Uxlink

About Uxlink

Uxlink operates as a social infrastructure platform within the Web3 ecosystem, designed to merge social networking with blockchain technology. Founded in 2022 by Mark Wang, Xiao Zihao, and Abao Wu, the Singapore-based company aims to facilitate the mass adoption of crypto by bridging the gap between Web2 and Web3 environments. The founding team possesses diverse backgrounds with experience at companies like Alibaba and education from institutions such as Stanford and Columbia University.

The company's core offering is a social platform that allows users to create communities, build social assets, and engage in socialized trading. It primarily targets two client segments: end-users (C-end) who utilize the platform for social discovery and crypto-asset trading, and developers (B-end) who leverage Uxlink's protocols and data for application growth. The platform is integrated with familiar social media applications like Telegram, allowing users to onboard and create a Web3 wallet with their existing social accounts. This approach is designed to lower the entry barrier for individuals new to the crypto space. A key feature is the "Link to Earn" model, which incentivizes user growth by rewarding individuals for referring new users to the network.

Uxlink's infrastructure is composed of multiple layers, including an application layer with a social decentralized exchange (DEX), a protocol layer for managing social identities, and an infrastructure layer that utilizes EVM-compatible chains. For developers, Uxlink provides a Social Growth Layer, offering modular services, chain abstraction, and unified account management to aid in the creation and scaling of decentralized applications (dApps). The business model generates revenue through several streams. For developers, it charges fees for the use of its infrastructure, protocols, and data. For users, transaction fees of approximately 1-3% are applied to trading activities, while most other functions remain free. The platform utilizes a dual-token system: $UXLINK serves as the governance token, while $UXUY acts as a utility token for rewards and in-ecosystem transactions.

Since its launch, Uxlink has reported significant user growth, surpassing 10 million registered users by mid-2024 and expanding to over 28 million globally by late 2024. The company has successfully raised over $14 million in funding from various investors, including OKX Ventures, Sequoia Capital, and Matrixport.