Long-term update丨Overview of the UXLINK contract migration
Summary: 1:1 exchange, supply remains at 1B, ETH mainnet, new contract removes mint-burn, cross-chain relies on partner services, audit completed, community compensation is on the way.
Details:
1. Contract address: 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3
2. CEX side process: platform counts net holdings → deducts suspicious deposits → converts frozen assets to $UXLINK according to legal requirements → the official will distribute new coins to compliant users, timing depends on each CEX's response.
3. On-chain tools: snapshot taken at the moment of the hacker's first transfer, holding wallets will use the exchange portal, expected to be online in ≤5 days; new treasury address will transfer on-chain according to snapshot amounts.
4. Timeline: first batch from CEX in 1-5 working days, stablecoin recovery calculated separately; on-chain exchange expected within 5 days, @UXLINKofficial will respond to DAXA inquiries.
5. Compensation: illegal/stolen shares do not participate in the exchange, future community compensation will include buyback, staking rewards, trading incentives, etc.
Risk control and opportunities:
Avoid engaging in arbitrage from incidents, many addresses are being frozen and tracked; compliant positions will receive 1:1, and there may be additional profit windows after the new circulation is restored.
Strategy (personal):
Wait for platform announcements and first batch exchanges for CEX holdings, no rush to move.
Retain original wallet for on-chain holdings, wait for the portal to go live before exchanging.
New entrants should wait for compensation details and circulation rhythm before determining positions.
Should you buy $UXLINK? Watch the execution, wait for the 5-day window.
Link (audit):
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