UNI Specifications

Type

TOKEN

Algorithm

Ethash

Protocol

PoW

Start Date

17/09/2020

Max Supply

1,000,000,000

Circ. Supply

587,658,355

Website

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Info

UNI is the governance token of Uniswap, a leading decentralized exchange (DEX) operating on the Ethereum blockchain. UNI empowers holders to participate in the decision-making processes of the Uniswap protocol, influencing developments such as fee structures and future upgrades. As an ERC-20 token, UNI is widely available for trading and can be swapped with various cryptocurrencies across multiple platforms.

Market Impact

Since its inception, UNI has significantly influenced the decentralized finance (DeFi) landscape by promoting user governance in protocol development. Its introduction spurred a wave of governance tokens across various DeFi platforms, emphasizing community involvement. UNI's presence on major exchanges has enhanced its liquidity, enabling seamless swaps and solidifying Uniswap's position as a dominant DEX in the crypto ecosystem.

History

Uniswap was introduced in November 2018 by Hayden Adams as an open-source protocol facilitating automated token swaps on Ethereum. In September 2020, Uniswap launched the UNI token, distributing it through an airdrop to early users and liquidity providers, thereby initiating community-driven governance. This move aimed to decentralize control and encourage active participation in the protocol's evolution.

Features

Decentralized Governance
UNI holders can propose and vote on protocol changes, directly influencing Uniswap's future developments and policies.
Liquidity Mining Incentives
Users providing liquidity to Uniswap pools can earn UNI tokens as rewards, promoting active participation and ecosystem growth.
Broad Accessibility
UNI supports multiple blockchain networks, including Ethereum, Polygon and Arbitrum, ensuring compatibility with wallets and platforms for seamless token swaps across DeFi ecosystems.

Website

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.