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."
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.