When was the UNI coin issued? Learn about the origin of UNI coin in one article

UNI coin was issued on September 17, 2020. As the native token of the Uniswap decentralized exchange, it has the following uses: Governance: holders can vote on the governance of the protocol. Incentivize liquidity provision: Reward users who provide liquidity. Transaction Fee Discounts: Pay transaction fees to receive a discount.

The issuance time of UNI Coin

UNI Coin will be issued on September 17, 2020.

The Origin of UNI Coin

UNI Coin is the native token of the Uniswap decentralized exchange. Its issuance purpose is:

• Governance: UNI Coin holders have the governance rights of the Uniswap protocol and can control the protocol Vote on future development directions, feature updates, and other important decisions.
• Incentivize Liquidity Providers: UNI coins are distributed as rewards to users who provide crypto assets to the Uniswap liquidity pool, thereby incentivizing them to provide liquidity on Uniswap.
• Transaction fee discount: Users who use UNI coins to pay Uniswap transaction fees can receive a discount on transaction fees.

UNI Coin Issuance Method

UNI Coin is issued through:

• Initial DEX Offering (IDO): 60% of the initial supply of UNI Coin is sold to the public through Uniswap’s IDO.
• Team Allocation: 21% of UNI coins are allocated to the Uniswap team.
• Other allocations: The remaining 19% of UNI coins are allocated to early contributors, investors and ecosystem funds.

Current issuance of UNI coins

As of February 2023, the circulating supply of UNI coins is approximately 1 billion. Its maximum supply is 1 billion.

Uniswap latest news

Current price: $5.26
24-hour trading volume: $261 million
Circulating market capitalization: $3.156 billion

Recent changes

In the past 24 hours, Uniswap price has fallen by about 20.71 %.

Influencing Factors

The price drop could be due to a general cryptocurrency market sell-off and heightened investor concerns.

Future trend analysis

In the short term, Uniswap prices may continue to fluctuate. Investors should pay close attention to broader cryptocurrency market dynamics as well as specific news and developments affecting the DeFi industry.

Investor Advice

Due to market fluctuations, investors are advised to be cautious when investing in Uniswap. Before making any investment decision, it is important to conduct thorough research on a project and only invest money that they are willing to lose.

Short-term trend prediction

In the short term, Uniswap price may fluctuate sideways or fall slightly.

Indicator list

• Current price: $5.26
• 24-hour trading volume: $261 million
• Circulation volume: 600 million
• Circulation market capitalization: $3.156 billion

The above is the detailed content of When was the UNI coin issued? Learn about the origin of UNI coin in one article. For more information, please follow other related articles on the PHP Chinese website!