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UEEx has unveiled its transformative platform token, UECoin (UE), on July 18, 2024.
Built on the Binance Smart Chain (BSC), UECoin is capped at 10 billion tokens, aiming to become a premier functional token in the cryptocurrency landscape. With a presale price set at 0.0001 USDT, 1.5 billion UE (15% of the total supply) was allocated for this phase. The remaining tokens are designated for Mining Rewards (75%, or 7.5 billion UE) and Ecosystem Development (10%, or 1 billion UE).
By the end of July, the token was officially listed for spot trading, wealth management, and collateral lending. The token’s price surged from 0.0001 USDT during the presale to a peak of 0.00722 USDT.
By the time this article was written on Aug 27th, UE price surged past 0.4 USDT from 0.009 USDT within a short period today, marking an increase of 4344.44%.
Source: ueex.com
Innovative Earning with UECoin Miner
UECoin introduces earning through the UECoin Miner Telegram mini program. This tool allows users to accumulate UECoin by engaging with the app, which generates UECoin or USDT every minute. By expanding their activity within the mini program, users can boost their earning potential.
Leveraging Telegram’s expansive user base, UECoin Miner drives traffic to both UECoin and UEEx, accelerating user growth and potentially increasing UECoin’s demand.
UECoin’s Value and Buyback Strategy
UECoin offers multiple use cases on the UEEx platform:
- Fee Payments: Pay for trading, withdrawal, and listing fees using UECoin.
- Token Sales: Access exclusive token sales for UECoin holders.
- Fee Discounts: Enjoy reduced trading fees as a UECoin holder.
- Staking: Stake UECoin to operate validator nodes and participate in governance.
To bolster UECoin’s long-term value, UEEx has implemented a quarterly buyback plan. Each quarter, 20% of UEEx’s profits will be used to repurchase and burn UECoin, with the goal of reducing the total supply by 50% (5 billion UE). All buyback transactions will be transparently recorded on the blockchain, enhancing trust and supporting UECoin’s value.
Conclusion
The launch of UECoin and the UECoin Miner marks a significant milestone for UEEx. By incorporating UECoin into its platform and leveraging UECoin Miner, UEEx sets a new benchmark in user engagement and operational efficiency.
UECoin’s strategic tokenomics and unique features, including its integration with Telegram, position it to drive significant growth for UEEx. As UEEx continues to evolve, UECoin will play a crucial role in enhancing the platform’s offerings and establishing a strong presence in the competitive cryptocurrency market. This dual strategy—combining versatile token uses and an engaging earning mechanism—ensures UECoin’s pivotal role in UEEx’s growth.
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Source: https://beincrypto.com/uecoin-unlocking-potential-with-a-native-mining-strategy/