The decentralized exchange (DEX) Uniswap (UNI) community has decided to launch the cryptocurrency project on Binance’s blockchain, BNB Chain.
The decentralized autonomous organization (DAO) of Uniswap voted 66% in favor of implementing the Ethereum (ETH)-based DEX onto the BNB Chain in a fresh proposal.
Despite just 8.4% of the population voting, the statistics shows that 84.8 million ballots were cast.
The developers of one of the most well-known cryptocurrency wallets in the world, MetaMask, as well as the decentralized finance (DeFi) platform GFX Labs are some of the resolution’s greatest backers.
There were 4.92 million votes cast for each candidate, totaling 7.03 million.
Robert Leshner, the CEO and creator of decentralized cryptocurrency lender Compound Labs, was another prominent supporter of the resolution.
Asset management tycoon Andreessen Horowitz, crypto hedge fund manager Jesse Walden (jessewldn), and blockchainucla, a group of pro-crypto students from the University of California, Los Angeles, are among the greatest opponents of the initiative (UCLA).
They each received 15 million, 8 million, and 4.5 million votes.
At the time of writing, the token is selling at $6.47, up 2% from yesterday.
Before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets, investors should conduct due diligence.