Modern Australian
Men's Weekly

.

UXLINK Surpasses 10 Million Users: A Historic Milestone in Blockchain and SocialFi

In-Depth with Bob Ng, CTO of UXLINK: Unveiling the Data Innovations Powering UXLINK’s Success

SINGAPORE - Media OutReach Newswire - 12 June 2024 - UXLINK has surpassed 10 million registered users, solidifying its leadership in blockchain and SocialFi.

This milestone, announced on their website and Twitter, makes UXLINK the first in these sectors to reach such a user base. Chief Technology Officer, Bob Ng shared insights into the platform's user metrics and measurement criteria.

UXLINK Surpasses 10 Million Users: A Historic Milestone in Blockchain and SocialFi

Emphasizing Genuine User Engagement Over Unique Wallet Addresses to Foster True Social Interaction

Unlike most blockchain projects that measure success by unique wallet addresses, UXLINK prioritizes "registered users" to foster true social interaction. This approach addresses two key issues: the prevalence of invalid or sybil wallet addresses and the need for genuine user connections. UXLINK's registration involves three stages: invitation-based registration, human interaction verification, and product usage.

This method results in a registered user count that is less than the number of unique wallet addresses. UXLINK currently has over 10 million registered users linked to 15 million wallet addresses. Each user may have multiple wallets, and UXLINK provides MPC wallets for Web2 users transitioning to Web3.

UXLINK rejects sybil accounts and invalid wallet addresses to maintain data integrity, while respecting user privacy. Users may have wallets without social media accounts, and UXLINK ensures they receive exemplary service. Facilitating mass adoption through social interaction remains UXLINK's mission.

Understanding UXUY Holders and Their Future Dynamics in UXLINK's Ecosystem

UXLINK introduces UXUY holders, highlighting a unique Proof of Work (POW) score mechanism to boost community growth and interaction. UXUY, a non-transferable on-chain POW score, is generated through transparent community-driven mining, with no reserves or pre-minting.

To be a UXUY Holder, users must:

    1. Have wallets registered with UXLINK.
    2. Contribute to community-defined POW activities.
    3. Claim their UXUY on-chain.
Currently, UXLINK has 5 million UXUY holders, all community contributors, and potential governance token holders. This number is expected to grow, potentially reaching over 30 million, at which point UXUY mining will cease, fostering a positive network effect. However, the number may decrease if holders exchange UXUY for other assets like NFTs or governance tokens.

This initiative underscores UXLINK's commitment to creating a dynamic, engaged community through transparent, incentivized interactions, revolutionizing the blockchain and SocialFi landscapes.

Understanding UXLINK Holders and Their Criteria

UXLINK has defined criteria for token holders, focusing on community contribution, on-chain interaction, and assets held in wallets.

Pre-Token Generation Event (TGE): Before the TGE, UXUY holders exchanged UXUY for NFTs, which acted as airdrop vouchers. Holders received $UXLINK based on NFT levels and quantities. Additionally, a "Sybil Burning" process ensured authenticity, making NFT holders equivalent to token holders.

Post-TGE: After the TGE, holders include all legitimate participants, including those purchasing tokens and contributing to the community.

Current Holder Statistics: UXLINK has approximately 1,600,000 eligible holders, with numbers expected to fluctuate due to liquidity releases and community contributions.

Implementing Anti-Sybil Measures to Ensure a Genuine and High-Quality Community

UXLINK uses a three-step strategy to maintain a genuine community:

    1. Identifying and excluding false wallet addresses.
    2. Reclaiming rewards from inactive accounts and redistributing them.
    3. Conducting pre-TGE anti-sybil measures to reinvest reclaimed rewards.
These measures underscore UXLINK's commitment to a transparent and robust system for identifying and rewarding genuine participants.

UXLINK vs. NOTCOIN: A Comparative Perspective

UXLINK, a social platform, and NOTCOIN, a game, both aim for mass adoption but differ in user engagement and on-chain metrics. Although NOTCOIN has a larger user base, UXLINK excels in on-chain activity and user retention.

Key Differences:

    1. Depth of Interaction: UXLINK's activities foster deeper engagement compared to NOTCOIN's simpler Tap-to-Earn model.
    2. User Stickiness: UXLINK's retention is bolstered by real-world social connections and group activities.
    3. Quality of User Base: UXLINK's rigorous anti-whale measures ensure a higher-quality user base.
UXLINK surpasses NOTCOIN in daily and monthly active users and user-to-holder ratios. Both platforms exemplify effective transitions from web2 to web3, with UXLINK open to future collaborations.

A Vision for the Future: UXLINK CTO Bob Ng's Commitment

Bob articulates a compelling vision for the platform's future, "Returning to our essence, our goal is to establish trust through familiar social connections while serving as the social platform for users and the infrastructure for service developers. In the future, we will collaborate with ecosystem partners to create a socialized layer for asset generation, flow, and distribution. This will enable users to trust, safely, and easily utilize various applications without the need for complex cross-chain interactions, allowing them to benefit from their own social assets. Moreover, we aim to empower developers to fully leverage our protocols, social relationships, and data to significantly enhance development efficiency and growth quality through modularized products and interfaces."

Hashtag: #UXLINK

The issuer is solely responsible for the content of this announcement.

The Role of Packaging Manufacturers in Reducing Supply Chain Costs

In today’s fast-paced logistics and distribution landscape, businesses are under constant pressure to optimise operations and reduce expenses. One...

Customising Roller Shutters for Warehouses, Factories, and Logistics Hubs

In today’s fast-paced industrial and commercial environments, security, functionality, and efficiency are paramount. Whether you manage a busy log...

Top Fire Hazards in Commercial Buildings and How to Avoid Them

When it comes to protecting lives, assets, and business continuity, fire safety should be at the forefront of every commercial property owner’s ri...

Refillable Bottles and the Role of Reusable Caps in a Sustainable Packaging Future

As industries across the globe strive to reduce environmental impact, refillable bottles and reusable caps are emerging as champions of sustainable ...

The Comprehensive Guide to Physiotherapy: Benefits & Techniques

It employs hands-on care, movement and advice to aid recovery and prevent further issues. Individuals of all stages of life utilize physiotherapy for ...

What Can Be Funded by the NDIS? A Guide to Approved Supports

The National Disability Insurance Scheme (NDIS) is designed to empower Australians with disability by providing funding for supports that improve in...

10 Desserts That Aren’t Complete Without a Dollop of Whipped Cream

There’s something undeniably luxurious about a generous dollop of freshly whipped cream. Light, fluffy, and subtly sweet, it has the power to tran...

Why Personalised Ornaments Make the Perfect Christmas Gift

In a season brimming with sentiment and tradition, gift-giving is one of the most cherished ways to show we care. And while store-bought items can b...

What Causes Depression? Biological, Psychological, and Social Triggers Explained

Depression is a complex mental health condition that can impact every aspect of a person’s life—from sleep and energy levels to relationships an...

Brisbane Road Accident Lawyers and Bus Accident Compensation

Navigating the aftermath of a road accident in Brisbane, especially one involving a bus, can be a daunting experience. Whether you’re a passenger...

Freezer Room Hire in Perth: The Ultimate Solution for Reliable Cold Storage

Ever found yourself in a cold storage crisis and wondering how to save your perishables before they go bad?   Well, this isn't something new. Pe...

Why Exterior Window Cleaning Is More Than Just Aesthetic

Most people see window cleaning as a finishing touch. Something you do before guests come over or when the smudges finally start to annoy you. It is...

How Duct Inspections Can Save You Money Long-Term

Ever noticed your energy bill creeping up without changing your habits? It is more common than you might think, especially in Melbourne homes where ...

Designing Secure Content APIs in Headless CMS Environments

APIs are what enable content to be delivered from a headless CMS to anywhere digital content can exist from websites and apps to IoT and more. Yet whi...

How to Choose the Right First Aid Kit for Your Workplace

Ever walked past your workplace first aid kit and wondered if that dusty box actually contains what you'd need in a real emergency? We know that fee...

The Role of Mining Equipment Suppliers in the Industry

Mining is one of the most essential industries, driving the global economy by providing raw materials for manufacturing, energy production, and infr...

From White Belt To Warrior: How To Train Your Body For BJJ Endurance

Brazilian Jiu-Jitsu (BJJ) is as much a mental chess match as it is a physical grind. Whether you’re new to the mats or prepping for high-level com...

Driving After Brain Injury: Common Challenges and How To Overcome Them.

Suffering a traumatic brain injury (TBI) can drastically influence a person's ability to drive safely. For many, driving represents independence, bu...