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UX LINK has announced a historic milestone, exceeding 10 million registered users, consolidating its position as a leader in the blockchain and SocialFi sectors. This major achievement was unveiled through UXLINK's official website and twitter account, making UXLINK the first product in these domains to reach such a notable user base.
In light of this achievement, UXLINK CTO Bob Ng provided insight into the platform's user metrics and measurement criteria.
Emphasize genuine user engagement rather than unique wallet addresses to encourage true social interaction
Unlike most blockchain projects that measure success by unique wallet addresses, UXLINK prioritizes “registered users” to encourage true social interaction. This approach addresses two key issues: the prevalence of sybil or invalid wallet addresses and the need for genuine user connections. UXLINK 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 can have multiple wallets and UXLINK provides MPC wallets for Web2 users transitioning to Web3.
UXLINK rejects invalid sybil accounts and wallet addresses to maintain data integrity while respecting user privacy. Users can have wallets without social media accounts and UXLINK ensures that they receive exemplary service. Facilitating mass adoption through social interaction remains UXLINK's mission.
Understanding UXUY holders and their future dynamics in the UXLINK ecosystem
UXLINK introduces UXUY holders and highlights a unique proof-of-work (PoW) scoring mechanism to drive community growth and engagement. UXUY, a non-transferable on-chain PoW score, is generated through transparent community-driven mining, without reservations or pre-mining.
To be a UXUY Owner, users must:
- Have wallets registered with UXLINK.
- Contribute to community-defined PoW activities.
- Claim your UXUY in 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 such as nfts or governance tokens.
This initiative underscores UXLINK's commitment to creating a dynamic and engaged community through transparent and incentivized interactions, revolutionizing the blockchain and SocialFi landscapes.
Understand 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): Prior to 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 who purchase tokens and contribute to the community.
Current Owner Statistics: UXLINK has approximately 1,600,000 eligible holders, and the numbers are expected to fluctuate due to the release of liquidity and contributions from the community.
Implementation of anti-Sybil measures to ensure a genuine, high-quality community
UXLINK uses a three-step strategy to maintain a genuine community:
- Identify and exclude fake wallet addresses.
- Claim rewards from inactive accounts and redistribute them.
- Carry out pre-TGE anti-Sybil measures to reinvest recovered rewards.
These measures underline UXLINK's commitment to a transparent and robust system to identify and reward genuine participants.
UXLINK vs NOTCOIN: a comparative perspective
UXLINK, a social platform, and NOTCOIN, a game, 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:
- Depth of interaction: UXLINK activities encourage deeper engagement compared to NOTCOIN's simpler Tap-to-Earn model.
- User stiffness: UXLINK retention is enhanced by real-world social connections and group activities.
- Quality of user base: UXLINK's rigorous anti-whaling measures ensure a high-quality user base.
UXLINK surpasses NOTCOIN in daily and monthly active users and user-holder ratios. Both platforms exemplify effective transitions from web2 to web3, with UXLINK open to future collaborations.
A vision for the future: the commitment of UXLINK CTO Bob Ng
Bob articulates a compelling vision for the future of the platform,
“Going back to our essence, our goal is to establish trust through familiar social connections while serving as a social platform for users and infrastructure for service developers. Going forward, we will collaborate with ecosystem partners to create a socialized layer for asset generation, flow, and distribution. This will allow users to use multiple applications safely, securely and easily without the need for complex cross-chain interactions, allowing them to benefit from their own social assets. Additionally, we aim to empower developers to make the most of our protocols, social relationships and data to significantly improve development efficiency and growth quality through modular interfaces and products.”
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