According to the legal complaint filed on Tuesday, Unicoin is asking the federal court to officially declare that its use of the UNICOIN mark does not violate, infringe, or dilute Uniswap’s various registered and claimed marks, specifically including UNI, UNISWAP, and UNICHAIN. Furthermore, the filing takes a more aggressive legal stance by asking the court to order the cancellation of the United States trademark registration currently held for the UNI mark.
The catalyst for this federal lawsuit stems from a series of escalating legal communications between the opposing parties. The complaint details that legal counsel representing Uniswap dispatched three formal demand letters over the course of the summer, specifically on June 3, July 17, and August 14. These letters formally accused Unicoin of engaging in trademark infringement, trademark dilution, cybersquatting, and unfair competition, while explicitly threatening further legal proceedings if the company did not alter its branding and commercial practices.
According to the lawsuit, those demand letters asserted extensive requirements. Uniswap’s counsel demanded that Unicoin immediately cease and desist from using the UNICOIN mark as well as any other UNI-formative branding elements. Additionally, the letters insisted that Unicoin transfer ownership of its corporate web domains, specifically unicoin.com and unicoin.org, over to Uniswap. The demands also included requests for a comprehensive accounting of Unicoin’s revenue and profits, alongside a demand for the reimbursement of Uniswap’s accumulated legal fees.
In response to these demands, Unicoin’s federal complaint specifically seeks a formal judicial declaration establishing that the operation and ownership of the unicoin.com and unicoin.org domains do not violate the federal Anti-Cybersquatting Consumer Protection Act. By seeking this preemptive ruling, Unicoin aims to protect its primary web properties from being seized or restricted under federal cybersquatting statutes.
As this intellectual property dispute unfolds in the Southern District of New York, digital asset media outlet Cointelegraph has reached out to representatives at Uniswap Labs to secure a formal comment and perspective regarding the newly filed lawsuit.
The legal confrontation arrives at a time of significant market activity and prominence for the Uniswap protocol within the decentralized finance ecosystem. Market data compiled by DeFiLlama indicates that the Uniswap protocol consistently commands a leading position among decentralized exchanges. At the time of writing, DeFiLlama ranked Uniswap first among decentralized exchanges when measured by 24-hour trading volume, generating more than $3.9 billion in daily transaction volume.
The timing of the lawsuit is also notable given Unicoin’s upcoming corporate milestones. The legal action was formally lodged just weeks ahead of September 28, the public launch date listed on Unicoin’s official website for the deployment and rollout of the UNCN token. This proximity between a major token launch and a high-stakes federal trademark lawsuit highlights the intense commercial sensitivities surrounding brand identification and token naming conventions within the broader blockchain and cryptocurrency sectors.
