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About UX

UX Chain (UX) is a cryptocurrency launched in 2021. UX has a current supply of 12.30Bn with 3.98Bn in circulation. The last known price of UX is 0.001133373929 USD and is 0.000014565426 over the last 24 hours. It is currently trading on active market(s) with $148,982.56 traded over the last 24 hours. More information can be found at https://umee.cc/.

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UX Price Statistics
UX’s Price Today
24h Price Change
+$0.0000145654261.30%
24h Volume
$148,982.5623.84%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.032993234869
Market Dominance
0.00%
Market Rank
#1385
UX Market Cap
Market Cap
$4.52M
Fully Diluted Market Cap
$13.94M
UX Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
UX Supply
Circulating Supply
3.98Bn
Total Supply
12.30Bn
Max Supply
0
Updated Jul 14, 2024 9:50 am
image
UX
UX Chain
$0.001133373929
$0.000014565426(+1.30%)
Mkt Cap $4.52M
There's nothing here for now
TRON DAO Team Attends ETH Denver and Hosts TRON Builder Tour Event
TRON DAO Team Attends ETH Denver and Hosts TRON Builder Tour Event
According to Blockworks, the TRON DAO team recently attended ETH Denver, a leading event in the blockchain space. In conjunction with this, the TRON Builder Tour (TBT) ETH Denver event took place, attracting enthusiasts to the dynamic world of the TRON ecosystem. Four members of the TRON DAO team attended the ETH Denver event as mentors, offering support to developers and entrepreneurs across various disciplines, including technical support, business or ecosystem development, and UI/UX design. The mentors led a Skills Lab at the ETH Denver BUIDL Hub, teaching participants how to use AI to quickly create and deploy smart contracts on BTTC and other EVM networks. This mentoring allowed the TRON DAO to connect more closely with the broader blockchain community and learn about developments in the web3 space. On February 28th, the TRON Builder Tour event at ETH Denver provided a deep dive into TRON's ecosystem, featuring educational sessions, networking opportunities, and nearly 100 attendees, including blockchain enthusiasts, developers, and students. Co-hosted by Arkham Intelligence, a crypto intelligence platform, the event offered attendees a unique perspective on digital asset markets and the benefits of the TRON network. The HackaTRON Season 6 event, which began on February 20th, was also highlighted. This online hackathon has a total prize pool of up to $650,000 in Energy support and TRON network's native utility token, TRX. The hackathon encourages developers to create dApps that can enhance the TRON network's user experience and advance the blockchain space. The evening concluded with indoor bar networking, allowing attendees to forge valuable connections within the TRON community. Through its participation at ETH Denver and hosting of the TRON Builder Tour event, TRON DAO demonstrated its commitment to advancing the blockchain industry.
Mar 04, 2024 9:01 pm
The number of certified users of Web3 social infrastructure UXLINK exceeded 3 million, with 950,000 new users added in 30 days
The number of certified users of Web3 social infrastructure UXLINK exceeded 3 million, with 950,000 new users added in 30 days
Web3 social infrastructure UXLINK has developed rapidly through the "Real World Social" and "Group" models. Only 10 months after the project was launched, it has covered nearly 6 million users, entered nearly 80,000 groups, and has more than 300 certified users. million, of which 950,000 new certified users have been added in the past 30 days, fully verifying the high-efficiency communication and high growth rate brought by this model. Of the 950,000 new certified users in the past 30 days, more than 940,000 came from the "Link to Earn" mechanism. During this period, a total of 55,376 Linkers participated in this mechanism, and each invited an average of 17 new users, proving "acquaintance socialization" The "trust growth efficiency" brought about. At the same time, UXLINK allows users to precipitate their social graph on the blockchain through UX SBT and UX Graph, and very smoothly transfer their social relationships in Web2 SNS into social assets on the Web3 blockchain. In the group mode, UXLINK has launched the UXGroup protocol based on the Group Bound Account (GBA) concept to help the group owners of each community provide on-chain asset management for their own communities. In order to improve the experience of new users participating in Web3 protocol interaction and reflect Real-World Social, UXLINK adopts the "One-Account Strategy" - the social account is a Web3 identity account, and binds and manages other basic Web3 services through this account, such as: multi-wallet and cross-chain ERC20 and ERC721 token assets, etc. According to the UXLINK community, the UXLINK Protocol will be opened in the future and will join hands with more developers and ecological partners, such as games and decentralized finance, and will be provided for Web3 Developers and Dapps based on different social scenarios (such as WhatsApps, Facebook, etc.) Infrastructure services.
Feb 29, 2024 3:25 pm

Frequently Asked Questions

  • What Is Umee (UMEE)?

    Umee is a layer-one blockchain built on Cosmos designed to create a universal cross-chain DeFi hub. It serves as a base layer for future DApps and money legos. Thanks to the interoperability of the Tendermint Proof-of-stake consensus mechanism used, the Umee blockchain can be integrated with Cosmos, Ethereum, side chains, layer-two chains, and alternative base-layer protocols. It was created to address the three main issues plaguing DeFi today:

    • Detached yields
    • Concentrated systemic risks
    • Isolated capital

    By introducing bridging solutions that increase capital efficiency and break the siloed structure of different blockchain ecosystems, Umee plans to enable cross-chain lending and borrowing, staking, and cross-chain DeFi rates. Eventually, Umee is to become a hub for all things DeFi, which connects various ecosystems all under the DeFi umbrella. That also includes having its own interest rate instruments and other financial primitives providing financial infrastructure for the crypto industry.

    In its roadmap for 2022, Umee plans to deploy its lending and borrowing app on different blockchains like BSC, Solana, Polygon, Arbitrum, and Optimism. Furthermore, it sees protocol developments on top of its base layer, such as meTokens, Staking Curves, and DeFi Debt Protocols.

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  • Who Are the Founders of Umee?

    Umee was founded by Brent Xu, a former contributor to the Ethereum ecosystem and former Strategic Advisor to Tendermint. In total, Umee lists 16 employees on its Linkedin, with experience at different blockchain companies like Binance, Yearn, and Sushi, as well as tech companies like Google, Meta, and Amazon.

    Furthermore, Umee has raised $6.3 million in a seed round led by Polychain, with investments from Coinbase Ventures, Alameda Research, and others.

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  • What Makes Umee Unique?

    Although many DeFi protocols claim they want to integrate DeFi across blockchains, Umee is in a unique position to do so for several reasons.

    First, its Tendermint proof-of-stake consensus mechanism provides a mix of speed and efficiency that enables Umee to create a credible base layer for cross-chain lending and borrowing. Built on the Inter-Blockchain Communication (IBC) interoperability protocol, the flagship Cosmos protocol for cross-chain communication, Umee offers fast transaction finality without multiple block confirmations or excessive time delays.

    Furthermore, its Gravity Bridge bridges between Cosmos and Ethereum and allows transfers between the two ecosystems with opposing value propositions. ERC-20 tokens can be used on a chain with fast transaction finality (Cosmos) and then be bridged to a network focused on decentralized validators (Ethereum).

    Another key feature of the Umee ecosystem is its Universal Debt Facility, a base layer lending protocol allowing developers to deploy their own customized debt instruments. Thanks to its modular design, future lending pools, and DeFi protocols can build interfaces on top of it.

    Umee's meTokens are used for collateralized liquid staking positions. For example, a trader can have a staked position on one blockchain through the Umee ecosystem and use this staked collateral, represented by a meToken, to open another position in another ecosystem. Furthermore, its uTokens fulfill a similar function for assets lent through the platform's Universal Debt Facility. Traders receive interest on their lent assets and uTokens represent both the asset and the accruing interest.

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  • How Many Umee (UMEE) Coins Are There in Circulation?

    UMEE is the native governance token and is used for consensus validation in the network's PoS architecture. It also accrues network fees from token swaps and is used to pay for gas on Umee, similar to ETH on Ethereum. The token has a total supply of 10 billion according to the following distribution:

    • Public Sale (5%): vested linearly for eight to ten months depending on the sale option selected.
    • Community (46%): one year linearly.
    • Private Sale (14%): six-month cliff, 1% vested linearly for six months while the remaining 13% vested linearly for eighteen months.
    • Team (15%): six-month cliff, vested linearly for thirty months.
    • Umee Labs (10%): twelve-month cliff, vested linearly for eighty-four months.
    • Ecosystem (9%): community governance will decide how to use these tokens to best incentivize developers to build on top of the Umee blockchain; vested linearly for eight years.
    • Advisors (1%): six-month cliff, vested linearly for thirty months.

    Token inflation will depend on the staking participation rate. Inflation can reduce to 7% if the staking rate exceeds the target or rise to 14% if it undershoots the target staking rate. Furthermore, the community can decide to use platform fees for buybacks and burns of UMEE to create deflationary dynamics and raise the token price.

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  • How Is the Umee Network Secured?

    Umee is built on the Cosmos blockchain, a layer-1 chain describing itself as "Blockchain 3.0" because of its interoperability. Its Proof-of-stake consensus mechanism connects the different blockchains in the Cosmos ecosystem - Umee being one of them - to a "web of blockchains" This web of interoperable blockchains allows Cosmos to provide better performance than rival chains while not compromising important factors like low fees and quick transaction finality.

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  • Can Umee Reach $1?

    After its IDO on February 15, 2022, UMEE quickly reached an all-time high of $0.35 but has corrected since. The future price development will depend on macro conditions and the project's ability to connect with different DeFi protocols. However, $1 does seem like a reasonable long-term target for UMEE.

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  • Where Can You Buy Umee (UMEE)?

    UMEE is available on DigiFinex, BTCEX, Gate.io, and MEXC.

    If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

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  • What is the all-time high price of UX Chain (UX)?

    The all-time high of UX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of UX Chain (UX) is 0. The current price of UX is down 0% from its all-time high.

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  • How much UX Chain (UX) is there in circulation?

    As of , there is currently 3.98Bn UX in circulation. UX has a maximum supply of 0.

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  • What is the market cap of UX Chain (UX)?

    The current market cap of UX is 4.52M. It is calculated by multiplying the current supply of UX by its real-time market price of 0.001133373929.

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  • What is the all-time low price of UX Chain (UX)?

    The all-time low of UX was 0 , from which the coin is now up 0%. The all-time low price of UX Chain (UX) is 0. The current price of UX is up 0% from its all-time low.

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  • Is UX Chain (UX) a good investment?

    UX Chain (UX) has a market capitalization of $4.52M and is ranked #1385 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze UX Chain (UX) price trends and patterns to find the best time to purchase UX.

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