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UXLINK Releases Details of Community Voting Proposal: Proposed Early Unlock Token Ratio 8%-12%, Investor Tokens Not Unlocked Early
Summary: In a recent announcement, UXLINK revealed details of the Phase 2 Swap & Compensation Plan community voting proposal on X platform. The proposal includes a proposed early unlock token ratio of 8%-12% for UXLINK, with community, treasury, and team tokens unlocking according to the whitepaper ratio. Investor tokens will not be unlocked early and will ...
In a recent announcement, UXLINK revealed details of the Phase 2 Swap & Compensation Plan community voting proposal on X platform. The proposal includes a proposed early unlock token ratio of 8%-12% for UXLINK, with community, treasury, and team tokens unlocking according to the whitepaper ratio. Investor tokens will not be unlocked early and will follow the original vesting schedule. All unlocked tokens will be stored in a dedicated multi-signature wallet for exchange and compensation, with the 8%-12% ratio being an estimate dependent on coordination with exchanges and on-chain data. Recovered funds (from exchanges) and available team and treasury shares will be used to compensate affected users, with the proposed method being the repurchase of UXLINK tokens and their distribution to the compensation plan.
According to the Snapshot governance page, the proposal's end date is October 9th, with the current approval rate standing at 99.99%.
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Link: UXLINK Releases Details of Community Voting Proposal: Proposed Early Unlock Token Ratio 8%-12%, Investor Tokens Not Unlocked Early [Copy]
