UXLINK proposes governance for token buybacks

Web3 social infrastructure project UXLINK has initiated a governance proposal to use a portion of its revenue for token buybacks, the project announced on X. The proposal calls for using monthly revenue to purchase at least 1% of the total UXLINK token supply, which would then be held in a strategic reserve. UXLINK stated that despite its stable growth and monthly profits, the project's intrinsic value is not fully reflected in the market. It added that the proposal is a sustainable mechanism based on a firm belief in the project's future. The vote is scheduled to conclude on Dec. 27.