Governance token UNI, let the community take power

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On September 16, Uniswap announced the launch of the governance token UNI. What attracts local attention is that anyone who has used the service before September 1 is eligible to receive 400 UNIs as part of a large-scale airdrop. In addition, the liquidity provider of the protocol also received retrospective rewards of additional UNI tokens. UNI tokens are distributed to approximately 50,000 Ethereum addresses, making it one of the most widely distributed tokens in the field.

On the day of the announcement, the value of 400 UNI was approximately US$1,200. In just a few days, UNI was traded everywhere-whether it was on DeFi's decentralized exchanges or centralized exchanges. The value of the token quickly rose to $8, which means that the value of the 400 UNI given away is approximately $3,200.

The introduction of UNI as a governance token has realized shared community ownership and a vibrant, diverse and dedicated governance system, aiming to actively guide the agreement to the future. The Uniswap governance framework is limited to contributing to the development and use of the protocol and the development of the broader Uniswap ecosystem. While doing so, UNI’s goal is to become a fully public, self-sustaining infrastructure while protecting its indestructible autonomous qualities.

The UNI community now has an important power to shape the evolution of the agreement. As the team said on their blog. "A treasure trove of community management opens up a world full of infinite possibilities. We hope to see a variety of experiments, including ecosystem grants and public welfare funding, both of which can promote the additional growth of the UniSwap ecosystem. UniSwap has already helped The automatic provision of liquidity sets the standard: now is the time to set a benchmark for a responsible but radical, long-term consistent on-chain governance system."