See More

UXLINK’s Profit Rises Sharply in Web3 Social Infrastructure

2 mins
Updated by Artyom Gladkov
Join our Trading Community on Telegram
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

UXLINK, a Web3 social platform and infrastructure provider, has reported a significant increase in profits, driven by its innovative business model and expanding ecosystem.

For Users

UXLINK offers a platform where users can socially discover, participate in, and trade crypto assets through group interactions. This approach enhances user engagement and community building.

For Developers

As an infrastructure provider, UXLINK equips developers with tools such as UXDiscover, UXGroup, various Dapps, and RWS social protocols. These tools enable developers to utilize social relationships and data for project growth and development. Developers can also introduce various trading scenarios and products like Airdrop, Pre-market, and MEMECOIN, with UXLINK earning a share of the commissions.

Revenue Model

UXLINK’s revenue model involves charging developers in Tokens for accessing its apps, protocols, and data. A significant portion, 85-90%, of these earnings is redistributed to community users, while UXLINK retains 10-15% for infrastructure maintenance. Additionally, UXLINK shares in the trading commissions from third-party Dapps. For users, most functionalities are free, with only transactions incurring a commission of about 1-3%.

Business Model and Growth

Since its establishment, UXLINK has maintained a clear business model and began generating revenue in 2023. Starting in March 2024, UXLINK has focused on building a robust social ecosystem to further benefit its community and developers. With an increasing number of paying developers and transactions, UXLINK’s monthly revenue, measured in Tokens, now covers its project expenses.

This has created a virtuous development cycle, enhancing the value and utility of the UXLINK Token. Both users and developers require UXLINK Tokens to access various services, fostering a deflationary economic model due to the limited supply of Tokens.

The head of the UXLINK community highlighted that this growth flywheel effect has empowered the UXLINK Token, ensuring practical use scenarios and promoting a sustainable and thriving ecosystem.

UXLINK is the largest web3 social platform and infrastructure for users and developers to discover, distribute, and trade crypto assets in unique socialized and group-based manners.

Contact Details: UXLINK Web | UXLINK TwitterUXLINK Telegram | UXLINK NFT

Top crypto projects in the US | June 2024

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO