Today, the price of BTC has surged past $35,000, reaching a new high since June, last year. The entire crypto market seems to be cycling back to the excitement of the early bull market. Meanwhile, it has been exactly seven months since I bid farewell to BitKeep, during which I immersed myself in the world of product development, and attempted to race against time. We know that bear markets offer a treasure trove for grassroots product builders, but It's only when the industry takes a breather that time and space truly belong to us (builders).

Today October 24, 2023, UXUY will be released officially. Before this, UXUY had gone through 6 beta updates, with over 50,000 users actively participating and providing invaluable user feedback. I would like to take this opportunity to express my heartfelt gratitude to all the users who participated in the testing.

As with all things that I do, today has great significance. Releasing the official version on a date like 1024 is not only a tribute to computers but also an announcement to our users, partners, and investors: UXUY is prepared for the bull cycle.

Forged in the bear market of 2023, UXUY faced a more challenging financing environment compared to the past two years. However, we were fortunate as Bixin Venture quickly recognized my desire to embark on a new entrepreneurial journey and invested in us. Subsequently, Waterdrip Capital's Dashan not only provided financial support but also introduced valuable partners. Wang Feng of LK Venture called me from Hong Kong and decided to invest in us. UXUY is positioned as the next-generation DEX, and we unexpectedly received support from several top CEXs, from Kucoin to Pionex, and more recently joined the Binance Labs incubator. This series of recognitions has left us deeply gratified.

More challenging than fundraising is the refinement of the product. To lower the barrier of wallet usage, address single-point issues, and achieve mass adoption, we introduced the MPC mechanism to manage wallets. To simplify cross-chain transactions, we built the uPool based on stablecoins. To address the pain point of users regarding Gas, we introduced the Gas credit solution - GasPool. There are more than a hundred such product demands, and innovation is our inexhaustible driving force. Today's UXUY has only taken the solid first step. We look forward to the arrival of the bull market, but we also hope the bear market doesn't leave too soon because we're afraid we're not fully prepared, and we agonize over this fluctuating mood every day.

For projects like UXUY, perfecting the trading product is crucial, but solving the user cold start problem remains challenging. Why do users come in the first place? So, we launched on-chain Social Trading. Unlike traditional exchanges' Copy Trading, on-chain trading data is clear, complete, and tamper-proof, presenting a gold mine waiting for us to explore. We use AI technology to analyze on-chain data and provide traders with real-time trading signal alerts. You can check the real-time dynamics of each transaction just like browsing Twitter and understand the overall profit and loss situation. This feature has been brewing in my mind for fifteen years when I was still a programmer at East Money. Finally, on UXUY, I turned this dream into reality.

Creating a great product is an essential part, but it also requires courage and opportunity. The five years of working on BitKeep was the best training for me and my team. We continuously challenged ourselves and explored new opportunities. Looking back, we attempted to integrate with the EOS ecosystem in 2018, supported TRON's USDT as soon as it launched in 2019, provided mobile support for viewing Uniswap prices and trading before DeFi Summer arrived in 2020, dedicated significant development resources to integrate with the Solana ecosystem in 2021, and placed our bets on the rise of the Polygon ecosystem in 2022, becoming the most active Polygon wallet, and so on. We never missed any opportunity, continuously evolving and growing.

Now, in 2023, we are focusing on a special track, betting on Bitcoin, specifically the Bitcoin Lightning Network, and even more specifically, Taproot Assets. We have not only become the world's first DEX to implement a Lightning Network node but have also opened resources to the Taproot ecosystem. On the day Taproot Assets went live on the Bitcoin Mainnet, we completed the minting of new assets. We understand the consensus, efficiency, and low-cost characteristics of the Lightning Network, and we firmly believe that this will trigger a Bitcoin DeFi Summer. We are working to bridge the gap between Ethereum, BNB Chain, and Bitcoin, not just to simplify transactions but to make Bitcoin great again.

Unlike traditional Bitcoin maximalists, we had already fully supported dozens of public chains for cross-chain transactions before integrating with the Lightning Network. We are practical Bitcoin maximalists. We can proudly say that UXUY is the team that understands Ethereum and the EVM ecosystem the most within the Bitcoin ecosystem.

This is my sixth year of blockchain entrepreneurship and my second experience in a bear market. Every bear market makes many peers feel frustrated and leave the industry. I seem to be the odd one out, always unwilling to waste the time before the bull market arrives. I have been focused on making the product better and preparing for new narratives and new eruptions, and I don't even know why I am so committed to Crypto. This reminds me of the day I left East Money on June 12, 2008, when the Shanghai Composite Index closed at 2957 points, exactly the same as today.

Crypto is not my hallucinogen; Crypto is my lifesaver. I cherish it, even in a bear market...

Kevin A programmer From UXUY.com Oct. 24th, 2023, Singapore