Flipside Crypto - Flipside Friday Fact: UNI vs. 1INCH 

Comparing Uniswap and 1inch's Incentives for Attracting Liquidity

Uniswap and 1inch are both decentralized exchanges (DEX) built on top of Ethereum, that allow users to swap ERC20 tokens without the need for buyers and sellers to create demand.

The data above looks at the launch of their governance token, $UNI and $1INCH, which  give users a say on matters like fees, referral rewards and other governance issues. 

The $1INCH token was launched on December 24th 2020 on the Ethereum blockchain - and was distributed to all wallets that had previously interacted with 1inch (under certain conditions).

The giveaway follows the approach taken by Uniswap, which made a surprise airdrop of UNI tokens to past users (worth well over $1,000 at the time) in September 2020. 

Also similar to Uniswap, 1inch announced a liquidity mining program that launched on January 7th for 1INCH liquidity providers.

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