Following the exponential growth of the site, those who kept their UNI tokens earned via an airdrop back in 2020 are now sitting on approximately $12,000.
It is safe to say that when it comes to the crypto-currency markets, the past year has been especially turbulent and fascinating.
The UNI Journey through Uniswap
Uniswap on Ethereum’s network is the leading decentralized exchange and automated market maker. It offers users the means to build liquidity pools based on the ERC20 protocol standard for any token and exchange them in a fully decentralized manner.
It also rewards those who provide each pool with liquidity by spreading the fees among all suppliers, generating extreme investor incentives while also providing a forum where users can trade with each other without having to go through any verification procedures.
Interestingly enough, until all the way back in 2020, the exchange had not had its own Uniswap token. The airdrop delivery of their tokens to anyone who used the exchange prior to a certain date was one of the most exciting things Uniswap did. In turn, 400 UNI tokens were obtained by those who used Uniswap, which they could claim for free. The cost ranged between $2 and $4 at that time, and many sold their tokens for a good “free” profit. However, those who kept on were handsomely compensated.
UNI’s Airdrop of $12K Face Value
As a consequence of the development of the network, as well as the fact that the entire market has exploded over the past 12 months, at the time of this writing, UNI is now worth about $30.
In other words, they will be able to cash in a whopping $12,000 that came for free to all who kept their airdrop tokens.
It is also worth noting that in Uniswap’s footsteps, other networks also followed and had airdrops of their own. 1 inch exchange-rival, Uniswap’s has had a few rounds of airdrops, and at the time of this writing, they are also worth thousands of dollars.