What is UX?
UX is a cross chain DeFi hub that interconnects between blockchains.
As a base layer blockchain, applications and money lego primitives can be built on top of UX to access cross-chain leverage and liquidity. The UX Blockchain facilitates interoperability for a Tendermint Proof of Stake protocol with the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols.
As a Cosmos SDK blockchain, the UX Chain is interoperable with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and 30+ other chains, plus Ethereum, from Day 1.
Why was UX created?
UX was created to address three main issues that exist in DeFi:
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Detached Yields
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Concentrated Systematic Risks
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Isolated Capital
UX plans to break the inherent silos between blockchains by utilizing bridging solutions towards interconnecting blockchains and encouraging better capital efficiency. The eventual goals will be to enable interchain lending and borrowing, multi-chain staking and delegations, plus cross chain defi rates.
What is the native UX token?
The native UX token is a Proof of Stake asset that can exist as a Cosmos SDK token and an ERC20 token on Ethereum.
UX tokens are used to pay for network fees on the UX Chain, to provide Proof of Stake consensus to the UX network, and for protocol governance.
UX Chain Price Analysis
As of December 25 2024 UX Chain has a marketcap of $3.9M.
This is {{percentagefromath}} from its all time high of $0.359554.
In terms of its tokenomics, there's a total supply of 12B with 36% currently outstanding.
Keep in mind UX Chain has a fully diluted value of $11M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
