Uniswap, a liquidity aggregator and decentralized broker on the net Ethereum, has been a great success in 2020 and now they have launched a new token for those who use the broker: UNI. See how to get the token and its effect on ETH.
Using the smart contract in 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984, the Uniswap protocol introduced the UNI governance token and drove Ethereum investors crazy.
“Uniswap is now particularly well positioned for community-led growth, development and self-sustainability. The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse and dedicated governance system that will actively guide the protocol in the future. ”
said the official blog of the Uniswap project .
The new shed will be distributed as follows:
- 60% for the community (600,000,000 UNI)
- 21.51% for members of the development team and future employees in the next 4 years of consolidation (215,101,000 UNI)
- 17.80% for investors in the next 4 years of consolidation (178,000.00)
- 0.069% for advisors in the next 4 years of consolidation (6,899,000)
As a result, Ethereum's 1-hour transaction fees reached the equivalent of $ 1 million in eth. This is the new record for the chain according to Glassnode.
"A perpetual inflation rate of 2% per annum will commence after 4 years, ensuring continued participation and contribution to Uniswap at the expense of UNI's passive holders."
said the development team.
How to receive the UNI token?
If you have used Uniswap at any point in history, you can receive the token; just put some Ether in your wallet to pay the gas fee.
Liquidity providers can deposit their liquidity tokens and mining will start on September 18 at 12am UTC.
The tokens will be used in voting processes on the UNI governance portal at gov.uniswap.org, to participate you need to create an account.