UXLINK Releases Contract Migration Plan: New Contracts Will Be Deployed on the Ethereum Chain, 1 billion Tokens Issued

Previously hacked UXLINK released a contract migration plan. The new UXLINK contracts will be deployed on the Ethereum mainnet with a total issuance of 1 billion, and will be exchanged 1:1 with the old UXLINK contracts. The new contracts cancel the destruction function, but will use the services of cross-chain partners to retain cross-chain functions. The migration plan consists of two parts: one for centralized exchanges, and the other for on-chain users. UXLINK will take a snapshot at the timestamp of the hacker's first transfer. Ordinary users who hold UXLINK before the relevant time will be eligible for 1:1 redemption. The first CEX redemption is expected to be completed within 1-5 working days. The specific time depends on the CEX response time. The additional compensation schedule depends on the recovery situation.