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XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $457.98 -0.19%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

tokens

Uniswap's motion to dismiss the class action lawsuit over fraudulent tokens was fully granted, with the court ruling that the platform is not responsible for third-party actions

A U.S. federal judge ruled to dismiss the remaining state law claims against Uniswap Labs and its founder Hayden Adams, ending a years-long class action lawsuit.The plaintiffs attempted to hold the platform liable for losses incurred from "scam tokens" traded on the Uniswap protocol. Judge Katherine Polk Failla of the Southern District of New York issued the ruling on Monday, dismissing the plaintiffs' second amended complaint "with prejudice," stating that the plaintiffs failed to present a viable legal claim. The court noted that the plaintiffs had multiple opportunities to amend their complaint but still could not demonstrate that Uniswap was responsible for the misconduct of unnamed third-party token issuers.The plaintiffs claimed to have suffered losses due to actions such as "rug pulls" and "pump-and-dump" schemes, arguing that Uniswap "aided fraud" by providing a platform for buyers and sellers to trade. However, the court clearly stated that merely providing a decentralized trading platform does not constitute "substantial assistance" to fraudulent activities. Judge Failla reiterated her previous view that holding developers of smart contract code responsible for the abusive actions of third parties on decentralized platforms is "logically difficult to sustain."The case was initially filed in 2022 and originally included federal securities law claims. The related securities claims were dismissed in 2023, and the Second Circuit Court of Appeals upheld that ruling, remanding the remaining state law claims to the district court for consideration. This ruling signifies the formal conclusion of the case and further tightens the boundaries of state law liability for DeFi platform developers.

The Opinion Foundation announced the OPN token economics: a total of 1 billion tokens, with 23.5% allocated for airdrops and 3.5% released at TGE

According to official news, the Opinion Foundation has officially announced the tokenomics and roadmap for its native token OPN.The total supply of OPN is 1 billion tokens, with an initial circulation of 198.5 million tokens, which will be deployed on Ethereum and BNB Chain. In terms of token distribution, airdrops account for 23.5% (235 million tokens), with 3.5% released at TGE and the remainder vesting over 7 months; investors account for 23% (230 million tokens), and the team and advisors account for 19.5% (195 million tokens), both of which have a 12-month lock-up period and a 24-month linear release period; the foundation accounts for 12% (120 million tokens), with 1% released at TGE; the ecosystem and incentives account for 11.1% (111 million tokens), with 5.65% released at TGE (including 3.5% of locked airdrop rewards and 2.15% of retroactive incentives); marketing accounts for 8.9% (89 million tokens), with 7.7% released at TGE; liquidity and market making account for 2% (20 million tokens), with 2% released at TGE.The OPN token has various uses, including accessing premium oracle data, paying ecosystem transaction fees, unlocking VIP privileges, and participating in governance. According to the roadmap, the project will conduct TGE in the first quarter of 2026, with a focus on promoting ecosystem growth and decentralized governance in the second quarter.
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