UXLINK completes first monthly buyback, CEO announces additional purchase

Web3 social infrastructure project UXLINK announced via its official X account that it has completed its first monthly token buyback for December. The purchase, which followed the approval of a community governance proposal, involved 10 million UXLINK, equivalent to 1% of the total supply and valued at approximately $148,000. The proposal called for using a portion of the protocol's monthly revenue to buy back at least 1% of the token supply for a strategic reserve. Separately, UXLINK CEO Rolland announced plans to personally fund an additional buyback of another 1% of the total UXLINK supply from the open market.