Uniswap unveiled its UNI token on September 16.
The platform is going to issue 1 billion tokens over four years. 60% of this amount will be designated to community members, 21.51% - team members and future workers, 17.80% of it is going to be assigned to investors with a four-year transition schedule, and 0.069% - to project consultants.
We’re thrilled to announce that UNI, the Uniswap Protocol governance token, is live now on Ethereum mainet!— Uniswap Protocol 🦄 (@UniswapProtocol) September 17, 2020
Ethereum Address: 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984
As it was mentioned in the blog of the exchange: "A constant inflation rate of 2% per year is going to begin in 4 years, which will ensure continued participation in Uniswap at the expense of passive UNI holders."
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The exchange also mentioned that the liquidity mining program is planned to go live on September 18.
The most impressive fact is that because of this fresh released token's 15%, which is 150,000,000 UNI, can instantly be claimed by liquidity providers, users, and SOCKS holders, the cost of Ethereum Gas has grown to 1000gwei.