Binance-Backed UXUY Launches $UP Rewards to Boost Multi-Chain Trading

UXUY, a multi-chain trading platform backed by Binance Labs, has launched the UXUY Point ($UP) rewards program to boost multi-chain activity.

The new program is part of UXUY’s plan to grow its user base and connect with blockchain networks. This follows a successful $7 million Pre-A round in the first half of the year.

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The $UP rewards system rewards users for participating in UXUY by giving them $UP points for various actions such as inviting new users, trading meme tokens and other activities across multiple chains. These points can be redeemed for exclusive benefits including access to upcoming Token Generation Events (TGE) and airdrop campaigns.

Multi-Chain Support and Expanding Reach

UXUY’s platform is built to support many blockchains, making it one of the most versatile in the crypto space. It currently supports Bitcoin Lightning Network, Solana, Ethereum, BNB Chain and Base, so users can trade across multiple chains seamlessly. Multi-chain is key as it allows users to diversify their trading activities and have more liquidity and market access.

With over 4 million users, UXUY has shown it can scale. Its partnership with Binance Labs, the venture arm of the world’s largest cryptocurrency exchange, gives it a strong long term growth potential. Binance Labs has backed successful crypto projects before, including Astherus, a multi-asset liquidity hub to maximize the yield of cryptocurrency assets.

$UP Rewards Program: How It Works

The $UP rewards system is both an incentive and a proof of contribution to the UXUY platform. Users can earn $UP by completing various tasks such as inviting new users and trading specific tokens like meme tokens. The rewards are designed to create a dynamic ecosystem where both new and existing users benefit from active participation.

One of the program’s highlight is the Early Bird Program which encourages users to start using the platform early. Participants in this program can earn daily rewards through farming and referrals. And one lucky user will win 1 Bitcoin (BTC) as grand prize. The Early Bird Program will continue until $UP token goes into next phase.

A Strong Future for UXUY and $UP Tokens

UXUY’s multi-chain functionality and well designed rewards program sets it up for growth in the competitive DeFi and crypto space. The launch of $UP rewards program matches the growing demand for cross-chain trading platforms as users look to optimize their cryptocurrency across multiple chains.

As UXUY grows, the integration of $UP points into the ecosystem will drive more user engagement and increase its market share. And with Binance Labs backing, the platform will expand its reach as it scales up its token offerings and new ways for users to earn rewards.

Key Takeaways:

  • UXUY’s $UP rewards program incentivizes multi-chain engagement with rewards for trading and referrals.

  • The platform supports major blockchains, including Ethereum, Solana, and Bitcoin Lightning.

  • Early adopters in the $UP rewards program can win significant prizes, including 1 BTC.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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