Deep Dive
1. Post-Hack Token Unlock Vote (Bearish/Mixed Impact)
Overview:
A Snapshot vote on October 4 proposes unlocking community/team tokens early to compensate users affected by September’s $44M exploit. If approved, 5-10% of the 1B max supply could enter circulation sooner than the original 24-48 month vesting schedule.
What this means:
- Bearish: Accelerated unlocks risk dilution, especially with UXLINK already down 77% post-hack.
- Bullish: Successful compensation could stabilize sentiment and enable relistings on major exchanges like Upbit, which froze $5-7M in stolen assets.
2. Security Overhaul & Trust Rebuild (Mixed Impact)
Overview:
UXLINK deployed a new ERC-20 contract (0x3991B07b...) with fixed supply and disabled mint/burn functions post-hack. Over 60% of stolen funds were frozen via CEX collaborations (PeckShield).
What this means:
- Short-term credibility risks persist: The hack exposed critical multisig vulnerabilities, and 542M stolen tokens remain in circulation.
- Long-term upside: Audits and partnerships with security firms like CertiK could reduce future exploit risks, aligning with MiCA compliance efforts (Kraken listing).
3. User Growth vs. Tokenomics Tightrope (Bullish/Bearish)
Overview:
UXLINK’s token release is pegged to user milestones – 65% of supply unlocks only if 100M users are achieved. Current registered users grew to 55M in Q3 2025 (Bitcoinist), but post-hack attrition could delay targets.
What this means:
- Bullish: Hitting 60M users in H1 2025 (roadmap) would accelerate deflationary pressure, as new unlocks slow while utility demand grows.
- Bearish: If growth stalls below 80M, the token risks remaining in oversupply limbo, with 479M already circulating.
Conclusion
UXLINK’s price will hinge on the Oct 4 vote outcome, user retention post-hack, and execution of security upgrades. While the project’s SocialFi infrastructure and U.S. expansion offer long-term potential, near-term volatility is likely as markets weigh dilution risks against recovery efforts. Can UXLINK’s compensation plan restore liquidity before exchange delistings spread?