FAQ

Were UIL tokens initially minted?

No, UIL tokens were not initially minted. UIL tokens are generated through the fair Proof of Link (POL) mechanism, and users can only obtain them by inviting friends and building social relationships.

Will UIL tokens be infinitely minted?

No, UIL tokens will not be infinitely minted. The speed of UIL token generation will decrease exponentially as the number of people in the UILINK network increases over time. When the number of people in the UILINK network reaches 30 million (the number of Bitcoin holding addresses), token generation will stop completely. The data model estimates that there will be a total of about 4 billion UIL tokens. Additionally, UIL tokens have a burning mechanism, so UILINK will enter a deflationary state in the future.

Why are UIL tokens valuable?

UIL tokens are a reward for monetizing social relationships. The number of UIL tokens obtained by inviting friends to join the network reflects the social value of the user. Additionally, UIL tokens are the application tokens of the ecosystem and can be used to purchase services or used in ecosystem DAPPs.

How can I earn more UIL tokens?

There are two ways to earn UIL tokens: 1. Invite more friends to join your social network and earn token rewards for free; 2. Purchase UIL tokens in a DEX or CEX.

What can I do in the UILINK ecosystem?

You can invite your friends to join the UIL network and earn UIL tokens for free. You can also purchase UIL tokens in a DEX or exchange them for other tokens you like. Additionally, if you are a developer, you can join Builder and become a member of the UILINK team.