UXLINK Season 4 Social Club Card Phase 2 Sells Out with Technical Issue

**UXLINK launches Snapshot vote for Phase 2 compensation** targeting users who bought tokens after the September 22 hack. **Key proposal elements:** - Early unlock of 8-12% of Community, Treasury & Team tokens - Investor tokens remain on original vesting schedule - All recovered funds from exchanges will buy back UXLINK tokens for compensation **Protection measures:** - Compensation based on average buy price vs 7-day TWAP before Sep 22 - Suspended and suspicious accounts excluded - Dedicated multisig wallet for swap operations **Vote now:** [Snapshot proposal](https://snapshot.box/#/s:uxlinkcommunity.eth/proposal/0xdd3a8319756c641a21563afb7859a7e363edf922a7220cd4670f4f32a9493eca) This follows UXLINK's September security breach and ongoing recovery efforts across multiple exchanges.

**UXLINK migration portal launches October 1st** at 10AM UTC+9, marking a significant transition for the platform. **Key timeline:** - New UXLINK positions stopped September 26 at 9AM UTC - Trading pair liquidity removed September 30 at 9AM UTC - All positions must be closed by September 30 deadline Users need to **complete their migrations** through the new portal to maintain access to UXLINK's social Web3 platform features.

UXLINK begins token migration next week following security breach recovery efforts. **Key Updates:** - **Security upgrade** completed with third-party advisor approval - **CEX migration** starts next week with phased compensation approach - **On-chain migration** also begins next week, UXLINK covers gas fees - **Staking users** can claim tokens and APY through October 31, 2025 **Technical Details:** - New tokens generated exclusively for swaps with exchanges and users - Tokens remain locked until transferred to exchanges and market makers - Token circulation and vesting schedule unchanged from whitepaper - New contract includes **locked max-supply function** at code level **Background:** This follows a September security breach where hackers conducted unauthorized token minting. UXLINK worked with exchanges to freeze stolen assets and developed a 1:1 token swap plan. The new contract eliminates mint-burn functions while maintaining cross-chain capabilities through partner services. Migration addresses regulatory variations across regions and different exchange operational processes.

UXLINK has launched a new rewards program on KaitoAI's platform, running from June 12 to July 18, 2025. Key details: - Total reward pool: 500,000 UXLINK tokens - Rewards distribution date: July 21, 2025 - Platform: [KaitoAI Yaps](http://yaps.kaito.ai/uxlink) Participants can earn rewards by: - Creating posts about UXLINK - Climbing leaderboard ranks - Becoming top KOLs (Key Opinion Leaders) Join the community through the [UXLINK X Community](https://x.com/i/communities/1932731235266372076/about) to participate.