It's one of the biggest crypto exchanges now, having a vote what tokens / projects it should support is probably important for many whales. I could imagine that also old, centralised exchanges want to have something to say when it comes to uniswap development.
On the other hand CRV token from curve defi platform went to dust after initial pump. But they didn't have $1.6B daily volume.
While I made a post here arguing why it should be delayed, per the announcement:
UNI holders can vote at some point to start taking 1/6th of any liquidity pool. So, the coin does have some actual value.
I think a lot of governance tokens suffer from their initial distribution, they end up controlled by get-in get-out yield farmers with no long term plans, so they basically have to dump to a point those who want it can afford it (or end up ran by vulture capitalists that will skin the sheep). Hopefully UNI's distribution helps.
I'm just wondering who is paying for it.
It's one of the biggest crypto exchanges now, having a vote what tokens / projects it should support is probably important for many whales. I could imagine that also old, centralised exchanges want to have something to say when it comes to uniswap development.
On the other hand CRV token from curve defi platform went to dust after initial pump. But they didn't have $1.6B daily volume.
While I made a post here arguing why it should be delayed, per the announcement:
UNI holders can vote at some point to start taking 1/6th of any liquidity pool. So, the coin does have some actual value.
I think a lot of governance tokens suffer from their initial distribution, they end up controlled by get-in get-out yield farmers with no long term plans, so they basically have to dump to a point those who want it can afford it (or end up ran by vulture capitalists that will skin the sheep). Hopefully UNI's distribution helps.
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Exactly. Why paying for it so much now when a lot of UNI tokens aren't still distributed?
All I got to say, a useless token called hotdog was $4,000 and dropped to $1 in 5 minutes. People do silly things.