and social trading functions, to meet the needs of different users. Users can choose and combine different modules according to their needs to create personalized social and trading experiences. This highly flexible design makes UXLink an adaptable and feature-rich platform.

 

III. Market value expectations

 

Socializing is a basic need for everyone and a necessary path for Web3 to achieve large-scale application. UXLink has built a new Social Infrastructure by leveraging the real-world friends relationship chain and social communication mechanism, making it possible to create a new generation of Web3 social products with a large user base, high-density connections, and diverse interactions.

 

According to the media and the official website, UXLink has more than 14 million registered users, more than 1 million Daily Active Users, and more than 110,000 groups. Through the private domain social, real-world friends new user acquisition and Telegram group chat dissemination mode, UXLink has quickly become one of the blockchain social platforms with the highest user engagement rate at present. These factors make the future of UXLink very optimistic. The current initial circulation market value is only $20 million. It is expected that with the continuous increase of the number of project registrations in the future, the circulation market value will maintain a linear increase, and it may have the potential to lead the social sector.

IV. Economic model

 

The total published volume of UXLINK is 1,000,000,000, and the initial circulation is 100,000,000 (10%, airdrop accounts for 4%). The TGE price is 0.2 dollars, and the initial circulation market value is 20M US dollars

 

The specific token allocation is as follows:

 

Users (40%): 40% of the total amount is allocated to users, with 3% to 5% released during TGE, gradually released according to the number of users.

 

Partner (25%): 25% of the total amount is allocated to partners, and 1% to 3% is released during TGE, gradually released according to the number of users. Partners need to earn token rewards by completing tasks, which ensures their active participation and support for the platform.

 

Treasury (5%): 5% of the total amount is used for project treasury, which is not released during TGE. The specific release rules are not clearly stated. Treasury funds are mainly used to support the long-term development and operation of the project, providing funding guarantees for the platform's continuous innovation and growth.

 

Team (8.7%): 8.7% of the total amount is allocated to the team, which is not released during TGE and has a 6-month lock-up period (Cliff), which is then released quarterly within 2 years. This Incentive Mechanism ensures the long-term commitment and contribution of the team, while preventing the concentrated selling of tokens from impacting the market.

 

Private placement and investors (21.3%): 21.3% of the total amount is allocated to private placement and investors, with a 3-month lock-up period (Cliff), which is then released quarterly within 2 years. Through the lock-up period and phased release, the interests of investors are protected, while balancing the supply and demand relationship in the market and maintaining the stability of token prices.

 

UXLink releases tokens through the completion of tasks (Mining) to encourage users and partners to actively participate in platform construction. At the same time, the treasury funds provide stable financial support for the long-term operation of the project, and the lock-up mechanism of the team and investors ensures long-term benefits and market stability.

 

V. Team and financing

 

The UXLink team is composed of a group of experts with rich experience in the fields of blockchain and User Experience. Project founder and CEO Sean and co-founder and CTO Bob Ng have played key roles in multiple successful blockchain projects. The team has extensive professional knowledge in technology development, product design, and marketing activities.

 

In terms of financing, UXLink has completed multiple rounds of financing, raising a total of $15 million. In March 2024, UXLink raised $9 million in a financing round led by OKX Ventures and Matrixport Ventures. Subsequently, in May 2024, it raised another $6 million in a financing round led by SevenX Ventures and HashKey Capital. These funds will be used to expand the technology team, strengthen marketing activities, and enhance platform functionality to ensure that UXLink maintains its leading position in the fiercely competitive blockchain field.