Last Updated on June 14, 2024 by COINBUZZFEED
UXLINK has officially introduced the Social DEX to Earn feature within its decentralized application (Dapp) and Telegram Bot. This new feature aims to enhance user engagement and promote a more transparent trading environment. The initial rollout includes three core trading functions: Trade Fee Rebates, Pre-Market, and Bridge assets. These functionalities are designed to provide users with improved trading experiences and potential returns, alongside earning on-chain points.
Trade Fee Rebates
One of the standout features of UXLINK’s new offering is the Trade Fee Rebates. This function allows users to receive a portion of their trading fees back, incentivizing higher trading volumes and increasing user participation. By lowering the effective cost of trading, UXLINK aims to make its platform more attractive to both new and experienced traders.
Pre-Market Trading
The Pre-Market feature provides users with the ability to trade assets before they become widely available on the market. This function is particularly beneficial for traders looking to capitalize on early opportunities and gain an edge in the market. By offering pre-market trading, UXLINK is catering to the needs of proactive traders who seek to maximize their returns through strategic early investments.
Bridge Assets
The Bridge assets function facilitates the seamless transfer of assets between different blockchains. This interoperability is crucial for users who engage in cross-chain trading and wish to diversify their portfolios without being restricted by the limitations of a single blockchain. By enabling easier asset transfers, UXLINK enhances liquidity and broadens the trading opportunities available to its users.
Earning On-Chain Points
In addition to these trading features, UXLINK users can earn on-chain points through their trading activities. These points can be accumulated and potentially used for various benefits within the platform, further incentivizing active participation. This gamification of trading not only makes the experience more engaging but also rewards users for their loyalty and activity.
Building Trust and Reducing FUD
According to UXLINK’s community leader, the introduction of these features aims to foster a trustworthy trading environment by promoting transparency and reducing FUD (fear, uncertainty, and doubt). By providing clear incentives and reliable trading mechanisms, UXLINK hopes to build a community of traders who feel confident and secure in their trading activities.
The launch of the Social DEX to Earn feature marks a significant step for UXLINK in enhancing its platform’s functionality and user experience. By integrating Trade Fee Rebates, Pre-Market trading, and Bridge assets, UXLINK is positioning itself as a versatile and user-friendly decentralized exchange. These features, coupled with the opportunity to earn on-chain points, underscore UXLINK’s commitment to innovation and user satisfaction in the ever-evolving blockchain space.
