UNI, Uniswap Protocol token, was launched on September 17, and now is added to Atomic Wallet among with other 20+ DeFi assets in the list.
From now onwards, you can smoothly manage and exchange UNI in the wallet.
What is the UNI token?
According to the Uniswap’s launch announcement, “UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities”.
The UNI tokens will be utilized by the community to share the ownership and the governance of the protocol.
How is the Uniswap (UNI) Distributed?
1 billion UNI tokens have been minted at genesis and will become accessible over the course of 4 years. The initial four-year allocation is as follows:
- 15% of UNI [150,000,000 UNI] can be claimed now by past Uniswap liquidity providers, users, and SOCKS redeemers/holders. (Only those who used Uniswap before 1st September 2020 are eligible).
- 400 UNI are ‘claimable by each address that has ever called the Uniswap v1 or v2 contracts’.
From 18th September, Uniswap is also starting a liquidity mining program for four pools, USDT, USDC, DAI, WBTC, pairing with ETH. The details are here.
Uniswap (UNI) Stats
Market Cap: $921,427,686
Market Cap Rank: #26
24h Trading Volume: $3,419,942,369
24h Low / 24h High: $1.09 / $5.49
Circulating Supply: 170,000,000 UNI
What is Uniswap?
Uniswap is an Ethereum-based on-chain protocol built to facilitate exchanging ETH and ERC-20 tokens. Since its inception, Uniswap has been utilized as a highly decentralized and trustless financial infrastructure with no intermediaries, centralized party, facilitator of trade, or order book. Smart contracts determine each pool to enable the tokens swapping, add liquidity, as well as gain commission in the form of exchange fees for contributing to the liquidity pools.