UXLINK Buyback and Strategic Reserve Proposal Passed, Monthly Buyback of No Less Than 1% of Total UXLINK Tokens

2025-12-27 by admin

BlockBeats news, December 27, the UXLINK community passed the ‘Buyback and Strategic Reserve’ governance proposal with 100% support. According to the implementation plan, the project will initiate the program starting this December, using project profits to repurchase no less than 1% of UXLINK’s total supply each month, and deposit it uniformly into the strategic reserve pool.

Officially stated, this mechanism will continuously advance value backflow, and token value accumulation begins immediately.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.