What is UNI coin? UNI coin issue price, total amount and white paper introduction

As a governance token, UNI coin holders have the power to influence the development of Uniswap, a significant DEX in the crypto market.

Oct 06, 2024 at 06:18 pm

What is UNI coin?

UNI coin is the governance token of Uniswap, a decentralized exchange (DEX) that facilitates the trading of crypto assets. UNI coins grant holders the right to propose changes to the Uniswap protocol and vote on proposals made by others.

UNI Coin Issuance Price, Total Supply, and Whitepaper

1. Issuance Price

The initial issuance price of UNI coin was $0.015 per token.

2. Total Supply

The total supply of UNI coin is 1 billion tokens.

3. Whitepaper Introduction

The Uniswap whitepaper, published in November 2018, outlined the principles of the Uniswap protocol and the role of UNI coin in its governance. The whitepaper emphasized the importance of decentralized governance and the community's role in shaping the future of Uniswap.

Key Features of UNI Coin

• Governance rights: UNI holders can participate in the decision-making process of the Uniswap protocol.
• Utility: UNI coin can be staked to earn protocol fees and rewards for liquidity providers.
• Value accrual: As the Uniswap ecosystem grows, the demand for UNI coin is expected to increase, leading to potential price appreciation.

Conclusion

UNI coin is a crucial component of the Uniswap ecosystem, providing governance rights and utility to its holders. The total supply and issuance price of UNI coin were set at the time of its launch, and the whitepaper outlines its role in the decentralized governance of Uniswap.