Uniswap

UNI is the token for the Ethereum-based decentralized exchange called Uniswap. It's a governance token, so owners can participate in decisions on how the platform is run. UNI is the cryptocurrency the Uniswap platform uses. Anyone can earn UNI by agreeing to not sell or trade their crypto holdings. The UNI token was originally created in September 2020 in an effort to prevent users from defecting to rival DEX SushiSwap.

UNI is the native token of the Ethereum blockchain-powered decentralized exchange (DEX), Uniswap.

By issuing the UNI token, Uniswap has made the entire exchange and platform community-driven — removing the so-called “Gatekeepers” associated with centralized exchanges

The token is known as a “Governance token”, meaning anyone who holds it will have influence over the future of the platform — what updates are made to the protocol, developments on future versions of the exchange, and more.

UNI holders will also have ownership of the Uniswap community treasury, protocol fee switches, Uniswap’s eth ENS (the platforms “.eth” domain name), the listing of new tokens, and SOCKS liquidity tokens

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