Binance Labs Backed UXUY Launches Rewards Program to Boost Multi-Chain Trading

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

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Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,...

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December 25, 2024

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UXUY, a decentralized multi-chain trading platform incubated and invested in by Binance Labs, has launched its UXUY Point ($UP) rewards program.

The program aims to attract more users to the crypto space and encourage users to participate in multi-chain transactions.

In May, UXUY announced the completion of its $7 million Pre-A round financing. Binance Labs, is the venture capital and incubation arm of Binance, and most recently the firm invested in Astherus, a multi-asset liquidity hub designed to maximize the real yield of cryptocurrency assets.

UXUY Supports Solana, Ethereum, BNB Chain, and Base

The platform said it has over 4 million active users and supports blockchains—including Bitcoin Lightning Network, Solana, Ethereum, BNB Chain, and Base.

$UP is UXUY’s new rewards system, acting as a proof of contribution for users. Holders of $UP will be able unlock access to exclusive benefits, including participation in the upcoming Token Generation Event (TGE) and airdrop campaigns.

Users can earn Points through several activities, such as inviting new users to join UXUY and trading meme tokens on-chain.

How to Earn Points

So far 120,000 users activated their UXUY Telegram Wallets through referral invitations. Both referrers and new users are able to earn $UP rewards.

To incentivize early participation, UXUY said it has introduced an Early Bird Program with rewards. Early adopters can earn $UP daily through farming and referrals.

A highlight of the Early Bird Program is the grand prize of 1 BTC, which will be awarded to one participant. The program will remain active until $UP transitions to its next phase.