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Uniswap (UNI) is a crypto token that powers Uniswap, the largest decentralized exchange on the Ethereum blockchain.

According to Uniswap, the UNI token was created to “officially enshrine Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.”

At launch, 1 billion UNI were minted and should become accessible over the course of four years.