WHAT IS UNISWAP GOVERNANCE TOKEN (UNI)?

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WHAT IS UNISWAP GOVERNANCE TOKEN (UNI)?

Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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. 

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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