- Uniswap released UNI, its governance token, Thursday
- All historical Uniswap users received at least 400 tokens
- Those who provided liquidity received more tokens
Uniswap, a decentralized Ethereum trading platform, launched its governance token UNI on Thursday and announced that all its users could now claim 400 UNI (a process known as “airdrop”) while those who provided liquidy could claim more.
The surprise airdrop has put UNI in wild price volatility in the last 24 hours. This frenzy has continued as more exchanges, including Coindesk Pro, started to list the governance token.
With a total supply of 1 billion tokens, UNI has a market cap of $3.53 million based on current circulating supply, according to data aggregator CoinGecko. The price of UNI has been on a roller-coaster ride between $2.5 and $5 in the last 36 hours.
Uniswap has raised $11 million through venture capital firms Andreessen Horowitz, Square