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Author Topic: Uniswap goes live with a governance token, UNI  (Read 51 times)
spike420211
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September 17, 2020, 07:43:02 AM
 #1

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 proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Uniswap is now particularly well positioned for community-led growth, development, and self-sustainability," the team wrote. "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."

https://www.theblockcrypto.com/linked/77998/uniswap-goes-live-token-uni

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September 17, 2020, 08:11:34 PM
 #2

If you've used uniswap you can claim like $1400 for free.

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September 17, 2020, 08:23:03 PM
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If you've used uniswap you can claim like $1400 for free.
Am I seeing this right? I only used Uniwap a couple of times to buy a very specific token and it says I can claim 400 UNI, which at $3,73 is worth $1492...? Are they really giving that much money that easily?

The problem is that with the fees, Metamask is asking me to pay $16 in fees, so I really want to be sure I have $1400 there. Cheesy

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September 17, 2020, 08:29:55 PM
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If you've used uniswap you can claim like $1400 for free.
Am I seeing this right? I only used Uniwap a couple of times to buy a very specific token and it says I can claim 400 UNI, which at $3,73 is worth $1492...? Are they really giving that much money that easily?

The problem is that with the fees, Metamask is asking me to pay $16 in fees, so I really want to be sure I have $1400 there. Cheesy
Basing on some comments this isnt for new users. You can check this one https://www.youtube.com/watch?v=ox8DNLdgi5o

I havent touched uniswap though but $1400 free sounds good.  Cheesy

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September 17, 2020, 08:31:46 PM
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Basing on some comments this isnt for new users. You can check this one https://www.youtube.com/watch?v=ox8DNLdgi5o

I havent touched uniswap though but $1400 free sounds good.  Cheesy
Apparently, it's for people who used them before September 1. And I used it like 2 months ago. I already connected my wallet and it does say I can claim 400 UNI, but this does look too good to be true. $1400 for free just because I bought some tokens? Yes, please!

The main problem is ETH's fees. $15 to claim, another $15 to send to Binance, etc... I want it to be worth. If it's really $1400, I'll go for it and make some miners happier. Cheesy

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September 17, 2020, 08:51:03 PM
 #6



I didn't know UNI token holders will be entitled to passive income, this is a good money-making opportunity. I, however, can't find the information about it. Any link and how much will we get for holding 400UNI?

Basing on some comments this isnt for new users. You can check this one https://www.youtube.com/watch?v=ox8DNLdgi5o

I havent touched uniswap though but $1400 free sounds good.  Cheesy
Apparently, it's for people who used them before September 1. And I used it like 2 months ago. I already connected my wallet and it does say I can claim 400 UNI, but this does look too good to be true. $1400 for free just because I bought some tokens? Yes, please!

The main problem is ETH's fees. $15 to claim, another $15 to send to Binance, etc... I want it to be worth. If it's really $1400, I'll go for it and make some miners happier. Cheesy

$15 all for the transaction when you do it on binance for USDT, worse times for ETH gas fees but sure miners will be glad to get it. The price is still climbing though, I think if it will continue it could reach up to $5 soon.

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September 17, 2020, 08:53:40 PM
Last edit: September 17, 2020, 10:23:30 PM by TryNinja
 #7

$15 all for the transaction when you do it on binance for USDT, worse times for ETH gas fees but sure miners will be glad to get it. The price is still climbing though, I think if it will continue it could reach up to $5 soon.
I'm just sad that I only used Uniswap with 1 address. I almost did it with a second wallet but decided to use Argent's in-app swap feature instead. That would be an extra $1400. Cry

But well, that was a very good surprise.

edit: I got the UNI and sold it! Crypto is awesome. Grin

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