Watch Out: Altcoin Listed on Major Exchanges to Unlock Tokens Earlier Than Expected

Web3 social network UXLINK has announced details of its community voting proposal for its “Phase 2 Swap & Compensation Plan” on its X ￰0￱ to the information shared approximately 8%-12% of UXLINK tokens are planned for early ￰1￱ company stated that community treasury and team tokens will be unlocked according to the rates specified in the white paper; investor tokens will not be unlocked early and will continue according to the original unlock ￰2￱ unlocked tokens will be transferred to a dedicated multi-signature wallet

where they will be used for compensation and redemption ￰3￱ early unlock rate (8%-12%) has not yet been finalized; the final amount will be determined based on coordination with exchanges and on-chain ￰4￱ News: CFTC's Most Likely Candidate Revealed - Here Are Their Views on Cryptocurrency Additionally funds recovered from exchanges along with a portion of the team and treasury shares will be used to compensate injured ￰5￱ plan envisions the repurchase of UXLINK tokens and their allocation to the compensation ￰6￱ to the Snapshot governance page

the proposal closes on October 9th and currently has 99.99% approval in ￰7￱ was hit by an $11 million hack in September. *This is not investment ￰8￱ Reading: Watch Out: Altcoin Listed on Major Exchanges to Unlock Tokens Earlier Than Expected