TechFlow reported on March 27 that, according to an official announcement from uDEX, the project has coordinated with all stakeholders and reached the following action plan aimed at addressing market concerns and moving the project forward:
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The developer team wallet (similar to a foundation) will be locked for two years;
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149 million $UUU tokens (14.9% of total supply) from internal wallets will be allocated for community airdrops, partnerships, and liquidity provision, with all operations remaining transparent and subject to rolling lock-ups;
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500 million $UUU tokens (50% of total supply) will be sent to a burn address for permanent destruction, expected to be completed in the near future;
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18 million $UUU tokens linked to insider trading will be burned with Binance's assistance.
Previous report, Binance announced on March 25 that one of its employees had engaged in "front-running trades" using material non-public information and has since been suspended and will face legal accountability.
