Unlocking UNI: A Comprehensive Guide to Claiming Your Uniswap Tokens195
Uniswap, the leading decentralized exchange platform, launched its governance token UNI in September 2020. Since then, community members have eagerly anticipated the unlock of the remaining UNI tokens. In this article, we will provide a comprehensive guide to the UNI unlock schedule, eligibility criteria, and step-by-step instructions for claiming your tokens.
UNI Unlock Schedule
The total supply of UNI tokens is 1 billion, with the following unlock schedule:* Team and Advisors: 21% unlocked instantly, vested over 4 years
* Community: 40% unlocked over 4 years
* Investors: 30% unlocked linearly over 4 years
* Uniswap Treasury: 9% unlocked linearly over 4 years
Eligibility Criteria
To be eligible to claim UNI tokens, you must have:* Provided liquidity on Uniswap before September 1, 2020 (snapshot date)
* Held Uniswap LP tokens in your wallet or a supported exchange
Claiming Your UNI Tokens
Follow these steps to claim your UNI tokens:1. Check Your Eligibility: Visit the Uniswap website and connect your wallet to the platform. The "Claim UNI" page will indicate your eligibility status and the number of tokens you can claim.
2. Claim Your Tokens: Click on the "Claim UNI" button and sign the transaction in your wallet. You will need to pay a small gas fee to process the claim.
3. Store Your Tokens: The UNI tokens will be transferred to your connected wallet. You can store them securely on a hardware wallet or a reputable software wallet.
Key Considerations
Here are some important considerations to keep in mind:* Token Distribution: UNI tokens will be distributed proportionally based on your liquidity provision activity.
* Gas Fees: You will need to pay gas fees to claim your UNI tokens. The fees vary depending on network congestion.
* Exchanges: Some exchanges, such as Binance and Coinbase, will automatically distribute UNI tokens to eligible users. Check with your exchange to confirm their policy.
* Scams: Be cautious of scams and phishing attempts. Never share your private keys or wallet information with anyone.
Conclusion
The UNI unlock represents a significant milestone for the Uniswap community. By following the steps outlined above, eligible users can claim their share of the governance tokens. These tokens will empower community members to participate in Uniswap governance, shaping the future of one of the most important DeFi platforms in the world.
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