Uniswap Exchange - Largest Token Giveaway Ever

Early in the morning of September 17, the largest decentralized crypto exchange Uniswap, one of the leaders of the DeFi fever in thisseason, launched its own UNI governance token and held the largest distribution of tokens in the history of the crypto world.

The essence is as follows: if before September 1, 2020, you made at least one transaction on the Uniswap crypto exchange, you have the right to request 400 UNI tokens. To do this, you need to go to Uniswap and just click on the "Claim your UNI tokens" button and confirm the transfer in the MetaMask extension / application connected to the exchange. Tokens will be sent to your Ethereum address linked to Uniswap. It is important to note that there must be some Ethereum on this address to pay for gas per transaction. Since there are a lot of applicants, the size of the commission is temporarily more than $ 15-20, but in the coming days, when the excitement subsides, it may drop to $ 2-3.

Cost of 400 UNI tokens at the current rateis more than $1300. And this makes the distribution the largest in the history of the crypto world. Previously, Stellar periodically distributed its XLM coins in the amount of $15-20. But I don’t remember such generosity. According to the plan, 150 million tokens out of 1 billion will be distributed to exchange users.

Tens of thousands of users have already requested tokensUniswap. And at least 60% of them immediately sold this unexpected gift in order to transfer capital to other tokens and altcoins, or simply withdraw and spend. Others quite reasonably expect the growth of UNI, which has the potential to become a "unicorn", that is, surpass the capitalization of $ 1 billion.

Third party liquidity providers (LPs) who contributed their tokens to Uniswap pools received much higher rewards.
Some of them clearly became millionaires.

 

During September 17, the UNI token was included inlistings of the largest centralized crypto exchanges Binance, Coinbase Pro, Bithumb Global, Kucoin, Okex, Poloniex, FTX, etc. Thanks to this, the trading turnover in the first 24 hours exceeded $1.5 billion. And such friendly support is very surprising, since many worthy coins have been waiting for listings for months and years.

In general, if you have ever made trades on Uniswap, you are in for a pleasant surprise!