How to Claim your free UNI tokens (Uniswap)

If you’re on Crypto Twitter, you would have inevitably noticed that the most trending crypto today is a new token called UNI. It’s the native token of Uniswap, the most popular decentralized crypto exchange this year and they’ve just airdropped the newly launched token to their users.

The token jumped in price by a few hundred percent immediately since its launch and at its peak was valued at about $4, making the 400 UNI giveaway one of the biggest pay-checks that we’ve seen in recent days.

The price has since corrected down to around $2.50, which is still more than $1000 bucks-worth and for many, it’s still a steal.

You can read the full announcement of this airdrop on the Uniswap official blog here. Apparently 60% of the tokens are being distributed to Uniswap users, so anyone who has used the exchange prior to the snapshot (on 1 September 2020) is qualified to receive the free airdropped tokens. The process is really simple as you can see from the video above – you really just need to open the exchange website (and connect via your metamask wallet) and you should see a pop-up prompting you to claim your free coins.

If the pop-up doesn’t show up, go to the settings menu (from the top right corner) and search for the “UNI airdrop” option there. If you do not find such option anywhere, it might be that you aren’t qualified, but generally, everyone who traded on Uniswap before 1.September this year, is qualified, so it’s pretty straightforward.

As you click on the “claim UNI” option, you will be prompted to pay the gas fee for the transaction. In my case this amounted to $17 (USD) which is a high fee, but lately the Ethereum fees have been quite high, so this is not unexpected. The transaction will be pending for a while (depending on how congested the network is) and once the transaction clears, you will find your UNI tokens in your metamask wallet. If you can’t see the token displayed, you might have to manually add the UNI token to your visible wallet accounts. To do this, you might have to use the token hash ID which you will get from the Uniswap Official token launch announcement release.

If Crypto Twitter is anything to go by, the token is the most-talked about and hyped crypto today, so selling during the FOMO period is possibly the best strategy.

Good luck claiming yours.

OTHER POSTS YOU MIGHT LIKE:

Want to know how to make money by investing in crypto?
Grab a copy of my best-selling eBook “Learn Crypto”