×
×
Market Cap:  $351,098,812,26524h Vol:  $100,119,605,943BTC Dominance:  57.4%Cryptocurrencies:  7,106Markets:  29,464

Decentralized exchange Uniswap goes live with a governance token, dubbed UNI

Decentralized exchange Uniswap goes live with a governance token, dubbed UNI

Share

Decentralized exchange Uniswap goes live with a governance token, dubbed UNI

The Block1 day ago
Published on September 17, 2020 12:26 GMT+0edited on September 17, 2020 12:35 GMT+0

Share

Uniswap has officially gone live with its governance token, dubbed UNI.

One billion tokens have been minted, according to a blog post, which will become available over a four-year period. 60% of that amount will be allocated to community members and 21.51% to "team members and future employees." 17.80% of tokens will be allocated to do investors with a four-year vesting schedule, and 0.069% will be allocated to advisors with a four-year vesting cycle.

"A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders," the post explains.

The post positioned the UNI as the next step for a fast-growing protocol, noting the DEX's rapidly expanding volume and liquidity figures.

"Having …