Join 100,427 users already on read.cash

Uniswap releases UNI governance token

0 3 exc
Avatar for and1514
Written by   1
2 years ago


Leading decentralized exchange (DEX) Uniswap has released the UNI governance token. He was listed on the Binance exchange almost immediately.


The total emission of UNI will be 1 billion 60% allocated for the community - they will be distributed over four years. At the time of writing, Uniswap has already allocated 15%. The team, current and future employees, will receive 21.51% through the vesting program. Another 17.80% was assigned to investors, and 0.069% - to project advisors.

According to Cointelegraph, about 13,000 Uniswap users have already requested tokens. High demand has led to a sharp rise in fees on the Ethereum network.

Uniswap previously lost 70% of its liquidity due to a migration to the rival SushiSwap protocol, which attracted liquidity providers by distributing the SUSHI governance token.

3
$ 0.00
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments