What is UNI coin? What does UNI mean?

UNI, the governance token of Uniswap, empowers holders with voting rights and rewards them with liquidity incentives.

Oct 10, 2024 at 02:36 am

UNI Coin: A Decentralized Exchange Token1. What is UNI coin?

UNI is the governance token of Uniswap, a decentralized exchange (DEX) that allows users to trade cryptocurrencies without an intermediary. UNI holders can participate in the governance of Uniswap by voting on proposals that affect the platform's development and operations.

2. What does UNI mean?

UNI derives its name from "Uniswap Token." It is a native token of the Uniswap ecosystem, providing holders with the following benefits:

Governance Rights: UNI holders can vote on proposals related to the Uniswap protocol, its features, and associated parameters.
Liquidity Incentives: UNI can be staked to earn a portion of the trading fees generated on Uniswap.
Access to Features: In the future, UNI may be used to access exclusive features and services within the Uniswap ecosystem.

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