Decentralized Exchange Uniswap’s governance token, UNI was launched Wednesday night (September 16th,2020) has emerged victorious as soon as it was launched! It defied the predictions it faced about a price dump and took a leap to reach among the top-65 ranked crypto asset by market cap!
Even though it has been on a roller-coaster ride since the time of its launch, it has minted 1 billion coins which is planned to be released to the public over the next four years! Out of the 1 billion tokens, 60% will go to the UNISWAP community members with the remaining 40% going to team members, investors, and advisors. After four years, the token will have an inflation rate of 2% annually.
The firm’s official statement said “UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.”
“Uniswap is now particularly well positioned for community-led growth, development, and self-sustainability. The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.”, it read further.
More than 50,000 addresses were holding UNI at launch time. Uniswap’s token came just a week after SushiSwap migrated over $800 million in crypto assets from the former to jump-start its competing AMM.
Social Media was taken by a storm by this surprise launch of UNICOIN! It has already been listed on majority of exchanges and is already trending.
There were many predictions as well doing rounds on social media:
Major centralized exchanges, including Binance and Coinbase Pro, listed UNI within just a few hours since its launch. Coinbase is among the project’s investors.
BC.Game has also made UNI COIN available on it site for users within two days of its launch!