Unicoin sues Uniswap Labs, requesting the cancellation of the UNI trademark registration
The company TransparentBusiness, which operates Unicoin, has filed a lawsuit in the Southern District of New York Federal Court against Universal Navigation, which operates Uniswap Labs, requesting the court to rule that its UNICOIN trademark does not infringe or dilute the trademarks UNI, UNISWAP, and UNICHAIN claimed by Uniswap, and to request the court to cancel the U.S. trademark registration for UNI.The complaint shows that Uniswap's legal counsel sent three letters to Unicoin on June 3, July 17, and August 14, accusing it of trademark infringement, dilution, domain name squatting, and unfair competition, and demanding that Unicoin cease using the UNICOIN and other identifiers containing UNI, transfer the domain names unicoin.com and unicoin.org, provide income and profit accounts, and pay Uniswap's legal fees. Unicoin also requests the court to confirm that the aforementioned domain names do not violate the U.S. Federal Anti-Cybersquatting Consumer Protection Act.The lawsuit comes weeks before the public issuance of the UNCN token listed on the Unicoin official website on September 28. As of the time of publication, DeFiLlama data shows that the Uniswap protocol ranks first among decentralized exchanges with over $3.9 billion in 24-hour trading volume.