Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
UXLINK releases details of community voting proposal: 8%-12% of tokens will be unlocked in advance, and investor tokens will not be unlocked in advance
2025-10-05 08:46

Odaily Planet Daily reports that UXLINK has announced details of its Phase 2 Swap & Compensation Plan community voting proposal on the X platform. The details include a proposed early token unlock of 8%-12% for UXLINK. Community, treasury, and team tokens will be unlocked according to the whitepaper's proportions. Investor tokens will not be unlocked early and will continue to be vested according to the original schedule. All unlocked tokens will be deposited into a dedicated multi-signature wallet for redemption and compensation. However, the 8%-12% ratio is an estimate, and the final amount will depend on coordination with exchanges and on-chain data. Recovered funds (from exchanges) and disposable team and treasury shares will be used to compensate affected users. The proposed method is to repurchase UXLINK tokens and allocate them to the compensation plan.

The Snapshot governance page shows that the proposal ends on October 9th and the current voting approval rate is 99.99%.