The second proposal ever that would be made before the Uniswap community will be to send airdrop UNI tokens to another 12,619 addresses.
Second Ever Uniswap Proposal
As of this date, the plan was voted for by more than 20.7 million UNIs and voted against more than 714,000. The vote finishes at about 8 a.m. UTC on Oct. 31.
The plan would fail if fewer than 40 million UNI votes to create a quorum. This is undoubtedly the greatest barrier to passage, as the first proposal on the Uniswap platform recently failed to reach a quorum.
However, once the two initiatives proceed, an extra 15,679,200 UNI, costing about $40.6 million, will be allocated from the new UNI treasury at the current price of $2.59 per UNI. This means there would be a redistribution of 5,047,600 UNI.
During the first UNI airdrop, all accounts that interacted with UNI before a designated snapshot time was sent 400 UNI. At the time, this airdrop was worth more than $1,000 dollars per account.
The latest proposal entails providing airdrops to users who were passed over during the first UNI airdrop.
These people accessed Uniswap with third party applications instead of the Uniswap app itself. The proposal argues that no matter where users accessed Uniswap, they deserved a piece of the governance pie.
The UNI Token’s Total Allocation
1 billion UNI have been minted at genesis and will enter circulation over the course of 4 years. The initial four year allocation is as follows:
60.00% to Uniswap community members 600,000,000 UNI
21.266% to team members and future employees with 4-year vesting 212,660,000 UNI
18.044% to investors with 4-year vesting 180,440,000 UNI
0.69% to advisors with 4-year vesting 6,900,000 UNI
A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders.