Over 28.4M UNI Users Vote for Uniswap Phase One Airdrop Ahead of Tomorrow’s Voting…

The phase one Uniswap airdrop proposal was brought forth by the Dharma protocol. It claimed that its users were left out during the prior distribution.

A day to the end of the Uniswap Phase one voting process, Uniswap users have overwhelmingly voted for the proposal that will see around 12,619 distinct addresses receive 400 UNI tokens via an airdrop.

At the time of writing, 28,442,970 Uniswap users had voted for the proposal while 1,269,462 Uniswap users had voted against the proposal. Hereby indicating a higher chance of the proposal being adopted.

Uniswap Phase One Airdrop

All the 12,619 addresses were left out in the original airdrop, hence a chance for them to get part of the share.

“Specifically, this proposal transfers 5,047,600 UNI to a new MerkleDistributor contract, which will then allow for 400 UNI to be claimed by each of the 12,619 accounts,” the organization noted in the announcement.

According to the announcement, 3,418 Argent account users are to receive 27.09% of the total Uni distribution, 890 Defi Saver accounts are set to receive 7.05%, 2,833 Dharma account holders are set to receive 22.45% of the airdrop, 301 Eidoo users are to receive 2.39%, 57 FURUCOMBO accounts are to receive 0.45% of the airdrop, 4278 MEW account holders to receive 33.90%, 19 Monolith account holders to receive 0.15% of the phase one airdrop, 740 Nuo addresses to receive 5.86%, 79 Opyn addresses to receive 0.63%, and 4 rebalance addresses will receive 0.03% of the set airdrop.

The phase one Uniswap airdrop proposal was brought forth by Dharma, a Compound-based lending and saving protocol, which claimed its users were left out during the prior distribution.

For the voting to be considered, a quorum of 40 million Uniswap users will have to participate in the voting process.

On the Flipside

At the time of, Uniswap (UNI) token was trading around $2.34 having dropped 11.80% in the past 24-hours. According to metrics provided by Coinmarketcap, Uniswap (UNI) token had a market capitalization of $494,870,69 and a daily trading volume of $422,029,815.

In terms of market capitalization, the Uniswap project was ranked position 35 among other crypto projects. Notably, there are approximately 211,396,162 UNI tokens in circulation supply, whereby there are 1 billion in total supply.

Uniswap embarked on a process of distributing the 1 billion UNI tokens amongst its members. However, the process has been predetermined to take place in the next four years. According to the initial distribution plan, 60% of the 1 billion UNI tokens are to go to the Uniswap community members. 21.51% is planned to go to the team members, 17.8% to investors, and 0.69% to Uniswap advisors.

Source: Read Full Article