UXLINK has reached a momentous milestone by exceeding 10 million registered users, marking a significant achievement in both blockchain technology and the emerging realm of SocialFi. This makes it the FIRST platform in SocialFi to amass such a substantial user base. The announcement was made via UXLINK’s official website and Twitter account, solidifying its position as a trailblazer in these innovative fields.
In light of this milestone, there are several intriguing aspects of UXLINK’s user data that warrant further exploration. To gain insight into this matter, we had the opportunity to interview Bob Ng, the Chief Technology Officer of UXLINK, to delve into the intricacies of their user metrics.
Q1: While most blockchain projects gauge their success based on unique wallet addresses, why does UXLINK prioritize “registered users” as a metric, and how does it differ from unique wallet addresses?
A1: The focus on “registered users” addresses two crucial issues within the cryptocurrency space:
1. The prevalence of invalid or sybil wallet addresses that distort data.
2. UXLINK’s identity as a social platform that emphasizes connecting individuals. Since one person can have multiple wallets for various purposes, measuring registered users provides a more accurate representation of user engagement. Registering as a user involves a three-stage process:
– Invitation-based: New users must be invited by acquaintances or partners within the UXLINK network and use an invitation code to register through Link-to-Earn.
– Human interaction: Users must prove they are not bots.
– Utilizing UXLINK’s products.
Meeting these criteria qualifies an individual as a registered user of UXLINK, resulting in a user count lower than unique wallet addresses. Currently, UXLINK boasts over 10 million registered users, with connections to authorized wallet addresses totaling 15 million, as users can have multiple wallets.
Q2: What does the concept of UXUY Holders entail? Does it refer to the number of token holders?
A2: UXUY is an on-chain Proof of Work (POW) score for UXLINK, designed to record and incentivize community user growth and interaction. It is non-transferable and generated transparently through a community-driven POW “mining” process. UXUY holders must meet specific criteria:
– Being registered users.
– Contributing to community-defined POW activities and receiving UXUY rewards.
– Claiming UXUY on-chain.
Therefore, UXUY holders encompass all community contributors and Web3 users, potentially becoming governance token holders. Currently, there are 5 million UXUY holders, with the number expected to increase until it surpasses 30 million registered users, at which point UXUY mining will cease.
Q3: How many holders does UXLINK have, and what are the criteria?
A3: The measurement criteria for UXLINK holders encompass community contribution, on-chain interaction, and assets in wallet addresses. Before the Token Generation Event (TGE), UXUY holders would exchange UXUY for NFTs of varying levels, serving as vouchers for airdrops. Post-TGE, all legitimate holders of UXLINK, including token purchasers contributing to the community, are considered holders. Currently, there are approximately 1.6 million eligible holders, subject to fluctuations with liquidity release.
Q4: With a substantial user and holder base, will UXLINK implement anti-sybil measures?
A4: Certainly, UXLINK will implement anti-sybil measures to safeguard genuine community interests. The process involves three steps:
1. Identifying and excluding false wallet addresses based on human verification or access compliance validation.
2. Filtering inactive accounts or those not claiming UXUY rewards to reallocate incentives within the community.
3. Conducting periodic anti-sybil measures before TGE to maintain community quality.
By executing these steps, UXLINK aims to uphold community quality, fairness, and efficiency.
Q5: How does UXLINK compare to NOTCOIN in terms of on-chain data and user engagement?
A5: UXLINK and NOTCOIN operate in distinct domains, with UXLINK as a social platform and infrastructure and NOTCOIN as a game. While both prioritize mass adoption and boast substantial user bases, UXLINK exhibits higher on-chain data and user engagement metrics. User stickiness, driven by deep social interactions and trust fostered through real-world connections, contributes to UXLINK’s superior user retention rates. The platform’s user selection process, filtering out fake accounts, has significantly enhanced user quality. UXLINK and NOTCOIN offer valuable paradigms for transitioning from Web2 to Web3, with potential for collaboration in the future.
Looking ahead, UXLINK aims to establish a socialized layer for asset generation, flow, and distribution in collaboration with ecosystem partners. This will facilitate user trust and seamless utilization of applications, leveraging social assets and empowering developers with modularized products and interfaces for enhanced growth quality and efficiency.
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