What kind of currency is UNI coin? Introduction to the official website, circulation and trading platform of UNI coin

As the governance token of decentralized exchange Uniswap, UNI coin grants holders voting rights on protocol upgrades and access to a share of transaction fees for their involvement.

Oct 10, 2024 at 09:47 am

1. What is UNI Coin?

UNI coin is the governance token of the decentralized exchange protocol Uniswap, built on the Ethereum blockchain. Holders of UNI can participate in the governance of Uniswap, vote on protocol upgrades, and receive a portion of the exchange's transaction fees.

2. Official Website of UNI Coin

The official website of UNI coin is https://uniswap.org/.

3. Circulation and Trading Platforms of UNI Coin

• Circulation: As of October 20, 2022, there is a circulating supply of 710 million UNI coins out of a total supply of 1 billion.
• Trading Platforms: UNI coin is listed on major cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

4. Features of UNI Coin

• Governance: UNI coin holders have voting rights on protocol proposals, such as changes to fee structures and new product offerings.
• Fee sharing: A portion of Uniswap's transaction fees is distributed to UNI coin holders as rewards for their participation in the governance process.
• Community Involvement: UNI coin is used within the Uniswap ecosystem to incentivize participation in governance and liquidity provision.
• Decentralization: UNI coin promotes decentralization by distributing governance power among a wide range of stakeholders.

5. Importance of UNI Coin

UNI coin is essential for the governance and operation of Uniswap, one of the leading decentralized exchanges in the cryptocurrency market. It empowers the Uniswap community to play an active role in shaping the future of the platform.