Bitfinex Lists UXLINK Governance Token for Decentralized Social Platform
Bitfinex, a top digital asset exchange platform, has made an exciting announcement regarding the listing of the UXLINK governance token. This token belongs to UXLINK, a decentralized social networking platform and infrastructure provider.
UXLINK: Revolutionizing Social Networks
Launched in 2023, UXLINK is on a mission to revolutionize traditional social networking platforms by decentralizing user data. The platform seamlessly integrates user-friendly decentralized applications into popular messaging apps like Telegram. UXLINK operates on a dual-token economic system, incorporating on-chain point rewards and a dedicated governance token.
Functionality and Availability of UXLINK
The UXLINK governance token offers various utilities to its holders, such as facilitating payments for decentralized app usage, data, and gas fees on the platform. With a limited supply of up to 1 billion UXLINK tokens, scarcity adds value to the ecosystem.
Bitfinex’s Contribution to Web3 Adoption
Henry Child, Head of Tokens at Bitfinex, emphasizes the importance of integrating Web3 technology into mainstream platforms like social networks. By listing UXLINK’s governance token, Bitfinex aims to bridge the gap between Web2 and Web3, attracting new users to the decentralized space.
Timeline for Listing UXLINK
Deposits for UXLINK (ERC-20 on Arbitrum One) will open around 8:00 AM UTC on July 17, 2024, subject to network conditions. Trading is set to kick off at the same time on July 18, 2024, pending liquidity requirements. UXLINK pairs will be available for trading against USD and USDT on Bitfinex.
Access and Regulations
Interested customers can access UXLINK on Bitfinex by visiting their official website. However, it’s crucial to note that certain individuals, including U.S. residents, are prohibited from owning accounts on Bitfinex as per their terms of service.
About Bitfinex
Established in 2012, Bitfinex has been a trailblazer in the digital token trading space. With cutting-edge services for traders and liquidity providers worldwide, Bitfinex offers advanced trading features, charting tools, peer-to-peer financing, OTC markets, and margin trading for various digital assets.
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