Binance immediately lists Uniswap’s new token as excitement mounts

Binance immediately lists Uniswap’s new token as excitement mounts


Unfazed by the controversy over its SushiSwap listing, Binance has already announced support for Uniswap’s new token around an hour or so after it was announced.

The decentralized finance (DeFi) platform’s governance protocol token UNI went live on Ethereum (ETH) around 90 minutes ago.

Over the next four years, one billion UNI tokens will incrementally be released, with 15% being immediately released to past users of the platform. In total, 60% will go to community members, while the remaining 40% going to team members, investors, and advisors with a vesting period of up to 4 years.

The official announcement said UNI would ensure Uniswap is community-led and self-sustainable:

“The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.”

Binance was quick to jump on the announcement, stating it will open trading in UNI/BTC, UNI/BNB, UNI/BUSD and UNI/USDT trading

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