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ROAD TOWN, British Virgin Islands – 16th July, 2024 – Bitfinex (https://www.bitfinex.com), a premier digital asset trading platform, announced today that it would be one of the first exchanges to list UXLINK, the governance token of UXLINK, a decentralised social network platform and infrastructure provider.
Launched in 2023, UXLINK is designed to provide users with an alternative to traditional social networking websites that possess centralised control of user data. As a user-driven social platform, UXLINK features a range of user-friendly decentralised applications that are integrated into Telegram, a popular messaging application. UXLINK employs a dual-token economics model for its platform, which includes the UXLINK community’s on-chain point rewards and a separate governance token.
UXLINK, the UXLINK platform’s governance token, offers holders several additional utility options, including facilitating payments for the usage of the platform’s decentralised applications, data, and gas fees. The tokens have a limited supply of no more than 1 billion UXLINK.
“In order to become mainstream, Web3 needs to meet new users where they are. Social networking is an excellent way to bridge the gap between Web2 and Web3 and onboard new users,” said Henry Child, Head of Tokens at Bitfinex. “We at Bitfinex are thrilled to add the governance token UXLINK to our vast selection of digital assets.”
Deposits for UXLINK (ERC-20 on Arbitrum One) are expected to open at approximately 8:00 AM UTC on 17th July, 2024, subject to network conditions. Trading is planned to commence at approximately 8:00 AM UTC on 18th July, 2024, contingent upon liquidity requirements being met. UXLINK will be tradable against US Dollars (UXLINK/USD) and Tether tokens (UXLINK/USDt).
To obtain access to UXLINK on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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The post Bitfinex Among First Exchanges to List UXLINK, Governance Token of UXLINK Social Platform appeared first on Bitfinex blog.
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