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UXUY founder Kevin: Fortunately, UXUY did not waste the days before the bull market.

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The new generation multi-chain DEX UXUY is ready to embrace the bull market.

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Source: UXUY

Today, the BTC price broke through $35,000, reaching a new high since June last year, and the entire crypto market seems to have returned to the excitement of the early bull market. Meanwhile, it has been exactly 7 months since I said goodbye to BitKeep, and during this time, I have immersed myself in the world of product development, racing against time. We know that the bear market is a treasure left to grassroots, and only when the industry is recuperating and hibernating, time and space will truly belong to us.

Today is October 24th, 2023, and on this day, UXUY officially launches its final version. Prior to this, UXUY went through 6 beta updates with over 50,000 active users participating and providing hundreds of valuable feedback. I would like to take this opportunity to express my sincerest gratitude to all UXUY users who participated in the testing. Releasing the final version on such a special date as 1024 is not only a tribute to computers, but also a declaration to our users, partners, and investors that UXUY has not wasted the days before the bull market arrives, and we are ready!

UXUY was born in the bear market of 2023. Compared to the past two years, the financing environment was more severe. However, we were very fortunate that Bixin Venture's Starry Sky quickly noticed my desire to start a business again and invested in us. Later, Waterdrip Capital's Dashan not only provided financial support but also introduced valuable partners. LK Venture's Wang Feng called me from Hong Kong and decided to invest in us... UXUY is positioned as the next generation DEX and has unexpectedly received support from multiple top CEXs, from Kucoin to Pionex, to MEXC, and recently joined the Binance Labs incubator. This series of recognitions has made us feel gratified.

Compared to financing, product polishing is much more difficult. In order to reduce the usage threshold of wallets, solve single-point problems, and achieve mass adoption, we introduce the MPC mechanism to manage wallets; to reduce the complexity of cross-chain transactions, we have built a stablecoin-based uPool; to solve the pain point of users without Gas, we have launched the Gas credit solution - GasPool. There are more than 100 such product requirements, and innovation is our inexhaustible driving force. Today's UXUY has only taken a solid first step. We look forward to the arrival of the bull market, but we also hope that the bear market will not leave too quickly, because we are afraid that we are not ready and we are troubled by this kind of swinging emotion every day...

For DEX projects like UXUY, having a complete trading product is important, but solving the user cold start problem is still challenging. Why do users come? Therefore, we launched on-chain Social Trading. Unlike Copy Trading on traditional trading platforms, on-chain trading data is clear, complete, and tamper-proof, which is a gold mine waiting for us to explore. We use AI technology to comb through on-chain data and provide traders with first-hand trading signal alerts. You can view real-time dynamics of each transaction like browsing Twitter and understand the overall profit and loss situation of the entire network. This feature has been brewing in my mind for fifteen years, when I was still a programmer at Oriental Fortune. Finally, on UXUY, I turned this dream into reality.

Doing a good job on product development is an essential part, but it also requires courage and opportunities. The five years of building BitKeep has been the best training for me and my team. We constantly challenge ourselves and explore new opportunities. Looking back, in 2018 we attempted to connect with the EOS ecosystem, in 2019 we were the first to support USDT on the TRON chain, in 2020 we added support for Uniswap on mobile before the DeFi Summer, in 2021 we spent a lot of development resources to integrate with Solana, and in 2022 we are betting on the rise of the Polygon ecosystem, becoming the most active Polygon wallet, and so on. We never miss any opportunity, constantly evolving and growing.

Now, in 2023, we are looking at a special track, betting on Bitcoin, specifically the Bitcoin Lightning Network, and even more specifically, Taproot Assets. We not only became the world's first DEX to implement a Lightning Network node, but also opened up resources to the Taproot ecosystem. On the day Taproot Assets launched on the Bitcoin mainnet, we completed the minting of new assets. We understand the consensus, efficiency, and low-cost features of the Lightning Network, and we firmly believe that this will trigger a Bitcoin DeFi Summer. We are working hard to build bridges between Ethereum, BNB Chain, and Bitcoin, not just to make transactions simpler, but also to Make Bitcoin Great Again!

Unlike traditional Bitcoin maximalists, we have fully supported cross-chain transactions on dozens of public chains such as Ethereum, EVM ecosystem, and TRON before integrating the Lightning Network. We are practical Bitcoin maximalists. We can proudly say that the UXUY team is the most knowledgeable team in the Bitcoin ecosystem when it comes to Ethereum and EVM.

This is my sixth year in the blockchain industry, and also my second bear market experience. Every bear market brings a lot of frustration to my peers, causing them to leave the industry. I seem to be the exception, always unwilling to waste time before the bull market arrives. I have been focusing on making products better, preparing for new narratives and new breakthroughs. Even I don't know why I am so convinced about Crypto. This reminds me of the day I left Oriental Fortune 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 bear markets...

Kevin, a programmer.

from UXUY.com

October 24, 2023 Singapore