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UXLINK releases contract migration plan: The new contract will be deployed on the Ethereum chain, with a token issuance of 1 billion.
Golden Finance reports that UXLINK, which was previously attacked by hackers, has released a contract migration plan. The new UXLINK contract will be deployed on the Ethereum Mainnet, with a total issuance of 1 billion tokens, and will conduct a 1:1 swap with the old UXLINK contract. The new contract has removed the burning feature but will utilize services from cross-chain partners to retain cross-chain functionality. The migration plan consists of two parts: one for centralized exchanges and one for on-chain users. UXLINK will take a Snapshot at the Timestamp of the hacker's first transfer, and ordinary users holding UXLINK before that time will be eligible for the 1:1 exchange. The first batch of exchanges on CEX is expected to be completed within 1-5 working days, with the specific time depending on CEX response time, and the additional compensation timetable depending on recovery status.