WHAT IS UNISWAP GOVERNANCE TOKEN (UNI)?
DeFi leader Uniswap, has stepped it up with a governance token of their own – UNI. As expected of such a behemoth of a platform, they have big aspirations. Aspirations that are well encapsulated by the one billion coins stocked for release over the next four years.
To Uniswap, this is a chance to reward their community members, investors, present/future employees, and advisers with a planned token allocation of 60%, 17.8%, 21.51%, and 0.69%, respectively. In doing so, they follow the recent trend of protocol teams dishing out governance rights in exchange for the much-desired liquidity.
Since its launch, the UNI has not been immune to the market cap’s price volatility. Within 48 hours, the UNI token price soared as high as $8.00 as Uniswap users grabbed their share of airdropped tokens, in the following days it settled around $4.00.
However, it’s still early days for this new token, and the attractive $4.00 current market price per token has catalyzed widespread belief that this token can end up becoming DeFi’s next golden project.
The four-year vesting cycle is adjudged to be worth around $600 million in potential yields for the 17.8% (178 million tokens of UNI) to be shared to the investors.
Search for a Digital Asset or ICO
Digital asset rankings and prices
Recently added crypto videos
Cryptocurrency influencers and blockchain channels
Upcoming blockchain events and conferences
Upcoming, active, and past ICOs, STOs, TGEs
Top paying blockchain affiliate programs
Blockchain marketing and public relation services
