Uniswap Airdrop Guide: How to Claim Your Uniswap UNI Token
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Uniswap Airdrop Guide: How to Claim Your Uniswap UNI Token

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Uniswap has established itself as a prominent decentralized exchange (DEX) on the Ethereum blockchain, facilitating crypto trading without intermediaries.

Uniswap Airdrop Guide: How to Claim Your Uniswap UNI Token

Содержание

Uniswap has established itself as a prominent decentralized exchange (DEX) on the Ethereum blockchain, facilitating crypto trading without intermediaries. Central to its operation is the governance token, UNI, which allows users to participate in decision-making processes regarding the protocol's direction.

This guide aims to provide a detailed overview of recent airdrops, focusing on the eligibility criteria, claiming processes, and the broader implications of these events in the DeFi landscape.

What is Uniswap?

Uniswap is a decentralized finance (DeFi) protocol that facilitates the trading of various cryptocurrencies directly from users' wallets, eliminating the need for intermediaries. Launched in November 2018, it has rapidly evolved to become the largest decentralized exchange (DEX) by trading volume, processing over $10 billion weekly as of April 2021.

Uniswap operates using an automated liquidity protocol, which allows users to swap tokens seamlessly. This is achieved through liquidity pools, where users can contribute their tokens in exchange for a share of the trading fees generated from swaps.

Understanding UNI and Its Importance

UNI is the governance token of the Uniswap protocol, allowing holders to participate in the governance of the platform. By holding UNI, users can vote on critical issues that affect the protocol's future, including proposals for protocol upgrades and development initiatives.

As of April 2021, UNI was ranked as the fourth-largest crypto by market capitalization, highlighting its importance in the DeFi sector and the broader cryptocurrency market. The introduction of UNI not only serves as a governance mechanism but also fosters community ownership and engagement with the Uniswap protocol.

Airdrop Overview of Uniswap

Uniswap is conducting multiple airdrops aimed at rewarding historical users of the Uniswap platform as well as users from the Genie NFT marketplace.

Airdrop 1: Historical Genie Users

Overview

In a bid to reward users from the Genie NFT marketplace, Uniswap announced an airdrop of 5,000,000 USDC. This initiative targeted historical Genie users based on a snapshot taken on April 15, 2022. Genie was the first NFT marketplace aggregator and was acquired by Uniswap in June 2022.

Eligibility Criteria

To qualify for this airdrop, users needed to meet one of the following criteria:

  • Completed More Than One Transaction: Users who made multiple transactions before the snapshot could claim 300 USDC.
  • Held Genie:Genesis NFT: Those who possessed the Genie:Genesis NFT at the time of the snapshot were eligible to claim 1,000 USDC.

Important Note

The Genie Airdrop was available until November 30, 2023. After this date, claiming is no longer possible as the claim contract has expired.

Airdrop 2: Historical Uniswap Users

Overview

Uniswap is distributing 60% of the UNI genesis supply to its community members. A quarter of this allocation (15% of the total supply) is designated for historical users, liquidity providers, and SOCKS token redeemers, based on a snapshot taken on September 1, 2020.

Eligibility Criteria

Users are eligible for the airdrop if they have:

  • Called Uniswap v1 or v2 Contracts: Any Ethereum address that interacted with these contracts is eligible.
  • Provided Liquidity: Users who contributed liquidity at any point in time to the Uniswap protocol can claim tokens.
  • Redeemed SOCKS Tokens: Users who redeemed SOCKS tokens for physical merchandise or held SOCKS tokens by the snapshot date qualify for the airdrop.

Token Distribution of UNI Token

The distribution of UNI tokens in this airdrop is as follows:

  • 400 UNI are claimable by every address that has interacted with Uniswap contracts, including approximately 12,000 addresses that have submitted only failed transactions.
  • 49 million UNI are allocated to historical liquidity providers, with rewards calculated based on the duration and amount of liquidity provided since the deployment of Uniswap v1.
  • 1000 UNI are claimable by each address that has either redeemed SOCKS tokens for physical socks or owned at least one SOCKS token at the time of the snapshot.

How to Claim Uniswap UNI Token

To claim the UNI tokens, follow these steps:

1. Visit the Uniswap website: Head to the official Uniswap website.
2. Connect YourWallet: Ensure your Ethereum wallet is connected to the Uniswap app. This step is crucial for verifying eligibility.
3. Notification of Eligibility: If your wallet is eligible, you will see a popup in the Uniswap web app stating, “UNI has arrived.”
4. Claim Your Tokens: Click on “Claim your UNI tokens” and approve the transaction to complete the process
5. Trading UNI: Once claimed, UNI tokens can be traded on various platforms, including Binance, KuCoin, Huobi, and OkEx. UNI is also available on Coinbase.

Final Words

Uniswap's airdrops underscore its commitment to community engagement and decentralization. By allowing historical users and liquidity providers to claim UNI tokens, Uniswap not only rewards loyalty but also empowers its community to influence the protocol's future.

As the DeFi landscape continues to evolve, staying informed about such initiatives is essential for users looking to maximize their participation in decentralized finance.

Disclaimer

This guide is for informational purposes only and should not be considered financial advice. Users should conduct their own research and consult with a financial advisor before participating in any cryptocurrency-related activities, including airdrops.

The crypto market is highly volatile, and users should be aware of the risks involved.Always ensure that you are using official platforms and wallets to avoid potential scams. Finally, only invest what you can afford to lose, as the landscape of crypto can shift rapidly.

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