What Is UECoin (UE)?
UECoin is the native utility token of the UEEx platform, designed to support and enhance the trading ecosystem within the UEEx exchange. Launched on July 18, 2024, UECoin operates on the Binance Smart Chain (BSC) and aims to provide a versatile and functional token for various uses within the platform.
UECoin serves several key functions:
- Transaction Fees: UECoin can be used to pay for trading, withdrawal, and listing fees on the UEEx platform.
- Mining Rewards: A significant portion of UECoin is allocated for mining rewards, encouraging user participation and activity within the platform.
- Governance: UECoin holders can participate in governance decisions, influencing the development and operational aspects of the UEEx platform.
The platform leverages UECoin to create a more efficient trading environment and incentivize user engagement.
Token Details and Allocation
UECoin has a total supply of 10 billion tokens, with an initial circulating supply of 1.5 billion tokens. The token distribution is as follows:
- 15% for User Presale (1.5 Billion UE)
- 75% for Mining Rewards (7.5 Billion UE)
- 10% for Ecosystem Development (1 Billion UE)
Fund allocation includes:
- 35% for platform and system upgrades, including recruitment, training, and development.
- 50% for brand promotion and marketing, aimed at blockchain innovation, user education, and advertising.
- 15% as reserves for emergencies or unforeseen situations.
Utility and Burn Mechanism
UECoin offers multiple utilities on the UEEx platform, such as fee payments and participation in token sales. The platform also implements a buyback and burn strategy, using 20% of its quarterly profits to repurchase and destroy UECoin tokens. This approach aims to reduce the circulating supply, thereby potentially increasing the token's value over time.
A fixed percentage of trading fees is burned regularly as fuel fees, contributing to the reduction of the token supply.
How to Acquire UECoin
UECoin can be acquired through two primary methods:
- IEO Presale: UECoin was available for purchase during the Initial Exchange Offering (IEO) presale, which began on July 18, 2024.
- Telegram Mini Program: Users can earn UECoin via the "UECoin Miner" Telegram mini program, which generates tokens through user interaction.
Trading and Listings
UECoin's trading pair was listed on the UEEx spot trading platform on July 22, 2024, allowing users to trade and exchange UECoin.
Founders and Development
UECoin was developed by the team behind UEEx, a trading platform focused on enhancing user experience and operational efficiency. The project benefits from the expertise of its development team, which includes professionals with extensive experience in blockchain technology and financial systems.
Where to Buy UECoin
UECoin can be traded on the UEEx platform and is listed on various cryptocurrency exchanges. For detailed trading options, users are encouraged to visit the UEEx platform and other supported exchanges.
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