Binance Adds Support for Uniswap's UNI Token
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Cryptocurrency exchange Binance has just announced it has added Uniswap's protocol governance token UNI to the platform.

It should be noted the announcement was made just 90 minutes after UNI was released on the Ethereum blockchain.

The token will be distributed over four years. 60% of the amount will be distributed to community members, 21.51% to team members and future employees, 17.8% to investors, and 0.069% to consultants.

Binance has informed the token is available for trading in the following pairs: UNI/BTC, UNI/BNB, UNI/BUSD and UNI/USDT as of today at 3AM UTC.

Binance has accompanied the announcement with a warning, informing users that UNI is a newly created token that carries a higher than normal risk, and as a result, may be subject to high price volatility.

The platform has decided to give support for this new token in spite of being recently criticized for including the SUSHI token from the Sushiswap project. This is due to the fact that the anonymous developer of the project withdrew $14M in ETH shortly after the project was launched, causing the price of the token to plummet.

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