PANews reported on September 17 that according to an analysis of the UNI on-chain by on-chain analyst Yu Jin, UNI was issued and listed in September 2020. The team/investors/advisors and the community treasury received a total of 83% of the UNI (830 million), which had a four-year unlocking period. Now that four years have passed, these UNI have been unlocked and UNI has become a fully circulated token. UNI issuance and distribution:

LP staking reward 2% (liquidity mining allocation from September to November 2020);

15% airdrop for early users;

Community Treasury 43% (4-year unlocking cycle);

Team/Investors/Advisors 40% (unlocking period of 4 years).

The 17% belonging to LP mining + airdrops have all been circulated at the beginning of the launch, so we only need to look at the community treasury and the team/investors/advisors.

1. Community Treasury (43%) The Community Treasury has an allocation of 430 million UNI, all of which have been unlocked. The number of UNIs held by the Community Treasury address is currently 399,789,850, which means that the total amount of UNIs that have flowed into the market from the Community Treasury in the past four years is 30,210,150.

2. Team/Investors/Advisors (40%) The community treasury has 400 million UNI allocations, all of which have been unlocked. I sorted out the addresses that received these UNI allocations, of which 58,164,177 UNIs flowed into the market. Because the top six addresses (a16z, etc.) that received the allocations basically did not sell, the sales ratio is not high.

Because the community treasury and team/investors/advisors who own most of the chip allocations have not sold a large number (88.37 million chips), and most of the unlocked chips have not been sold yet, the actual number of UNIs in circulation is currently around 258.3 million (25.83% of the total).