UniSwap UNI Token Vesting Schedule: Understanding the Lockup Periods173
UniSwap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for an intermediary. The project launched its native token, UNI, in September 2020, and distributed it to early users of the platform through an airdrop.
The UNI token has a total supply of 1 billion, and 60% of the tokens were distributed to the community during the airdrop. The remaining 40% of tokens are allocated to the UniSwap team, investors, and advisors. These tokens are subject to a lockup period, which means that they cannot be sold or transferred for a specific period of time.
The lockup period for the UNI tokens allocated to the team, investors, and advisors is as follows:
20% of the tokens were released immediately at the time of the airdrop.
20% of the tokens were released 6 months after the airdrop.
20% of the tokens were released 12 months after the airdrop.
20% of the tokens were released 24 months after the airdrop.
20% of the tokens were released 36 months after the airdrop.
The lockup period for the UNI tokens allocated to the community is as follows:
50% of the tokens were released immediately at the time of the airdrop.
25% of the tokens were released 6 months after the airdrop.
25% of the tokens were released 12 months after the airdrop.
It is important to note that the lockup period for the UNI tokens does not apply to the tokens that were purchased on the open market. These tokens can be sold or transferred at any time.
The lockup period for the UNI tokens is designed to protect the value of the tokens and to ensure that the project has a strong foundation. By preventing the team, investors, and advisors from selling their tokens immediately, the lockup period helps to create a stable and liquid market for the UNI token.
The UNI token is a key part of the UniSwap ecosystem. It is used to pay for transaction fees, to participate in governance, and to stake for rewards. The lockup period for the UNI tokens helps to ensure that the project has a strong foundation and that the token will continue to be valuable in the long term.## Conclusion
The UNI token is a valuable asset for the crypto community. The lockup period for the UNI tokens helps to protect the value of the token and to ensure that the project has a strong foundation. By preventing the team, investors, and advisors from selling their tokens immediately, the lockup period helps to create a stable and liquid market for the UNI token.
2025-02-05
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