History of the UXLINK
The history of the UXLINK
project and its associated token, $UXLINK, is tied to the evolution of
Web3 social networking and the trend of integrating crypto activities directly
into familiar Web2 social applications. UXLINK aims to be a decentralized
social infrastructure platform that leverages real-world social networks (like
contacts, Telegram groups, etc.) to drive Web3 mass adoption through a
"Link-to-Earn" model. Here is a breakdown of its history and
dual-token system: Project Launch and Core Concept Project Focus: UXLINK was founded to bridge the gap
between Web2 social graphs and Web3, specifically by turning real-world social
connections into on-chain assets. Key Feature (Telegram
Integration): The platform is notable for using Telegram groups as
its primary user interface, allowing users to form decentralized groups
(UXGroups) and engage in activities without needing deep crypto knowledge.
Link-to-Earn" Model: The core incentive model rewards users
for inviting others and participating in community activities, essentially
monetizing their social network effect. Dual-Token System: $UXLINK$ and $UXUY$
UXLINK operates with a dual-token model to serve different functions within its
ecosystem:
|
Token |
Type |
Primary Role |
Supply |
|
$UXLINK |
Governance Token |
Used for governance (voting), staking rewards,
and as the unified gas fee for protocol access and transactions across
its multi-chain infrastructure. |
Fixed supply of 1 Billion. |
|
$UXUY |
Utility Point / Proof-of-Work Record |
A utility point that users earn through social
activities (Proof-of-Link/Link-to-Earn). It is the primary reward for
community contribution and can unlock future benefits and rewards. |
No pre-minted supply; earned through contribution. |
Key
Milestones and Token Activity While
the exact founding date is not widely publicized, the project gained
significant public traction in 2024 and 2025 through key events:
Early 2024: The project likely launched its initial products,
focusing on the Telegram-based "Link-to-Earn" and community growth.
July 2024: UXLINK announced listings on several major exchanges, a
crucial step that brought the token to a wider audience. The token
sale (IEO) also took place around this time.
Funding: The project successfully raised funds from key investors,
including Binance Labs (who incubated and invested in the associated
UXUY multi-chain trading platform) and others. Late 2025
(Security Incident & Migration): In September 2025, UXLINK experienced
a major security exploit related to a multisig vulnerability. Response:
The team acted quickly, deploying emergency fixes, freezing stolen funds, a migrating
the token contract to a new, secure version on the Ethereum Mainnet
(September 25, 2025). This new contract enforced a fixed supply of 1 billion
$UXLINK$ tokens and disabled mint/burn functions to prevent recurrence. Aftermath:
The team initiated a token swap and compensation program to restore trust and
stability. In summary, the history of $UXLINK$ is defined by its innovative
approach to Web3 social (using Telegram groups) and its rapid growth, which was
challenged by a major security incident in 2025 that led to a critical contract
migration and re-establishment of trust.
Web3sports