What is UNI coin? What can UNI coins do? How to store UNI coins?

UNI coin, the governance token of the Uniswap DEX, empowers holders to shape the protocol's direction and earn rewards through fees sharing and liquidity provision.

Oct 13, 2024 at 04:00 am

1. What is UNI coin?

UNI coin is the governance token of the Uniswap decentralized exchange (DEX). UNI is an ERC-20 token that runs on the Ethereum blockchain. UNI holders can participate in the governance of the Uniswap protocol by voting on proposals to change the protocol's parameters. They can also stake their UNI tokens to earn a portion of the trading fees generated by the Uniswap protocol.

2. What can UNI coins do?

UNI coins can be used to:

Participate in the governance of the Uniswap protocol
Earn a portion of the trading fees generated by the Uniswap protocol
Buy and sell goods and services on the Uniswap DEX
Trade UNI coins on cryptocurrency exchanges

3. How to store UNI coins?

UNI coins can be stored in any Ethereum wallet. Some of the most popular Ethereum wallets include:

MetaMask
Coinbase Wallet
Trust Wallet
Binance Chain Wallet
Trezor One
Ledger Nano X

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