UXLINK Announces $UXLINK Tokenomics, 10% for Airdrop!
2024-07-15
Bittime - UXLINK has announced the $UXLINK token tokenomics. The announcement has been welcomed by the community who have provided a lot of feedback and suggestions. Read this article to find out more!
Initial Distribution and Vesting Period
Source: uxlink.io
The total distribution and vesting period for the $UXLINK token is one billion tokens which will be generated by the Token Generation Event (TGE). At the time of TGE, initial circulating supply was 17%.
Of this amount, 10% will be allocated for airdrops to the community, 3% will be provided for liquidity, 3% for market activity, and 1% will be used for ecosystem development.
Airdrop distribution is aimed at 65% of the community, with 40% allocated to users, and 25% to developers and ecosystem partners. Users included in the airdrop targets are NFT holders UXLINK and community contributors UXLINK who do not yet hold an NFT UXLINK.
UXLINK Airdrop Season One
In the first season of airdrops, airdrop qualifications were determined based on UXLINK social contribution scores, third-party sybil identification, wallet authentication, and partner whitelist authentication. Users with high contributions can receive 100% airdrop.
As for users who do not meet the temporary requirements, they can self-report and receive airdrop compensation of 15%, while the remaining 85% of tokens will be redistributed to eligible community contributors through staking and redistribution.
Usage of $UXLINK Token
The $UXLINK token is a governance token that reflects the value of the project and has voting rights. Developers and partners must pay $UXLINK to use the UXLINK protocol, data, and DApp. Users must also pay $UXLINK as a fee for using UXLINK services.
Additionally, $UXLINK also used as a token in the social ecosystem UXLINK. Token holders will receive benefits from the ecosystem program, and every ecosystem partner must own and use $UXLINK.
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