🤔 Recently, @UXLINKofficial was attacked by hackers, and this incident has garnered quite a bit of attention in the crypto community.
The ability to quickly resume operations after a security incident reflects the team's execution capability and the project's resilience.
Especially since the current circulating supply is at an extremely low level <5%, according to the crypto narrative, when the circulating supply decreases, it's much easier for the price to be pushed up.
The team also announced the launch of a buyback plan, utilizing 100% of the recovered funds to support token swaps and user compensation.
This is not only a proactive response to affected users but also conveys the project team's confidence in future development to the market, strengthening the support for the token price.
A project that can demonstrate a positive attitude in multiple aspects after a crisis is certainly commendable.
Don't forget, the social infrastructure and business model of UXLINK itself were not impacted, and the user base remains solid at over 54 million!
We can observe the subsequent developments.
🔔 UXLINK Buyback Update
We will initiate the first batch of Buyback this weekend, sourced from the returned frozen funds by CEX partners — huge thanks for their support. 🙏
The Buyback will take place on exchanges that have resumed UXLINK trading (on ETH mainnet).
All repurchased $UXLINK tokens will be allocated to the Swap & Compensation Plan, as approved by the community proposal.
Following the same proposal, further Buyback rounds will continue as we receive additional returned frozen funds.
#UXLINK #buybacks #Web3Builders #Community
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