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Understand the issuance price and total issuance of UNI coins in one article
The initial issuance of UNI tokens at $0.0157 per token through a decentralized exchange offering (DXO) led to a surge in demand and price due to the low price and large allocation to users (60%).
Sep 30, 2024 at 10:53 am
Understanding UNI Token's Issuance Details
1. Issuance Price
- UNI tokens were initially offered through a decentralized exchange offering (DXO) on September 18, 2020.
- The initial issuance price was set at $0.0157 per UNI token.
2. Total Issuance
- The total supply of UNI tokens is capped at 1 billion tokens.
- Of these, 60% (600 million tokens) were allocated to users through the DXO.
- The remaining 40% (400 million tokens) are allocated to ecosystem development, team members, and advisors.
3. Token Distribution
- DXO Distribution (60%): 600 million UNI tokens were distributed to participants in the DXO based on their contributions.
- Ecosystem Development (17.5%): 175 million UNI tokens are reserved for Uniswap ecosystem development initiatives.
- Team and Advisors (21.5%): 215 million UNI tokens are allocated to team members and advisors in recognition of their contributions.
- Community Fund (1%): 10 million UNI tokens are reserved for community-driven initiatives and grants.
4. Vesting Schedule
- The team and advisors' tokens are subject to a four-year vesting schedule, with 25% released per year.
- The ecosystem development and community fund tokens have no vesting period.
5. Impact on Initial Issuance
The low initial issuance price of UNI tokens and the large allocation (60%) to users through the DXO led to a significant surge in demand and price shortly after launch.
6. Benefits of Token Issuance
The issuance of UNI tokens provided several benefits to the Uniswap ecosystem:
- Community Ownership: Users who participated in the DXO gained a stake in Uniswap's governance and future.
- Incentivization: UNI tokens incentivize participation in Uniswap's liquidity pools and the broader ecosystem.
- Decentralization: The widespread distribution of UNI tokens helps decentralize Uniswap's ownership and decision-making.
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