Unicoin, doing business as TransparentBusiness Inc., sued Uniswap Labs, doing business as Universal Navigation Inc., in the Southern District of New York. The company seeks declarations that its UNICOIN mark does not infringe or dilute Uniswap’s UNI, UNISWAP and UNICHAIN marks, as well as cancellation of the US trademark registration for UNI. Uniswap had sent three demand letters on June 3, July 17 and August 14, accusing Unicoin of trademark infringement, dilution, cybersquatting and unfair competition, demanding the cessation of the mark and transfer of the domain names. The Uniswap protocol ranks first among decentralized exchanges with over $3.9 billion in 24-hour volume. Unicoin’s public launch for the UNCN token took place on September 28.
Source: Read the original article
