What is the issue volume of UNI coin? One article to introduce the application scenarios of UNI coin

UNI, Uniswap's governance token, has a circulating supply of around 540 million tokens and is used for protocol governance, voting, staking, and facilitating DEX trading.

Oct 02, 2024 at 03:54 am

Understanding UNI Coin's Issuance Volume and Application Scenarios

1. UNI Coin Issuance Volume

UNI is the governance token of Uniswap, a decentralized exchange platform. The initial issuance volume of UNI was 1 billion tokens, allocated as follows:

• 60% (600 million tokens) distributed to Uniswap users based on their historical trading volume
• 21.51% (215.1 million tokens) allocated to Uniswap team and advisors
• 17.8% (178 million tokens) reserved for future use by the Uniswap community

As of June 2023, the circulating supply of UNI is approximately 540 million tokens.

2. UNI Coin Application Scenarios

UNI has several applications within the Uniswap ecosystem:

• Protocol Governance: UNI holders can participate in governance decisions related to Uniswap, such as voting on new features or fee adjustments.
• Voting: UNI can be used to vote on and delegate to proposals related to the Uniswap Protocol.
• Staking: UNI can be staked to earn rewards and participate in liquidity pools. Stakers earn UNI rewards as well as a share of trading fees generated by the protocol.
• DEX Trading: UNI can be used to trade on Uniswap and pay for transaction fees.
• DeFi Lending: UNI can be borrowed or lent on platforms like Aave and Compound.