$UNI is the governance token of Uniswap, a decentralized exchange. Let me give you a brief overview of its origins, which has a strong internet flavor.
Initially, Uniswap did not have a token.
It was simply a purely code-driven "automatic token swap" tool that everyone could use. Its founder, Hayden Adams, was a mechanical engineer who had been laid off by Siemens, learning programming while exploring, and under the guidance of Vitalik (the founder of Ethereum) and a few friends, he really managed to create the V1 version. At that time, it was entirely driven by ideals and interests, without any commercial token.
So how did UNI come about?
Fast forward to the summer of 2020, a project called SushiSwap became popular; it directly "copied" Uniswap's code and added its own governance token SUSHI to incentivize users, almost siphoning off Uniswap's users and funds. It was like being ambushed by competitors using a "token subsidy war".
As a result, Uniswap was "forced" to take significant action.
In September 2020, Uniswap suddenly launched the UNI token. Moreover, it made a big splash right from the start: it airdropped 400 UNI (worth several thousand dollars at that time) to all previous Uniswap users, which was referred to as "one of the largest airdrops in crypto history." This immediately regained the community's enthusiasm and support, a perfect counterattack.
Therefore, the birth story of UNI can be summarized as follows:
1. Right background: Backed by Uniswap, which is already an industry infrastructure.
2. Timely emergence: Born to respond to market competition and community governance needs.
3. Lavish start: Instantly built a massive user base and loyalty through generous airdrops.
In simple terms, UNI is Uniswap's "identity card" and "voting right" for its own ecosystem; holding it allows you to participate in protocol upgrade votes and share part of the governance rights. Its origin is a classic story of DeFi protocol offense and defense, and community incentives. $UNI
{future}(UNIUSDT)