Uniswap Launches Governance token UNI

Uniswap Launches Governance token UNI

By Abhimanyu Krishnan | News | 17 Sep 2020

Decentralized trading platform Uniswap has launched its highly anticipated governance token UNI on September 16.

  • The governance token is bid by the team to make the platform more decentralized, with community governance arriving on launch
  • Four liquidity mining pools are currently available: ETH-DAI, ETH-USDT, ETH-USDCand ETH-wBTC
  • 15% of the 1 billion supply has been distributed to historical liquidity providers; 5 million UNI has been allocated for each liquidity mining pool as rewards
  • The token will be distributed as follows: Uniswap community members (60% of supply), team members/future employees (21.51%), investors (17.8%) and advisors (0.69%)
  • The launch was precipitated by the SushiSwap platform, which had attempted to lure Uniswap users with better returns and lower fees
  • The unaudited SushiSwap platform has received a good deal of criticism both for its unaudited nature and its token distribution

Related Reading:

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.