Those holding UNI tokens purchased through an airdrop in 2020 currently hold about $ 12,000, following the explosive growth of the platform.
It is worth saying that last year was particularly turbulent and interesting when it comes to cryptocurrency markets.
The whole market is booming now. While Bitcoin officially became a trillion dollar asset, many altcoins saw huge gains. Uniswap’s UNI token is also among the coins that experienced this increase.
Uniswap’s UNI journey
Uniswap is the leading decentralized exchange and automated market maker in the Ethereum network. It provides tools for users to create liquidity pools for any token based on the ERC20 protocol standard and exchange them in a completely decentralized manner.
It also rewards those who provide liquidity to each pool by distributing fees among all providers. While it creates serious incentives for investors, it offers a platform where users can trade against each other without going through any verification procedure.
The exchange did not have its own Uniswap token until 2020. One of the most exciting things Uniswap has done was airdrop distribution to anyone who used the exchange before a certain date. Basically, anyone using Uniswap received 400 UNI tokens that they could claim for free. Back then the price ranged from $ 2 to $ 4 and most of them sold their tokens for a nice “free” profit. However, those who held it were generously rewarded.
UNI’s airdrop is worth 12 thousand dollars
As a result of the platform’s growth and the boom of the entire market over the past 12 months, UNI is currently valued at around $ 30 at the time of this writing.
In other words, those who hold airdrop tokens have $ 12,000 that comes for free.