What is the Total Supply of Uni Coins?213

Introduction

Uniswap is a decentralized cryptocurrency exchange that allows users to trade cryptocurrencies without the need for a middleman. The platform is powered by the UNI token, which grants holders governance rights and allows them to participate in the protocol's decision-making process.

Total Supply of UNI Coins

The total supply of UNI coins is 1 billion. This was determined by the Uniswap team at the time of the token's launch in September 2020. The token is distributed as follows:* 60% (600 million UNI) went to the Uniswap community through a liquidity mining program.
* 21.51% (215.1 million UNI) went to investors who participated in the Uniswap seed and Series A funding rounds.
* 18.49% (184.9 million UNI) went to the Uniswap team and advisors.

Token Allocation

The UNI token allocation was designed to ensure that the community had a significant stake in the protocol. The liquidity mining program allowed users to earn UNI tokens for providing liquidity to the Uniswap pools. This helped to attract liquidity to the platform and bootstrap its growth.

The allocation of tokens to investors and the team ensured that the project had the resources to continue developing and improving the Uniswap protocol. The team has used these funds to invest in research and development, as well as to hire additional staff.

Token Distribution

The UNI tokens were distributed over a four-year period, with the majority of the tokens being released during the first year. This was done to ensure that the community had a sufficient amount of time to participate in the governance process and to provide feedback on the protocol's development.

As of September 2023, approximately 75% of the UNI tokens have been distributed. The remaining tokens will continue to be released over the next three years.

Governance

UNI token holders have the right to participate in the governance of the Uniswap protocol. This includes voting on proposals to change the protocol's parameters, such as the fees charged and the distribution of rewards. UNI holders can also submit their own proposals for consideration by the community.

The Uniswap governance system is designed to be decentralized, with all UNI token holders having an equal say in the protocol's decision-making process. This ensures that the community has a strong voice in the direction of the project.

Conclusion

The total supply of UNI coins is 1 billion. The tokens are distributed to the community, investors, and the team. The token allocation and distribution are designed to ensure that the community has a significant stake in the protocol and that the project has the resources to continue developing and improving the Uniswap protocol.

2024-12-23

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