Unicoin sues Uniswap in US court, seeks cancellation of UNI trademark

Cointelegraph··US·Read original
2▲0 ▼1Impact / 5
Summary · why it matters

TransparentBusiness Inc., which does business under the name Unicoin, has filed suit against Universal Navigation Inc., which does business under the name Uniswap Labs, in the US District Court for the Southern District of New York, seeking a declaratory judgment that its UNICOIN trademark does not infringe or dilute the trademarks claimed by Uniswap. The complaint, filed on Tuesday, states that the UNICOIN trademark does not infringe the UNI, UNISWAP and UNICHAIN trademarks asserted by Uniswap, and also asks the court to cancel the US trademark registration for UNI. Uniswap's legal counsel sent three warning letters, on June 3, July 17 and August 14, accusing Unicoin of trademark infringement, trademark dilution, cybersquatting and unfair competition, and demanding that Unicoin stop using trademarks featuring the word UNI, transfer the domain names unicoin.com and unicoin.org, disclose revenue and profit accounts, and pay legal fees. The complaint also seeks a ruling that the two domain names do not violate the US Anticybersquatting Consumer Protection Act. Meanwhile, DeFiLlama ranks the Uniswap protocol first among decentralized exchanges by 24-hour trading volume, which exceeds 3.9 billion dollars, and the lawsuit comes just weeks before a public launch on September 28 that Unicoin lists on its website for the UNCN token.

Impact on assets 1

Others▼
Uniswap
UNI7083-USD
▼ NegativeRegulationrelevance

Unicoin's suit seeks cancellation of the UNI trademark registration and a ruling that its UNICOIN mark does not infringe Uniswap's UNI/UNISWAP/UNICHAIN trademarks.

Off-coverage companies 3

TransparentBusiness Inc.i
Private▲ PositiveRegulationrelevance

TransparentBusiness (Unicoin) filed the suit seeking a declaration that its UNICOIN trademark does not infringe and that its domains do not violate the Anticybersquatting Act.

Uniswap Labsi
Private▼ NegativeRegulationrelevance

Uniswap Labs is the defendant facing the declaratory-judgment suit over its UNI/UNISWAP/UNICHAIN trademarks and domain-name claims.

DefiLlamai
Private± Mixedrelevance