Uniswap conducted an airdop of 400-UNI tokens to those who have used or attempted to use the protocol's liquidity pools or swap function. This was a great boon to users of this popular dapp, and is the latest governance token to hit the scene. What is UNI, and how can you profit from this?
First, how do I get the airdrop?
Login to your Web 3.0 wallet of choice.
Head to Uniswap.io
Enter the swap function, click the three dotted button and click "claim UNI". If you have used Uniswap, you should get 400-UNI. You need to pay the gas fee, which cost me $20. Worth it though.
UNI is a governance token similar to COMP and MAKR. It is essentially a stake in the dapp, and allows the user to vote on changes to how the dapp runs and functions. For those who are unaware, Uniswap is a massively popular dapp on the Ethereum blockchain that is an easy and quick way to get and trade your favorite ERC20 token. It also have a liquidity supply feature that allows investors to profit as tokens they supply are exchanged.
UNI and SUN have hit the scene at the same time, and interest in both assets has propelled both coin's prices. Governance tokens are major features of dapps these days, and Maker DAO's MAKR set the stage for this. Uniswap has always been an easy way to exchange all your ERC20 tokens, and the passive income that comes from supplying liquidity is nice. My concern is high gas fees that Ethereum 2.0 will need to address.
UNI trades on Binance and Coinbase Pro. I had to let my tokens go on Binance this afternoon, and am glad I did. The hype behind this token that propelled it 200% may cool down as token holders head to the exits. It is a gift, and I am glad to have received it.
Originally published in my blurt account at the link below:
https://blurtter.com/blurtech/@anarchy999/uniswap-uni-token-airdrop-what-is-behind-the-surge
Also published in my Steemit account at myblurtrides1.
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Congrats 💐!!! We never used Uniswap so we missed this huge Airdrop! Uni did well 🏆