UNI is the native token of the world’s largest decentralised exchange, Uniswap. An ERC-20 token built on top of the Ethereum network, UNI is a governance token, which means holders can vote on the funding of grants, partnerships, liquidity mining pools and other proposals.
A decentralised exchange is one where matching between buyers and sellers is entirely automated, facilitated by users who stake their tokens in trading pair ‘liquidity pools’. The deeper the liquidity pool, the better the prices available to potential buyers.
During the DeFi boom of mid-2020, Uniswap became the go-to platform for listing and trading DeFi tokens. While its success spawned numerous competitors on a number of different platforms, Uniswap remains the most widely used dedicated exchange with billions of dollars in Total Value Locked (TVL) – a measure of how much capital is locked into the protocol’s liquidity pools.
In September of 2020, Uniswap airdropped 400 UNI tokens to every Ethereum wallet that had ever transacted through Uniswap, with a unit price of US$3 per token. Tokens are also distributed to liquidity miners, as an incentive to stake tokens like ETH and USDT in liquidity pools.
CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.
CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited (AR No 1290193). We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.