Crypto Currency News
Bitcoin
$67,407.68
+582.63
Ethereum
$3,530.14
+26.29
Litecoin
$73.53
+0.49
DigitalCash
$28.23
+0.57
Monero
$164.60
+3.58
Nxt
$0.00
-0
Ethereum Classic
$24.07
+0.62
Dogecoin
$0.13
+0.01

Uniswap founder wants your advice on how to spend $ 500 million

Hayden Adams, the inventor of Unsiwap, has reached out to Crypto-Twitter for feedback on how the DEX will allocate its $ 500 million governance treasury.

With Uniswap’s native UNI token currently trading at $ 9.30 after hitting its all-time high of $ 7.10 last week, Uniswap’s vested portion of Warchest is now more than half a billion U.S. dollar.

“What are some of the most powerful ways governance can assign this UNI?” Adams asked the church.

Approximately US $ 500 million of UNI has already been transferred to the treasury of the Uniswap Governance Community for a total of US $ 4 billion (based on current price).

What are some of the most powerful ways governance can assign this UNI?

Dream big

– Hayden Adams (@haydenzadams) January 18, 2021

Adams received a number of suggestions, including a request for a second UNI drop of air to the youngest Uniswap users, a request to burn 90% of Uniswap’s governance tokens, and suggestions to review funding for the “shilling” cessation. ”Services of various Twitter users.

Cihan Oztunc, Product Manager on the New York Stock Exchange, recommended Uniswap to set up a VC firm to invest treasury in promising new crypto projects:

Start a VC company called Uniswap Ventures and invest that money in new crypto projects. Once that $ 500 million becomes $ 500 billion, we can buy space shuttles and organize space tours for happy Uniswap users.

– Cihan (@cihan_oztunc) January 18, 2021

Meanwhile, Marquet Exchange co-founder Emiliano Bonassi tweeted that Uniswap should invest in accelerating the development of Layer 2 scaling solutions.

DeFi commentator Samuel Shadrach said Uniswap should buy a majority stake in SushiSwap’s offering and try to force a merger between the two platforms.

That would be a great ball game lol. Buy 51% of Sushiswaps MC and force a merger of the two.

– Samuel Shadrach (@ SamuelShadrach4) January 18, 2021

In September, Uniswap suddenly unveiled its native UNI token, with 43% of the token’s $ 1 billion offering withheld by the project’s finance authorities for distribution on “an ongoing basis through viewer grants, community initiatives, cash drawdowns and other programs.”

In its four-year token release cycle, the log is continuously transferred to the Treasury, starting at 40% of the total allocation of 430 million UNI in the first year and reduced to 10% or 43 million UNI by the fourth year.

Comments are closed.