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1. Project introduction
UXUY is a multi -functional web3 and cryptocurrency project, including the decentralized exchange (DEX), social network platforms and synthetic assets.Essence
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The core concept of UXUY is: social networks are assets.It allows users to really have their real world connections and data on the blockchain.Through its MPC basic wallet and web3 DID (decentralized identity), the three major problems in social networks and asset management have been solved: 1. Control and ownership belong to users; 2. Improving the trust of social interaction; 3.The friendly web2 user is friendly, so that they can easily transition to Web3.In addition, UXUY provides a privacy of social data based on zero -knowledge to ensure the privacy and security of user social relations.
UXUY has recently taken an important step through the integration of the TRON network. This not only provides users with a broader transaction option, but also enhances security through its multi -party calculation (MPC) wallet technology.In addition, UXUY has recently launched its synthetic crypto asset plan, UXUY token.
2. Core mechanism
2.1Decentralization exchange (DEX)
The UXUY decentralized exchange (DEX) is a key component of its multi -function web3 project. It aims to provide a safe, transparent and user -friendly trading platform without the need for traditional centralized trading institutions.
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The following is a detailed introduction of UXUY Dex:
1. Multi -chain transaction support
UXUY DEX supports transactions across multiple blockchains, including Ethereum, BNB chain, wave field and other mainstream blockchains.This multi -chain support enables users to access wider assets and liquidity, while reducing risks and restrictions from a single blockchain.
2. Integration of Bitcoin Lightning Network
UXUY is the first decentralized exchange to achieve Bitcoin Lightning Network Nodes. This integration greatly improves the speed and efficiency of transaction and reduces transaction costs.Through the Lightning Network, UXUY can provide real -time Bitcoin transactions while maintaining decentralization characteristics.
3. MPC wallet with no seed phrase
UXUY DEX uses a multi -party computing (MPC) wallet technology with a seedless phrase, which effectively improves the safety of wallets and the privacy of users.This wallet technology stores private keys through decentralized ways, eliminating the risk of losing or stolen by traditional wallet seed phrases.
4. Synthetic assets and liquidity pools
UXUY allows users to create and trading synthetic assets, which can represent the real -world assets or other cryptocurrencies.In addition, UXUY can promote trading of these assets through liquidity pools, and users can earn transaction costs by providing liquidity.
5. Decentralized governance structure
UXUY DEX adopts a decentralized governance model, allowing token holders to vote for major updates and protocol changes.This increases the transparency of the platform and community participation, ensuring the direction of the project and the development of the development of most users.
6. User friendly trading experience
Although it is decentralized, UXUY Dex designed a user experience close to the centralized exchange (CEX). Through simplified user interface and seamless transaction processes, users can easily transaction even if they are not technical backgrounds.
7. Trading costs and incentives
UXUY DeX’s trading cost structure aims to balance reasonable costs and inspire users to participate in platform activities.The transaction fee is usually low, and some expenses will return to users who provide liquidity.
2.2Social network platform
UXUY’s social network platform is an innovative component of its web3 project. It combines the interaction characteristics of traditional social media and the security and transparency of blockchain technology.This platform focuses on redefining how users control, manage and benefit from their social data and networks.
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The following is a detailed introduction of the UXUY social network platform:
1. Social asset concept
UXUY regards social networks as a user’s asset, which means that users’ social interaction and network connection can be regarded as resources with actual value.On the UXUY platform, users can have and control their social data, rather than traditional social media companies.
2. Data ownership and privacy protection
Using blockchain technology, UXUY ensures that users’ social data and interaction are stored and managed in a decentralized and secure environment.Users can accurately control which data can be public or shared, and who can access these data, thereby enhancing privacy protection.
3. Decentralization identity (DID)
The UXUY platform supports decentralized identity system, and users can create and manage their blockchain identity.These identities can not only be used on the UXUY platform, but also use multiple services compatible with Web3 to achieve true autonomy and interoperability in the true sense.
4. Social transactions and markets
Users can trade or sell their own social assets on UXUY’s social networks, such as content, social relations and social influence.This mechanism is realized through digital tokens and smart contracts to ensure the transparency and security of transactions.
5. Community governance
The UXUY social network platform provides community governance functions, allowing users to participate in the decision -making process, such as platform updates, functional improvement and community rules.This ensures that the community’s participation and sound are heard through the tokens holding and voting mechanism.
6. Asset -based social layer
UXUY allows users to asset their social interaction and network layer, such as NFT (intangible homogeneous tokens) based on their social activities.This provides users with a new way to directly benefit from their online activities and social influence.
7. Cross -platform compatibility
UXUY aims to realize the extensive compatibility of their social network platforms, support users to seamlessly migrate their data and networks from other social media platforms while maintaining the integrity and security of data.
2.3Synthetic asset plan
UXUY’s synthetic asset plan is one of the core parts of its web3 project, which aims to create and manage derivative financial products through blockchain technology.This plan allows users to create, transactions and manage synthetic assets in a decentralized environment. These assets are based on representatives or derivatives of real -world assets or other cryptocurrencies.
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The following is a detailed introduction to the UXUY synthetic asset plan:
1. Definition of synthetic assets
Synthetic assets are a special type of tokens on the UXUY platform. They represent the economic value and price behavior of some basic assets (such as stocks, bonds, goods or other cryptocurrencies).The creation and management of these assets through intelligent contracts make their behavior closely related to the basic assets they track.
2. Creation and management mechanism
On the UXUY platform, synthetic assets are generated by mortgaged UXUY tokens or other cryptocurrencies.Users must lock a certain amount of mortgage in smart contracts to create the corresponding value of synthetic assets.This mechanism ensures the stability and reputation of synthetic assets because they are supported by real assets.
3. Trading and liquidity
Synthetic assets can be freely traded on the decentralized exchange of UXUY, providing a trading experience similar to the traditional financial market.In addition, UXUY increases the liquidity of synthetic assets by establishing a liquidity pool and incentive measures to ensure the depth and efficiency of the market.
4. Security and transparency
By using blockchain technology, all records of the creation, transaction and management of synthetic assets are transparent, and can be audited by anyone.In addition, the use of smart contracts reduces the possibility of fraud and errors, and increases the overall security of the system.
5. Decentralization risk management
UXUY has implemented a series of decentralized risk management tools, including automated clearing mechanisms and dynamic mortgage adjustments.These tools ensure that system stability and user asset security can be guaranteed even when market fluctuations.
6. Price Proponent
In order to ensure the accurate tracking of the prices of its basic assets, UXUY integrates an efficient price prophecy machine to collect and verify price information from multiple sources to prevent price manipulation or errors.
7. Applicable scenarios and applications
Synthetic assets enable users to invest in various markets and assets without having actual assets.For example, users can invest in foreign stock markets, goods or cryptocurrencies without having to pass the traditional financial intermediary agencies, which greatly expands investment opportunities and market accessibility.
8. Community and governance
The tokens of the UXUY platform can participate in the governance of the synthetic asset plan, including proposed new types of asset types, adjusting mortgage requirements, or changing risk management strategies.
2.4MPC (multi -party calculation) wallet
UXUY’s MPC (multi -computing) wallet technology is one of the core technologies of its blockchain platform. It aims to provide higher security and privacy protection while maintaining the convenience and smoothness of user operations.MPC wallets solve some major security problems in traditional blockchain wallets through decentralized and encrypted private key management methods, such as the risk of leakage of seed phrases.
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The following is a detailed introduction to UXUY’s MPC wallet technology:
1. Private key decentralized storage
In the traditional blockchain wallet, private keys are usually stored in a single device or location, which makes it easy to become the target of attack.UXUY’s MPC wallet technology uses multi -computing methods to divide the private key into multiple fragments (Shards) and store them on different devices or network nodes, respectively.Only when the transaction is performed can these fragments be signed a safe combination, but any single fragment cannot be used alone, which greatly reduces the risk of being stolen or lost in private keys.
2. No seeds of seeds
UXUY’s MPC wallet abandoned the seed phrases used in traditional wallets and avoided hidden safety hazards caused by the leakage of seed phrases.Users do not need to remember complex seed phrases. They only need to pass a variety of authentication methods, such as biometrics or multiple factors certification, to access and manage their funds.
3. Social recovery function
UXUY’s MPC wallet also introduces social recovery mechanisms, and users can specify personal or entities that trust in trust as restoration agents.In the absence of the user’s loss of access, these agents can jointly assist in restoring the wallet access right without exposing private key fragments.This mechanism not only improves the safety of wallets, but also enhances the user’s control of the wallet recovery process.
4. Cross -chain transaction support
MPC wallet technology supports cross -chain transactions, allowing users to move assets safely and efficiently between different blockchain.UXUY uses MPC technology to simplify the complexity of cross -chain transactions, provides a smoother user experience, and reduces transaction costs.
5. Improve transaction speed and reduce costs
Since the MPC wallet allows trading signature without a complete private key, this method can quickly respond to transaction requests without sacrificing security while reducing the cost generated by transaction verification.
6. Network security and decentralization
MPC wallet technology has improved the overall security and decentralization of the network by dispersing key data between multiple nodes.Even if a node is attacked, the attacker cannot control or access the user’s funds without a single node holding a complete private key information.
7. Compatibility and scalability
UXUY’s MPC wallet design considers the compatibility with existing and future blockchain technology, ensuring that with the development of the blockchain ecosystem, MPC wallet technology can also continue to upgrade and expand to meet changing market demand.
3. UXUY tokens
UXUY’s tokens are a key component of the platform’s ecosystem. It has a variety of uses and functions and aims to support and promote activities in its blockchain network.This tokens are usually used for transaction cost payment, governance, incentives, as well as the basis for synthetic assets and cross -chain operations.
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The following is a detailed introduction to the UXUY token:
1. Trading costs and incentives
UXUY tokens can be used to pay the costs of various transactions on the UXUY platform, including cross -chain transfer, exchange, and other smart contract interactions.In addition, tokens are also used to motivate users to participate in the liquidity of the platform and other online activities, such as rewarding users by liquidity mining or participating in specific trading activities.
2. Governance rights
Users holding UXUY tokens can participate in the treatment process of the platform, voting to determine key network updates, protocol changes, and implementation of new features.This decentralized governance structure aims to enable community members to directly affect the future development direction of the platform.
3. Synthetic asset mortgage
On the UXUY platform, users can use UXUY tokens as mortgages to create synthetic assets.These synthetic asset simulation of other assets (such as stocks, goods or other cryptocurrencies) are dynamic, and users can use them to specify or hedge risk without having to hold actual underlying assets.
4. Cross -chain function support
UXUY token support platform’s cross -chain function, users can move and exchange UXUY tokens efficiently between different blockchain networks.This is achieved by establishing a stable currency center bridge and other cross -chain mechanisms, thereby ensuring the liquidity and availability of token.
5. Reward and compensation mechanism
UXUY tokens are also used for various rewards and compensation mechanisms to encourage the active participation of community members and contribute to the platform.This includes rewards for users who discover and repair network vulnerabilities, or provide tokens for users participating in certain network verification activities as compensation.
6. Long -term value storage
As an asset that is closely related to the development of the platform, the UXUY token is also regarded as a potential long -term value storage.As the platform grows and expands, and more users and transactions are added to the ecosystem, the demand and value of tokens may increase.
Uxuy tokens support the operation and development of the entire UXUY platform through these functions and uses, providing users with a way to trade, invest and participate in governance in decentralized financial ecosystems.This multi -functional and closely combined design with the overall strategy of the platform makes it an attractive investment and use option in the cryptocurrency market.
3.1airdrop
UXUY’s latest token airdrop activity was carried out on the Binance platform and designed for Binance Web3 wallet users.The main goal of this event is to increase the user’s interaction and participation through a series of tasks to reward participants UXUY token.
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Details of airdrop activities:
1. Total airdrops:
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The airdrop event prepared 20,000,000 UXUY tokens, specifically for users on the Binance platform.
2. Participate conditions:
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Participants need to use the Binance Web3 wallet and reward according to the total assets in the wallet.
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Users who are less than $ 10 in wallet assets will get 5 UXUY tokens.
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Users with wallet assets or more than $ 10 will get 25 UXUY tokens.
3. Daily sign -in reward:
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On the first day of sign -in rewards was 16 UXUY tokens.
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The next day, the continuous sign -in will get an additional 4 UXUY tokens.
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If you sign in for 7 consecutive days, you can unlock the additional 28 UXUY tokens.
4. Total reward potential:
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Participants can earn up to 224 UXUY tokens within 7 days.
This airdrop event not only provides a rich token reward to attract and motivate users to actively participate, but also increases the interactive frequency of users and the platform through daily sign -in tasks.In addition, this activity also ensures that all participants can understand and participate in the event through simple and direct task design, thereby increasing the activity of the UXUY ecosystem and user participation.
4. Team/financing/cooperation situation
UXUY’s team is composed of experienced engineers and product managers. They provide users with innovative solutions and user -centric design in the field of Web3.
Max W is the co -founder and CTO of UXUY.She graduated from Southwest University of Science and Technology and Nantong Higher Normal University.Kevin is the co -founder of UXUY and has served as Bitkeep CEO.
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UXUY has recently completed its $ 7 million Pre-A round of financing, which has made the company’s total financing more than $ 10 million.This round of financing is supported by multiple investors, including Binance Labs, UTXO Management, Bitcoin Magazine, JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, DEWHALES CAPITAL, Comm A3 Ventures, Satoshi Labs, YBB Capital, GBV Capital,Web3vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, GSR, etc. These investors come from Asia, North America and Europe, respectively.
5. Project evaluation
5.1Track analysis
The UXUY project integrates multiple track fields, mainly involving the innovation of decentralized exchanges (DEX), cross -chain technology solutions, web3 infrastructure, and AI technology.The following is an analysis of the tracks and similar items in UXUY:
UXUY’s track field:
1. Decentralization exchange (DEX):
UXUY provides a multi -chain -supported decentralized trading platform, and users can seamlessly trade various assets between multiple blockchains.
2. Cross -chain technology:
By supporting multi -chain transactions and cross -chain technology, UXUY enables the assets on different blockchain to perform interoperability and transactions, which greatly increases the flexibility and convenience of user operation.
3. Web3 infrastructure:
UXUY emphasizes providing users with seamless web3 transaction experience, including using AI to enhance its services. This combined goal is to simplify the user interface and enhance the efficiency and security of transactions.
4. Based on AI blockchain technology:
UXUY optimizes its platform function through its Asian AI R & D Center, combines AI technology, improves the automation and efficiency of smart contracts, and new features driven by AI.
Similar projects:
1. Uniswap: As a representative of a decentralized exchange, Uniswap provides the automation market formulation (AMM) function, allowing users to exchange tokens on Ethereum. Uxuy and UNISWAP both emphasize decentralization and user control.
2. Polkadot: Polkadot focuses on cross -chain technology. Through its unique multi -chain architecture, different blockchain networks are allowed to perform interoperability.This echoes UXUY’s multi -chain transaction support.
3. Chainlink: Chainlink provides decentralized prophet services to connect the real world data with the blockchain.Although UXUY’s focus is on transactions and AI, both of them emphasize the scalability and application breadth of blockchain technology for using external data and enhancing trading functions.
5.2Project advantage
1. Multilateral transaction support:
UXUY provides transaction capabilities across multiple blockchain, which not only increases the convenience of users, but also expand its potential user base.Supporting multi -chain operations is an important trend in the current encryption market, which can effectively connect different blockchain ecosystems.
2. Decentralization exchange (DEX):
As a decentralized trading platform, UXUY can provide higher security and privacy and reduce dependence on centralized institutions, which is in line with the current market’s increasing demand for decentralized solutions.
3. Integrated artificial intelligence (AI) technology:
UXUY integrates AI technology in its platform, which helps improve the efficiency of trading algorithms, optimize user experience and enhance security measures.The integration of AI makes UXUY more efficient when dealing with large -scale data and complex decisions.
4. Powerful funding support and partners:
After Binance Labs incubated and successfully completed multiple rounds of financing, UXUY has stable financial support and reputation in the industry.The support of funds and resources helps its technical development and market expansion.
5.3Project disadvantage
1. High competition industry:
The decentralized trading platform is a highly competitive market. UXUY needs to compete with many mature projects such as Uniswap and Sushiswap.These platforms have a solid user foundation and market recognition.
2. Technical complexity and user admission:
Cross -chain technology and AI integration increase the technical complexity of the platform, which may constitute an obstacle to the adoption of non -technical users.User education and friendly user interfaces will be the key factor.
3. Supervision and legal risks:
As a cryptocurrency and blockchain project, UXUY is facing a changing global regulatory environment.Different countries and regions have different regulatory policies for encrypted assets, which may affect their business expansion and user growth.
4. Market volatility:
The volatility of the encrypted market may affect transaction volume and platform income.The market downturn may have a negative impact on user activities and capital inflows.
6. Conclusion
The UXUY project shows the huge potential in cryptocurrencies and decentralized financial markets through its multi -functional Web3 platform.As a project hatched by Binance Labs, UXUY not only successfully integrates multi -chain transaction support and artificial intelligence technology, but also provides a novel way to explore and use the blockchain.Through its strong technical foundation, innovative transaction solutions and stable financial support, UXUY has set a grand goal of strengthening and expanding the encrypted ecosystem.
Facing the high competition and changing regulatory environment of the industry, UXUY must continue to optimize its technology, simplify user experience, and intelligently navigate the global market challenges.Through continuous innovation and the active participation of the community, UXUY has the potential to become the leader who promotes decentralized financial innovation. It not only provides users with safer and efficient transaction solutions, but also brings new possibilities and opportunities to the entire encryption world.Essence
