Today we continue to talk about a SocialFi-related project. On May 3, UXLINK launched its first airdrop activity with the theme of "In UXLINK We Trust". The airdrop is divided into 4 different levels according to the performance of Odyssey and contribution to the UXLINK community, and 4 sets of themed NFTs, LINK, TRUST, FRENS, and MOON, are issued. About 500,000 people have received UXLINK's governance token $UXLINK, which is also a relatively large airdrop. At present, there are many places with his airdrop guides, and you can also go and see it. Then let's take a closer look at the situation of this project. 1. Introduction UXLink is the largest Web3 social infrastructure project based on the Telegram ecosystem. It was launched in April last year and has linked more than 7.5 million users. It has also received investments from ZhenFeng, Sequoia, and GGV. UXLink uses the community of Telegram's real social information as a social scene, and has a series of community management modular services to establish an efficient, safe, fast, and highly free chain-based acquaintance social product for WEB3 users. Users can use UXLink's community management tools according to their preferences to achieve diversified community business scenarios. According to the description on the official website, the number of group members has exceeded 8.5 million, and the total number of groups exceeds 100,000+.
2. Main Features and Functionality - UX Dapps
2.1UX Services:
- UX Invite: UX Invite is a lightweight decentralized application that allows users to build a social graph on the chain.
- UX Wallet: Based on MPC (Multi-Party Computation) and will be enhanced by account abstraction technology. Key advantages include private key social recovery, custody, and automatic execution to better balance security and simplicity.
- UX DID/Profile (SBT): Users can create Web3 accounts through Telegram, WhatsApp, etc., lowering the barrier for users to enter Web3. Web3 DID reflects and captures users' existing real-world connections, thereby reflecting the credibility of the real world. Through zero-knowledge proof (ZK) technology, users own and use their self-sovereign identities (SSI) and social relationships while protecting privacy.
2.2 Group-owned services (UXGroup):
- Crypto Social Groups: A revolutionary move to standardize groups as Web3 operating units, making groups the focal point of Web3 applications.
- AI Group Toolkit: Includes group resources and data sharing solutions to empower real groups and leaders.
- GGraph: mint group IDs and graphs to build group-level social networks on-chain.
- GWallet: Transparently manage group networks.
- GPass: Capture the benefits of the group.
2.3 UX Social DEX:
- UX-Swap: Trade cryptocurrencies.
- UX-IDO (under development).
- UX-Lending (under development).
2.4UXLINK Protocol: Developer Center
The UXLINK protocol is primarily for developers and currently runs on the Arbitrum chain, ensuring secure and cost-effective technical services for UXLINK. In the future, UXLINK will continue to be released on other chains to support multiple chains.
2.5 Other dynamic Dapps under development
- AI GroupKit Bot: A decentralized AI application for individuals and projects to build and manage communities. This bot works on Telegram.
- AI Assistant: Quickly search online encrypted information and provide users with AI data.
- UX Interactive: A social interactive application for users to socially interact with Web3 on various topics, including Web3 financial topics, personal and group interactions, just like playing games.
3. Project Features - link to earn
At the same time, UXLink also launched its first business scenario "Link-to-earn". In the UXLink community, users can get UXLink's ecological incentives by sharing the invitation link of "Join UXLink's TG community". Through Link-to-earn, users can quickly build their own social network, capture their own social value, and thus measure their KOL (Key Opinion Leader) value. In UXLink, everyone can realize their own social network, and everyone can become a KOL.
Link-to-earn
Users who join UXLink's community through any UXLink TG community invitation link and start the registration BOT in the community will receive an Arbitrum on-chain wallet and a portion of $UXUY points (invited points). Users who share UXLINK's community invitation link and successfully invite one person to join the community and start the registration BOT will receive more $UXUY points.
Currently, UXLink has launched the Odyssey event. Not only can you get $UXUY points through the invitation link, but you can also earn $UXUY points by completing tasks, casting SBT with exclusive social relationships on the chain, and building your own TG community. The points will be linked to the amount of UXLink's airdrop. In the future, UXLink will also open seasons for invitational and community activities, and there will be additional season points rewards.
4. System Architecture
UXLINK pioneered the creation of a "RWS" (Real World Social) system architecture to build the foundation for exponential growth. The system's comprehensive architecture consists of three key layers:
1. Infrastructure layer: To support large-scale adoption scenarios, technical issues of low cost, high TPS and high availability must be solved. UXLINK adopts a hybrid scalable architecture (EVM+IPFS+cloud), storing identity and relationship data on the chain, and processing complex business scenario data off-chain to facilitate applications that utilize this infrastructure layer. It runs on EVM-compatible chains such as Ethereum Mainnet, Arbitrum, BNB Chain, Polygon and Base, and provides decentralized storage and centralized data indexing services.
2. Protocol Service Layer: Provides efficient tools for Web3 developers to manage user social identity and relationship data services through APIs tailored for on-chain and off-chain systems.
3. Basic application layer: Provide basic product services such as growth fission and group functions for ecological applications. This layer uses MPC-TSS (multi-party computing, threshold signature scheme) wallet account services and group-based EOA account services.
In addition, UXLINK's other core AWC protocol can handle on-chain identity and asset relationships, help developers better understand users, and assist AI models in behavioral analysis and recommendations. Unlike other social infrastructure projects that emphasize one-way relationships, UXLINK emphasizes two-way social connections based on acquaintances, similar to the distinction between the social structures of Weibo and WeChat, to build a true acquaintance social network.
5. Financing
In March of this year, UXLINK completed a new round of financing, raising a total of more than US$9 million. This round of financing was led by OKX Ventures, and participating investors included UOB Venture, an investment company under United Overseas Bank, Cypher Capital, a UAE crypto investment venture capital company that has invested tens of millions of dollars in the TON ecosystem, as well as Web3Port, Comma3 Ventures, Kucoin Ventures, Gate Labs, Forgame, ECV, Manifold, Signum Capital and 7UPDAO and other well-known institutions.
6. Token Economy
Dual Token Model: Utility Token UXUY and Governance Token UXLINK
UXUY is a reward system for the development of the UXLINK community and ecosystem, and a key part of Link To Earn, which is completely based on a transparent proof-of-link (POL) mechanism with no pre-minting. Users can earn UXUY by inviting others or contributing to the ecosystem, and store it in an Ethereum-compatible wallet. Key variables that affect the reduction of tokens include time, the number of connections to a single node, and the total number of users across the UXLINK network. Over time and as the UXLINK network expands, the UXUY earned by users will decrease exponentially. Therefore, users who enter the UXLINK network later will receive less UXUY, which emphasizes the scarcity and value of early participation.
$UXLINK plays a vital role in the UXLINK ecosystem. As a governance token, it empowers the community with decision-making power and captures the value of the project and products.
The token will be issued soon with a limited total supply of no more than 1,000,000,000. $UXLINK tokens. UXLINK has established a robust token supply and distribution strategy, with 65% of its tokens allocated to the community, 21.25% to investors, 8.75% to the team, and 5% to the treasury. It is worth noting that of the 65% community share, users account for approximately 40%, while all other types of builders and partners account for approximately 25%.
The token issuance schedule varies for different entities. After $UXLINK is listed, the community will airdrop it to active users, builders, and partners every month. It is worth noting that once airdropped, there is no lock-up period and it can be obtained immediately. UXLINK's community distribution strategy is closely related to the Proof of Work (POW) and Proof of Link (POL) contributions of users and builders. Partner and team tokens are locked for 3 months, followed by a linear quarterly release for 2 years, and a gradual release of 12.5% per quarter for 8 consecutive quarters to promote long-term participation.
Finally, let me summarize this project. Currently, there are airdrop tasks for this project in many places. For example, you can check in in the bian wallet (the task is very simple, and you can get 200+ tokens by checking in for 7 days). It has also received investment from many large exchanges. Judging from the data on the official website, it is still quite good. This user volume is already very good in the social application of web3. The social apps mentioned before, such as cyber, only have 2 million users, and Farcaster has only hundreds of thousands. So from the data level, this project is not bad. There is no coin yet, so you can do more tasks.
