Foresight News
Foresight News|Oct 09, 2025 04:56
[UXLINK Phase 2 Redemption and Compensation Plan Voting Ends in 1 Hour] Foresight News reports that the voting for the UXLINK Phase 2 Redemption and Compensation Plan will end in 1 hour, with the current approval rate at 99.99%. The proposal includes unlocking community, treasury, and team tokens according to the proportions outlined in the whitepaper, while investor tokens will maintain the original unlocking schedule (no early unlocking). All unlocked tokens will be deposited into a dedicated multi-signature wallet for redemption and compensation. All recovered funds (from exchanges) + reclaimable team and treasury shares will be used to compensate affected users. Phase 2 will reference the users' average purchase/deposit price (based on the period before the centralized exchange halted UXLINK trading or the Arbitrum unauthorized token minting incident) and compare it with the 7-day weighted average price before September 22. Frozen and suspicious accounts/addresses will be excluded.
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