Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: A Poplar, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Vernacular Blockchain (ID: hellobtc)
Vernacular Blockchain (ID: hellobtc)
Risk reminder: UNI is currently increasing too much. This content is only for popular science learning and communication among crypto enthusiasts. It does not constitute investment opinions or suggestions. Please treat it rationally.
On September 17, Beijing time, Uniswap officially released the protocol token UNI. The initial liquidity mining plan will be officially launched at 08:00 on September 18, 2020, Beijing time. After 24 hours, 4 The mining pool attracted $750 million in gold.
According to the distribution rules, the initial minting amount is 1 billion, and the continuous inflation will be maintained at 2% every year after 4 years to ensure that there will be enough UNI to motivate users who participate and contribute to the development of the project.
The 1 billion initial supply will be distributed in the next 4 years, 60% will be allocated to Uniswap community members, and a quarter of them (15% of the total supply) will be allocated to "old users" .
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Large-scale UBI practice, user's "super airdrop" carnival
For some friends, the day before yesterday was a "day for nothing". According to Uniswap's official definition, users who have participated in liquidity provision, traded, and held or redeemed SOCKS before September 1, 2020, can qualify as "old users".
As an "old user", one of the most extensive benefits is that 251,534 historical user addresses will be allocated an average of 10.06% of the total (100,613,600 UNI)—that is, every address that has ever traded in Uniswap v1 or v2 will be A reward of 400UNI can be received.
According to the average price of about $3 in the early stage of UNI's opening, the value of the airdrop is as high as $1,200! This model of equal exposure to rain and dew also instantly ignited everyone's enthusiasm. Thousands of friends who picked up money for nothing excitedly withdraw their "$1,200 for nothing", which directly caused the gas fee that has gradually cooled down in recent days to skyrocket. , breaking through the average value of 600Gwei again. If the tokens in your hands are held and not sold, by September 19, the highest value will exceed $3,200.
According to Glassnode data, with the release of UNI, the total income of Ethereum miners hit a new record, reaching $938,000 within one hour. This "super airdrop" targeting tens of thousands of users not only showed the pattern of Uniswap, but also strongly confirmed its unparalleled popularity and presence in Ethereum.
Even the trading platforms were moved by the news. In just a few hours, the "big three" of Binance, OKEX, and Huobi were all launched on UNI quickly, and the second-tier trading platforms and decentralized exchanges also followed suit.
UBI is to provide citizens (or permanent residents) of a country (or region) with unconditional and continuous income to meet basic living needs. Compared with the existing social security system, its characteristic is that it is unconditional, and all adult citizens can get basic income.
A loyal fan of blockchain and encrypted digital currency, Andrew Yang, one of the former Democratic US presidential candidates who was hailed by Elon Musk as "the first gothic president in history", has also proposed similar The "Freedom Dividend" - an unconditional payment of $1,000 per month to every U.S. citizen between the ages of 18 and 64.
At that time, there were rumors that Yang Anze intended to use the blockchain to realize the "freedom dividend" proposition, including the once-hot avocado project, which was also the practice of the UBI concept in the currency circle. Once again a classic example of UBI.AMMHowever, the birth of UNI is both unexpected and reasonable, and the community has been looking forward to it for a long time.
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After long-awaited calls, a wonderful "half-moon war"
Uniswap as
After the launch of V2 in April this year, it led the collective rise of DEX projects of the type of automated market maker, which in turn detonated the entire DeFi track and set off a wave of innovation.
However, in the follow-up speculative evolution, Uniswap was once "stubborn and paranoid" to the point of inconceivable, forcibly withstood the general trend of DeFi's liquidity mining, and insisted on not issuing Tokens for the time being. This "clear flow" attitude also made a series of forked projects emerged one after another.
Among them, the most thrilling "forcing the palace to usurp the throne" was SushiSwap, which came first. As a fork of Uniswap v2, it was initiated by an anonymous developer and introduced a governance token named SUSHI. Liquidity providers (LP) can earn governance tokens by staking Uniswap LP tokens, and then finally provide them on SushiSwap fluidity.
Sushiwap launched Sushi in such an aggressive way, and even took away nearly 70% of Uniswap's liquidity at one point - Uniswap's total lock-up volume dropped from a maximum of 2 billion US dollars to a minimum of 500 million US dollars.
Although since SushiSwap canceled the higher liquidity incentives, Uniswap’s liquidity has swelled to more than $1 billion, while Sushi’s liquidity has returned to less than $1 billion. But once the threat emerges, the sense of crisis in the community begins to intensify, and the voice and expectation of the platform currency are also rising day by day.
However, Hayden Adams, the founder of Uniswap, has an open-minded taste of "he will let him be strong, and the breeze will blow the hills". He even tweeted his blessings to SushiSwap on September 1, saying that he "still concentrates on the development of V3." Bar".
Of course, under the community’s concerns and its own development status, the issuance of Token has gradually changed from a “whether a question” to a “time question”. The official issuance of native tokens to provide incentives has finally been put on the agenda—September 9 Hayden The release plan was revealed in a tweet from Adams.
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The introduction of UNI is both the end and the beginning
In the past half a month, Sushi has experienced some unpredictable "founder smashing the market" repeated twists and turns. Even with the launch of the SUSHI token repurchase of 14 million US dollars, it is still difficult to hide the decline, and the confidence of the community is gradually lost. Now UNI's horizontal Kong's birth added a shadow to him, which is tantamount to sealing his throat with a sword.
"Half a month in the currency circle seems like a few years in the world", and in just half a month, the situation reversed, and it turned out to be like this. The timing of UNI's introduction is exquisite, and there is a sense of drama of "seeing it build a tall building, seeing it entertain guests, and seeing it collapse".
However, the Sushi official seemed quite open-minded, and directly tweeted tribute to Uniswap and Hayden Adams, and expressed his gratitude: At the current value, they (the UNI obtained from the airdrop) can provide funding for our development team in the next few months.
