@UniswapProtocol - a 2 year old automated market maker on Ethereum - launched their $UNI token today.
They distributed 150m $UNI to their early users.
At $3/UNI, that's currently $450m airdropped to their most loyal userbase. 1/5
Uniswap currently does $400-500m in DAILY volume, which is north of $150b annualised.
0.30% fees go to liquidity providers and 0.05% will go to $UNI holders.
$434m in fees are paid to the Uniswap community on an annualised basis. 2/5
Oct 16, 2018 • 9 tweets • 5 min read
Excited to publish the @fabric_vc Investment Thesis in this 2nd edition of the State of the Token Market Report!
⬇️ Core Arguments Below ⬇️
This movement is much more than just crypto - instead it’s a completely new wave of computing architecture driven by a couple of mega trends: Edge Computing, AI/ML and Decentralised Data Networks - 2/9