$UNI
UNI is the governance token of Uniswap, which is one of the largest decentralized exchanges (DEXs) on the Ethereum blockchain.
Key points about UNI:
Governance: UNI holders can vote on changes to the Uniswap protocol (like upgrades, fee structures, or new features).
Utility: Mainly used for voting and proposing ideas in the Uniswap ecosystem — it's not used for transactions like ETH or BTC.
Decentralization: Helps keep Uniswap community-driven without relying on a central company.
Launched: In September 2020, with a big airdrop to early Uniswap users.
In short:
UNI gives people power over how Uniswap is run, but it’s not a privacy coin or a currency like Bitcoin.