UXUY Pioneers Taproot Asset Universe Service, Fully Integrating Infrastructure into the Bitcoin Ecosystem

On November 6, 2023, UXUY announced the official launch of its “Universe” service, marking a significant milestone in its “UXUY Struck by Lightning” plan to enhance the Bitcoin ecosystem. UXUY is now the second provider in the world, following Lightning Labs, to offer this service.
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What is the Universe service
The Universe service introduced by UXUY is essentially a repository for assets and their associated proofs. It can provide information about various asset types, including stablecoins, detailing asset issuance, quantity, rules, and recent transfer proofs. Think of it as a Block Explorer, but with a unique feature: it stores Taproot asset transaction data off-chain while remaining synchronized with the Taproot asset client.

With the release of Taproot Assets v0.3, the Multiverse Mode is activated, allowing multiple Universe servers to work together as a federation. This synchronization ensures that data remains consistent, even if the issuer’s server goes offline, thereby verifying the legitimacy of assets during on-chain Taproot transactions.

For on-chain Taproot asset transactions, users no longer need both parties to be online simultaneously. Receivers can generate an address to which anyone can send assets at any time. Taproot Assets v0.3 facilitates this by enabling developers to add a proof-retrieval Uniform Resource Identifier (URI) to an on-chain address. The receiver’s wallet can then sync with the specific Universe server detailed in that URI to download the off-chain proof data they’ll need for future asset transfers, all happening seamlessly in the background.

Release of Taproot Block Explorer
In addition to the Universe service, UXUY has also launched the Taproot Block Explorer, catering to traders and users who want to explore and identify assets in the Taproot Assets ecosystem. This will further contribute to bridging Bitcoin with other blockchain networks like Ethereum and BNB. With the upcoming Bitcoin Lightning Network, users can conduct secure, low-cost asset transfers and transactions with ease.

Why build Bitcoin infrastructure?
UXUY’s commitment to building Bitcoin infrastructure is driven by the enormous potential within the Bitcoin ecosystem. While Ethereum and EVM ecosystems have thrived with various applications, Bitcoin’s application layer has lagged behind. With the launch of Taproot Assets on the Bitcoin main network, UXUY is ready to support the growing wave of projects and asset issuance within the Bitcoin network.

UXUY’s dedication to Bitcoin infrastructure development includes:

Connecting to Lightning Network nodes and becoming the first DEX to implement Lightning Network nodes.
Becoming a core contributor to Lightning Labs.
Offering full access to Bitcoin Taproot Assets.
Launching the Taproot Assets Block Explorer V1.0.
Initiating Project Columbus and introducing a lightning address service, becoming the world’s first address service compatible with multiple chains.
UXUY’s belief is that, with Bitcoin’s robust Proof of Work consensus mechanism, the cryptocurrency market will gradually shift toward decentralization, achieving the vision of true decentralization.

Connecting Bitcoin and Ethereum Ecosystems
UXUY’s mission extends beyond Bitcoin, aiming to connect multiple blockchain ecosystems. Before supporting Bitcoin, Lightning Network, and Taproot assets, UXUY has already established connections with Ethereum, BNB Chain, Polygon, Tron, Optimism, Arbitrum, Avalanche-C, Fantom, Linea, Base, and other public chains, as well as Layer 2 solutions. UXUY sees transactions as the key to breaking down barriers and fostering a more interconnected blockchain space.

The “UXUY Struck by Lightning” plan is an ongoing initiative, with no fixed endpoint, dedicated to building Bitcoin’s infrastructure and promoting the development of the Lightning Network and Taproot Assets. 

 UXUY: Prepared for the Bull Run!

Today, the price of BTC has surged past $35,000, reaching a new high since June, last year. The entire crypto market seems to be cycling back to the excitement of the early bull market. Meanwhile, it has been exactly seven months since I bid farewell to BitKeep, during which I immersed myself in the world of product development, and attempted to race against time. We know that bear markets offer a treasure trove for grassroots product builders, but It's only when the industry takes a breather that time and space truly belong to us (builders).

Today October 24, 2023, UXUY will be released officially. Before this, UXUY had gone through 6 beta updates, with over 50,000 users actively participating and providing invaluable user feedback. I would like to take this opportunity to express my heartfelt gratitude to all the users who participated in the testing. As with all things that I do, today has great significance. Releasing the official version on a date like 1024 is not only a tribute to computers but also an announcement to our users, partners, and investors: UXUY is prepared for the bull cycle.

Forged in the bear market of 2023, UXUY faced a more challenging financing environment compared to the past two years. However, we were fortunate as Bixin Venture quickly recognized my desire to embark on a new entrepreneurial journey and invested in us. Subsequently, Waterdrip Capital's Dashan not only provided financial support but also introduced valuable partners. Wang Feng of LK Venture called me from Hong Kong and decided to invest in us. UXUY is positioned as the next-generation DEX, and we unexpectedly received support from several top CEXs, from Kucoin to Pionex, and more recently joined the Binance Labs incubator. This series of recognitions has left us deeply gratified.

More challenging than fundraising is the refinement of the product. To lower the barrier of wallet usage, address single-point issues, and achieve mass adoption, we introduced the MPC mechanism to manage wallets. To simplify cross-chain transactions, we built the uPool based on stablecoins. To address the pain point of users regarding Gas, we introduced the Gas credit solution - GasPool. There are more than a hundred such product demands, and innovation is our inexhaustible driving force. Today's UXUY has only taken the solid first step. We look forward to the arrival of the bull market, but we also hope the bear market doesn't leave too soon because we're afraid we're not fully prepared, and we agonize over this fluctuating mood every day.

For projects like UXUY, perfecting the trading product is crucial, but solving the user cold start problem remains challenging. Why do users come in the first place? So, we launched on-chain Social Trading. Unlike traditional exchanges' Copy Trading, on-chain trading data is clear, complete, and tamper-proof, presenting a gold mine waiting for us to explore. We use AI technology to analyze on-chain data and provide traders with real-time trading signal alerts. You can check the real-time dynamics of each transaction just like browsing Twitter and understand the overall profit and loss situation. This feature has been brewing in my mind for fifteen years when I was still a programmer at East Money. Finally, on UXUY, I turned this dream into reality.

Creating a great product is an essential part, but it also requires courage and opportunity. The five years of working on BitKeep was the best training for me and my team. We continuously challenged ourselves and explored new opportunities. Looking back, we attempted to integrate with the EOS ecosystem in 2018, supported TRON's USDT as soon as it launched in 2019, provided mobile support for viewing Uniswap prices and trading before DeFi Summer arrived in 2020, dedicated significant development resources to integrate with the Solana ecosystem in 2021, and placed our bets on the rise of the Polygon ecosystem in 2022, becoming the most active Polygon wallet, and so on. We never missed any opportunity, continuously evolving and growing.

Now, in 2023, we are focusing on a special track, betting on Bitcoin, specifically the Bitcoin Lightning Network, and even more specifically, Taproot Assets. We have not only become the world's first DEX to implement a Lightning Network node but have also opened resources to the Taproot ecosystem. On the day Taproot Assets went live on the Bitcoin Mainnet, we completed the minting of new assets. We understand the consensus, efficiency, and low-cost characteristics of the Lightning Network, and we firmly believe that this will trigger a Bitcoin DeFi Summer. We are working to bridge the gap between Ethereum, BNB Chain, and Bitcoin, not just to simplify transactions but to make Bitcoin great again.

Unlike traditional Bitcoin maximalists, we had already fully supported dozens of public chains for cross-chain transactions before integrating with the Lightning Network. We are practical Bitcoin maximalists. We can proudly say that UXUY is the team that understands Ethereum and the EVM ecosystem the most within the Bitcoin ecosystem.

This is my sixth year of blockchain entrepreneurship and my second experience in a bear market. Every bear market makes many peers feel frustrated and leave the industry. I seem to be the odd one out, always unwilling to waste the time before the bull market arrives. I have been focused on making the product better and preparing for new narratives and new eruptions, and I don't even know why I am so committed to Crypto. This reminds me of the day I left East Money on June 12, 2008, when the Shanghai Composite Index closed at 2957 points, exactly the same as today.

Crypto is not my hallucinogen; Crypto is my lifesaver. I cherish it, even in a bear market...

Kevin A programmer

From UXUY.com

Oct. 24th, 2023, Singapore 

 Major Highlights of the Bitcoin Amsterdam Conference attended by the UXUY Team

The UXUY team turned up in Europe for the Bitcoin Amsterdam conference on October 13, 2023. It was on this same day that the team released the Bitcoin Lightning Network node, becoming the world’s first DEX to run a Lightning Network node. Bitcoin Amsterdam is Europe’s largest Bitcoin conference, co-organized by Bitcoin Magazine, BTC Inc., and Amsterdam Decentralized. During the conference, the UXUY team had insightful conversations with the core developers of the Bitcoin community and the Lightning Network community, consulted on BLIP proposed by UXUY, and received positive feedback.

We observed from the new faces seen at the Bitcoin Amsterdam conference that Bitcoin and decentralized consensus are gaining momentum. This is not just another conference; this is a celebration of innovations in Bitcoin.
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Bitcoin and the Decentralization Movement
As a guest speaker at Bitcoin Amsterdam, Edward Snowden, the exile who once exposed the United States’ “Prism” program, delivered a speech titled “Edward Snowden” via the Internet. His appearance was undoubtedly the biggest event of this conference. In addition, Stella Assange, the wife of journalist Julian Assange, who was imprisoned for exposing American war crimes, and Balaji Srinivasan, the author of “The Network State”, all took the stage to give brilliant speeches.
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Although they are not the core developers of Bitcoin, nor the builders of ecological applications, their speeches indicate that the significance of Bitcoin is not limited to cryptocurrency itself, but has become a weapon to break hegemony and monopoly. Bitcoin is becoming an integral part of the decentralization process.

Lightning Network in Conversation
At the Bitcoin Amsterdam Conference, a discussion titled “Limitations Of Lightning” left a deep impression on the team.

Christian Decker from Blockstream said that the Bitcoin ecosystem is becoming more and more popular, and the previous popularity of the Ordinals protocol and BRC-20 tokens exposed the Full Block problem. At the same time, the rise of the Lightning Network has given rise to a very interesting reaction to the Bitcoin protocol. He said:

That’s a very, very subtle interplay of the two protocols that it took years for us to realize that there are such attacks. And for me, that is very exciting as well, because there’s a new building site. I can sort of start building my protocols again. But looking from the outside, it might look very scary as well.
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Niftynei, the founder of Base58, added, “Pinning attacks are, unlike such a niche thing. I think it’s a good way to say it. To understand what that is, this has to do with it when you’re trying to close the lightning channel and the mempool is full or maybe there’s someone who’s trying to prevent your closed transaction from reaching the miners, et cetera. In order to understand that problem with those kinds of technical issues around it, you have to understand how the mempool works. And it turns out that a lot of people don’t understand how the mempool works.”

Lightning Network core developer Rene Pickhardt expressed his views on how Lightning Network operators can better distribute liquidity. He said: “Definitely, I think liquidity adds are like a coordination mechanism, right? Like in most markets, it’s about coordination, right? Someone needs inbound liquidity, someone wants to sell that liquidity that they have available. And so it’s just helping those two parties coordinate the rate. So that’s kind of one of the cool things with markets is helping people find signals about where liquidity is needed. That’s the people that want to buy it and then where people are willing to provide it. And that’s how it was through the advertisement. “

UXUY will stand at the forefront of the industry, continue to pay attention to industry trends, and ensure the absolute security of user assets as we venture into the lightning network.

On the Road
After the conference, we left the charming city of Amsterdam. With the rapid development of the Lightning Network, crypto industry practitioners are beginning to pay attention. We left the conference with the resolve to UXUY continue to improve the Bitcoin ecosystem, promote the development of Lightning Network and Taproot Assets innovation, become an active contributor, and jointly shape our decentralized future. 

 UXUY Announces Full Access to Taproot Assets on the Bitcoin Network

At 15:06 on October 18, 2023 (UTC), the Bitcoin block height was 812767, and Taproot Assets was officially launched on the Bitcoin main network. Lightning Network Labs described this upgrade as opening a new era for Bitcoin:

Taproot Assets will give developers “the tools needed to make Bitcoin a multi-asset network, but in a scalable manner that upholds Bitcoin’s core values
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UXUY Gains full access to Taproot assets
Since the official launch of the Bitcoin Layer 2 plan, UXUY has actively participated in the Bitcoin and Lightning Network ecosystem. During the Bitcoin Amsterdam Conference, UXUY officially released the Bitcoin Lightning Network node and became the world’s first DEX to run a Lightning Network node.

And now, UXUY is the first to announce full access to Taproot assets and fully open Lightning Network nodes to the Taproot asset ecosystem. As a next-generation decentralized multi-chain trading platform, UXUY will improve the trading environment of Taproot assets and launch BLIP — the definition of Bitcoin Taproot Assets. We believe the trading layer enriches the liquidity of Taproot Assets.

In addition, UXUY has exclusively created uPool to serve multi-chain pipelines. Its core is to allow stablecoins to play a more active role in cross-chain transactions. This will help users use existing assets to directly trade Taproot assets, greatly reducing the user’s cross-chain transaction threshold cost.

Jordan, co-founder of UXUY, said, “As an important breakthrough in the Bitcoin ecosystem, Taproot assets are bound to trigger a new wave of innovation. UXUY will actively build a transaction layer based on the Lightning Network and promote crypto equality through transactions.”

$TAPROOT Genesis Airdrop
While Taproot Assets was launched on the Bitcoin mainnet, UXUY officially launched $TAPROOT based on the Taproot Assets protocol:

Asset ID
a6cf54b9e77b3ef4a5309674e7b3cc7a6193a70b8df57fca5805ecd52f86c1c0
In order to promote the development of the Bitcoin Layer 2 ecosystem and encourage users to hold and trade Taproot assets, UXUY will launch the $TAPROOT genesis airdrop through the Lightning Network. Assets are listed on the Lightning Network and airdrops will be conducted in the form of mapped Tokens.

UXUY will continue to improve the Bitcoin ecosystem, and promote the development of Lightning Network and Taproot Assets innovation. — UXUY Struck By Lightning
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 UXUY Implements Bitcoin Lightning Node to Serve Multi-Chain Trading for Taproot Assets

Today 13th of October, 2023, the next-generation decentralized trading platform UXUY will officially implement the Bitcoin Lightning Network node named UXUY. As part of the Bitcoin Layer2 plan which we aptly named- “UXUY Struck By Lightning”. The implementation of the Lightning Network node marks UXUY’s journey to becoming an active contributor, improving the Bitcoin ecosystem, and promoting the development of the Lightning Network.

Node Name:
UXUY
Node IP:
43.128.84.174:9735
Node Public Key: 0235a13fa1e3cc0e15e088a0a72c9c732e9dd42bf5dc84330c20c4f7a1e2a91061

UXUY differs from other traditional Bitcoin contributors because we focus more on connecting Bitcoin assets to Ethereum, BNB chains, and other ecosystems. We have successfully connected to Ethereum, BNB Chain, Polygon, Tron, Optimism, Arbitrum, Avalanche-C, Fantom, Linea, Base, and other public chains, and through our exclusive GasPool solution, we have reduced the threshold for cross-chain transactions between Bitcoin and other ecosystems.

At present, UXUY has successfully run the Bitcoin Lightning Network node and built infrastructure for trading Bitcoin Layer2 assets, actively participated in the construction of the Taproot Assets test network, and is well prepared for the upcoming Bitcoin DeFi Summer.
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The First DEX to Implement the Lightning Network Node
In 2020, Bitfinex officially announced the operation of Lightning Network nodes, and since then, major CEXs have successively connected to the Lightning Network. Currently, traditional CEXs such as Binance, Bitfinex, Kraken, Bitstamp, and OKX have completed the integration of the Bitcoin Lightning Network.

CEXs connected to the Lightning Network are mainly used in deposits and withdrawals, taking only partial advantage of the Lightning Network. With this situation, we can see that in the face of the upcoming outbreak of Taproot Assets, there is no ready solution for users.

As a next-generation DEX, UXUY is the first DEX to run a Lightning Network node and, with this move, promote the integration of DeFi and the Bitcoin ecosystem. As UXUY co-founder Jordan has said, “Currently, the scale of Bitcoin assets on the Lightning Network is only 5,000+ BTC, equivalent to US$100 million. In contrast, the size of USDT is US$86.6 billion. To promote the development of the Bitcoin Lightning Network ecosystem, we can not be limited to the existing asset scale of the Lightning Network. The advantage of UXUY is to introduce Stablecoin and Token assets to realize decentralized multi-chain transactions. This is the essential difference between us and traditional Lightning Network products (such as Walletofsatoshi, Phoenix, Muun).”

Elizabeth Stark, co-founder of Lightning Network, has also affirmed UXUY’s stance on the matter. In a statement, she said,

Taproot Assets helps Bitcoin in numerous ways, including onboarding people to Bitcoin through fiat where they can easily swap between assets. This is particularly useful in a high-inflation environment, as many people around the world live in economies where their currencies are continually losing value. Thus, Taproot Assets helps facilitate fiat to Bitcoin rails. Further, as Taproot Assets uses bitcoin liquidity to route assets issued on the protocol, there will be greater demand for bitcoin on the Lightning Network. As a result, bitcoin will route dollars, fiat, and everything in between. This is how we bitcoinize the dollar.

We believe UXUY’s move to implement a Lightning Network node may have a ripple effect throughout the industry, driving more DEXs to support the Bitcoin Lightning Network. As more and more users join the network, the Lightning Network’s node and channel scale may once again reach new heights.

Multi-chain transactions for Taproot Assets

UXUY will fully open Lightning Network nodes to the Taproot Assets ecosystem and promote the construction of Lightning Network infrastructures. As the next generation of decentralized multi-chain trading platform, UXUY will improve the trading environment of Taproot Assets, launch BLIP — define the trading layer based on Bitcoin Taproot Assets, and enrich the liquidity of Taproot Assets.

UXUY will help Taproot Assets’ asset issuers complete project deployment, issuance, and liquidity management. Significantly reducing the cost for project parties to issue assets on the Lightning Network, especially for the DeFi and RWA fields, UXUY will provide rich development tools and Bitcoin Lightning Network node support.

UXUY has exclusively created uPool to serve multi-chain pipelines. Its core is to allow stablecoins to play a more active role in cross-chain transactions. This will help users use existing assets to directly trade Taproot Assets, greatly reducing users’ costs. Cross-chain transaction threshold.

UXUY’s implementation of the Bitcoin Lightning Network node is just the first step in Struck By Lightning. If you are also a Crypto Native, join UXUY in Struck By Lightning!

About Lightning Network
The Lightning Network is a Layer2 solution for Bitcoin. Due to the limitations of Bitcoin’s scalability, the Bitcoin network can only handle 5 to 7 transactions per second on average, which is far from meeting people’s transaction needs. Joseph Poon and Thaddeus Dryja first proposed the idea of Lightning Network in February 2015 and released a white paper on Lightning Network in January 2016. Lightning Network was officially born. The Lightning Network greatly improves the transaction throughput of the Bitcoin blockchain without changing the core protocol of the Bitcoin network. The Lightning Network guarantees millions to billions of transactions per second, as well as cross-chain atomic swaps.

About UXUY
UXUY, incubated by Binance Labs, is a next-generation decentralized multi-chain trading platform based on MPC & AA wallets. Adhering to the concept of “Your Crypto, You Control”, UXUY actively participates in the construction Bitcoin Layer2 ecosystem. UXUY provides traders with instant cross-chain trading services for digital currencies and encrypted assets between public chains. It has currently been connected to Ethereum, BNB Chain, Polygon, Tron, Optimism, Arbitrum, Avalanche-C, Fantom, Linea, Base, etc. Public chain and Layer 2. By establishing an intent-centered social trading function and creating an aggregated liquidity pool around stablecoins, the universal Gas solution — GasPool, provides users with a CEX-like trading experience. Dedicated to helping users “Follow the Smart Money”, UXUY significantly lowers the barriers to social transactions on the chain. 

 UXUY Sponsored Satoshi Awards Announced Telegram & TON As Winners
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The prestigious Web3 and cryptocurrency industry summit, TOKEN2049, kicked off in Singapore on September 13, 2023. On the same day, The Satoshi Nakamoto Awards, sponsored by UXUY, held its award ceremony at the Singapore FinTech Association, revealing all the major award winners. UXUY co-founder Jordan was in attendance and presented awards to those winners.

The TON team won Ecosystem of the Year at The Satoshi Nakamoto Awards. John Z from the TON Foundation delivered an acceptance speech at the award presentation. The day of September 13 marked a significant day in Telegram’s history, as the social app with 800 million MAU ( Monthly Active Users ) officially launched a new self-hosted wallet called TON Space. This move is set to encourage more people to engage in the cryptocurrency space. John Z gave a demonstration of the wallet at the award ceremony, and the attendees highly praised TON for its contributions to expanding the cryptocurrency ecosystem.

UXUY co-founder Jordan presented The Satoshi Nakamoto Awards — Ecosystem of the Year to the TON team on stage.

Here are all the winners from this year’s Satoshi Nakamoto Awards:

Sam Altman (WorldCoin) — Man of the Year

TON — Ecosystem of the Year

Arbitrum — Layer 2 of the Year

PEPE — Meme of the Yea

ZK rollups — Scaling Solutions of the Year

Particle Network — Infrastructure of the Year

USDC (Circle) — Stablecoin of the Year

Bitcoin
Taproot Wizard — Bitcoin Believer of the Year

Ordinals Protocol — Bitcoin Layer 2 of the Year

Shuning Hong — Bitcoin Researcher of the Year

Contributors
Waterdrip Capital — Outstanding Bitcoin Contributor of the Year

Lido — Outstanding Ethereum Contributor of the Year

UniElon — Outstanding Dogecoin Contributor of the Year

Institutional Investors & Market Makers
A16z — Institutional Investor of the Year

LK Venture — Solid Institutional Investor of the Year

Arcane — Active Institutional Investor of the Year

Tide Capital — Emerging Institutional Investor of the Year

DFW Labs — Market Maker of the Year

Exchanges
Coinbase — Compliance Exchange of the Year

Kraken — Compliance Exchange of the Year in Europe

VDX — Compliance Exchange of the Year in Asia

Pionex — AI Trading Bot of the Year

Trading & Asset Management
Greeks.live — Options Trading Tools of the Year

DeSyn — Asset Management Infrastructure of the Year

Renora Technologies — Profile Management of the Year

TokenUnlocks — The most Valuable on-chain tool of the Year

Marketplace
friend.tech — Marketplace of the year

Blur — NFT Marketplace of the Year

GoDID — DID Marketplace of the Year

ZORA — Emerging NFT Marketplace of the Year

Planckx — Most Innovative GamiFi of the Year

Public Goods
QuestN — GM of the Year ( Growth & Marketing Platform )

Coinlive — Multimedia Community of the Year in Asia

Web3vision — Builder Community of the Year

Akasha — Outstanding Public Goods Contributor of the Year
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About UXUY
UXUY is the next-gen decentralized multi-chain trading platform based on MPC wallet and technology. Guided by the philosophy — “Your Crypto, You Control” — UXUY offers traders immediate cross-chain trading services for cryptocurrencies and digital asset types across the entire blockchain spectrum. By establishing a “stablecoin-centric” environment, UXUY provides users with a trading experience akin to traditional CEX platforms. UXUY significantly reduces the barriers to social trading on the blockchain.

About Satoshi Nakamoto Awards
The Satoshi Award is the cryptocurrency industry’s first award aimed at recognizing contributors to the decentralized world. It brings together the industry’s most outstanding practitioners, innovators, and contributors. They collectively explore the future of the industry, share cutting-edge technological innovations and perspectives, and promote the convergence of ideas and the spark of creativity. At the same time, the award also serves as recognition for the outstanding builders, projects, ecosystems, and investment institutions of the year, working together to create a superior cryptocurrency ecosystem. 

 What does joining the Binance Labs Incubator Program bring to UXUY?
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Binance’s News Brings UXUY a Tenfold Increase in App Downloads.

I am Jordan, co-founder of UXUY.

UXUY is a multi-chain trading platform based on MPC and AA wallets, established this year.

It has been a full 24 hours since Binance Labs officially announced UXUY’s selection for the sixth incubator program, and my emotions have yet to settle. I find myself constantly refreshing the data console on my computer. In the past day, our app has seen over 4,000 new downloads, with more than 800 users transferring their crypto assets into the UXUY wallet.

A significant portion of these users have completed their first transactions on UXUY. To those outside the crypto industry, these numbers may not seem like cause for celebration, but for a decentralized trading platform, these results have exceeded most people’s expectations. I speculate that among these users, there are blockchain explorers, industry professionals, and of course, investors in the crypto space.

Nearly 30 investors have reached out to me, either directly or through introductions from friends.

While congratulating us, they have also expressed their interest in participating in the next wave of funding rounds

In the somewhat harsh environment of the crypto industry, as a product that has only been in development for a few months, gaining this level of recognition from investment firms is something many would envy.

Vincent, the investment manager from KuCoin Venture, was among the first to call me. He’s been our long-time investor, having participated in UXUY’s seed round of financing. Not only did he offer his congratulations, but he also provided valuable advice for our next steps. Being from a CEX background as well, Vincent understands the value of being selected by Binance Labs Incubator. From the tone of his voice over the phone, I could tell that he, like me, was genuinely thrilled for us.

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What surprised me the most was that, for most professionals, using UXUY is actually their first experience with a DEX based on MPC wallets. People are still quite unfamiliar with the concept of using wallet phrases. Our team is even more convinced that UXUY is just starting out and before long, the seamless trading experience and user asset security will drive the crypto market to accelerate its shift toward DEX’s

On September 25th, Binance’s sixth incubator program will officially kick off, and the UXUY team is fully prepared and eagerly looking forward to it. If given the opportunity, I would be willing to continue sharing our experience of participating in Binance Labs Incubator.
Once again, I want to express my gratitude to Binance Labs for supporting products like UXUY and allowing us to work together to do meaningful things for the crypto world.

Thanks to everyone who has believed in UXUY and has downloaded the UXUY app. To show our appreciation for your support, we have prepared 20U of GasPool universal gas credits for every new user who downloads.
We hope you enjoy it.

Jordan
Co-Founder
UXUY